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Together with a friend who has a degree in economics from the University of Stavanger, you have established a company called loT Stavanger AS. The
Together with a friend who has a degree in economics from the University of Stavanger, you have established a company called loT Stavanger AS. The idea behind the company is to be able to take advantage of the opportunities that the Internet of Things opens up. A few years ago, you were robbed of a brand new and expensive bike. You will therefore investigate the possibilities of developing and commercializing a solution for tracking bicycles. In this assignment, it is important that you describe the assumptions you have made. question 1 Before you start with technical development, you will investigate whether there is a financial basis for developing such an idea for both the Norwegian and international market. You must briefly describe the five questions that you want / must have answers to. Of these five questions, choose three that you think are the most important. Justify this choice. Question 2 We now assume that you have chosen to proceed with the development work. You will now outline issues related to the development of a business model. (We do not want a general description of the dimensions in the development of a business model, but that your answer should be linked to the idea of tracking bicycles). Question 3 You have invested NOK 500,000 as share capital in loT Stavanger AS. To avoid the company having liquidity problems, it is important to prepare alternative budgets. What important budget items will you include in the period until IoT Stavanger AS receives a positive net cash flow from the operational activities? Justify the
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