In this unit you will begin the work for your final course project. To begin, yo
ID: 418898 • Letter: I
Question
In this unit you will begin the work for your final course project. To begin, you will choose a hypothetical new business venture that you will develop throughout the remainder of the course, leading up to your big presentation to (hypothetical) investors at the end! Select a business from the provided list below:
social media manager
event planning
insurance agent
accountant
retail store
home inspector
blogger
moving services
commercial cleaning services
web developer
computer repair
real estate agent
In a brief essay (approximately one page or 250-300 words), provide your selected business venture and share how the use of the BMC can help your new business succeed.
Explanation / Answer
I want to establish an accounting and auditing firm. for this there is no need of much fixed capital requirements. a small room, with two or three systems, 4 or 5 employees are enough. there are many people who do not have capacity to file their IT returns to concern tax authorities. and there are so many small firms who do not have abilities to maintaiin and manage accounts regularly. We identify these kind of peole and businesses, we find their requirements and design services according to their needs and requirements.
In this, Business Model Canvas can give a detailed pictorial representation about who we are, who are our target customers, which kind of services we offer to them, what is the process, how we execute these services and so on. It also focus on value creation process, the involvement of infrastructure and technology and so on. A pictorial view give more idea and clarity about what we are doing. It helps to get a brief idea about what and how we are delivering the services to the customers by creating more value to their business as well as to our business.
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