Hi there.Thank You for your awesome work. I was wondering if you could help me with my latest assignment.It is about preparing a business model. Please refer to the following files attached to this po

BUS3ENT Individual Business Model and Plan

(Suggested structure and more specific instructions)

Suggested headings:

Cover page (please indicate your full name, student ID, class day & time, tutor’s name, and Word count)

Executive Summary (Not included in the word count)

Table of Contents

1. Introduction

• • A clear introduction of your own NEW business idea, make sure that first time readers can understand your business idea.

  • Please don’t pick up an existing idea which has already been developed by an existing company/venture.

  • Please also don’t reuse the business idea which has already been presented in the group assessment.

2. Business Model Canvas

• • Customer Segments

  • Value Proposition

  • Customer Relationships

  • Channels

  • Key Activities

  • Key Resources

  • Key Partners

  • Revenue Structure

  • Cost Structure

3. Market Feasibility

(where possible, please support this session with relevant research, facts and figures)

The following (but not limited to) major questions are to be addressed:

3.1. What is the size of the market? Is the market at full capacity?

3.2. What is the growth rate of the industry? How competitive is the industry? What keeps new competition from entering this market (barriers to entry)?

3.3. Is there any trend that is affecting positively or negatively firms in the industry?

3.4. How can the market be segmented?

3.5. Who and Where are the targeted customers?

3.6. Where are customers getting the product now? Who are the major competitors in the market and how strong are they?

3.7. Where is the location of the business? How many customers would potentially purchase from you?

4. Technical Feasibility

(where possible, please support this session with relevant research, facts and figures)

The following (but not limited to) major questions are to be addressed:

4.1. What are the options for developing the technology (customer, off the shelf, design by yourself, or subcontract)?

4.2. What technological changes are changing or emerging that may affect the business?

4.3. What are the options for producing the product or service? (in-house, subcontract, license, joint venture or partnership, or a combination of those options).

4.4. What are the options for sales and distribution? (in-house, whole sale, distributors or sales representatives, license, joint venture or partnership, or combination)

4.5. What resources are required for development and are they available to you (skills, raw materials, components, suppliers, facilities & equipment etc)?

4.6. What are the laws and regulation relating to the business? (e.g. industry standards or regulations, personal certifications, intellectual property (patents, trademarks, copyrights), environmental liability, etc)

4.7. Has the research discovered any moral or ethical issues that you might have to address?

5. Financial Feasibility

(where possible, please support this session with relevant research, facts and figures)

The following (but not limited to) major questions are to be addressed:

5.1. What are the projected Revenues from the sale of your product or service?

• How much is the unit price of the product/service

• From the market research, what is the projected sales volume in "units sold?" and in "dollars sold"?

• From the market research, what is the selling price per unit?

• What is the total expected revenue?

5.2. How much is the start-up costs and equipment/capital costs (see attached Appendix 1 for the template)?

5.3. Prepare the Profit and Loss statements for the first 3 years (see attached Appendix 2 for the template).

5.4. What are the possible sources of financing?

• Where is the money from?

• What are the chances of getting the money?

• What will you have to give up?

6. Human Resource Feasibility

(where possible, please support this session with relevant research, facts and figures)

The following (but not limited to) major questions are to be addressed:

6.1. What technical and management experience is required?

6.2. Who are the owners and what are their roles? (Entrepreneur, Manager, Technical Expert etc)

6.3. What is the ownership structure?

6.4. What are the manpower requirements?

• How many employees will you need in the 1st, 2nd and 3rd years?

• How will you find the right employees?

• How will you compensate employees (pay for time, for production, for knowledge, or a combination)?

• How will you motivate employees?

• What training will they need on an ongoing basis?

6.5. What is the company’s growth strategy?

• How will quality be managed and maintained?

• How will organizational structures change with growth?

• What career paths will employees have available?

References

12-15 references required, at least 03 academic references needed; Harvard referencing style.

Appendices

Appendix 1

Source: business.vic.gov.au (2017)

Appendix 2

Source: business.vic.gov.au (2017)