Assessment Type: New entrepreneurial venture Model & Business Plan – Group Assessment
Purpose: This assessment allows students the opportunity to present their proposed new venture’s model and business plan. An entrepreneurial venture’s business plan is not like a less entrepreneurial venture’s business plan.
Prepare a Business model and plan for
an Australia-based, brand new, for-profit business venture
that you might enter into in the future. This should be different from the business idea which has already been used and presented in the group assessment.
• Business Model Canvas (please make the full use of the Business Model Canvas template)
o Key Activities
o Key Resources
o Key Partners
o Revenue Structure
o Cost Structure
Important Note: we have already choose our product which is NOHBOH DROPS but we named it as BUBBLE DROPS. SO please do the assignment based on that product. I will attach our presentation file based on the same product together with this
noba drop noba drop Assignment 2 BUBBLE DROPS Eco friendly, biodegradable material, water soluble drops Personal care products Single use vegan-friendly, paraben & sulphate-free that are not tested on animals sugarcane-derived plant plastic and is compostable. MISSION To combat waste and create eco friendly products reducing, reusing and recycling Bio-degradable packaging Future vision: eliminate waste and reduce cost help make the world a greener, plastic-free place. p Design and commercialize we believe safety comes first, especially when dealing with podded products in a household environment According to the DSM group, social media is one of the most effective advertising media followed by newspaper, TV and radio. Reaching to the audience through one media only is not the most effective plan but using various type of advertising helps to increase the market interest p FINANCING OPTION STAGES OF BUSINESS VENTURE: SEED START UP EXPENSION MATURITY P SEED – START UP 1 pack( 15 shampoos) sold at $12 WE NEED 5000 PACKS TO LAUNCH PRODUCT (5000*$12) = $60,000 INITIAL COST Research = $20,000 Sample = $5,000 Marketing = $15,000 Manufacturing = $50,000 Labour cost = $20,000 TOTAL COST: $170,000 . Owners equity . Family, Friends and business angels . Government-based schemes . Venture Capital Exception- Maturity Bank overdraft and long term loans Trade credit, debt factoring, leasing Publicly raised equity Marketing Strategies Publish great content Paid Advertisement Customers referral programs Apply online for business awards Host an event or class Target market Demographics: Target people aged from 18-49 Geographical: People living in urban areas Behavioural: People who is conscious about environment Psychographics: People who strictly says no to plastics.