COMPETENCY
Determine different types of local, domestic, and global business model strategies.
SCENARIO
You have decided to open a cupcake bakery and move your home-based business into a storefront. Recently, you met with SBA National, a nonprofit that focuses on helping entrepreneurs start their business with funding and guidance. The nonprofit also hosts a business pitch competition to anyone who is a client. One of the requirements of the SBA business pitch competition is that each participant must create a business model canvas, which outlines the specifics of their business.
INSTRUCTIONS
Part 1: In preparation for the upcoming business pitch competition, it is SBA policy that you must create a business model canvas of your proposed business model. Your first task is to create a business model canvas, in Microsoft PowerPoint, that details your business strategy. The template is attached.
Description of your business
Type of business model selected
Value proposition
Geographic scale
Ease of formation
Ease of replication
Capital requirements
Part 2: Now that you have completed your business model canvas, in a Microsoft Word document, provide a synopsis of why the business model that you chose is the best for your cupcake bakery.
Grading Rubric
The business canvas model contains comprehensive information for:
Comprehensive synopsis of why the business model that you chose is the best for your cupcake bakery.
Description of your business.
Type of business model selected.
Value Preposition.
Geographical scale
Ease of information.
Ease of replication.
Capital requirements.
Target Market.
