Description
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 (local, domestic, global)
- 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 (local, domestic, global)
- Ease of information.
- Ease of replication.
- Capital requirements.
- Target Market.
