Compose a study that explains Which nine components make up the business model canvas?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 linked here.
Complete the business model canvas with the following information:
Descriiption 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.
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