The project involves developing a business model for a social entrepreneurial firm. The specific issues that will be included in the project report include the following: 1. Idea and value propositionWhat problem are you trying to solve or what need do you plan to meet? What value will you deliver to beneficiaries? What is the nature of product/service that creates value for specific beneficiaries/customer segments?(DEVELOPE A HABIBBIT OF RECYCLING AND GIVE THE INDIVUALS INCENTIVE(REWARD POINTS OR CASH BACK) 2. Market & Competitors What is your target geographic market? Who else plays in your proposed space? Why is your solution better or meets an unfulfilled need?(NO COMETITORS YET) 3. Business model canvas a. Customer segmentsWhat different groups of people or organizations does your enterprise aims to reach and serve.(INDIVUALES-FAMILIES-ECT) b. Channels (Sales and Marketing)What is your sales and marketing plan? How do you plan to communicate and reach the beneficiaries/customers to deliver the value proposition? c. Customer relationshipsWhat type of relationship does each beneficiary/ customer segment need/expect and how are these established? d. Key resourcesWhat resources (physical, intellectual, human & financial) do you own or need to acquire/develop for the enterprise to work? e. Key activitiesWhat key activities will your venture focus on for it to work and be successful? f. Key partnershipsWhat network and who helps you make your business model work (i.e. suppliers, distributors, strategic partners)? What activities will be outsourced and what resources will be acquired outside the enterprise? 4. Financial projections for next five years a. Revenue streamsHow does the enterprise generate cash from each customer segment? Who pays for what service (donations versus earned income)? b. Cost structureWhat are the major cost drivers and what are the costs incurred to operate the enterprise? c. Profitability and sustainabilityWhen is the expected breakeven point expected to be achieved? 5. Impact and measurementHow will you measure social impact?
