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Essay Available:
Pages:
8 pages/β‰ˆ2200 words
Sources:
Check Instructions
Style:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 34.56
Topic:

Shared power bank. Individual Business Model and Plan

Essay Instructions:

Individual assignment, 2,500-word limit, report format with headings and sub-headings, 1.5 spacing to be used. Make sure that you have also reviewed and followed the additional guidelines on LMS about the suggested structure and more specific instructions for this assessment.
Suggested (brief) structure:
Cover page (please indicate your full name, student ID, class day/time & tutor's name)
Table of Contents
Executive Summary (not included in word count)
Section headings
• Introduction (a clear introduction of the business idea, make sure that first time readers can understand your business idea)
• Business Model Canvas (please make the full use of the Business Model Canvas template)
o Customer Segments o Value Proposition o Customer Relationships o Channels o Key Activities o Key Resources o Key Partners o Revenue Structure o Cost Structure
• Planning
o Market
o Operations and Technology o Human Resources o Finance
References (12-15 references required, at least 03 academic references needed; Harvard referencing style)AppendixIndividual business model and planLMSviaTumitinPlease see IMS and detailed Grading Criteria belowPrepare 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.

Essay Sample Content Preview:
Individual Business Model and Plan
Student’s Name
Course
Professor’s Name
University
City (State)
Date
Executive Summary
The report has presented a business model and detailed planning policies and procedures for a service-based business venture known as AAB (Australia Advance Booking) company located at Melbourne, Australia. AAB will provide online marketplace for introducing booking options related to lodging in different cities of Australia. Individuals and hotels registered on platform for providing accommodations are hosts and tourists booking the accommodations for rental purposes are guests. In order to generate revenues, hosts will be charged 2% of total payments and guests are charged 1% of total payments. Potential of rental market can be judged from the fact that holidays rental market has generated revenues of more than $3 billion in 2018. Important competitors like Airbnb and HomeAway have majority market share. In order to achieve a competitive advantage, AAB is going to utilize the in-house developed algorithms for conducting real-time data analytics. Customers purchasing trends can be identified through data analytics and these trends are essential for developing more effective policies for offering discounts to guests on online platform. AAB company will introduce different projects for fulfilling the corporate social responsibility and it is going to increase the goodwill in upcoming years. Customer information is protected by following the guidelines mentioned in privacy act developed by the government. Owner owns 100% equity and company structure is sole proprietorship. Employees are encouraged to present ideas that can be used for developing future policies and procedures, and this approach is essential for motivating the employees. The projected performance shows that company is going to generate positive cash flows in next three years. Company operations are financed by investing owner’s personal savings and debt financing option can be used in upcoming years for expansion purposes.
Table of Content
1. Introduction. 4
2. Business Model Canvas. 4
2.1. Key Partners. 4
2.2. Key Activities. 4
2.3. Value Proposition. 5
2.4. Customer Relationships. 5
2.5. Customer Segments. 5
2.6. Key Resources. 5
2.7. Channels. 5
2.8. Cost Structure. 5
2.9. Revenue Streams. 6
2.10 Summary of Business Model Canvas. 6
3. Market 7
3.1. Market size. 7
3.2. Market Growth Rate. 7
3.3. Data Analytics Trend Creating a Positive Impact on Hospitality Industry. 8
3.4. Market Segmentation. 8
3.5. Targeted Customers. 10
3.6. Major Competitors. 10
3.7. Current Location of AAB company and Forecasted Number of Customers. 11
4. Operations and Technology. 11
4.1. Online platform and Mobile Application Development 12
4.2. Emerging Technological Changes Impact on Company. 12
4.3. Options for Developing Service. 12
4.4. Options for Sales and Distribution. 12
4.5. Resources Required for Development 13
4.6. Important Regulation Related to Business. 13
4.7. Ethical or Moral Issue. 13
5. Human Resources (HR) Management 13
5.1. Technical and Management Experience. 13
5.2. Owner and Other Executives Roles and Responsibility. 13
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