Entrrepreneurship Paper
BUSINESS MODEL CANVAS
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Key Partners
ie allies – Wholesale Bike production companies opponents – Bike rental companies
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Key Activities
ie to reliably support - Tech group channels – application, website customers – College students, travelers, city residents
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Value Propositions
ie gains provided – Bike Rental pains reduced - ease of returning bikes to stations novelty – QR Code, miles & calories calculation access - Application convenience – Application Store
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Customer Relationships
ie how to – Customers create new profiles when they use our service. Feedback can be input on application. Customers are rewarded for frequent usage and feedbacks. self-service – Completely self-service co-creation – Improve service based on feedback
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Customer Segment(s)
ie Initial – College students niche - Exercisers needs – Bike rental
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Key Resources
Ie Assets – Friends & family funds Skills – IT skills IT – college students/graduates Knowhow – Application developer
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Channels
Ie how to reach – Application store support – Customer Service
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Cost Structure
ie cost components - bicycles, advertising, IT development, customer service
relative to competition – More cost on application development, less cost on bicycle stations
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Revenue Streams
ie transaction – through application subscription - none advertising – google advertising incentives - none |