Entrepreneurship

TRIMESTER III; ACADEMIC YEAR 2022-23

Section:

Group Project on Venture Design

Name of Proposed Startup/Venture

Logo of Proposed Startup/Venture

Punchline for the Proposed Startup/Venture

Group Number: XX

Group Member Name; Roll Number

Business Model
Section A: Customer Segment (Approx. 250 words with reference)
For whom are we creating value? Who are our most important customers? You may refer
following set of probing questions for further clarity – group discussion.

a. Describe About the pain point/problem your team is proposing to solve OR improve OR
create.
b. Had you contacted the target audience OR the potential customers to get validation. If
yes supplement it with representing photographs.

Section 2: Value Proposition (Approx. 250 words with reference)

What “Value Proposition” your proposed startups/venture are intended to develop. You may refer
following set of probing questions for further clarity – group discussion.

a. What value do we deliver to the customer?

b. Which one of our customer’s problems are we helping to solve?
c. What bundles of products and services are we offering to each Customer Segment?
d. Which customer needs are we satisfying?

Section 3: Channels (Approx. 250 words with reference)

Through which Channels do our Customer Segments want to be reached? You may refer following set
of probing questions for further clarity – group discussion.

a. How are competitors or present market players are reaching them now?
b. How we will integrate Channels to deliver value better than competitor?
c. Which ones work best?
d. Which ones are most cost-efficient?
e. How are we integrating them with customer routines?

Section 4: Customer Relationship (Approx. 250 words with reference)

How you are planning to manage the relationship with your potential
customers/stakeholders. You may refer following set of probing questions for further clarity – group
discussion.

a. What type of relationship does each of our Customer Segments expect us to establish and
maintain with them?
b. Which ones have we established?
c. How are they integrated with the rest of our business model?
d. How costly are they?
e.
Section 5: Revenue Streams / Model (Approx. 250 words with
reference)
What is going to be your pricing model. You may refer following set of probing questions for further
clarity – group discussion.

a. For what value are our customers really willing to pay?

b. For what do they currently pay?
c. How are they currently paying?
d. How would they prefer to pay?
e. How much does each Revenue Stream contribute to overall revenues?

Section 6: Key Activities (Approx. 250 words with reference)

To make the proposed value proposition what are the major activities you need to perform.

a. What Key Activities do our Value Propositions require?

b. Our Distribution Channels?
c. Customer Relationships?
d. Revenue streams?

Section 7: Key Resources (Approx. 250 words with reference)

To make the value proposition – what are the resources you need. To do the key activities what key
resources are required?

a. What Key Resources do our Value Propositions require?

b. For Distribution Channels? Customer Relationships? Revenue Streams?

Section 8: Key Partner (Approx. 250 words with reference)

To make value proposition, to acquire key resources, to perform key activities: Who are they key
partners?

a. Who are our Key Partners?

b. Who are our key suppliers?
c. Which Key Resources are we acquiring from partners?
d. Which Key Activities do partners perform?

Section 9: Cost Structure (Approx. 250 words with reference)

Is your proposed idea/venture/startup/business more of Cost Driven (leanest cost structure, low price
value proposition, maximum automation, extensive outsourcing) OR Value Driven (focused on value
creation, premium value proposition)

a. What are the most important costs inherent in our business model?
b. Which Key Resources are most expensive?
c. Which Key Activities are most expensive?
Market Research Strategy
Briefly develop a conceptual model of potential consumer behavior.
(Approx. 250 words with reference)
Explore and connect theory with practice.

Identify and Secure Intellectual Property

Section 1: Identify The Intellectual Property Associated with Your
Venture Idea (Approx. 250 words with reference)
What type of intellectual property your team withhold in reference to proposed idea.

Section 2: Technology Scouting (Approx. 250 words with reference)

Scan the technology your venture/startup/business idea need for smooth, effective and efficient
functioning. Is there any technology requirement – if yes What type of technology you need to bring the
idea into reality? What would be your strategy to acquire that technology?

Legal Identity of Venture

Section 1: What type of legal identity suites to your team and why.
(Approx. 250 words with reference)
Explain the process to register with screen shorts.

Team Strategy
Justify how your team is best suited to the proposed venture idea.
(Approx. 250 words with reference)
Minimum Viable Team – Apply 3H Theory: Hustler, Hacker, and Hipster

Identify a set of experts in the domain/industry you feel their guidance will help to convert your idea
into reality.
Is there any partner out there for potential collaboration/co-creation?

List of Reference (Follow APA Format of referencing/in text citation)