2.Refine the Business Model for your venture based on your revenue model. You may use the Osterwalder BMC to refine your business model but prepare one or more visuals that explain how your venture will work and accomplish your BHAG.
Partner network
PCA
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Key Activities
Processing Copra to create value added products
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Offer
Increase the income of smallholder filipino coconut farmers by providing them with faster, efficient, and value-added drying systems for their copra. |
Customer Relationship
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Customer Segments
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Key Resources
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Distribution Channels
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Cost structure
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Revenue Streams
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- Develop an M&E plan for your venture.
- Clearly list all assumptions.
+Assume that our venture will be launched in 2 years from now
+Assume that the cost of production is $17,000 per machine
+Assume that we will be able to sell our product at a price of ~$24,000
+Assume that we will be able to scale production
+Assume that 1 machine can impact 100 coconut farmers (entrepreneurs will be able to network to this amount of farmers)
+Assume the copra farmers will want to use our technology
+As of right now we are assuming exponential growth of overhead costs
- Identify short-term and long-term success metrics.
Short-term
- Total number of machines sold
- Efficiency of the machine (ie. Quality of copra, value-added products produced, robustness)
- Net profit after one year (*MOST IMPORTANT)
Long-term
- Percent increase in average income of copra farmers (*MOST IMPORTANT)
- Total number of coconut farmers that use the machine
- Steady growth in number of machines manufactured and sold
- Identify specific methods to measure the metrics.
- Track additional income generated for smallholder farmers (method to be determined)
- Track additional income generated for local entrepreneurs (method to be determined)
- Track number of machines sold annually
- Consumer input (from both the entrepreneur and customers of the entrepreneur)
- Measure volume of products produced