Title Techno Module 6 to 10.pdf ✅

TECHNOPRENEURSHIP 101 MODULE 6: BUSINESS MODEL D E S C R I P T I O N This module defines the business model and it identifies the products or services the business plans to sell, it's identified target market, and any anticipated expenses.
O B J E CT I V E S At the end of this module, the learner should be able to: 1. Learn time value of money. 2. Know how to generate revenue for business. 3. Know the price structure and price elasticity. 4. Identify the channels of distribution that represents a chain of businesses. 5. Have an idea what are the different types of strategic partnerships. This refers to a company's plan for making a profit. It identifies the products or services the business plans to sell, its identified target Business models help you develop strategies for customer acquisition, talent recruitment, key partnership alliances, and business development market, and any anticipated expenses.
For businesses on take-off, exploring potential business models can help you determine if your business idea is viable, attract investors and guide your overall management strategy. For established businesses, it serves as the basis for developing financial forecasts, setting milestones, and setting a baseline for reviewing your business plan. In its simplest form, a business model can be broken down into three parts: 1. CREATING VALUE - everything it takes to make something • Design • Raw materials • Manufacturing • Labor
In its simplest form, a business model can be broken down into three parts: 2. DELIVERING VALUE - everything it takes to sell that thing • Marketing • Distribution • Delivering a service • Processing the sale In its simplest form, a business model can be broken down into three parts: 3. CAPTURING VALUE - how and what the customer pays • Pricing strategy • Payment methods • Payment timing