You have decided to open a cupcake bakery and move your home-based business into a storefront.

SCENARIO

You have decided to open a cupcake bakery and move your home-based business into a storefront. Recently, you met with SBA National, a nonprofit that focuses on helping entrepreneurs start their business with funding and guidance. The nonprofit also hosts a business pitch competition to anyone who is a client. One of the requirements of the SBA business pitch competition is that each participant must create a business model canvas, which outlines the specifics of their business.

INSTRUCTIONS

Part 1: In preparation for the upcoming business pitch competition, it is SBA policy that you must create a business model canvas of your proposed business model. Your first task is to create a business model canvas, in Microsoft PowerPoint, that details your business strategy. The template is linked here. 

MAN 6500-Business-Model-Canvas-Template.pptx

Complete the business model canvas with the following information:

• Description of your business
• Type of business model selected
• Value proposition
• Geographic scale (local, domestic, global)
• Ease of formation
• Ease of replication
• Capital requirements

Part 2: Now that you have completed your business model canvas, in a Microsoft Word document, provide a synopsis of why the business model that you chose is the best for your cupcake bakery.