You have decided to open an ice cream shop and move your home-based business into a storefront. Recently, you met with SBA National, a nonprofit that focu

Deliverable 02:

Competency

Determine different types of local, domestic, and global business model strategies.

Student Success Criteria

View the grading rubric for this deliverable by selecting the “This item is graded with a rubric” link, which is located in the Details & Information pane.

Scenario

You have decided to open an ice cream shop and move your home-based business into a storefront. Recently, you met with SBA National, a nonprofit that focuses on helping entrepreneurs start their businesses with funding and guidance. The nonprofit also hosts a business pitch competition for 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, SBA policy requires you to 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. Use the provided Business Model Canvas Template. 

Complete the business model canvas with the following information:

• Name of your ice cream shop business
• Type of business model selected
• Value proposition
• Geographic scale (local, domestic, global)
• Ease of formation
• Ease of replication
• Capital requirements (identify the one-time start-up costs for your ice cream shop business and total them.
• List your monthly costs and total them.

Part 2: Now that you have completed your business model canvas, in a Microsoft Word document, provide a synopsis of why the business model you chose is the best for your Ice cream shop based on the specifics shared in the canvas.

Submit the PowerPoint and the Word documents in one zipped file.

Rubric: A – 4 – Mastery

The business canvas model contains comprehensive information for: Name and description of your Ice cream shop. Type of business model selected Value proposition Geographic scale (local, domestic, global) Ease of formation Ease of replication Capital requirements.

A – 4 – Mastery

100% Microsoft Word document contains a comprehensive synopsis of why the business model that you chose is the best for your ice cream shop based on the specifics shared in the canvas.