In this unit you will begin the work for your final course project. To begin, yo

Question

In this unit you will begin the work for your final course project. To begin, you will choose a hypothetical new business venture that you will develop throughout the remainder of the course, leading up to your big presentation to (hypothetical) investors at the end!

Select a business from the provided list below:

social media manager

event planning

blogger

moving services

web developer

computer repair

real estate agent

In a brief essay (approximately one page or 250-300 words), provide your selected business venture and share how the use of the BMC can help your new business succeed. Be sure to properly cite any resources used in APA format.

Explanation / Answer

Business Selected:

Event Planner

BMC for the selected business:

The business model canvas provides the business with number of elements such as:

How the use of the BMC can help the business succeed:

Whenever a new venture is started, the business conducts research and tries to figure out the environment in which the business will be dealing in the coming future.

BMC is business model canvas which is used to describe the firm's product value preposition, its infrastructure, the customers with which the business will deal and the finances available at disposal.

BMC can help the business to succeed in number of ways:

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