Future down you have the business idea and a Business Model Canvas needs to be done after this idea as well I did attached a model of Business Model Canvas If you need more information please dont hesitate yo contact me thank you
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TABLE OF CONTENTS Business Model Canvas...................................................................................................................3 References........................................................................................................................................4
Business Model Canvas The management of Fit Food Creation should adopt the business model canvas and use it in its workplace for gaining very appropriate outcomes in market place. Basically, business model canvas is very helpful tool to different business for properly understanding a business model in a structured and straightforward way (Khan and Wuest, 2019). It can contribute to company for properly dealing with existing competitors in market place as well. Business canvas model includes nine key elements which has been discussed below; Customer segments:Existing product and service idea of fit food creation business is very excellent, but upper management of company have to divide it’s all customers in different segments on the basis of their interest, attitude and income status. Value proposition:Value proposition is another key element within model, in which upper management have to increase its brand value in market by running different informative advertisements in market place. Revenue streams:Business have to make specific way for generating excellent revenue as well. It can create some streams of revenue generation. Channels:Company have to make a very productive and active distribution channels for timely delivering its products and services. Customer relationship:It should make very effective relations with customers for attracting them towards own brand. Key activities:Serving food items, taking feedback from customers, formulate new marketing strategies are key activities to company (Campbell, Gutierrez and Lancelott, 2017). Key resources:There are employees, technical gadgets, vehicles and machineries are main resources to company. Key partners:Suppliers who will provide raw materials to company are key partners of company.
Cost structure:Fit food creation have to use the cost of £27000 for successfully covering various activities, like; promotion, salaries, registration feed, transportation, bills etc. References Books & Journals Campbell, A., Gutierrez, M. and Lancelott, M., 2017.Operating model canvas. Van Haren Publishing. Khan, M. A. and Wuest, T., 2019. Upgradable product-service systems: implications for business model components.Procedia CIRP. 80. pp.768-773.