Business Canvas Model R&D Property Assignment

Enterprise
(BUSINESS CANVAS
MODEL
R&D PROPERTY)

Table of Contents
BUSINESS CANVAS MODEL FOR R&D Property ....................................................................3
INTRODUCTION...........................................................................................................................5
PEER GROUP REFLECTION........................................................................................................6
IMPROVEMENTS........................................................................................................................10
REFERENCES..............................................................................................................................12

BUSINESS CANVAS MODEL FOR R&D Property
Key Partners
 Builders
 Property
owners
 Brokers
Key Activities
 Selling
house
and earn
commiss
ion.
 Assistan
ce to
customer
s in
renting
their
house.
 Finding
Value Proposition
 Connecting
buyers with
sellers
 Convenient
way for
property
finding
Consumer
Relationship
 Feedback
and review
 Social
media
Channels
 Virtual
office
 Physical
office
Purchase
 Agent
 Retailer
Consumer
Segments
 Proper
ty
buyers
 Proper
ty
sellers
 Landl
ords
and
Tenan
ts

informati
on about
potential
buyers/la
ndlord
and
sellers/te
nants
 Marketin
g
activities
Key Resources
 Online
Portal
 Marketin
g and
sales
team
 Office at
prime
location
 Builder
 Cost
Structure
 Technolo
gy cost
 Cost of
operations
 Advertise
 Revenue Streams
 Brokerage on selling house from both parties
 Commission on finding homes for tenants
 Fees on consultation

ment cost
INTRODUCTION
R&D property guides and protects consumers who helps landlords and tenants for finding
better property. This organisation work for raising standards of professionals for letting agents
from single branch with large national teams. Their aim is to protect customers and their money
through set Client Money Protection (CMP) standard. There are 25 to 50 employees working for
clients to provide them service. The individual provide their demand and accordingly R&D
property search best property for them. It is legal body incorporated at United Kingdom for
letting and property business. This can be explained with help of Canvas Model given below:
Key Partners- The key partners are very important through help of those customers can
purchase products. R&D Property has three main key partners they are builder, brokers and
owners.
Key Activities- There are various activities which need to be performed by R&D
Property for customers and business. It can be related with selling houses and earning of
commissions. They also performed activities for customers in order to rent their house. They find
information regarding potential buyers and sellers.
Value Proposition- In order to increase value proposition in market, various roles
should be played. Organisation need to focus on providing quality product which helps in
increasing brand value and attracts consumers for purchasing. In order to do value proposition,
R&D Property can connect buyers and sellers, assist in decision making and provide convenient
way for finding property.
Consumer Relationship- It is very significant for organisation to maintain strong
relationship with customers in order to increase sales through market share. R&D Property can
create effective relationship by taking their feedbacks, providing information of house in social
media. The payment can be done through debit card, net banking, credit card by customers.

Consumer Segment- It is necessary to analyse and target right customer so that market
share can be increase along with profits. The customer segment of this organisation are buyer,
seller, renter and landlords.
Key Resources- In order to maximize profits, there should be sustainability and growth
in organisation. The key resources are online portal, marketing and sales teams. Office of R&D
Property should be at prime location which is resource for business.
Channels- There are different communication and advertisement channels that can be
used by organisation in order to create awareness and reach maximum market about products.
The company promotes products with help of online, offline and mobile application. There
should be virtual and physical office in order to provide service to people and customers.
Cost Structure- The cost structure of enterprise involves technology cost 10000 pound,
advertising cost 20000 pounds and cost to operations 15000 pounds.
Revenue Streams- R&D Property can generate revenue through various ways. They can
charge consultation fees from customers, commission charge on house from tenants and
brokerage fees from both parties while selling house. It is objective of any organisation to earn
maximum profit by satisfying need and demand of customers.
PEER GROUP REFLECTION
While doing such project I came to learn various things and peer group help me to
provide some suggestions regarding project which is helpful for completing task efficiently and
effectively. In order to do work in effective manner, they suggested me to use Gibbs reflective
model which can be implemented by business for generating plans and strategies for growth and
development of goals and objectives by R&D Property. This model has six elements which are
described below:
Description- I was given with completely new task which I have never done before. In
order to conduct such project, I need to prepare Business Canvas Model for new enterprise that is
R&D Property. This organisation deals in property and letting house to people as per need and
demand of consumers. This model consists of nine elements such as: key partners, value
proposition, consumer relationship, consumer segments, key resources, channel, cost structure
and revenue streams. In order to get success and sustainability of organisation, I need to prepare
this model for better understanding and growth of business. This is my first experience I have
prepared business canvas model where I learnt many things. In order to prepare such business

plan of company is not an easy task for me. As I was feeling very nervous for conducting such
project. There are essentials points which need to be consider such as: target customers who can
buy property, resources required for incorporation. It is necessary to find about cost involved in
running business successfully and methods through which goods can be delivered. As it is
property and house agent business, so customer need to come by themselves in order to see and
purchase property. I was nervous about starting such project and time required to finish task
successfully is major challenge for me. In order to complete task I divide work and elements so
that it can be accomplish as per requirement and within given time period in order to achieve
goal and objectives. I took help from peer group and they guided me about how to start task and
factors to be considered. While preparing canvas model for corporation I faced challenges and
difficulties. As I put maximum efforts in order to complete work successfully. All activities
which I have done during project taught me something new which is helpful for me in my career.
Thus, in this way I prepared business canvas model for new venture in order to make it easy for
achieving goal and objectives.
Feelings- I am very active and passionate to learn new things which can enhance my
skills and knowledge that could be added to my working experience. An individual can be
successful when they focus on learning new things and use it in their practical life. When I get an
opportunity to prepare new venture proposal by help of canvas model, I feel very happy and
curious to experience new things that enhance my knowledge and pleasure. When I started
project I was confused about how to start project and time required for completing it
successfully. As I am confident that I can put maximum efforts and can do it successfully. For
that, I felt that I should divided work on priority basis and requirement so that I can do it easily.
There are multiple challenges which come in front of me while doing project. After completion
of such report, I was happy enough to know about my skills, knowledge, confident for doing any
work and learnt many new things which is helpful for me in future. Now I can easily set business
plan for any new venture in order to achieve goals and objectives which can be accomplished as
per requirement of organisation. Business canvas model helps me in developing insights that is
beneficial for setting targets. Before starting project, I did research work so that proper finding
and conclusion can be taken that is important for task completion. With the helps of peer group I
also came to know about my weaknesses and they assist me a lot so that proper plan could be
made for business. I also took feedback from my groups so that I could not make same mistake

again and again. The learnt knowledge and skills helps me a lot to develop and enhance my
future growth and career development.
Evaluation- When I did my project I told my peer group to evaluate it and provide
suggestions regarding it. I came across both positive as well as negative experience which helps
me a lots to develop and enhance my skills and knowledge. The good experience was that I
completed project successfully and gained knowledge which is useful for me in future. I build
my confidence level up to mark that is required in organisation. Through project, I learnt
communication and coordination skills that is required to carry out task which was really helpful
for me in current and future life. I feel enthusiastic to learn new things on daily basis that is
required is required in corporate life. The bad experience which I came across was of time
management. When I was doing project, I thought I would complete it within given time period
but due to lack of time management skill I did not manage and complete according to given
requirements. My peer group suggested me to learn management skills in terms of time and work
so that I can finish each and every work within given time period. All things were going in good
conditions as every individual helped me a lot through my project so that I could feel motivated
and encouraged for achieving goal and objectives. I have learnt that contribution of group can
provide better results than doing work individually. Thus, complex task should be completed
with helps of other people also so that better and effective outcomes could be achieved within
given time period. I can use five whys in order to help team members to find uncover root cause
of issues and provide appropriate solutions to problems. Both experience that is positive and
negative helps me in learning and improving my strengths and weaknesses for career
development.
Analysis- While doing analysis, I came to know that various areas need to be improved
so that better business canvas model could be develop for new venture effectively. In order to
improve project, my peer groups provided me with some suggestions which are: I need to do
proper market research so that I could develop business plan in effective manner and important
factors to be considered while making model for new venture. Through business model it can be
analysed that R&D property can improve partners for better expansion. The key resources need
to be used effectively so that company does not face any problem for fund shortage. In order to
create brand value in market, property should be provide in that area and location where
customers wants. As real estate industry is large in size which need to maintain effective

relationship with customers so that they could connect themselves with corporations for
enhancement of profits. Each and every factors need to be considered effectively so that
problems could not arise in business. Through preparation of model for new venture could helps
in identifying goals and objectives of organisation. The analysis helps a lot in making effective
decisions for better outcomes. When analysing done, there has been an issue in terms of planning
and management as proper plan has not been made for venture.
Conclusion- From above report, it can be concluded that business canvas model has been
prepared for R&D property that could be helpful for guiding them and achieving goal and
objectives. Business canvas model has been divided into nine important elements. All such
resources have been used for success and growth of business. In order to do things differently I
can take advice and help from peer group so that I can prepare effective business model and
consider important factors. I faced both positive and negative experience during my whole
project. The positive experience was that I learned so many things for completing project that
helped me in improving skills and knowledge. I built my confidence, communication skills so
that I can do task in effective manner. By preparing such model if same task given to me then I
could perform it in more better and effective manner. As I have achieve target as per required but
lack of management skills within me leads work to be incomplete in given time period. Thus, it
was totally new and amazing experience which I felt and improve my analytical skills more
deeply.
Action Plan- I made action plan in order to achieve target within given time period. I
took suggestion from peer group so that same mistake cannot be committed again while
performing same task. There are steps which can be concluded in action plan given below:
Identify Problem- It is essential to analyse problem in order to make better plan.
Business should know about reason behind happening and consequences so that target can be
achieved.
Set Objectives- Without objectives goals cannot be achieved so action plan need to made
effectively. Individual should be clear about set objectives and work accordingly.
Organise Resources- For making effective plan, it is important to organise resources
according to need and specification in order to fulfilled objectives. Resources can be man,
material, money and power.

Time Table- It means to complete project within given time period. While making action
plan it is necessary to set time and efforts to accomplish it.
Measure of Success- The success can be measured only if target has been achieved
according to set strategy and plan.
IMPROVEMENTS
In order to get growth and success various improvement should be made effectively and
efficiently so that goal can be accomplish according to requirement of business. Thus, for that
business canvas model need to improved. It is as follows:
Key Partners
 Social
media
partner
Key Activities
 Maintena
nce
Key Resources
 Human
resource
 Banks
Value
Proposition
-
Consumer
Relationship
 Attractive
offer such
as :
discount
Channels
 E-mail
marketing
 B2C
Consumer
Segments

Cost Structure
 Rent &
leasing
Revenue Streams :
 Sponsors & In- App features
There are various improvements which can be done in business canvas model which are
given below:
Key Partners- R&D property need to be do improvements in canvas model in terms of
social media partners. It can create page at website so that customer get awareness about
company and it service.
Key Activities- The property and house should be maintained properly so that consumer
so that they get attracted towards organisations.
Customer Relationships- In order to improve, R&D should improve their customer
relationship by providing discounts and offers so that goal and objectives can be achieved.
Channels- R&D property can improve channels by using e- mail marketing in which it
can send mails to their target customers regarding property. Also, it can link business with their
customer that is B2C.
Cost Structure- It can improve by leasing and renting property. Thus, it can leads to
success of organisation.
Revenue Streams- In order to earn revenue, R&D can do sponsorship through help of
application. This need to be improve effectively and efficiently.

REFERENCES
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more sustainable business models. Journal of Cleaner Production. 135. pp.1474-1486.
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Sanderse, J., 2014 The business model canvas of NGOs(Master's thesis, Open Universiteit
Nederland).
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Online
Business canvas model. 2018. [Online]. Available Through :
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