This report provides a comprehensive analysis of TastyKingdom, a proposed food business in Australia, utilizing the Business Model Canvas framework. The executive summary introduces the concept of entrepreneurship and the key elements of a successful business venture. The report details the business venture description, focusing on TastyKingdom's offerings of fresh and healthy food products. The core of the report is the Business Model Canvas, which outlines key aspects such as customer segments (youngsters, families, and business people), value propositions (tasty, high-quality food with attractive ambience), customer relationships, channels, key activities (preparing and serving quality food, marketing), key resources, key partners, revenue streams (in-store and web-based sales), and cost structures. Furthermore, a feasibility analysis is conducted, examining market, technical, human, and financial aspects to assess the viability of TastyKingdom. The report concludes with a discussion on the minimum viable product (MVP) strategy to mitigate risks and ensure market acceptance. References to relevant academic literature are also included.