Parrish and Eric, two youth from Brentwood, New York found their claim to fame during Hip Hop's grounding years. Their experience is not unlike the entrepreneurs of the tech age. However, what they have is the success of making it happen. Now, how do you make your's happen. What is the pitch that is going to catapult you to the level that confirms you have arrived? What format do you use to sell your idea? When is the right time? These are the questions that budding entrepreneurs need to answer. During our last class, we examined and provided function for The Business Model Canvas. Through the process we were able to examine the intent of the course by learning to appreciate the process that allows it to flow in order to achieve intended outcomes.
To help prepare each student for the Ghetto Genius Hack of their business model canvass I would like you to document in your post the following items about your business or idea.
Value Factor (why is it needed)
Customer Segments (targeted demographic)
Customer relationship (building and/or maintaining capacity)
Channels (Marketing strategy)
Cost structure
Key resources (tools to do the work)
Partnerships (who is at the table)
Revenue streams (monetization opportunities)
