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Assignment 1

The idea is to create a platform that provides standardized educational services like e-learning resources and sanitation maintenance to schools in exchange for a subscription fee, and ranks the schools based on these services to help parents choose the best school for their children. The platform aims to be scalable by attracting more schools as it grows, repeatable by fostering competition between schools to drive demand, and profitable by charging schools subscription fees to improve their facilities. Regular feedback, multimedia content, and activities within the platform are identified as the "secret sauce" to achieve the objectives of solving problems and enhancing the customer experience.

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55 views6 pages

Assignment 1

The idea is to create a platform that provides standardized educational services like e-learning resources and sanitation maintenance to schools in exchange for a subscription fee, and ranks the schools based on these services to help parents choose the best school for their children. The platform aims to be scalable by attracting more schools as it grows, repeatable by fostering competition between schools to drive demand, and profitable by charging schools subscription fees to improve their facilities. Regular feedback, multimedia content, and activities within the platform are identified as the "secret sauce" to achieve the objectives of solving problems and enhancing the customer experience.

Uploaded by

mad killer
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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SOY

Schools of the year

Introduction to Entrepreneurship

Ronak Kaoshik Madhav Tiwari Parth Shinde Meet Shah Ujjwal Gautam
17110068 17110079 17110101 17110139 17110162
What is the Idea for your Company that is scalable, repeatable and
profitable?

● It’s a big decision for parents to choose a school for their children as it
facilitates the development of the children. Our idea is to have a platform
which will have the complete list of schools for which we will provide
standardized services such as e-learning resources, smart screens, sanitation
standard maintenance etc. Schools subscribing to these services will be
ranked up in the charts.

● This platform will help parents to choose the best school for their child
according to their budget and what facilities they expect from school.
● Scaleable
○ Once the business is implemented and gets the likes of a small group of
say 15-20 schools, then it would start getting popular and the likelihood
of getting new schools onboard our program for providing better
educational ecosystem would be relatively less costly. So the revenues
will increase disproportionately to the running costs.
● Repeatable
○ After the business is well set up, the dynamic ranking system based out of
interschool competitions, achievements, etc. will tend to setup a
competitive mindset among students. Hence, it would lead to higher
demand for our services in the following years thereby rendering with
revenue effortlessly.
● Profitable
○ Every school will have to pay us to improve their learning facilities.
What are the objectives you want to achieve with the BMC ?

● To identify the problems that our idea will solve.


● Find a solution for targeting more audiences.
● Identify key resources and activities.
● To know who are our clients, and why will they want to use our product.
● Analyze the competitors and the market leaders.
Business Model Canvas

Key Partnerships Key Activities Value Propositions Customer Relationships Customer Segments
Managing operations, Unbiased Parents (seeking
Digital service On-time
sales, marketing. Regular to admit their
provider school ranking customer feedback child to a school
system support
for the first time)
Event planners, Platform update
workshop and maintenance
School Ensuring better
organizers recommendation customer experience Students and
Periodic quality checks system based on parents (wishing
ML to shift school)
Governmental
school Key Resources Channels
authorities
Services namely
#E-learning facilities Website/
Financial and Application
Investors and #Proper sanitation Schools:
human capital
sponsors #Workshops
#Inter-school Digital
Private
competitions marketing
Public
#Educational trips platforms
Students, parents & Multiple school High needs
parameters’ data #Scholarship for Print
schools marketing
meritorious students

Cost Structure Revenue Streams


Explain the "Secret Sauce" in the BMC that helps you achieve the
objectives.

● Sector wise workshops, admissions, industry visits; all on a single platform


would reduce the time and efforts to organize each one individually.
● Ratings( reviews and comments) would give a direct and overall comparison.
● Images and videos of the schools would help to both justify and verify the
rankings.
● Regular feedback from the students and teachers would help to improvise
and provide a better experience.
● Group activities, competitions and fun games for the employees to keep them
motivated and enjoy the work.

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