ENT530 : Business Model Canvas: Dr. Regnhlif / Norsyafiqah Mohd Saat ... [et al.]

As we know, every new business requires enormous capital to venture their new business into the market. However, it requires capital solely to enhance the business, but it also needs a finished report of the proposal. This is because from proposal other investors may know well about our new business and find it interesting to invest in it. It is still important to have capital, but a new business may not function properly without a proper proposal. Therefore, this assignment aims to expand our knowledge and enhance our skills towards planning an idea on how to do a business.
This Business Model Canvas shows us realistically how the fresh concept may be developed and how to generate a better business flow or secure a financial institution loan or grant. Furthermore, the Business Model Canvas material included all elements of the new enterprise to help beginners in the field identify what is most significant. It also involves analyzing competition from SWOT to obtain a sense of what the market is in the same type of company, at least we know before anything happens later on.
Besides that, the Business Model Canvas' material, such as the value propositions, customer relationships, cost partners, and all other vital aspects, is to aid us in interpreting market transactions. The most vital thing is getting to know the genuine status of the company. The analysis ensures that in the actual circumstance, we do not do anything improper too much.
Business Model Canvas also completes a proposal to form a financial institution with loans or grants, because they need to see the idea of the company, it is practical and it can bring benefits or otherwise. The finished and thorough Business Model Canvas might therefore convince the investor and financial institution to provides loan and subsidy to the new business.