#techno101

In this detailed update, we unveil our strategic roadmap for launching and growing a biogas purification venture. Our approach encompasses a holistic view, covering sales strategies, financial projections, unit economics, go-to-market tactics, and initial setup costs.

Sales Strategy: We have identified key customer segments, including agricultural operations, waste management companies, municipalities, local governments, renewable energy firms, and industrial plants. Through direct sales efforts, we aim to engage these segments, showcasing the value of our biogas purification solution tailored to their specific needs.

Financial Projections: Our forecast indicates a robust financial performance, with a net profit of 59,000 pesos and impressive gross and net profit margins of 75% and 36.88% respectively. This profitability is based on total sales of 160,000 pesos, demonstrating the strong potential for financial success in the biogas purification market.

Unit Economics: Over the course of five years, we anticipate selling 200 units annually at 10,000 pesos each, resulting in a steady revenue stream of 2,000,000 pesos per year. This consistent performance underscores the sustainability of our business model.

Go-to-Market Strategy: To establish our brand as a leader in sustainable energy solutions, we have developed customer personas and target segments, highlighting the benefits of our technology. Our sales team will engage in direct outreach, complemented by online marketing and industry events.

Business Setup Costs: With an initial investment of 50,000 pesos, we have allocated funds for consultant fees, business registration, website setup, licenses, equipment, and operational costs. This budget ensures a solid foundation for our venture's launch and early operations.

We posted the team behind UnivBook App and the post has reached 591 people, 189 engagements, 6 reactions and 2 shares.

As the schedule of the final pitch is coming, we have made some adjustments in our project presentation specifically in the traction part. We decided to breakdown our traction in three parts to accomplish the Bull's Eye Framework.

In this week, we need to prepare our presentation of our Business Model Canvas (BMC) or Wireframe and the Traction Model - Bullseye Framework.

This is our  Business Model Canvas

 This is our Minimum Viable Product (MVP)

This is our Traction

Lastly, visit our Facebook page and check our advertising campaign. 

For this week's lecture series, we have our speaker Engr. Miriam Bergado who discussed us about the Minimum Viable Product (MVP) and Traction.

 A Minimum Viable Product or MVP is a product with just enough features to attract early-adopter clients and verify a new concept early in the development cycle. MVP will help us to find clarity and focus on the core functionality of our product. Also it will help us to develop early relationship with the customer and  better understand what the customer needs.

 Traction refers to the initial progress of a startup and the momentum it builds as it grows. Traction is important to us because the higher the traction, the more investors are attracted to our business.

 Therefore, MVP and traction is the process of learning and validating a product with the least amount of work and resources in order to sell it and generate revenue.

We are back on track after a week of exhaustion from the midterm exams and this time we are going forward towards the Sem's final term. This week's lecture series is all about Business Model and Canvas, which is discussed by our instructor Engr. Marberth Custer Jael. The Business Model Canvas is a strategic management template used for developing new business models and documenting existing ones.

 The Business Model Canvas comprises of 9 components which are the following:

 1. Value Proposition - equivalent to your value model.

 2. Customer Segment - equivalent to customer profile.

 3. Channel - the access of the customer for your product.

 4. Customer Relationship - building relationship between your customers and your products.

 5. Revenue Model - this is how your products generates money.

 6. Key Resources - this refer to the resources that are necessary to carry out the products. 

7. Key Partners - these are the partners that will help  in raising your products.

 8. Key Activities - these are the activities that will help you gain profit out of your product.

 9. Cost Structure - this provides the cost information that occurs during the operations.

In week 7, we prepared for the presentation of the team’s pitch deck that serves as our midterm examination. During the pitching, our team delivered the presentation we prepared. However, one of the panel commented that there are still loop holes  in our project and still needs improvement. Our team needs to work on and apply the comments given by the panel to obtain a good and improved project.

In week 6, we presented our final idea and we're so glad  because the idea was accepted and we could already present it in our pitching. After that, we made survey questionnaires and interviewed more people to validate more our chosen idea.