#vmebsolutions

Pitching plays a significant role in start-up. In pitching, organizations and groups showcase their strengths and weaknesses and how long can the project sustain its usability and what are the measures they need to put in order to fulfill its mission and vision. In my personal journey, it takes a lot of effort in terms of preparing your project and gaining also advices and ideas from the panel. Being open to any changes can also be possible if you want to grow outside your possibilities.

VMEB Solutions have been my bread and butter during this semester, it enables myself to put a heavy courage on how should I lift the project and what possibilities I must need to sustain its validity and how it should flourish in the market if possibly. I felt relief on my end, knowing me and my groupmates have come a long way to fought what we believe is right and just in procuring our possibility could also be your possibility.

According to a online article from business model, the business model canvas is a great tool to help you understand a business model in a straightforward, structured way. Using this canvas will lead to insights about the customers you serve, what value propositions are offered through what channels, and how your company makes money. You can also use the business model canvas to understand your own business model or that of a competitor! The Business Model Canvas was created by Alexander Osterwalder, of Strategyzer.

Business model canvas, in my viewpoint, is a shared concept for articulating, illustrating, examining, and developing business models. It explains how an organization generates, distributes, and captures value. Business model canvas also helps to capture a larger scale of potential customers and buyers. Involving different factors in introducing the product, for a given example we have branding and promotions using different social media platforms. In business model canvas we could also see a further step or checklist you might want to consider for your business or organization. For example in key activities, you might include your social responsibility in your specific area. If you plan to sell some eco friendly machines, then you are expected to give back something to the nature, particularly activities such as tree planting, waste management projects and many more. Business model canvas also helps organization identify the key partners you might have along the way.

What comes in to your mind when you hear the word revenue? Money? Pricing? Totality? Income? Well all of these are associated with revenue. Money in terms of capital, pricing in terms of price of the products, totality in terms of number and lastly is income in terms of ROI or return of investment. In week 11 we try to assumed and estimated revenues, conversions, values and customers. But how and what did steps did we take? We'll know.

Primary Customers and how to make money, in establishing a business its very essential to know your primary customers and what steps should you take to capture this customers, and in terms of how to make money you should always remember the cause of your project to gain sales and dispose your product to its customers.

Pricing, this word was being used when we check a certain product and what amount can be sold. Pricing is significant in revenue model because pricing or the price is what captured the attention of the customers. May it be expensive or cheap. Pricing is significant in acquiring revenue.

Lastly is the value and the customer. When we say value we grasp information that leads to currency, money, amount and more but value is also part in a business revenue. Specifically customer's value, when we say customer's value we try to know the loyalty and the patronage of our customers to our product in a span of time. The products they always buy because they feel secure about the brand and how they do a personal advertising to introduce a certain product from a trusted brand and that type of relationship is what we're creating. To create a brand that can guarantee at any cost.