economics how to build a business model
TRANSCRIPT
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PROPOSAL FOR CONVERTING YOUR HOBBY INTO A BUSINESS
NAME OF THE STUDENTS ROLL NO.
Ms. GILLIAN DOURADO 68
Ms. NIDHI JAIN 75
Mr. SATEJ KHOT 83
Mr. JIGNESH MISTRY 93
Mr. CHETAS SHAH 110
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IntroductionCake as a product
Customization The Latest Trend.
A brief on Yolanda
Purpose of this project
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YOLANDA’S CAKE S
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DemandPersonalized / Customized cakesAffiliations with event managersFree birthday caps and candles Advertising through radio channels in form
of gift vouchersBaking classes Free pastry to frequent clients every quarter
(Innovated pastries like Red velvet cakes) Free delights to school students on a
particular occasionsCake on Wheels
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Current Pricing StructureCurrent Pricing Structure
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PricePrice Pricing Strategy to Gain Market Share:
Manage Fixed & Variable CostOptimum Utilization of ResourcesBulk Buying Customization Build Image of the Product in Consumer Mind
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Current CapitalCurrent CapitalCurrent Financials for 5 Normal Cakes Per Month & 2 Wedding Cakes Per month
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Future CapitalFuture CapitalCurrent Financials for 10 Normal Cakes Per Month & 4 Wedding Cakes Per month
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ConclusionConclusion• Money out of hobby-Money out of hobby- There is no specific marketing
strategy to be followed: spreading the word through friends and family or even putting up a page on Facebook and you're set to make profit out of your interest.
• Yolanda a role model-Yolanda a role model- Yolanda can be a role model for many young entrepreneurs to convert their hobbies into a money making livelihood and enjoy their work.
Book One now !Book One now !So if you have an occasion coming up with a theme for
the party in place, you could surely contact Yolanda and have her design a cake with a personal touch to match the theme, which will surely make your Friends envy about it.