$2.$ Business Model Canvas Development

Once your group is formed, develop a Business Model Canvas to map out key elements such as value proposition, customer segments, and revenue streams.

$3.$ App, Website, or Software Prototype

Design and develop a prototype of your app, website, or software using tools like Figma, Canva, or other wireframing or development tools.

Ensure that the platform aligns with your target market$$s needs and delivers a strong user experience $($UX$).$

$4.$ SWOT & PESTEL Analysis

Conduct a SWOT Analysis to assess your startup$$s strengths, weaknesses, opportunities, and threats.

Perform a PESTEL Analysis to evaluate external factors such as political, economic, social, technological, environmental, and legal influences on your business.

$5.$ Setting SMART Goals

Define SMART goals that are Specific, Measurable, Achievable, Relevant, and Time$-$bound for your startup.

$6.$ Funding & Financing Your Startup

Develop a strategy to fund and finance your startup.

Explore potential funding options such as self$-$funding, crowdfunding, or investors.

Prepare a basic budget for initial costs like software development, platform hosting, and marketing.

Project how your startup will generate revenue, whether through subscriptions, in$-$app purchases, or advertising.

$7.$ Pre$-$Launch of Your Startup

Prior to your final presentation, launch the startup and make the platform $($app$,$ website, or software$)$ available to users $($e$.$g$.,$ beta testers, classmates, or the public$).$

Gather initial feedback from users and make necessary improvements before the final presentation.

$8.$ Final Presentation & Reflection

During the final presentation, showcase the entire project, including the Business Model Canvas, a working prototype or demo of your app, website, or software, SWOT and PESTEL analyses, your funding plan and financial strategy, insights from the pre$-$launch, and reflections on the decision$-$making models used throughout the project.