The document outlines an idea canvas for a home automation business. Key activities involve learning from experienced entrepreneurs, consulting advisors, and becoming market ready. Key resources include investing in both software and physical prototypes. The audience is people living at home who value convenience, cost savings, and security controlling appliances remotely via an app. Channels to present the idea include social media, where the low price is more valuable than competitors. The investment requires time to execute, collaborating with subject experts in exchange for equity, and financial costs for development. The value is solving customers' needs for remote control of home appliances to save energy and feel more secure while away from home.
The document outlines an idea canvas for a home automation business. Key activities involve learning from experienced entrepreneurs, consulting advisors, and becoming market ready. Key resources include investing in both software and physical prototypes. The audience is people living at home who value convenience, cost savings, and security controlling appliances remotely via an app. Channels to present the idea include social media, where the low price is more valuable than competitors. The investment requires time to execute, collaborating with subject experts in exchange for equity, and financial costs for development. The value is solving customers' needs for remote control of home appliances to save energy and feel more secure while away from home.
The document outlines an idea canvas for a home automation business. Key activities involve learning from experienced entrepreneurs, consulting advisors, and becoming market ready. Key resources include investing in both software and physical prototypes. The audience is people living at home who value convenience, cost savings, and security controlling appliances remotely via an app. Channels to present the idea include social media, where the low price is more valuable than competitors. The investment requires time to execute, collaborating with subject experts in exchange for equity, and financial costs for development. The value is solving customers' needs for remote control of home appliances to save energy and feel more secure while away from home.
The document outlines an idea canvas for a home automation business. Key activities involve learning from experienced entrepreneurs, consulting advisors, and becoming market ready. Key resources include investing in both software and physical prototypes. The audience is people living at home who value convenience, cost savings, and security controlling appliances remotely via an app. Channels to present the idea include social media, where the low price is more valuable than competitors. The investment requires time to execute, collaborating with subject experts in exchange for equity, and financial costs for development. The value is solving customers' needs for remote control of home appliances to save energy and feel more secure while away from home.
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IDEA CANVAS
KEY PARTNERS Who can you ask to invest their time and energy into helping your idea? ANSWER : Subject experts What can you offer them in return for their Investment? ANSWER : we will offer them some percentage from profit as per their investment.
KEY ACTIVITIES What do you need to invest most of your time doing to execute your idea ANSWER : We need to invest most of the time to execute our idea to learn from those who have done it before we will also talk to our personal board of advisors to guide us with wisdom born from their own failures and subsequent successes. We will also talk to a couple of fellow entrepreneurs about the basis of need and thier offers to consumers and we need to become market ready before ending of scope we have seen startups implode when principals were pitted against each other on mutually exclusive objectives, like adding more technology versus keeping costs down. Quantify time and cost goals early, get agreement from all, and measure results regularly to verify alignment. KEY RESOURCES What materials should you invest in to help develop your idea? • software? • physical prototypes? ANSWER : We should invest both to help in developing our idea.
YOUR IDEA Depending on what you’re using the canvas for, this could be a:
ANSWER : Business idea
AUDIENCE RELATIONSHIPS What type of relationship do you want to build with your audience? ANSWER : We want to build the relationship of quality and trust with our audience.
CHANNELS Consider different ways of presenting or distributing your idea. Are some ways more valuable than others? ANSWER : we will present our idea through social media. Our low price is valuable than others . People taking too much price for home automation. The audience demand is that they are getting quality service but the the price is too high. In this way we are more valuable than our competittos.
AUDIENCE SEGMENTS Who is your idea for? ANSWER : It is for the one who are living at home. What are the values and needs of this group? ANSWER : The values and need is that people can not control their electrical appliances from anywhere. This service allows them to control their appliances from anywhere through app. They can also secure/ protect their expensive items through this service Why would this group find it valuable? ANSWER :because they can save electricity from this service, if a person forget to turn off any electrical appliances after leaving home they can turn it off later as well . They fell more secure using this service.
THE COST OF YOUR IDEA
The entire left side of the canvas describes what you need to invest to get your idea off the ground. Summarize that investment in this box. This could include: • Time investment (How much time will be required to execute this idea? How is this time best spent?) • Human resources (Which collaborators should you invest in? How will they be compensated?) • Monetary costs (What financial costs will your idea incur?)
THE VALUE OF YOUR IDEA
The entire right side of the canvas explains how your idea creates value. Summarize that value in this box. This could include: • Social value (does the idea solve a social problem?) • Academic value (why is this intellectually interesting?) • Monetary value (how would you generate revenue from this idea?)
