Business Model “Canvas Style”

1 Business Model “Canvas Style” Task Administrator App This application seeks to help students to stick to their schedule to complete their responsibilities at the right time and concentrate on their current tasks. Managing time is one of the challenges students face in college due to the divided attention on television streaming services and social media (McKay & Dean, 2017).

Customer Segments This application's targeted customer segments will be college and high school students who are serious about their studies.

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2 Value Proposition The Task Administrator App will primarily help keep students on track and enable them to accomplish their tasks without being distracted by social media. Similarly, premium users will also be allowed to apply for scholarships.

Channels The channels for reaching the consumers will be through the App Store and the company’s website. The App Store offers a reliable platform for the customers to buy the app. Similarly, the firm's website will advertise the app and allow the customers to buy and download the application.

Customer Relationships This will be established through statistical feedback. In this regard, users will be able to view charts and graphs of the various categories associated with their classes and study time performances once they log time and assignments through the app.

Revenue Streams The app will be available for download on Apple and Android app stores. It will be available in free and premium versions. The premium version users will have access to all the app's features, including access to scholarships. The free version will not have such privileges.

Key Resources This application's critical resources include a patent to trademark the idea, scholarship sponsors, and the investors who provided the initial funding for starting the business.

Key Activity

3 The key activities include selling and promoting the application, lobbying for scholarships, and searching for companies that would like to advertise their products and services through this application.

Key Partners The key partners in this business include App Store, investors, universities, and sponsors who will give out funds to facilitate scholarships.

Cost structure The associated costs for this app include the creation and maintenance costs of the app and website. After its creation, additional costs will also be incurred in marketing it to students. Other costs include salaries paid to workers and subcontracted workers.

4 Reference McKay, L., & Dean, L. (2017). Powering up students to challenge their own deficit views. Journal of Adolescent & Adult Literacy, 61(3), 257-266.