The business model canvas for SPC Company.

The business model canvas for SPC Company.

The business model canvas for SPC Company. Customer segment part, SPC is focusing on the niche market of customers who are struggling with garbage pickup and as his concept for the business, environmental-friendly product, so there might be a group of people who are looking for this product to save the world and to decrease the number of fossil fuels.

For value proposition, by having this product, the customer will be able to lower the cost if waste management. Although we include the product delivery price, it is still much cheaper than the cost of a traditional trash receptacle. Moreover, the product’s software makes life much easier than before, with high capacity trash that comes with a software that helps you to eliminate the bin’s overflow and automatically compact the trash when it’s full without using fossil fuel but solar power instead. The company using exhibition, their connections and its website to reach their customer. The services are conducted automatically through software so this means the company doesn’t directly service their customer by themselves but they built the software instead so they satisfy their customer by their product. The company can get money by direct selling and by leasing their product.

The key resources of the product are their software and machine but by only this, it is not enough for the product to become a big belly’s trash compactor; it needs a skillful engineer in order to make it happen. The key activities of this product are basically monitored solar-powered trash compactor so this makes you be able to track and eliminate the bin’s overflow and compact it when the bin is full. Moreover, the product needs key partner to optimize their business models, reduce risk, and acquire resources, the company’s partnership would be facilities management to manage the company facilities, investors as the company not have enough money from the start to make the product into the market, so the company needs investors to invest in their business. However, the company is not trustworthy and well-known by the market enough to invest so it’s a hard time for the SPC team to make the product. Lastly, the cost structure, Big belly has to pay for the cost of the material to produce the product, labor costs such as engineering and for research and development for the company to improve and develop their product.