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REVENUE MODEL (TECHNOPRENEURSHIP)

My Insights:

Revenue models are the financial blueprint that outline how businesses generate income. Under it were the social and non-social enterprises. For social enterprise, it focuses on achieving a social mission while generating income to sustain their operations. On the other hand, non-social enterprise prioritize profit generation and often rely on traditional revenue models. This two relates to revenue, as its main goal is to generate income, but in a different way.

In this, we can assess how important the revenue model is, serving as the backbone; it makes everything successful, guiding the financial health and longer sustainability. A good and well-designed revenue model ensures that enterprises convert their expenses, invest for improvements, and most importantly, achieve their goals. 

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BUSINESS MODEL CANVAS (TECHNOPRENEURSHIP)

My Insights:

A business model canvas creates a framework or timeline for us to achieve what we want to achieve. The Task Hive business model canvas focuses on helping students by making things more efficient and organized. Through a partnership with educational institutions and some technology providers, Task Hive aims to lessen student stress and make things organized for both academic and extracurricular activities for our "Workerbees"; the students, student leaders, instructors, and institutions. The freemium model, institutional fees, and advertising serve as the revenue stream for this. Meanwhile, the key activities focus on ongoing app development, marketing, partnership development, and support and engagement. Using the Task Hive, an activity organizer website, improves the overall experience of the users that involved any educational staff.