Business Models for Start up Business

Gamingdom is a new start up venture that provides online gaming service utilising the latest cloud computing technology. The high demand, popularity and exponential growth in the number of gaming enthusiasts and the market have brought about this innovative idea. This new venture aims to provide an easy method of gaming through the internet without heavy expenses on hardware and software and also minimising the existing high rate of piracy. A business model is an essential tool for building a successful new business and for any new innovative venture start up it is utmost necessary to have a proper business plan in hand before proceeding for its implementation. This paper looks into the best available methodologies and approach to provide value to the customer and how they can derive value out of the service. The development of a proper business model that looks into all the key components of a business like value proposition, target market, value chain, and methods of revenue generation was intended. An in-depth research was done to understand the difference between a business model and the strategic decisions of a company and how it applies to the business. The Representation of a business model is essential for the effective communication of the idea and for the clear understanding to the business stakeholder and investors and this paper looks into the different methods to represent a business model. Every coin has two sides; a clear understanding of the possible problems of a business model if not framed properly which could be lethal to the business was proactively assessed which would help to think about alternative solutions

New Venture Creation: Business Plan: Gamingdom-The gaming kingdom

New Technology implementation is a never ending process and organizations try to utilize it in the best possible method for providing value and capturing value. New technology implementation can give way to innovation and development of new business models. This report is focused on providing high end gaming service via the web utilizing the cloud computing technology targeting the Indian Market initially, by three budding entrepreneurs. Cloud computing technology is a fast and growing technology where resources, software, storage and other aspects are provided on demand at a small price. An in-depth analysis of the gaming behavior and trend existing in India and the prospective growth fuelled this business plan. Online surveys and interviews were conducted to understand the market acceptance of the service and the technological challenges faced in implementing this business plan. Based on this an integrated marketing plan was developed which would be used to target the customer segment. Followed by a thorough scenario analysis, financial projections were made for the first three years of operation and then the future strategy of the business is discussed

Business Models for Start up Business

Gamingdom is a new start up venture that provides online gaming service utilising the latest cloud computing technology. The high demand, popularity and exponential growth in the number of gaming enthusiasts and the market have brought about this innovative idea. This new venture aims to provide an easy method of gaming through the internet without heavy expenses on hardware and software and also minimising the existing high rate of piracy. A business model is an essential tool for building a successful new business and for any new innovative venture start up it is utmost necessary to have a proper business plan in hand before proceeding for its implementation. This paper looks into the best available methodologies and approach to provide value to the customer and how they can derive value out of the service. The development of a proper business model that looks into all the key components of a business like value proposition, target market, value chain, and methods of revenue generation was intended. An in-depth research was done to understand the difference between a business model and the strategic decisions of a company and how it applies to the business. The Representation of a business model is essential for the effective communication of the idea and for the clear understanding to the business stakeholder and investors and this paper looks into the different methods to represent a business model. Every coin has two sides; a clear understanding of the possible problems of a business model if not framed properly which could be lethal to the business was proactively assessed which would help to think about alternative solutions

New Venture Creation: Business Plan: Gamingdom-The gaming kingdom

New Technology implementation is a never ending process and organizations try to utilize it in the best possible method for providing value and capturing value. New technology implementation can give way to innovation and development of new business models. This report is focused on providing high end gaming service via the web utilizing the cloud computing technology targeting the Indian Market initially, by three budding entrepreneurs. Cloud computing technology is a fast and growing technology where resources, software, storage and other aspects are provided on demand at a small price. An in-depth analysis of the gaming behavior and trend existing in India and the prospective growth fuelled this business plan. Online surveys and interviews were conducted to understand the market acceptance of the service and the technological challenges faced in implementing this business plan. Based on this an integrated marketing plan was developed which would be used to target the customer segment. Followed by a thorough scenario analysis, financial projections were made for the first three years of operation and then the future strategy of the business is discussed