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In pairs, you must place yourself in the position of an entrepreneurial partnership looking to start a new venture. Develop and describe an innovative business model. In doing so, you must: 1) Provide a background of the proposed start-up opportunity. 2) Undertake a business model canvas study. (Note: It is strongly recommended that you use the business model canvas diagram in this section of the assignment) 3) Identify four to six key components of the canvas, and provide an in-depth analysis of each components role and its importance to your business model. In doing so, you should: a) Describe each component b) Justify why you have chosen it as a key element c) Demonstrate why and how each element is important to the business success 4) Illustrate how this new and innovative business model fits into the current market environment.
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