$1000 eCommerce Challenge: Transactional Costs
October 3rd, 2022
- Walk me through your current thinking for the cost structures element of your business model canvas for your $1,000 eCommerce challenge. Cost Structure:
- What are the most important costs inherent in our business model?
- How much does it cost to achieve my business’s key activities?
- What are the costs of my key resources and key partnerships?
- How much does it cost to achieve the value proposition for my customers/users?
- Are there additional costs to running a business?
- Legal?
- Insurance?
- What is the cost of my business as a whole?
- How much would it cost you to hire you (what do you want to be worth an hour vs how much are you getting paid for an hour of work in this business)?
- What is the opportunity cost of running your business?
