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QUICKPLAN APP PROTOTYPE

The QuickPlan App prototype is a simplified version showcasing its core features to streamline project estimation. Users can easily set up projects by entering basic details and utilizing an automated estimation tool to calculate and compare material costs, reducing manual errors and time-consuming supplier visits. A supplier price comparison feature allows users to access real-time pricing, ensuring competitive decisions, while updates automatically adjust project estimates.

A clear dashboard summarizes costs and material lists with export options for easy sharing. Designed for efficiency, the prototype addresses key user pain points and sets the stage for enhancements based on feedback.

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REVENUE MODELS (TECHNOPRENEURSHIP)

What are Revenue Models?

Revenue models are financial frameworks that outline how businesses earn income. These models are critical to ensuring a business remains sustainable and grows over time. Whether the goal is pure profit or a mix of financial and social impact, revenue models guide businesses in achieving their objectives.

Why Do Revenue Models Matter?

A well-designed revenue model is critical for a business to thrive. It helps in financial planning, resource allocation, and shaping strategic decisions. For young entrepreneurs like us, understanding and choosing the right revenue model can make or break our ventures. A solid model provides stability, while a poor one can lead to failure.

Revenue Models For Young Entrepreneurs

As young entrepreneurs, understanding revenue models helps us design businesses that last. Whether creating a tech startup, a community initiative, or launching a product like QuickPlan App, we need a clear plan for income generation. For example, offering the app as a freemium product with additional paid tools can attract users while ensuring sustainability.

Connecting Revenue Models to QuickPlan App

For our product, the QuickPlan App, choosing the right revenue model is vital. A subscription model could provide consistent revenue while helping users access premium planning features. Alternatively, a freemium approach can initially attract a broad audience and upsell advanced tools to dedicated users. These models support our growth and align with our goal to make planning tools accessible and efficient.

Key Takeaways

Revenue models are more than financial plans—they are the lifeblood of any venture. They influence how we allocate resources, shape our strategic decisions, and determine long-term success. For young entrepreneurs, mastering these models is not just about profit; it’s about creating value, solving problems, and ensuring sustainability. As we refine our ideas, such as the QuickPlan App, understanding revenue models will be our stepping stone to success.

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BUSINESS MODEL CANVAS (TECHNOPRENUERSHIP)

Questions asked during interview:

Value Proposition

What specific problems do you face in project estimation, and what needs are not being met by current solutions?

Customer Segments

Who would benefit most from a tool like QuickPlan—general contractors, subcontractors, or another group?

Customer Relationships

What kind of support would you expect from a company offering an estimation tool?

Channels

How do you prefer to learn about new tools for project management or estimation?

Key Activities

What specific functions would you expect QuickPlan to have to support your workflow?

Key Resources

What resources or tools do you rely on now for estimating projects?

Key Partners

Are there specific suppliers or industry partners that you rely on when estimating projects?

Cost Structure

What costs would you expect to be associated with using an automated estimation tool?

Revenue Streams

What features would you be willing to pay for in an estimation tool?

Responses during the interview:

Value Proposition

"Honestly, galisod ko ug track sa costs ug materials, especially when prices change frequently. Manual akong process, so prone to errors, which makes it hard to create accurate estimates."

Customer Segments

"I think both general contractors and subcontractors will benefit kay they both handle estimations and project budgets, so any tool that saves time and adds accuracy would be helpful."

Customer Relationships

"Siguro online support ug tutorials. That way, if naay issues or I want to learn more features, dali ra kaayo siya ma-access."

Channels

"I usually look up online demos or watch YouTube tutorials. Importante nga makita nako how it works before using it."

Key Activities

"I’d expect it to calculate material costs ug kanang ability to pull real-time prices from suppliers."

Key Resources

"Mostly Excel ra gyud, but it’s very manual, and sometimes, I also ask suppliers for current prices directly."

Key Partners

"Yes, naa koy mga suppliers whom I call for updated prices. This way, I get reliable info for my estimates."

Cost Structure

"Siguro a monthly fee, as long as it’s affordable ug dili siya mahal, and it really adds value."

Revenue Streams

"I’d pay for real-time price updates and accurate, quick estimates. Those would save me a lot of time and help avoid mistakes."

Insights from the interview:

During the interview, it became clear that potential users need a faster, more reliable way to handle project estimates. Many are currently relying on manual tools like Excel, which is slow and error-prone, especially when prices fluctuate. Users value features like real-time price updates and automated calculations for materials and labor hours, as these would save them time and improve accuracy.

The interview also highlighted that customers want an affordable tool with good support, like online tutorials and easy-to-access help. QuickPlan’s opportunity lies in simplifying the estimation process, reducing mistakes, and providing up-to-date information, all of which would address the main pain points and offer real value to construction professionals.

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𝐓𝐡𝐞 𝐕𝐚𝐥𝐮𝐞 𝐏𝐫𝐨𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧 𝐂𝐚𝐧𝐯𝐚𝐬 (𝐓𝐞𝐜𝐡𝐧𝐨𝐩𝐫𝐞𝐧𝐞𝐮𝐫𝐬𝐡𝐢𝐩)

Questions asked: 1. Customer Jobs

What are the main tasks you need to accomplish when estimating a project?

2. Pains

What problems do you face with your current estimation process?

3. Gains

How would faster and automated estimates improve your work?

4. Pain Relievers

Will automating the process of estimating materials and costs save you time?

5. Gain Creators

Will the ability to get real-time pricing from suppliers improve your decision-making?

6. Products & Services

What additional features would you like to see in QuickPlan to make your job easier?

Interviewee's Responses:

"I think it involves gathering all the necessary information and calculating the costs or resources needed."

"The problems are not having enough data, taking too much time, or the risk of making mistakes due to manual work."

"Faster and automated estimates would make the process quicker, reduce errors, and help make better decisions."

"Yes, automation will save me a lot of time compared to doing manual calculations in Excel, especially for larger projects."

"Absolutely, real-time pricing will make it easier to create accurate estimates and stay competitive."

"I’d like to see a feature for tracking labor hours more precisely and a way to easily compare prices between different suppliers."

My Insights:

The interview shows a strong need for a tool to make project estimation faster and easier. The customer’s current process is slow and prone to mistakes due to manual calculations and limited access to up-to-date data. They believe that an automated tool would save time, reduce errors, and help them make better choices for their projects. The customer also values having real-time pricing from suppliers, which would help them stay competitive. They suggested adding features like tracking labor hours and comparing supplier prices. This feedback suggests that QuickPlan should focus on making the app easy to use, accurate, and time-saving by automating tasks and providing real-time information.

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DESIGN THINKING (Techno Blog)

During Interview:Questions asked: 1) How do you currently handle project estimation and material procurement? What are the biggest challenges you face in this process? 2) How much time do you spend estimating costs, labor, and materials for each project? Are there specific parts of the process that feel slow or inefficient? 3) Do you currently use any tools or software for estimates?

My insights from the interview: During the interview, the student shared that they currently use Excel for project estimation, which takes a long time depending on the project size. They find the manual process time-consuming and challenging. The student expressed that having an automated tool to streamline estimates would significantly improve their workflow, making it faster and more efficient. They also highlighted the value of being able to estimate labor hours and compare material suppliers directly within the app. Overall, the conversation revealed a clear need for a solution that simplifies and speeds up the estimation process.