Question
A startup in the food delivery industry is struggling to attract investors. Which component of the Business Model Canvas should the company focus on to enhance its attractiveness to potential investors, and how could they leverage it effectively? Customer Segments - Target niche markets such as office lunch deliveries or late-night snacks. Revenue Streams - Introduce premium subscription services for faster delivery options. Key Partnerships - Form strategic alliances with local restaurants to expand the menu offerings. Key Activities - Invest in technology to optimize delivery routes and reduce operational costs.
Answer
4.3
(128 Votes)
Quentin
Professional · Tutor for 6 years
Answer
Revenue Streams - Introduce premium subscription services for faster delivery options.
Explanation
For a startup in the food delivery industry to attract investors, demonstrating profitability is key. This means turning attention toward the Revenue Streams section of the Business Model Canvas can drastically improve attractiveness to potential investors. By introducing a premium subscription service, it can diversify its income and ensure a steady flow of income even in slow periods. This will display to the investor that the company has a solid financial model and the potential for higher revenue over time, increasing the attraction for those who want to take a stake in profitable businesses. Furthermore, premium services often show higher customer retention, as consumers who subscribe are likely to reuse the service to get their money's worth. Therefore, the correct answer is "Revenue Streams - Introduce premium subscription services for faster delivery options".