26-04-2011

By Monday 25th April 2011 we were all in the Hotel just in front of Nice Airport. We spent time walking through the sunny streets to the center of Nice and finally we seat in beautiful bar and restaurant just in the beach of Nice.

and next the routine start wake up take shower, breakfast and then march up to school. The classes were started from 9:15 am till 5 pm. After this hard long lectures we all agreed to spent time in some cool place with chilled beer, wine and delicious food. Whenever I remember those moment, my mouth would be filled with water.

The very first day, a group of 10 students from Laurea along with mentor Anna and Vesa arrived to EDHEC Business School Nice. The school building was a piece of sound architecture. Charles the professor for MBA at EDHEC welcomed all of us and leaded us to the auditorium. The auditorium was filled with MBA student (so called expertise of their field). Laurea student took their seat and listen to the lecture. Today, Charles was introducing us to the Business Model. Professor Charles is a very cherish, proactive and smart in his teaching.

From his teaching and presentation and comparing this theory to my own business model, I have figured out that Business plan should also cover finance along with market analysis, management team, product and business. My business plan related to location based business model; which is still untested and underdeveloped was hard to forecast in terms of income statement and balance sheet. Thus, it is very important to know more about finance and to forecast into your own business plan. Every Business is created by opportunity. Opportunity refers to gap in between demand and supply. The product or business should solve specific problem to the consumers’ need. In my case, I m Shopper is an application meant to design to simplify shopping. In another hand it will help companies to minimize their marketing overhead and maximize the return. Thus, the product is manifesting of opportunity. It is very important to prepare business model. Business model will help to make business plan stronger. In business model, we have to show where the money (revenue) is coming from and how, what is our cost structure, how long wills the business took time to generate profit. The very first day covered topic mainly on business plan and business model. I am very overwhelmed to take part in the curse in EDHEC Business School. I am hoping these learning will support me to develop my own business idea into great business model.

--------by Bishnu Sapkota

Laurea Business Venture