Business Opportunity Exploration for ABC Academy's SaaS Management Software
Project scope
Categories
Market research Competitive analysis Financial modeling Product or service launchSkills
feasibility studies business analysis market analysis small business management risk analysis software as a service (saas) financial forecasting market opportunities project management software market researchABC Academy of Music is in the process of developing its own small business management software and seeks to explore the business opportunity for this new venture. The goal of this project is to determine the product/market fit, assess the viability of the platform as a Software-as-a-Service (SaaS) model, and project the financial size of the market opportunity. This will involve conducting comprehensive feasibility studies, market analysis, and risk assessments. The project aims to provide insights into the potential success of the software and offer recommendations for the next steps. The learners will apply their classroom knowledge in business analysis, market research, and financial forecasting to achieve these objectives.
The primary deliverable for this project is a detailed feasibility report.
This report will include insights on the viability of the business opportunity, market analysis findings, risk assessments, and financial projections across various geographic markets. Additionally, the report will provide actionable recommendations for ABC Academy's next steps in developing and launching the SaaS management software.
The product owner will be available for scheduled meetings by Zoom, on demand via Slack, and for ad-hoc meetings as necessary and convenient.
The product owner will support Students as an educator, offering guidance and coaching as necessary, and guiding deliverables, timing, and scope.
About the company
ABC Academy of Music has been providing Music Classes and Lessons to students of all ages since 2003. In addition to operating in the B2C space for families and individual students, ABC operates B2B services for schools and daycares.