WEEK 5-2

I. MINUTES OF THE MEETING (MEETING SUMMARIES)

DATE: April 2, 2022

TIME STARTED: 7:06 PM

CALL TO ORDER: A discussion meeting was called to order at the google meet code sop-ihas-cig. It was presided over by Ms. Gheorjette Isla, with Denise Guiloreza as secretary.

ATTENDANCE: Mr. Martin Aranzado, Mr. Nathaniel Deboque, Ms. Denise Guiloreza, Ms. Gheorjette Isla

ABSENT: None

AGENDA ITEMS:

A. Acknowledgement of tasks for this week

1. Business Model Canvas (BMC) Infographic— Revenue Streams

2. Finalization of Answers

3. Summary of Learnings

4. Minutes of the Meeting

B. Discussion about Revenue Streams

1. The revenue will come from our customers' subscription payments. Becoming members of the e-platform is the value the target customers are willing to pay.

2. Having an automated service as the customer relationship, we extend customer support that reduces human involvement in solving customer inquiries. They can pay online through various mobile payments such as Gcash, Paypal, and Paymaya.

3. We offer list pricing in a fixed-price structure that varies slightly owing to discounts and promotions.

C. Distribution of duties to members of the group

1. BMC Infographic Update was tasked to Mr. Aranzado

2. Finalization of Answers was assigned to Ms. Isla

3. Summary of Learnings is to be done by Mr. Deboque

4. Minutes of the Meeting will be handled by Ms. Guiloreza

ADJOURNMENT: Meeting was adjourned at 9:00 PM by Ms. Gheorjette Isla

Prepared by:

Denise Guiloreza

Secretary

II. WHAT HAVE WE LEARNED?

This is the 5.2 version of our discussion. Today, we learned about the revenue stream of our business. For every entrepreneur, we must know how we will sustain our business, especially in terms of finances. How will we generate cash from our customer segments?

The financial need to sustain the business would come from our customers through a subscription fee to access the CE archives. For us to become innovative and to make our work easier, we used automated services. Through this technique, the jobs of workers were reduced because they didn’t need human interaction. In terms of payment methods, we prepared by using virtual wallets such as PAYPAL, GCASH, and PAYMAYA. We continuously offer discounts and other perks to our loyal customers and to those who have referrals.

At the end of the discussion, we’ve learned how we will make our business sustainable in the market. and make a profit from it. Entrepreneurship is not about making a profit; it's also about how to survive in the midst of competition.