Abstract:
Coconut is one of the most important economic crops which has been continuously increasing every year due to the growth of healthy beverages trend. This study focuses on establishing a business model of fresh coconut husk and shell removing machine for a new entrepreneur. In contrast of the traditional business plan, this study applies lean canvas and business model canvas in this early stage to seek the target customer and to determine any necessary perspectives of the business model. This study begins at defining the problem and true needs of the customer by using online questionnaire and then in-depth interview. As a result, a conceptual machine design is developed according the collected information. The conceptual design is published on social media, as a communication channel, in order to promote and get response from the target customers. Once the financial perspective, revenue streams and cost structure, is taken into account, the business model is validated with the same group of interviewed customers. It is found that there were some issues about the machine's functionalities and the procurement service need to be revised. A new business model is improved accordingly. The result of this study contributes an entrepreneur who is interested in developing a fresh coconut husk and shell removing machine in term of business feasibility, opportunity and risks before starting this business