solved Please respond to the two peers below: The Cost of

Please respond to the two peers below:
The Cost of an Effective Launch
Before you can bring a new idea to the market, you have to understand the costs associated with developing and launching your business. As we have learned from the case of Tio, there are many costs associated with a new concept.
Review the definitions below: 
KEY RESOURCES: Describes the most important assets required to make a business model work. 
KEY ACTIVITIES: Describes the tasks or milestones that need to be accomplished. Examples would be creating a website, developing a prototype product, purchasing or renting real estate and equipment, etc. 
COST STRUCTURE: Describes all the costs incurred to operate a business model. 
For your initial post, respond to the questions below:
Which Key Resources that you identified in the Week 4 Discussion are the most expensive?
Looking at your current plan for your business model, which Key Activities are most expensive? 
What is the one thing you will have to do to brand your product to your target market? 

1. Ahmed Gbadamosi 
RE: Week 5 Discussion
COLLAPSE

Dear Dr. B and colleagues,
The most expensive of the core resources is the platform software. The cost of software development can be very significant for a company whose core product is software-based – as it requires thousands of hours/days in software coding, testing, bug fixes amidst other phases within the software development lifecycle. There are three options to fund a software development project, including
fixed-rate model, which is less flexible for changing requirements
hourly-rate model, which supports flexibility but is challenging to estimate the total cost involved upfront and does not guarantee control over the software team
dedicated team model provides the highest flexibility and control over the team and software development and maintenance; hence most startups with sizable and complex software requirements opt for this option (1).
We will adopt the dedicated team model for our platform software development, and this will require significantly experienced hires across all software development disciplines.
Beyond leveraging the support of a venture capitalist or an angel investor to fund this, one can consider a partnership with an established software house, as suggested by Dr. B. last week.
Beyond funding for the software, the activities related to acquiring all relevant operating licenses and integration with banks and credit bureaus can be expensive and tough to navigate.
The plan is to establish a marketing and innovation department responsible for brand development through the platform, corporate website, online campaigns, and other relevant channels. The brand messaging will be bold on areas such as:
Helping the working population to build a fast, reliable, and all-inclusive credit ecosystem.

Our priority will be bringing innovative services that help simplify and remove stress from our customers’ financial life.
There will also be a significant focus on user experience for the platform with superb usability, top-notch graphics, and videos depicting happy customers amidst other possibilities.
References:

Stan Burenko. 2020. How Much Soes Software Development Cost?  https://www.uptech.team/blog/software-development-costs
2. David Bediako 
RE: Week 5 Discussion
COLLAPSE
Hello Dr. B and colleagues,

Which Key Resources that you identified in the Week 4 Discussion are the most expensive?

The key required resources include a mode of transportation (bus), Pop up tent, desks, and chairs with a mobile (chalk) board, Learning material (teaching programs such as Math and Reading), and staff salaries. Costs associated with marketing and accreditation will also be a major expense.  Besides the initial purchasing costs, there will be a budget for maintenance and staff development.
Looking at your current plan for your business model, which Key Activities are most expensive? 
The most expensive activities include the formation of the leading executive board, hiring educators, transporting the children, teaching the children, and feeding the children.  These activities must be coupled with maintaining the safety of everyone involved. 

What is the one thing you will have to do to brand your product to your target market? 

I must obtain and publicize professional endorsements to bolster trust from the local parents.  In addition, these endorsements will enrich the foundation’s relationship with the local educational institutions.   
As noted in this week’s lecture (1), the board may change as the organization matures, but I assert, it will need to begin with a knowledgeable board and guidance from Angel Investors to successfully position for scaling.  As described by Megan Totka (2), the gathering of necessary resources is essential, the recognition of those resources is critical.  The main idea that must be animated in both deployment and scaling is team inclusivity.  Kirsner (3) describes the point of failure occurring when great ideas are transferred for execution. For Our Everyday Strength Foundation (OESF), this must be kept at the forefront of organizational awareness.  We must exemplify the integrity and awareness we expect.