Original Compass project by Davisville LabsReviewed August 2026Goal real work, evidence, and reflectionEditorial standards →
Why this project matters
Learn by doing something real.
Analyze a business beyond its advertising to explain who pays, what drives costs, where power sits, and what could break the model. This project feels different from a school assignment because the student serves students, consumers, or aspiring entrepreneurs who use the company, creates something visible, tests it honestly, responds to feedback, and explains the decisions behind the final result.
What you will create
Your project plan
Use these deliverables as milestones for X-Ray a Business Model. Adapt the details to your interests, available time, and real-world opportunities.
01
Market and audience brief
Research customer segments, value proposition, revenue streams, cost structure, partners, distribution, competitive advantage, and vulnerabilities. Document the needs, constraints, credible sources, and perspectives of students, consumers, or aspiring entrepreneurs who use the company.
02
Business model and execution plan
Turn the evidence into a focused plan for the business model teardown, including success criteria, ethical boundaries, scope, and a realistic path to completion.
03
Working offer or operating system
Create the first complete version of the business model teardown. Include a business model map, evidence ledger, unit economics estimate, competitor comparison, risk scenarios, and strategic recommendation.
04
Customer test and decision log
present the teardown to informed reviewers and test whether they can challenge every major assumption with evidence Record what happened, what failed, what users or reviewers said, and which changes you made.
05
Final business case study
Publish the final business model teardown with a portfolio-ready case study showing the challenge, evidence, process, revisions, results, limits, and next version.
Make the work stronger
What separates a finished project from a meaningful one?
For X-Ray a Business Model, use these checkpoints to protect the quality of the work without turning the project into a performance for admissions.
Avoid this
Starting the business model teardown before understanding students, consumers, or aspiring entrepreneurs who use the company
Treating assumptions or internet opinions as real evidence
Choosing a scope too large to test and finish with care
Evidence that it is working
The audience and real problem are clearly defined
Research and evidence are documented
A working business model teardown was created
If you want to go further
Test the work with at least five additional people from students, consumers, or aspiring entrepreneurs who use the company
Interview a professional connected to Strategy and compare their advice with your approach
Skills you can build
Capabilities that travel beyond this project.
Business Model AnalysisCompetitive ResearchSystems ThinkingStrategic ThinkingProfessional Communication
College application value
Use the project as evidence, not decoration.
Can demonstrate initiative, curiosity, reflection, and growth through the student’s choices, response to setbacks, work with students, consumers, or aspiring entrepreneurs who use the company, and development of Business Model Analysis, Competitive Research, and Systems Thinking.
The goal of X-Ray a Business Model is not to manufacture an impressive activity. Do real work, keep evidence of the process, and reflect honestly on what changed.
Related college majors
Which fields connect to this work?
Use X-Ray a Business Model as a clue, then open a related major guide to compare coursework, career directions, reality checks, and other ways to test the field.
X-Ray a Business Model is an original Compass educational starting point designed around real work, visible evidence, feedback, and reflection. It is not an admissions guarantee.