Software Requirements Specification

For
Innovative Sphere

Version 1.0

Prepared by:
- Thattisetti. Priyanshu (2203031241316)
- Bangari. Geethika (2203031240136)
- Valiboina Sharmila JayaSri (2203031241370)
- Thammisetti. Usha Sree (2203031241304)
 Table of Contents
1. Introduction

1.1 Purpose
1.2 Document Conventions
1.3 Intended Audience and Reading Suggestions
1.4 Product Scope
1.5 References

2. Overall Description

2.1 Product Perspective

2.2 Product Functions
2.3 User Classes and Characteristics
2.4 Operating Environment
2.5 Design and Implementation Constraints
2.6 User Documentation
2.7 Assumptions and Dependencies

3. External Interface Requirements

3.1 User Interfaces

3.2 Hardware Interfaces
3.3 Software Interfaces
3.4 Communications Interfaces

4. System Features

4.1 Business Idea Generation

4.2 Business Renovation Support
4.3 Resource Sharing Database
4.4 Networking and Collaboration
4.5 Funding and Investment Opportunities
4.6 Business Performance Analytics

5. Other Nonfunctional Requirements

5.1 Performance Requirements

5.2 Safety Requirements
5.3 Security Requirements
 5.4 Software Quality Attributes
5.5 Business Rules

6. Diagrams and Models

6.1 Data Flow Diagram (DFD) Level 0 and Level 1 and Level 2
6.2 Class Diagram
6.3 Use case Diagram
6.4 Sequence Diagram
6.5 Activity Diagram

7. Other Requirements
7.1 Technical Architecture
7.2 Blockchain Integration
7.3 UI/UX Design
7.4 Business Strategy
7.5 Revenue Scheme
7.6 Long term Scaling

8. Appendices
8.1 Glossary
8.2 Analysis Models
8.3 To Be Determined List
1. Introduction

This document defines the software requirements for the Business

Setup and Growth Assistance Website. The system provides a platform
for users who wish to set up a new business, renovate an old business,
or find necessary resources to support their business ventures. The
platform will facilitate idea generation, provide expert guidance,
connect users with resource providers, and offer funding opportunities
to ensure business sustainability.

1.1 Purpose

The purpose of this report is to present the software requirements of the

Business Setup and Growth Assistance Website. The website will
facilitate entrepreneurs and business owners in the success of their
businesses by providing a variety of tools and resources. The system
will enable users to:
• Discover creative business ideas related to their interests and
industry trends.
• Revitalize and expand existing ventures with professional
guidance and strategic know-how.
• Partner with investors, mentors, and providers of resources to
gain access to funding and guidance.
• Have access to AI-driven recommendations for business plan
optimization and making them viable.

The final aim of this project is to create an end-to-end solution that

facilitates users to:
• Launch new ventures confidently.
• Revive and expand existing ventures.
• Build a strong professional network and access to resources.
• Make data-driven decisions with insights.
1.2 Document Conventions

The conventions listed below are applied in this document:

• Functional Requirements: Specify what the system has to do (e.g.,

features, user interactions).
• Non-Functional Requirements: Specify how the system has to
behave (e.g., performance, security, scalability).
• Prioritization: Requirements are marked as High, Medium, or
Low priority.
• Terminology:
➢ User: Business owners or entrepreneurs using the platform.
➢ Resource Provider: Refers to people or organizations that
provide resources (e.g., funding, mentorship).
➢ Admin: The administrative person operating the platform.

1.3 Target Audience and Read Recommendation

The following stakeholders are the target audience for this SRS with
respective reading suggestions so they could derive maximum value
from the SRS:

• Developers
Focus Areas:
(Functional Requirements): Get well-acquainted with the
functionality of the system, user behavior, and work process.
(Non-Functional Requirements): Research performance,
security, and scaling requirements.
(System Architecture): Investigate technical design, components
of the system, and guidelines for integration.
Purpose: To implement the system using the provided
requirements and design.

• Business Owners & Entrepreneurs

Focus Areas:
(Product Scope: Explore the ability of the platform and how it
can be used to meet their business needs.
 (Functional Requirements): Be aware of the functions that are
offered to them, i.e., idea generation for business, matching
resources, and networking.
(User Stories): Read real examples to discover how the platform
would be used in real life.
Objective: To determine if the platform will assist in furthering
their business goals and growth strategies.

• Investors & Resource Providers

Areas of Focus:
(Resource Management): Understand how resources (e.g., funds,
mentorship) are being structured and traded on the platform.
(User Stories): Browse use cases to see how they can interact
with entrepreneurs and drive business growth.
Objective: To assess investment prospects and how they can
collaborate with users on the platform.

• Project Managers & Testers

Areas of Focus:
(Non-Functional Requirements): Ensure that the system meets
performance, security, and usability requirements.
(Testing and Validation): Create and perform testing plans to
ensure system function and compliance.
Objective: To track project execution, ensure quality, and verify
that the system meets all specifications.

• Regulatory Authorities
Areas of Interest:
(Compliance Requirements): Evaluate the platform's compliance
with industry standards, data protection legislation (e.g., GDPR),
and regulations on financial transactions.
Objective: To ensure the platform's compliance with regulations
and laws.
1.4 Product Scope

The Business Setup and Growth Assistance Website is an all-inclusive

platform that will assist entrepreneurs and business owners at every
step of their process. The system will have the following features and
capabilities:

• Business Idea Generation:

➢ Provide personalized business ideas based on user interests,
business trends, and market demand.
➢ Give AI-powered insights to up-and-coming markets and
profitable niches.

• Business Revitalization:
➢ Assess running businesses and give sound plans for growth
and expansion.
➢ Offer budget planning, promotion, and process efficiency
solutions.

• Resource Database:
Have a central storehouse of business resources, including:
➢ Mentors and advisors.
➢ Investors and sources of funds.
➢ Tools and software used to operate a business.
Allow users to search, sort, and reach out to applicable resources.

• Networking and Collaboration:

➢ Allow networking between entrepreneurs, investors, and
business professionals.
➢ Offer collaboration forums, chat, and event calendars.

• AI-Driven Recommendations:
➢ Apply machine learning algorithms to market data and offer
actionable suggestions.
➢ Provide insights on customer behavior, competitor research,
and financial projections.
 • Funding Opportunities:
➢ Link the users with investors and crowdfunding websites.
➢ Offer tips on how to write business plans and pitch decks.

• User-Friendly Interface:
➢ Keep the platform easy to use and navigate.
➢ Offer dashboards and analytics to the users to monitor their
progress.

1.5 References
The following sources were consulted to find out the requirements and
extent of this project:
• Market Research Reports on Startup Trends:
➢ Business insights on prevailing market trends and upcoming
business prospects.
• Industry Reports on Business Growth & Development:
➢ Successful business growth and continuation strategies.
• Business Analytics and AI Integration Studies:
➢ Reports on the use of AI and data analytics in business
decision-making.
• Regulatory Guidelines:
➢ Data protection, consumer privacy, and regulatory
guidelines for financial transactions.

2. Overall Description

2.1 Product Perspective

The Business Setup and Growth Assistance Website is a web-based

application that will serve as a one-stop shop for entrepreneurs,
business owners, investors, and resource providers. The system will be
accessible via desktop and mobile web browsers , providing flexibility
and convenience to users.
Key Features:
• Centralized platform: One platform for business networking,
idea generation, resource sharing and investment facilitation.
 • Cloud-Based Architecture: the system will be deployed on a
scalable cloud infrastructure with high availability.
• All major browsers and devices: the site will work across all
major browsers (e. g. Chrome, Firefox, Edge, Safari) and devices
(desktop, tablet, mobile).
Integration:
• It will connect to third-party APIs for market data, funding
reports, and business analytics.
• AI-powered tools for personalized recommendations and insights

2.2 Product Functions

The platform will offer the following core functionalities:

• Business Idea Generation:
➢ Apply *AI algorithms* to industry trends, market demands
and user preferences.
➢ Provide personalized business ideas and startup opportunities.
➢ Allow users to save, share and edit their ideas.
• Business Renovation Support:
➢ Analytics tools* to measure the performance of existing
businesses
➢ Identify and recommend actionable financial, marketing and
operational strategies
➢ Include case studies and success stories for inspiration.
• Resource Database:
➢ Maintain a centralized repository of business-related
resources, including:
➢ Suppliers and vendors.
➢ Consultants and mentors.
➢ Tools and software for business management.
➢ Allow users to search, filter, and connect to relevant resources.
• Networking & Communication:
➢ Forums and discussion boards for collaboration and
knowledge sharing
➢ Include chat systems for real-time communication between
users.
 ➢ Offer expert consultation sessions for personalized
guidance.
• Business Funding & Investment:
➢ Access investors, venture capitalists, and crowdfunding
platforms.
➢ Provide guidance on preparing business plans, pitch decks
and financial projections
➢ Highlight grant opportunities and financial assistance
programs.
• Business Analytics:
➢ Provide performance tracking, market insights, and revenue
forecasting.
➢ Visual dashboards and reports to easily visualize data
➢ Set goals and see your progress over time.
• AI-Powered Recommendations:
➢ Train machine learning models on user data and market trends.
➢ Provide personalized recommendations for business growth
and optimization.
➢ Refresh recommendations over time based on user feedback
and new data

2.3 User Classes and Characteristics

The system will cater to the following user groups:

• Aspiring Entrepreneurs:
➢ Individuals looking to start a new business.
➢ Need access to business ideas, funding and guidance
• Small and Medium Enterprise (SME) Owners:
➢ Owners of existing businesses looking to expand or breathe
new life into their operations
➢ Need resources, networking opportunities, and strategic
insights.
• Investors and Resource Providers:
➢ People or organizations providing funding, mentorship, or
business tools.
➢ Interested in connecting with promising businesses and
entrepreneurs.
 • Consultants & Industry Experts:
➢ Professionals providing insights, training, and market analysis.
➢ Provide expertise to users to help them meet their business
objectives

• Regulatory Bodies:
➢ Organizations ensuring compliance with business laws and
standards.
➢ Provide guidelines and monitor adherence to regulations.

2.4 Operating Environment

The system will operate in the following environment:

• Web-Based Access:
➢ Works on most web browsers, including Chrome, Firefox,
Edge, and Safari.
➢ Responsive design for easy access on desktop, tablet and
*mobile devices*.
• Cloud-Based Backend:
➢ Scalable cloud infrastructure (e. g. AWS, Azure, Google
Cloud)
➢ Secure storage for user data and business resources
• AI Recommendation System:
➢ Personalized business advice and recommendations based
on integrated AI models
➢ Updated with latest data, offers more accuracy and
relevance.

2.5 Design and Implementation Constraints

The system will adhere to the following constraints:
• Secure Authentication:
➢ Implement multi-factor authentication (MFA) for user
accounts.
➢ Implement role-based access control (RBAC) for different
user classes
• Third-Party Integration:
 ➢ Connect to external data sources for market intelligence,
funding reports, and business analytics
➢ Ensure compatibility with APIs and data formats.
• Compliance:
➢ Adhere to *GDPR* and other data privacy regulations.
➢ Safeguard sensitive user and business data.

2.6 User Documentation

The system will provide the following documentation and support:

• Online FAQs and Help Guide: Comprehensive documentation
covering platform features and usage.
• Video Guides: Guides to analytics tools, funding and establishing
your business.
• AI Chatbot: Instant support for user queries and guidance.

2.7 Assumptions and Dependencies

The system design is based on the following assumptions and

dependencies:
• Internet Connectivity: Users must have access to internet to
access the platform.
• User Registration: To get full access to the platform features users
must be registered and authenticated.
• AI Model Updates: AI recommendation system will be updated
regularly to improve accuracy and relevance
• Third-Party Services: Third-party APIs for market data, funding
reports and analytics

3. External Interface Requirements

3.1 User Interfaces

The user-friendly, responsive and contemporary interface will provide
an intuitive and seamless experience for users. The interface will be
optimized for desktop and mobile devices, ensuring accessibility across
platforms.
Key Features of the User Interface:
• Responsive Design:
➢ It will scale to fit different screen sizes and resolutions, so
you’ll get a consistent experience on desktops, tablets, and
phones.
➢ Users will be able to access the platform from any device
without compromising functionality or usability.
• Simple Navigation:
➢ The website will have a simple navigation menu with sections
clearly marked.
➢ Users will be able to quickly access key features like business
ideas, resources, funding opportunities and analytics.
• Business Insights Dashboard:
➢ A centralized dashboard will allow users to see their business
performance including:
➢ Key performance indicators (KPIs) such as revenue, expenses
and customer acquisition
➢ Market trends and competitor analysis.
➢ Personalized recommendations for growth and optimization.
• Funding Recommendations:
➢ It will also include a dedicated funding opportunities section,
where users can:
➢ Browse available grants, loans, and investment options.
➢ Receive personalized recommendations based on their
business profile and needs.
• AI-Based Strategies:
➢ It will also include an AI-powered recommendation engine
that provides users with personalized growth strategies.
➢ Recommendations will be presented in a clear and concise
format, with clear actions and insights.
• Customizable Views:
➢ Users can also customize the dashboard and interface to focus
on the information and tools most relevant to them.
• Accessibility:
➢ The interface will conform to the Web Content Accessibility
Guidelines (WCAG) to ensure accessibility for users with
disabilities.
 ➢ They will also include support for screen readers, keyboard
navigation, and high contrast modes.

3.2 Hardware Interfaces

The platform will not require any special hardware and will be
compatible with standard devices and configurations, so that it will be
widely accessible.
• Key Hardware Requirements:
• Desktop and Laptop Computers:
➢ Compatible with Windows, macOS, and Linux operating
systems.
➢ Minimum screen resolution of 1024x768 pixels.
• Mobile Devices:
➢ Compatible with iOS and Android devices.
➢ Optimized for smartphones and tablets with varying screen
sizes.
• Internet Connectivity:
➢ Users will need to have an internet connection to access the
platform.
➢ Minimum recommended connection speed: 5 Mbps.

3.3 Software Interfaces

It will also integrate with software systems and tools to deliver a

seamless and enriched experience.
Key Software Interfaces:
• Database Management System: The platform will store data
securely in a database management system (DBMS) like MySQL,
PostgreSQL, or Firebase.
• The database will store:
➢ User profiles and preferences.
➢ Business ideas and resource details.
➢ Analytics data and AI-generated recommendations.
• Third-Party API Integration:
➢ It will also integrate with third-party APIs to add additional
functionality, including:
 ➢ Financial Data APIs Real-time market data, funding reports,
and investment opportunities.
➢ Mentorship Program APIs: To connect users to industry
experts and consultants.
➢ Funding Organization APIs Access to grants, loans and
crowdfunding platforms
• AI and Machine Learning Frameworks:
➢ It will use AI and machine learning frameworks (e. g.
TensorFlow, PyTorch) to power its recommendation engine
and analytics tools.
➢ The frameworks will help the platform deliver personalised
insights and recommendations based on user data.
• Content Management System (CMS):
➢ A CMS will be deployed to manage and update platform
content including:
➢ FAQs and help guide.
➢ Video tutorials and documentation.
➢ News and updates related to business trends and opportunities.

3.4 Communication Interfaces

The platform will include communication features to allow users,

resource providers, and experts to interact.
Key Communication Interfaces:
• Chat and Messaging System:
➢ A real-time chat system will let users talk to each other and to
mentors, investors, and consultants.
➢ Features will include:
➢ One-on-one messaging.
➢ Group chats for collaboration.
➢ File sharing for documents and resources.
• Email Notifications:
➢ Users will receive email notifications for important updates,
including.
➢ New funding opportunities.
➢ Responses to inquiries or messages.
➢ Alerts for business growth milestones and recommendations.
 • Business Growth Alerts:
➢ It will send push notifications or in-app alerts to let users
know:
➢ Changes in market trends.
➢ New resources or tools available.
➢ Updates to their personalized recommendations.
• Forums and Discussion Boards:
➢ The site will include forums and discussion boards so that
users can:
➢ Share experiences and insights.
➢ Ask questions and seek advice.
➢ Collaborate on business ideas and strategies.
• Video Conferencing Integration:
➢ Platform will be integrated with video conferencing tools (e. g.
Zoom, Microsoft Teams) to enable virtual meetings and
consultations between users and experts.

4. System Features

4.1 Business Idea Generation

The website will offer business idea generation via AI to guide users in
exploring innovative and realistic business ideas appropriate for their
area of interest, expertise, and market trends.
Key Features:
• AI-Powered Recommendations:
➢ Apply machine learning models to scan the user's preferred
interests, industrial trends, and market needs.
➢ Offer customized business ideas based on location,
investment, and business sector.
➢ Market Trend Analysis
➢ Integrate with third-party APIs to retrieve real-time
information on new markets, consumer trends, and competitor
research.
➢ Identify lucrative niches and unexploited opportunities.
 • Idea Refinement Tools:
➢ Enable users to narrow down and personalize generated ideas
based on parameters like target market, budget, and scalability.
➢ Offer feedback and recommendations for enhancing the
viability of ideas.
➢ Idea Sharing and Collaboration:
➢ Facilitate users to share business ideas with mentors, peers, or
potential investors.
➢ Enable collaboration via forums and discussion boards.
• Idea Validation:
➢ Offer tools to test the viability of business ideas, such as:
➢ Financial projections.
➢ Risk assessment.
➢ Market demand analysis.

4.2 Business Renovation Support

The site will provide strategic guidance and financial planning tools to
enable struggling businesses to revitalize and expand.
Key Features:
• Business Health Assessment:
➢ Offer tools to assess the financial health, operating efficiency,
and market standing of established businesses.
➢ Create detailed reports pointing out areas of improvement.
• Strategic Advice:
➢ Provide actionable strategies for:
➢ Financial planning and cost savings.
➢ Marketing and customer acquisition.
➢ Operational efficiency and process improvement.
➢ Case Studies and Best Practices:
➢ Add real-world examples and success stories to motivate and
educate users.
➢ Offer templates and frameworks for the implementation of best
practices.
 • Financial Planning Tools:
➢ Allow users to develop comprehensive financial plans,
including:
➢ Budgeting and expense tracking.
➢ Revenue forecasting and cash flow management.
➢ Break-even analysis and profit margins.
• Expert Consultation:

➢ Link users with industry experts and consultants for one-on-

one advice and guidance.

4.3 Resource Sharing Database

The platform will have a safe and complete repository of business-

related resources, allowing users to access and exchange tools, services,
and knowledge.
Major Features:
• Resource Listing:
➢ Let resource providers (e.g., mentors, investors, suppliers) list
their products on the platform.
➢ Provide elaborate descriptions, contact details, and user
reviews.
• Search and Filter:
➢ Let users search and filter resources according to criteria like:
➢ Industry.
➢ Location.
➢ Budget.
➢ Type of resource (e.g., funding, mentorship, tools).
• Secure Access:
➢ Apply role-based access control (RBAC) to restrict access to
sensitive resource information to authorized users only.
➢ Employ encryption and secure authentication techniques to
safeguard user information.
 • User Reviews and Ratings:
➢ Facilitate users to provide ratings and reviews for resources
based on their own experiences.
➢ Enable information on the quality and reliability of resources.
➢ Resource Recommendations:
➢ Employ AI techniques to suggest relevant resources depending
on user profiles and business requirements.

4.4 Networking and Collaboration

The site will enable user interaction and collaboration via diverse
communication tools and functionalities.
Key Features:
• Forums and Discussion Boards:
➢ Create spaces for the discussion of business challenges,
sharing insights, and seeking advice among users.
➢ Categorize discussions by themes like industry, business stage,
and location.
• Chat and Messaging System:
➢ Allow real-time communication among users, mentors, and
investors.
➢ Allow for one-on-one messaging, group chat, and file sharing.
➢ Expert Advice:
➢ Link users with industry experts for personalized consultations
and advice.
➢ Provide scheduled appointments or on-demand guidance.
• Event Calendars:
➢ Emphasize networking events, webinars, and workshops that
align with users' business interests.
➢ Enable users to register and attend events on the platform
directly.
➢ Collaboration Tools:
➢ Supply tools for collaborative projects, including shared
workspaces and task management.
4.5 Funding and Investment Opportunities

The platform will provide exposure to investors and financial

institutions where users can find funding for their entrepreneurial
ventures.
Key Features:
• Investor Matching:
➢ Apply AI algorithms to pair users with investors based on
business profiles and funding requirements.
➢ Offer in-depth profiles of investors, including investment
focus and historical investments.
• Crowdfunding Opportunities:
➢ Allow integration with crowdfunding sites to give users
exposure to alternative funding sources.
➢ Supply tips on the development of successful crowdfunding
campaigns.
• Grant and Loan Listings:
➢ Store a database of government and private grants, loans, and
financial aid programs.
➢ Offer eligibility criteria and application procedures.
• Pitch Deck Tools:
➢ Offer professional pitch deck and business plan creation
templates and tutorials.
➢ Provide criticism and advice to enhance pitch content.
• Funding Alerts:
➢ Inform users about latest funding opportunities specific to their
business profile and preferences.

4.6 Business Performance Analytics

Real-time tracking and analytics software would be provided on the

platform that enables users to monitor business performance and make
evidence-based decisions.
Key Features:
• Performance Dashboards:
➢ Offer visually rich dashboards presenting core KPIs including:
➢ Revenue and expenses.
 ➢ Customer capture and retention.
➢ Market share and competitor analysis.
• Market Trend Analysis:
➢ Utilize current data to give insights into market trends,
consumer behavior, and competitor activity.
➢ Pinpoint opportunities and threats based on market conditions.
• Revenue Forecasting:
➢ Allow users to generate financial forecasts and establish
growth targets.
➢ Offer scenario analysis and risk assessment tools.
• Custom Reports:
➢ Enable users to generate custom reports depending on their
needs and preferences.
➢ Export reports in a choice of formats (e.g., PDF, Excel).
• AI-Powered Insights:
➢ Apply machine learning algorithms to the business data to give
actionable insights.
➢ Provide suggestions for enhanced performance and goal
attainment.

5. Other Nonfunctional Requirements

5.1 Performance Requirements

The system must meet some performance requirements in order to

deliver a smooth and responsive user experience even under high loads.
Critical Performance Requirements:
• Concurrent Users:
➢ The system must be capable of supporting at least 10,000
concurrent users with no loss of performance.
➢ Scalability measures must be taken to handle potential
spikes in user traffic.
• Response Time:
➢ The system must achieve a response time of no longer than
2 seconds for any user interaction under normal load
conditions.
 ➢ For complex operations (e.g., AI-driven recommendations),
response time should be under 5 seconds.
• System Availability:
➢ The system must be available 99.9% of the time, with
minimal downtime for users.
➢ Scheduled maintenance sessions need to be communicated
to users in advance.
• Data Processing:
➢ The system must process and analyze large volumes of data
(e.g., market trends, user data) rapidly, with minimal lag in
generating insights and recommendations.
• Load Balancing:
➢ Implement load balancing mechanisms to distribute traffic
across servers and prevent overloading.

5.2 Safety Requirements

The system must incorporate safety mechanisms to protect user data

and ensure ongoing service.
Key Safety Requirements:
• Data Backup:
➢ Offer daily backup of all valuable data, including user
profiles, business data, and resource listings.
➢ Store backups in secure off-site locations to prevent data
loss in the event of hardware failure or disasters.
• Failover Mechanisms:
➢ Implement failover capabilities to ensure continuous
operation in the event of server or system failures.
➢ Use redundant servers and databases to minimize
downtime.
• Disaster Recovery:
➢ Develop a disaster recovery plan to restore system function
quickly in the event of major disruptions.
➢ Test the disaster recovery plan periodically to ensure its
efficacy.
 • Error Handling:
➢ The system shall gracefully handle errors, providing users
with friendly and informative error messages.
➢ Log all errors for debugging and system improvement.

5.3 Security Requirements

The system must adhere to stringent security demands to establish user

data protection and trust.
Essential Security Requirements:
• Authentication:
➢ Implement multi-factor authentication (MFA) on user
accounts for heightened security.
➢ Provide biometric authentication methods (e.g., fingerprint,
facial recognition) on supporting devices.
• Data Encryption:
➢ Implement end-to-end encryption to protect sensitive data
in transit and storage.
➢ Encrypt user credentials, financial data, and other sensitive
information using industry-standard encryption algorithms
(e.g., AES-256).
• Access Control:
➢ Implement role-based access control (RBAC) to restrict
access to sensitive information and functionality based on
user roles (e.g., user, resource provider, admin).
➢ Periodically review and renew access permissions.
• Security Audits:
➢ Conduct regular security audits to identify and fix
vulnerabilities.
➢ Conduct penetration testing to ensure the system is robust
against attacks.
• Compliance:
➢ Adhere to GDPR, CCPA, and other data protection
regulations.
➢ Provide users with transparency into data collection and use
practices.
5.4 Software Quality Attributes

The system must exhibit high-quality software attributes in order to be

usable over the long haul, maintainable, and scalable.
Key Quality Attributes:
• Maintainability:
➢ Use modular code architecture to enable easy updates, bug
fixing, and incorporation of new features.
➢ Follow coding best practices and ensure complete
documentation of all modules.
• Usability:
➢ Design an intuitive and user-friendly interface that requires
minimal training for new users.
➢ Conduct usability testing to identify and repair pain points
in the user experience.
• Scalability:
➢ Implement a cloud-based infrastructure so that the system
scales automatically with increased user demand.
➢ Implement auto-scaling to dynamically allocate resources
based on traffic.
• Reliability:
➢ Ensure the system operates consistently without crashes or
unpredictable behavior.
➢ Monitor system performance and troubleshoot in advance.
• Portability:
➢ Ensure the system is compatible with different platforms
(e.g., Windows, macOS, iOS, Android) and browsers (e.g.,
Chrome, Firefox, Safari).

5.5 Business Rules

The system must enforce some business rules for maintaining fairness,
transparency, and compliance.
Key Business Rules:
• User Verification:
➢ Users must provide verified business credentials (e.g.,
business registration certificates) to access investment
opportunities and funding schemes.
➢ Resource providers must undergo a verification process
before listing their services on the platform.
• Investor and Mentor Verification:
➢ Investors and mentors must provide proof of credentials
(e.g., licenses, certifications) and a background check
before offering assistance.
➢ Only vetted investors and mentors can participate in
funding or mentorship programs.
• Financial Transparency:
➢ Funded companies must adhere to platform rules on
financial transparency, including:
• Regular financial reporting.
➢ Disclosure of fund use.
➢ Compliance with statutory and regulatory requirements.
• Compliance of Resource Providers:
➢ Resource providers must meet the platform's terms and
conditions before listing their services.
➢ Any violation of platform rules (e.g., fraud) will be met with
immediate suspension or termination.
• User Accountability:
➢ Users are responsible for the accuracy of the information
they provide on the site.
➢ Fraud or misrepresentation will result in account
deactivation and prosecution according to the law.
6. Diagrams and Models

6.1 DFD (Data flow diagram)

It is great way to visualize how data moves through a system.
• Level 0 DFD (Context Diagram)

Description:
➢ External Entities:
User: Entrepreneurs or business owners.
Resource Provider: Individuals or organizations providing
resources.
Admin: Manages the website.
➢ Process:
Business Resource Website (central process).
➢ Data Flows:
 User → Business Resource Website: Registration, Business Idea
Request, Resource Request
Business Resource Website → User: Business Ideas, Resource
Recommendations, Updates
Resource Provider → Business Resource Website: Resource
Details, Updates
Business Resource Website → Resource Provider: Resource
Requests, Notifications
Admin → Business Resource Website: Content Updates, User
Management
Business Resource Website → Admin: Reports, Feedback
• Level 1 DFD
 • Level 2 DFD

User registration and Resource matcher

authentication process
Business idea generator Admin Dashboard
6.2 Class Diagram

6.3 Use case Diagram

6.4 Sequence Diagram

6.5 Activity Diagram

7. Other Requirements

7.1 Technical Architecture

• Your platform will require a scalable and solid architecture to

support users, resources, and features like blockchain and AI
models.
• Tech Stack Recommendations
• Frontend: React (with Vite for quick builds), Next.js (for SEO),
or Vue.js
• Backend: Node.js with Express, NestJS, or Django/FastAPI
Database: PostgreSQL (relational) or MongoDB (NoSQL for
flexibility)
• Hosting: AWS, Vercel (for frontend), or Firebase (for scalability)
• Authentication: OAuth (Google, LinkedIn), JWT, or Web3 login
(if blockchain is heavily integrated)
• Payment Integration: Stripe, PayPal, or crypto payments

7.2 Blockchain Integration

• Use Case: Smart contracts for resource access, token-based

incentives, or decentralized identity verification
• Tech: Ethereum (Solidity), Polygon (for lower fees), Hyperledger
(private blockchain)
• Storage: IPFS or Arweave for decentralized resource storage
• AI-Based Predictive Models

• Use Case: Business success prediction, market trend analysis,

user recommendation system
• Tech: TensorFlow, PyTorch, or OpenAI API for AI-powered
insights
• Data Pipeline: Gather and preprocess data with Pandas, Scikit-
learn, or Apache Kafka for real-time analysis
7.3 UI/UX Design

• Your platform must be user-friendly and visually pleasing to

engage users.
• User Personas
• Aspiring Entrepreneurs → Need step-by-step instructions,
business plan templates
• Existing Business Owners → Need tools for business makeover,
funding prospects
• Investors & Mentors → Want access to startup pitches, possible
business partnerships
Key UI/UX Features
• Homepage: Simple, clean design with a prominent CTA (e.g.,
"Start Your Business Today")
• Dashboard: Customized insights, progress tracking, and AI-based
recommendations
• Resource Library: Organized business guides, funding sources,
legal templates
• Community Section: Forums, mentorship connections, investor
matchmaking
• Mobile Optimization: Responsive design for desktop and mobile
users
• Tools: Figma (for design), Tailwind CSS (for styling), Material
UI/Ant Design (for components)

7.4 Business Strategy

• A clearly defined strategy will guarantee long-term growth and

monetization.
• User Acquisition & Growth
• SEO & Content Marketing: Blogs, startup success stories,
business guides
• Partnerships: Partner with incubators, VC firms, and business
coaches
• Social Media & Ads: Targeted campaigns on LinkedIn,
Instagram, and Twitter
7.5 Revenue Streams

• Freemium Model: Free basic resources, paid premium features

(AI analytics, mentorship)
• Subscription Plans: Monthly/annual plans for exclusive business
insights
• Transaction Fees: Commission on funding raised through the
platform
• Ad-Based Revenue: Partner with business service providers
(legal, marketing, finance)

7.6 Long-Term Scaling

• Encompassing Web3: Community-orientated DAO-based

decision-making for business backing
• AI-Uplifted Services: Personalized business coaching using AI-
powered chatbots
• Expansion in International Markets: Have the capability of
supporting various languages and local laws for doing business

8.Appendices

8.1 Glossary

A list of key terms used in the project:

• GDPR – General Data Protection Regulation A new European
data protection law designed to ensure user privacy and data
security
• Blockchain: Decentralized and secure, digital ledger technology
for transactions and smart contracts.
• AI-Based Predictive Models Machine learning models that
analyze data to predict business success, trends and risks.
• Smart contracts: predefined rules - stored on the blockchain - self-
executing
 • Freemium Model: Offers basic service for free and charges for
premium features.
• MVP Minimum viable product - The first release of a product
with enough features to satisfy early adopters and gather
feedback.

8.2 Analysis Models

• These models will help us estimate business potential, user

behavior, and market trends:
• Business Viability Model - Evaluates a business based on
financial projections, market analysis and risk factors.
• User Engagement Model: Monitors user behaviour to improve
UX and retention
• Investment Readiness Model - Scores startups on financials, team
experience and market positioning.
• Market Demand Prediction: Analyze trends and customer needs
to predict the next best business idea

8.3 To Be Determined List

• Items that require further discussion and refinement:

• Final Tech Stack Decision: Will depend on scalability, cost and
developer preference
• Monetization Model: Needs validation through market research
and competitor analysis.
• Blockchain use case scope: focus on tokenization, smart
contracts, or decentralized identity?
• GDPR Compliance Strategy: Define how you store and process
user data and identify all third party integrations.