Entrepreneurship Development: Business Objectives, Customer Value Proposition, Lean Business Model Canvas

ENTREPRENEURSHIP
DEVELOPMENT

Table of Contents
INTRODUCTION...........................................................................................................................4
Business objectives..........................................................................................................................4
Customer value proposition canvas.................................................................................................5
“Lean” Business Model Canvas......................................................................................................6
Detailed development plan..............................................................................................................9
The marketing plans....................................................................................................................9
The operational plan....................................................................................................................9
The technical solution and information technology plan..........................................................10
The human resource and organization plan...............................................................................11
Possible future developments or changes in direction...................................................................11
Summary........................................................................................................................................12
REFERENCES..............................................................................................................................14

INTRODUCTION
Entrepreneurship is undertaken as the ability in terms of Organizing, Developing and
running an organization considering Various uncertainty’s in terms of generating revenues.
besides this entrepreneur is explained as the individual who has the ability and desire to establish
an organization and achieve success within the startup venture considering the risk in order to
generate revenues. Entrepreneur are undertaken as the risk taker as they always come in market
with innovative idea with the help of innovative product (Chernopyatov and et. al., 2018). The
reason behind this is to achieve long term sustainability and generate effective revenues by
satisfying customers.
The report is based on the new business venture named as S H Flowers which is an online
florist and they also deal in various types of Flowers as in this individual place order to send
Flowers for their family friends and many more. Therefore, the respective business idea achieves
large number of customer base as in present time most of the people would like to express their
feeling through Flowers. Besides this the report tends to cover the prominent business idea and
its objectives. Along with this prominent report undertake the discussion regarding the customer
value proposition canvas and lean business model by Proper evaluation. Along with this the lean
business model canvas and detailed development plan is discussed for the further development
and changes considering the summary at the end of report.
Business objectives
Every business organization have some objectives which they need to accomplish with
another acquired period of time. In terms of S H Flowers, they also have some objectives that
undertake sales revenues, profit, profit margin and many more which are mentioned as below
Profit: Every company need to work for profit in which they try to make their customers
satisfied which is helpful in terms of generating suitable profitability. Along with this profit is
the lifeblood of an organization as the doubt this no company can survive with in the competitive
market (Leonidou and et. al., 2018). Therefore, profit should be earned considering the survival
of business growth and its expansion phone stop along with this for the first-year profit should be
remain at the breakeven which depict no profit no loss.
Sales revenues: It depicts the amount which is realized by the company from the sale of
products and services. It undertakes the two words that are helpful to interchange things at the
same time. This factor is helpful in defining the size of business and the concept classified under

two variations including net sales revenue and gross sales revenue. Sales revenue is prominently
reported for the standard period of time including quarter month nearby nonstandard intervals. In
terms of S H Flowers, the sales revenue will be off high and production cost is low their phone
the result is no profit and no loss for the company.
Profit margin: The profit margin is undertaken as the ratio for the profit of company which
is divided by its revenue (Uduji, Okolo‐Obasi and Asongu, 2019). Along with the profit margin
ratio make effective comparison for the profitability to sales and also represent that how well the
company prominently handle its finances. Along with this it leads to express the percentage for S
H Flowers as the profit margin will remain 10%.
Customer value proposition canvas
Value proposition Canvas is a technique that offer assistance to make sure that product and
services are properly positioned around the suitable values of customers and their requirements.
Moreover, this model prominently makes sure that there is a suitable fit within the product and
market. Besides this customer value proposition Canvas is prominent is related with customer
segment and value proposition (Gontareva and et. al., 2018). In other words, value proposition
Canvas can be utilized considering the requirement of refining existing production services by
offering something effective and developed from the scratch. In relation with S H Flowers value
proposition Canvas is mentioned as underneath: