Entrepreneurial Development: Enhancing Skills and Knowledge

ENTREPRENORIAL
DEVELOPMENT

Table of Contents
Table of Contents.............................................................................................................................2
INTRODUCTION...........................................................................................................................1
Value Proposition Canvas............................................................................................................2
Lean business canvas model........................................................................................................6
Specialist contribution.................................................................................................................9
Summary......................................................................................................................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
In present time, entrepreneurial development can effectively be considered as a process
that helps an entrepreneur to enhance or to improve the overall skills and knowledge. This is
specifically done through different range of programmes, which could be anything from
classroom sessions, seminars, training and so on. Over the years, change has been playing a
crucial for the business organisations that are performing at international level, and it has also
become vital for companies to develop new products or bring modification among existing ones
so that customer loyalty could effectively be improvised. In this report, Chop House which is a
whole new self checkout restaurant that is serving to customers in United Kingdom, which is
looking forward to deliver digital services to its customers. The main reason that came in front of
this is to reduce the workload from limited staff members.
This unique service, has helped company in offering with the best and fast food delivery
related services, as it is also enclosed with contactless payment and it has also helped in saving
the time of both employees and customers at the same time (Obschonka, and Stuetzer, 2017).
Away with this, report is also going to be enclosed with various topics in regards to the role of
CFO, which is directly linked with financial planning and it has also helped in attaining the
number of goals as well that the whole report is based on.
On the other hand, it is also said that CFO particularly defined as Chief Financial Officer
i.e. playing an important role within the company as he or she develops income statement along
with the analysis of different ratios like liquidity and so on. These aid in enhancing the profit
margins and growth as well of the company. Specifically, sales revenue profits, along with the
different range of profit margin of all the next three years that has been built by CFO is presented
underneath:
Cash Flow Budget :
Cash Flow budget Year
Particulars 2020 2021 2022
Cash inflows
Investment 80000
Credit sales 30000 100000 130000
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Total inflows 110000 100000 130000
Cash outflows
Fixed: Rent and electricity 50000 50000 50000
Variable : Direct material 30000 25000 20000
Total outflows 80000 75000 70000
Net cash flow 30000 25000 60000
Opening balance 0 30000 55000
closing balance 30000 55000 115000
Considering the above mentioned information, it can easily be said that different
elements like sale, the profits along with the growth are being considered as various elements
that would help in enhancing the knowledge in regards to how effectively all the elements in
regards to profits can be enhanced by Chop House.
Customer Value proposition Canvas, reflecting feedback from the formative assessment (500):
Value Proposition Canvas
In present time, value proposition canvas can be defined as an effective tool or an
approach, that helps in positioning the services and products in regards to requirements of both
customers and society. With the help of this, overall performance could effectively be
improvised in specified time frame (Slavec, Drnovšek, and Hisrich, 2017). Basically, this model
was propounded by Dr Alexander Osterwalder, who has made this pretty much sure that both
products along with the business market runs in an appropriate manner. On the other hand, if it is
talked about Chop House then this model could effectively be utilised by CFO. Canvas model is
been presented underneath:
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