Entrepreneurship Development: Enhancing Knowledge and Skills for Entrepreneurs

Entrepreneurship
Development

Table of Contents
INTRODUCTION...........................................................................................................................3
Lean Business model canvas...........................................................................................................7
C level specialist- CEO (Chief Executive Officer)........................................................................11
Financial and financing plan..........................................................................................................12
Summary........................................................................................................................................12
Conclusion.....................................................................................................................................13
REFERENCES..............................................................................................................................14
APPENDICES 1............................................................................................................................15
APPENDICES II............................................................................................................................16

INTRODUCTION
Entrepreneur refers to individuals who are liable for creating new business, bearing more
risks as well as enjoying the rewards from this. They are the one who are responsible for
organising, managing and assuming risks associated with enterprise or business. Entrepreneur is
looked as a source of bring in new ideas, services, goods, procedures and innovator who plays a
critical role within economy of country in which services are being delivered by making use of
initiative and skills which are important for anticipating needs by which new idea can be brought
within the market. Development denotes a term that is being used for improvising assets as well
as potentials by the usage of processes such as applications and learning. This comprises of
evolvement of capabilities of an individual within a systematised way. Entrepreneurship
development refers to process associated with improvisation of knowledge and skills that are
possessed by entrepreneurs by different classroom as well as training programs. The objective
behind this concept is to enhance the number of entrepreneurs. Basically, it implies the process
associated with enhancement of capacity for development, management and organisation of
business venture by taking into consideration risks associated with this.
This report is based on Digital restaurant Chop House which will be providing their
customers with a unique experience. Unlike other restaurants foods and beverages are sold by
them also but it is done in enhanced manner. Here, they have opted for the concept of digital
ordering and self checkout to customers. This simply means that customers can order their food
within the restaurant before their check-in. According to this, customers are here completely free
to order their food with the online medium which will ultimately save their ordering time
effectively within restaurant. Pre ordering within restaurant will provide customers with a unique
experience and will also eliminate certain factors such as time and issues with order accuracy.
This concept will provide completely new options to customers as they do not have to wait for
after the placement of order within the restaurant. This would be an effective innovation within
the industry in terms of digitalisation as it is unique and ensures ease as well as convenience for
the customers. This would provide aid to the venture in attaining competitive advantage within
the confines of United Kingdom. Apart from the innovative services provided by the restaurant,
the venture would also be focussing over the healthy lifestyle of people for which it will use
fresh and organic vegetables, purchased directly from the farmers. In relation to non vegetarian
food, the meat would be imported directly from Romania. Further, the menu of restaurant would

be based on the traditional cuisine of the city. The menu would also have the option to be
translated into other languages, which will attract the attention of tourists from different
locations.
Customer value proposition canvas
Customer Value Proposition Canvas is an effective business tool that is taken into use by
new ventures with a view to ensure that the products or services offered by the enterprise at
market place are extensively positioned around the needs as well as values of customers. This is
a model which provides aid to startup ventures to appeal to customers in a lucrative manner by
offering ware which posssess the capability to meet the demands of people. Chop House
Restaurant is a new venture which needs to ensure that the customers are able to fulfill their
demands by consuming the offerings offered by the entity. For this, it is imperative that the food
& beverage items as well as the unique services offered by restaurant are effectively placed
among potential buyers.
Looking upon this, the entrepreneur of Chop House restaurant has proposed to make use
of this model to effective position its restaurant offerings in the market and thereby establish a
positive as well as strong brand image among people.