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

Entrepreneurship
Development

Table of Contents
INTRODUCTION.....................................................................................................................................3
MAIN BODY.............................................................................................................................................3
Business objectives..................................................................................................................................3
Customer Value Proposition Canvas.......................................................................................................4
Lean Business Model Canvas..................................................................................................................5
Detail Development Plan.........................................................................................................................7
Possible future developments or changes in direction.............................................................................8
Summary: Why should someone provide finance to this Lean Start-Up..................................................9
CONCLUSION..........................................................................................................................................9
REFERENCES........................................................................................................................................10

INTRODUCTION
Entrepreneurship Development can be explained as the process of enhancing different sort of
skills and knowledge which can be helpful in conducting any sort of business activity. The most of the
successful people in the world are mainly focusing towards effective entrepreneur skills so that goals can
be accomplished. But the area where any of the entrepreneur needs to focus is on upon their decision-
making skills, thinking capabilities and specially skills and many more.
In context of the file, the new entity which has been chosen is Jacklyn Technology which will
work for delivering world class CCTV along with sensor. The main benefit of this particular technology
will allow to improve the night vision as well as it will allow to detect any of the metal equipment which
person carriers with them. In other words, the major benefit can be obtained by the commercial sector
where most of the cases take place which is related to any of the issue theft, misbehaviour with other staff
and many more. There are different topics which will be covered in this particular file which will be
related to the organizational plans and policies which they will use to introduce their business
organization in the market.
MAIN BODY
Business objectives
In this particular project, the report is being prepared on the basis of the CEO of a
company who always plays the most crucial role within the business entity. In context of the
Jacklyn Technology, it will be important for them to identify the objective of a company because
that will be the major part on which entity will work so that goals and target can be
accomplished. Talking about major objective of the company, they are planning to cover 40
percent of the commercial sector in London where they use CCTV camera as the essential
technology which they must place within the entity so that unwanted events can be controlled.
In upcoming three years company is planning to earn profit around £100000 in first year
where in second year they are willing to enhance this particular profit by 25% and in final year it
will be around 30 high as compared to second year. On the other side, for any of the
organisation, revenue section is also important because it allows the entity to attain goal and
target. In revenue, first year company is planning to generate revenue of around £217047 and in
second year it will be around £288473 and in final year it will come around £323719 (Leonidou

and et. al., 2018). Working on all of this particular area will certainly benefit entity like Jacklyn
Technology which is itself a new organisation in the market.
Customer Value Proposition Canvas
The value proposition canvas model can be explained as the business tool which is quite
effective in attaining the goals of a company. It is because it allows to understand the situation
and tries to identify whether organisation is able to perform as per the needs and requirement of
customers or not. It even expresses the point that why any of the customer should by the product
of company so that both entity and customers can be benefited. As per Part A where diagram was
prepared along with summary about the model, this will be mainly focused that what is the main
vision of the company and how they are planning each of the step. At the same time, it will be
also analysed that how customers can be benefitted which is the major focus of this particular
model.
In context of Jacklyn Technology, they are mapping the idea to improve the quality of
CCTV camera where still some of the problem are being seen during night time and related to
the protection services. In order to manage all of this services and needs, company is planning to
introduce CCTV camera which will have standard resolution which will be effective in night