The Lessee Nextdoor: A Start-up for Solving Rental Problems in the UK

Creating Your Business
The Lessee Nextdoor
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Contents
Introduction:............................................................................................................................................................................................................................................................................................................................................................... 3
1. Original business concept:..................................................................................................................................................................................................................................................................................................................................... 4
2. Peer group reflection:............................................................................................................................................................................................................................................................................................................................................. 8
3. Concept improvement Reiteration:......................................................................................................................................................................................................................................................................................................................... 9
Conclusion:.............................................................................................................................................................................................................................................................................................................................................................. 12
References:.............................................................................................................................................................................................................................................................................................................................................................. 13
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Introduction:
It is vital to understand that the unique ideas of business can be converted into mass ventures which could lead to tremendous profits for the young entrepreneurs. The report will be addressing the business idea and the
way in which it could be developed in the terms of a Start-up. The Business Model Canvas has also been developed in the assignment and the peer group reflection has also been provided in the task where feedbacks
were collected from the peer group and improvement were made in the Business Canvas Model.
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1. Original business concept:
Business summary:
As an entrepreneur, I would be developing my unique idea of solving the concerns regarding the rental problems generating in the UK. The increasing number of rental problems have been influencing the present
political as well as the economic problems, it is certainly hard to find a good neighbourhood. To deal with the situation the start-up will be developed where the landlords will be able to interact with the tenants and
there will be plenty of other services and facilities which will ease the situation of getting a decent neighbourhood. The name of the start-up would be The Lessee Nextdoor.
Title: The Lessee Nextdoor
Key Partners:
Tenants
Landlords
Frequent travellers
Individuals willing to purchase
property
Individuals looking for home
services
Localities
Key activities:
Providing rent facilities
Providing reviews to tenants
Providing reviews to Landlords
Providing Home services
Finding decent neighbourhood
Finding homes at cheaper rates
Value propositions:
Inbound content
Management of platforms
Marketing
Customer feedbacks
Customer service
Assisting in finding perfect neighbourhood in
terms of reviews on the app
Providing facilities such as cook, maid, driver, etc.
Assisting in finding a home at the required
location.
Assisting in finding a home at the required budget.
Assisting the tenants in knowing about landlords
as per reviews on the app by past tenants
Assisting the landlords in knowing about tenants
as per reviews on the app by past landlords
Customer relationships:
Mass customized
Travel agents
Professional
Client management
Co-ordinating with the individuals
who are not able to find homes in
required areas
Eradicating the problem of vacant
properties and people in need of
accommodation
Customer segment:
Causal travellers
High-end travellers
People shifting from one place to
another
Students
Job workers
Individuals seeking cheaper
accommodation options
Individuals looking for home facilities
such as of driver, cook, maid and so on.
Key resources:
Websites
Localities
House agents
Lessor’s
Lessee’s
Key channels:
Television
Social media
Radio
Apps
Websites
Affiliates
Hoardings
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