AIIKEY: An Entrepreneurial Venture Report on Financial Strategies

This report analyzes the entrepreneurial idea of AIIKEY, a product and service based on artificial intelligence designed to minimize stress and improve sleep through transcranial magnetic stimulation. The report, presented from the perspective of the Chief Financial Officer (CFO), details the customer value proposition, lean business canvas, and business model canvas. It includes a comprehensive financial plan, addressing investment needs, cost structures, and revenue streams. The report assesses customer segments, distribution channels, and marketing strategies. The document also explores the roles of key partners, key activities, and key resources essential for the venture's success, aiming to provide a detailed overview of the AIIKEY venture and its financial and strategic considerations. The report also highlights the revenue streams and cost structures associated with the venture and includes a summary that emphasizes the importance of financial planning and effective business modeling for attracting investment and ensuring the venture's profitability. Finally, the report is designed to aid in enhancing sales, profitability, and attracting investors for the venture.

Entrepreneurship
Development
1

Contents
INTRODUCTION.......................................................................................................................................3
VALUE PROPOSITION CANVAS............................................................................................................4
Customer Value Proposition Canvas.......................................................................................................4
LEAN BUSINESS CANVAS.....................................................................................................................5
Business canvas model............................................................................................................................5
C LEVEL SPEICALIST..............................................................................................................................9
Customer engagement plan and CMO marketing strategy.......................................................................9
FINANCIAL AND FINANCING PLAN..................................................................................................10
Financing plan.......................................................................................................................................10
SUMMARY..............................................................................................................................................11
Why should investors invest in venture.................................................................................................11
REFRENCES............................................................................................................................................12
APPENDIX...............................................................................................................................................13
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INTRODUCTION
Entreprenurship development is considered as a process which enhances the skills and
knowledge of entrepreneur through several classroom as well as training programs. The main
reason for developing entrepreneurship is to enhance numbers of entrepreneurs around the world
who have innovative ideas to attract and retain customers (Abhyankar, 2014). For becoming a
successful entrepreneur an individual need to have unique as well as innovative as that will help
them in getting competitive advantage at them marketplace. The respective report is based on an
entrepreneurial idea of four team members i.e. AIIKEY which is a product and service based on
artificial intelligence help people in minimizing their stress while sleeping. In this transcranial
magnetic stimulation is fixed which help in continuous monitorisation. This innovation attracts
customers and help in gaining monopoly at the marketplace.
In this report I am performing role of CFO (Chief Financial Officer), who generally
monitor as well as manage all the financial activities at venture. They are also considered as the
head of finance as well as accounting department and their main responsibility is to manage
finance and risk operations of business unit. At the entrepreneurial venture there chief financial
officer plays several roles related to financial functions such as treasury, audit, controlling,
financial planning, budget making and many other activities. Along with this, respective person
also provide supervision to their subordinates so that they perform financial planning and other
related activities in effective manner.
There are objective which are related to profitability of AIIKEY, the estimated sales of
respective product and services at the initial is nearby 50000 units which help in generating
profit of 12000. Along with this, total cost which is incurred in the whole process of developing
of product and services is 38000. The main reason of conducting this report is to evaluate
strategies for enhancing sales of AIIKEY so that company can attaining high profitability ratio at
the marketplace (Ács, Szerb and Autio, 2017). The main aim of conducting this report is to cover
information related to value proposition which help in satisfying requirement of clients and it
will also include lean business canvas as well as role of CFO. Moreover, report will also include
financial and financial plan related to company and product as well as it will also include
summary for the entrepreneurial development practices in effective manner.
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VALUE PROPOSITION CANVAS
Customer Value Proposition Canvas
It is considered as a procedure of marketing segment which focuses on the particular
targeted group of customers. It is also considered as the milestone in order to provide effective
products and service by fulfilling need and requirements of clients in successful manner
(Afolabi, 2015). Through this some advantage can be gain such as customers give their
measurement and then accordingly employees need to develop product and services accordingly,
this will help in maintaining business effectively. It is necessary because it is essential to identify
potential customer and their requirement because through that products and service design can be
done properly. Customer value proposition canvas is consisting of three elements of two aspects
which are mentioned below in respect of AIIKEY:-
Right side of canvas showcase customer profile or value proportion which is divided into
three factors i.e. gains, customer job and pain as well as these all aspects are considered while
designing and development of AIIKEY. Gain which are gain by potential customers through
respective product and services are their sleep get improved because their feel less stressed and
more relaxed (Chowdhury, 2017). Along with this it will also lead to enhancement in the life
quality of customers as they think more clear, feel high motivated, enhance performance,
increase chance of success as well as it also lead to development of socialization or inter relation.
AIIKEY also provide insurance of their product and services which leads to safe investment.
Second aspect is pain which customer may faced while using AIIKEY such as customer hair
style may get disturb, face little bit discomfort at morning after removing product, one used by
one person as well as respective concept is not much spread which lead to skepticism. Third
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aspect of this section is customer jobs according to which customer need to check proper
notification, they need to go through questionnaire for get more accurate result, ask for help
category for resolving problems and many more.
In addition to this left side of canvas describe about value proportion which is also
divided into three aspects i.e. product and services, gain creators and pain relievers, by
considering all these aspect AIIKEY conducts its work effectively. Here products and services of
AIIKEY is bifurcated into four elements i.e. physical products that is used by customers, web
site which is extra techniques used for self development and promotions of other or partners
(Daszkiewicz, 2014). Third element is application which includes monitoring and registering for
the improvement that how a person is feeling now and fourth element is hot line that related to
the technical support to resolve issues. Second aspect is gain creators that consist of no or less
efforts and time while using respective products, it also didn’t have any side effect as well as it
lead to high level of professional services in order to maximize quality of customer’s sleep.
Furthermore, third aspect if related to pain relievers which benefits of AIIKE to customers by
resolving their problems such as getting tired easily, stress and anxiety feeling, low work
performance, lack of imagination and many other issues.
LEAN BUSINESS CANVAS
Business canvas model
Business canvas model is considered as technique which is used by a company in order to
differentiate different elements related to the business. The main reason of developing this is to
aware all stakeholders (both internal and external) about the idea of business and what are the
key areas of business. Through Business canvas model management able to attract wide numbers
of investors towards the new idea or venture. In this it is essential for management to make sure
that all important information of business are mentioned in detailed form as that will increase
possibility of acquiring funds from the investors for enhancing business (Ferdousi, 2015). In
respect of AIIKEY, it is new business idea which help people to sleep properly and for that their
management develop business model canvas so that they can attract more investors. Through
business model they able to provide all detailed information about the AIIKEY to investors as
well as it will also in encouraging them so that they can show some interest in idea by providing
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funds. There are mainly nine elements of business model canvas which are mentioned below in
respect of AIIKEY:-
Key partners
 Healthca
re
industry
 Scientist
 Industrie
s whose
staffs
have
stress
issues
such as
local and
national
governm
ent,
marketin
g and
media,
financial
service,
legal
service
and so
on.
Key activities
 Development
of products
 Sales
promotion
activities
(events,
products
awareness)
 Content
development
and research
 Mobile
application
development
Value
proposition
 Enhance
sleep
 Improve
ment in
life
quality
by
getting
relaxes
success,
clear
thinking
and
improvin
g
immune
system.
 Reduce
anxiety,
aggressiv
ely and
stress.
Customer
relationship
 High
quality
technical
support
and
assurance
 Co
developm
ent
 Curation
communit
y
Customer
segment
 People,
who are
dealing
with
insomn
ia, lack
of
concent
ration,
headac
he,
stress
and so
on.
 Age –
greater
than 5
years.
Key resources
 Evaluation,
authorization
and
certification
of content
 Financial
resource-
loan, sales
and
investment
 Human
resource-
website
developer,
intelligence
Distribution
channel
 Online
medium
through
taking
order by
live chat
 Applicatio
n
notificatio
n related
to activity
of brain
during
sleep time
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development,
technical
expert,
scientific
expertise
Cost structure
 The investment is nearby £ 5.000.000 at
the initial stage that will include cost of
studies, app development, website
employees, market research, marketing
staffs and rent.
 After releasing of products there will be
dealing costs for gathering data and
monitoring its result, customer services
and technological development.
Revenue stream
 Selling of product
 Conducting events
 Monthly fee on premium
 Association charges
 Individual support fees
Key partners: It refers to the individuals who generally take part in the decision making
process of business. These are important peoples for the firm because they are highly focused
and give their best for attaining desire goal of company as well as they also ensure growth of
firm (Gwija, Chuks and Iwu, 2014). In respect of AIIKE their key partners are healthcare
industry, scientist and industries whose employees are going through stressful situations such as
local and national government, marketing and media, financial service, legal service and many
more.
Key activities: It refers to the activities which are conducted by a company in order to attain
their goal as well as objective in effective manner. It is also essential for the formulation of
effective strategies. In respect of AIIKE, their key activities are development of product and
service which reduce stress of people so that they sleep properly.
Key resources: It refers to resources or material which is essential to conduct business
operations and functions in effective as well as appropriate manner so that company can attain
their goal (Hoque, Mamun and Mamun, 2014). In respect of AIIKE their key resources are
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human resource, financial resource and information or content. Through all these resource
AIIKE can attract customer and attain their desire goal.
Value proposition: It is considered as one of the main element which is necessary to
determine by new venture at the time of decision making process. In respect of AIIKE, their
value propositions which they considered wide developing products are sleep improvement of
customers and life quality of customers (Hussain, Bhuiyan and Bakar, 2014). Company develop
products in order to minimize stress, anxiety and aggressively of customers.
Customer relationship: It refers to activities which are conducted by a company in order to
attract as well as develop proper relationship with customers for attaining desire goal of
company. In respect of AIIKE, they conduct several activities for maintaining customer
relationship such as ensures high quality; provide technical support, co development activities
and many more.
Distribution channels: It refers to distribution channels which are adopted by a company in
order to deliver their products and services in effective manner to the potential customers for
attaining desire goal and objectives (Imafidon, 2014). In respect of AIIKE, distribution channels
are online sites and applications.
Customer segment: It refers to the specific section of customers to which company is
focusing and for them they develop proper products and services so that their desire goal can be
attain. In respect of AIIKE, their customers segment are people who are facing stress, anxiety,
aggressiveness, sleeping issues and many more. These customers segment are generally more
than 5 year in age.
Cost structure: It refers to financial factors through which a company able to conduct their
works in effective as well as appropriate manner (Kolawole and Ajila, 2015). In respect of
AIIKE their cost structure are generally based on several activities such as market research,
application development, studies production, employees, technology development and many
more.
Revenue stream: It refers to areas through which a company able to generate profit by
attaining their desire goal and objectives (Nguyen, Sullivan Mort and D'Souza, 2015). In respect
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of AIIKE, their revenue generation areas are product sale, event conduction, monthly fee on
premium, individual support fee and many more.
For the management of AIIKE it is essential to adopt and conduct their business
operations and function according to above mentioned points because that will help them in
attaining their desire goal as well as objective successfully. Moreover, it will also help in
attracting more and more customers towards the products.
C LEVEL SPEICALIST
Customer engagement plan and CMO marketing strategy
Customer engagement plan is considered as process through which a company can
effectively encourage their customers to interact as well as share their experiences in order to
create brand awareness as well as it will also help in encouraging brand value. Through effective
customer engagement plan an organization able to foster their brand growth as well as loyalty
which help in gaining competitive advantage at the potential marketplace. For conducting
appropriate customer engagement plan it is essential for company management to adopt different
as well as attractive advertisement and promotional technique because through that they able to
attract huge numbers of customers (Obaji and Olugu, 2014). This will also help them in
enhancing business operations as well as functions at the potential marketplace in the effective
way. In order to conduct or develop effective customer’s engagement plan CMO (Chief
Marketing Officer) plays a major role because they handle responsibilities related to the several
marketing activities such as advertisement, promotion, brand awareness, distribution strategies
and many more. Along with this, CMO also help in smooth functioning of business operations
and functions by increasing brand value at the marketplace. They also report about activities to
the chief executive officer on the daily basis because their responsibility is to handle different
business operations related to the marketing. In addition to this it also help them in developing
pricing policy according to targeted customers so that more sales can be done as that will help in
enhancing profit margin of company. A CMO of AIIKEY which provide relax and proper sleep
to their potential customer will develop a proper and clear vision or goal related to product and
service. In respect of this, their main aim is to provide timely delivery of products to potential
customer in order to satisfy them by improve their sleep (Sharma, 2016). The main treat of CMO
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is to be calm and patience so that they can handle each and every problem in effective as well as
successful manner. In respect for conducting marketing of product and services i.e. AIIKEY,
entrepreneurial business must adopt new as well as advance technology because it will help in
attract more and more customers for domestic, national and international level. Moreover in
respect of this, company or business may also adopt several social media platform such as
instagram, facebook, linkedin and many more because through it they able to market their
products in front of huge audiences. This will also help company in attracting huge numbers of
customers from the different parts of nation and world which directly leads to increase in sales as
well as profitability ratio (Valentina and et. al., 2015). For this the main resource which required
is huge ratio of investment that will include raw materials, different equipments, land and
building and many others. Moreover for the distribution of AIIKEY, business unit must adopt
online application and website as that will help in reaching customers effectively. In this the
main aspect which needs to be considered by management of AIIKEY is cost structure, budget
and investment so that work will conducted properly for attaining desire goal of company. It is
so because funds are required for the development of AIIKEY as well as for conducting its
marketing funds is needed so they can access customers around the world. In addition to this
while developing decision related to AIIKEY it is essential for their management to consist
owner, delivery men, suppliers, investors, creditors and many more. They also need to focus on
the optimum utilization of resources as that will help in reducing waste as well as it also ensure
accomplishment of work in proper allotted time.
FINANCIAL AND FINANCING PLAN
Financing plan
Financial plan is considered as comprehensive statement of a person or company’s long
term objective which relate to their security, well being, detailed saving as well as investment
strategies. Respective plan can be developed independently or along with the help of a specific
financial planner. In respect of an organization by conducting effective financial planning they
able to manage their finance properly as well as it will also help them in conducting planning of
related activities properly (Nguyen, Sullivan Mort and D'Souza, 2015). In respect of AIIKEY,
this is considered as product and services which help a person in getting high quality sleep
without nay types of stress, anxiety and aggressiveness. Through this a person’s leaving as well
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as work quality get enhanced which help them in attaining their desire goal successfully. They
conduct financial planning which so that they can estimate their sales, profitability and total cost
in the whole process. According to financial planning which is given in the appendix estimated
sales will be of 50000 unites which include total cost of 38000. Along with this estimated or
approximately profit is 12000 that respective company may get by selling AIIKEY in their initial
year.
SUMMARY
Why should investors invest in venture
The new business concept of team is to develop a products and service named AIIKEY
which is artificial intelligence which minimize or reduce stress of people while they are sleeping.
By this they generally feel relax and help them in sleeping properly and effectively. Along with
this respective products and services also have unique which provide them effective lean
business opportunity that helps in gaining higher returns to stakeholders. The idea of AIIKEY is
attractive and unique which them members in attracting more and more customers as well as
investors which help them in gaining competitive advantage at the marketplace through high
investment. In addition to the idea of AIIKEY is very new as well as useful in today’s time
which help business unit members in attracting huge investors for the idea as well as it will also
help in conducting business effectively. AIIKEY business concept is well defined and structured
business model which help investors in gaining high profitability even at the initial stage
according to appendix. These are some of the main consideration which is considered by
investors while investing in the business idea of AIIKEY as well as it will also encourage them
to invest in business.
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REFRENCES
Books and Journals
Abhyankar, R., 2014. The government of India's role in promoting innovation through policy
initiatives for entrepreneurship development. Technology Innovation Management
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Ács, Z. J., Szerb, L. and Autio, E., 2017. Global entrepreneurship and development index 2011.
Springer International Publishing.
Afolabi, A., 2015. The effect of entrepreneurship on economy growth and development in
Nigeria. The Effect of Entrepreneurship on Economy Growth and Development in
Nigeria. 3(2). pp.1-17.
Chowdhury, F. N., 2017. A study of entrepreneurship development in Bangladesh: Pros and
cons. Journal of Asian Scientific Research. 7(1). p.1.
Daszkiewicz, N., 2014. Education as a stimulating factor for entrepreneurship
development. Horyzonty Wychowania. 13(26). pp.165-177.
Ferdousi, F., 2015. Impact of microfinance on sustainable entrepreneurship
development. Development Studies Research. 2(1). pp.51-63.
Gwija, S. A., Chuks, E.E. and Iwu, C. G., 2014. Challenges and prospects of youth
entrepreneurship development in a designated community in the Western Cape, South
Africa.
Hoque, N., Mamun, A. and Mamun, A. M. A., 2014. Dynamics and traits of entrepreneurship: an
Islamic approach. World Journal of Entrepreneurship, Management and Sustainable
Development.
Hussain, M. D., Bhuiyan, A. B. and Bakar, R., 2014. Entrepreneurship development and poverty
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Imafidon, K., 2014. Entrepreneurship development for sustaining economic growth in third
world nations. Journal of Emerging Trends in Economics and Management
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Kolawole, O. D. and Ajila, K., 2015. Driving local community transformation through
participatory rural entrepreneurship development. World Journal of Entrepreneurship,
Management and Sustainable Development.
Nguyen, Q. A., Sullivan Mort, G. and D'Souza, C., 2015. Vietnam in transition: SMEs and the
necessitating environment for entrepreneurship development. Entrepreneurship &
Regional Development. 27(3-4). pp.154-180.
Obaji, N. O. and Olugu, M. U., 2014. The role of government policy in entrepreneurship
development. Science Journal of Business and Management. 2(4). pp.109-115.
Sharma, S., 2016. Entrepreneurship Development. PHI Learning Pvt. Ltd..
Valentina, V. and et. al., 2015. Innovative valuing of the cultural heritage assets. Economic
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