ASSIGNMENT#3B

REVISED LEAN CANVAS MODEL

MGT-421
ENTREPRENEURSHIP AND NEW VENTURE
GROUP MEMBERS (M)

MUHAMMAD SUBHAN (181360159)

LAIBA ZULFIQAR (181360127)
RUMEEZA GOHAR (181360141)
MARYAM FAYYAZ (181360136)
MUHAMMAD UMER BUTT (181360115)
02/08/2021
 Designed for: Designed by: Date: Version:

Lean Canvas Model

Problems: Solution: Unique Value Propositions: Unfair Advantage: Customer Segments:

 Time management  Lead and manage “PACK YOUR BAG AND JUMP  Large network effects  Young people
 Bad vendors vendors. IN TO FIND WEDDING  Online management.  Parents
 Endless search for  An alluring and relaxed INSPIRATIONS TO GRASP  All arrangements  Bride and Groom to be
photographers, caterers, venue, a perfect wedding YOUR DREAM WEDDING.” done at one place  Friends and Family
designers, decorators, venue.  Complete wedding
wedding venues, and  Provided you package available at
many more. one stop solution for one place.
 Quality management your event including
(Decor, Food, custom event lighting,
Reservations, Staff) lighting arrangement,
 Not all lighting consultant and
arrangements/wedding decoration designer
components are available for wedding,birthday,
at one place. concert.
 Get all arrangements
done at one place (like
venue, makeup, dresses,
photography etc.)
Existing Alternatives:  No miss management. Early Adopters:
 Local event planners  Good time management
 Bride and Groom to be
 Marriage hall, marquees and support system.
management.  No hustle or stress to get
everything done within
budget and
schedule/time.
 Good space utilization
and ideas.
 Creative alternatives to
make things look unique.

Key Metrics: Channels:

  A: Visitors at place,
social media platform.
 A: Booked events,
visitors and guests,
website users.
 R: More events are
booked by reference of
existing customers,
satisfied customers.
 R: Paid after event or
advance.
 R: Friends, family,
social media.
Cost Structure:
• Salaries and worker wages cost
• Land and building cost
• Advertising cost
• Other fixed cost
• Contract and agreement cost
• Crockery and cutlery cost
 Social media
platform
 Advertising near and
at marquees,
marriage halls
 Word of mouth
 Other events taking
place
 By visiting at office
or place.
Revenue Streams:
 Numbers of events.
 Booking and providing services of events, parlour, photography studio and
designer studio.