Answer the following in 350- to 525- words to evaluate the financial feasibility of starting a new business:

1. Explain 3 components of a financial feasibility assessment and why it is beneficial when starting a new business.

2. Compare bootstrapping, debt financing, and equity financing. In what ways are they similar and how do they differ? What are 3 sources of each that could be used to fund a new business venture?

3. Assess why a risk analysis is important to conduct before starting a new business.

4. Evaluate the usefulness of crowdfunding for your business venture. Describe how it works and whether it would be a way to fund your new business.

5. Based on your evaluation of the various sources of funding, determine the approach that would work the best for your new business.