e Project your understanding of the fundamental knowledge and skills of starting a new business from, ideation to cution. You must provide answers to the three phases of planning, and demonstrate the ability of outlining necessary processes of starting a business. Your answers should relate to the specific idea you want to art a business with, and provide as much research as possible. Thase 3 (5%) 1. What is/are your biggest challenge/challenges throughout the planning? Please explain in detail. 2. What is the growth potential of your business? What do you envision