Q1. Identify a potential business opportunity in your area of residence you are interested in pursuing. Based on your selected business, provide answers for the following questions: 1. What are your reasons for selecting this potential business? (4 marks) 2. What social or environmental problems will your business idea solve and how? (5 marks) 3. How do you intend to find money to finance this business? (Source of funding/capital). (5 marks) 4. What are the advantages and disadvantages of the sources of finance you have selected (6 marks) 5. What form of ownership will your business take and why? (Sole Proprietorship, Partnership, Limited Liability Company? (10 marks) 6. In what ways do you see yourself being totally dedicated to the success of your proposed business? What does dedication mean for the entrepreneur? (20 marks) 7. How will becoming an entrepreneur be different from working in a "regular" career when it comes to control and decision-making? (10 marks) 8. What are some of the challenges you anticipate the business will face and how do you intend to overcome them? (20 marks)