Question DescriptionnnChoose any venture idea you would like to undertake and provide the following:nn1-Brief explanation of the idea and what are the consumers’ needs it will address (200-300 words).nn2-Evaluate the financial potential of the idea with proper and realistic justifications (200-300 words)nn3-Discuss how you realized the potential of this idea (100 words)nn4-Analyze the size of the market of your idea (300-500 words)nn5-Briefly discuss your competitions, existing substitutes to your ideas, threats of new entrants (300-500 words)nnnLearning Outcomes:nn Design a solid projected financial Plan and conduct a breakeven analysis for a small company. (Lo 2.5).n Demonstrate a solid understanding of the potential of entrepreneur in today’s competitive business world. (Lo 1.2).n Describe the importance of creativity and innovation which are the integral parts of entrepreneurship. (Lo 1.1)n Demonstrate ability to think independently and systematically on developing a viable business model (Lo 1.3 & 3.7).