Discuss the need for this product or service and why you think you stand a better chance of beating the odds of failure. What would be your major sources of financing for this venture?

As an aspiring entrepreneur, develop an idea either on a specific product or service. Based on your knowledge acquired in this course, demonstrate how you will turn this idea into a major business success bearing in mind all the possible pros and cons of this venture. You must highlight the costs, revenue, and profit projections associated with this business. Discuss the need for this product or service and why you think you stand a better chance of beating the odds of failure. What would be your major sources of financing for this venture? Has there been any substitute product or service? If so, why did it fail? Investigate all the parameters that would guarantee your business viability. Does location matter in this venture? Who would be your target market and why? Discuss what you hope to accomplish via this entrepreneurial venture that would leave a legacy behind if anything. How do you intend to beat the competition if any, and what would be the time frame? How would you describe your distinct entrepreneurial makeup or category? Are you a Classic, Serial, or Social entrepreneur? Justify your category by highlighting distinct features or characteristics associated with your entrepreneurial category….be very objective the best you can.Among the millions of entrepreneurs who are alive or passed, who is your favorite and why?….keep this particular segment to one page, but the entire write-up paper should be between 5 and seven pages excluding cover and works cited pages.Please note that the topic proposal must be in the form of a clear statement or Question stating exactly the problem to be researched or question to be answered. Focus on a problem that is manageable and one that you can handle with ease.VERY IMPORTANT:Start your paper with a Thesis Statement/ Abstract/SynopsisDue on or before 04/08/22 at 11:59 pmBeware of plagiarism…..your paper will be subjected to a plagiarism test and any matching over 35% will automatically be subject to a severe point loss penalty. Be original….paraphrase where and when necessary as opposed to using someone’s work or ideas and calling them yours…avoid this at all costs. Cutting and pasting days are over…take time and present your ideas or make your case objectively.