Discuss the below in detail:
"Basic Business Research and Planning"
Describe three critical areas of research an entrepreneur should examine prior to investing in their new venture. Next, explain how this research will assist the entrepreneur in developing their business plan. Be sure to include information from your textbook to justify your position.
Discuss three sources of business funding an entrepreneur could utilize to finance the startup costs of a new business. For each source of funding present two or three benefits and two or three risks. Next, elaborate on which option you would prefer for your business model and why.