Reference no: EM133652201

Problem

Researching the entrepreneurship environment is an important aspect of planning and preparation. Entrepreneurs should investigate the economic environment as well as government policies, socioeconomic, entrepreneurial business skills, as well as financial and non-financial assistance. However, it doesn't stop there-evaluating the industry is also important. The key is to be exhaustive yet reasonable in your assessment of whether the environment is right. The truth is that the U.S. economy was built on entrepreneurship and it continues to grow because of this; it is important to economic development.

In this module, you will learn to research a variety of environments to see if it is the right time for you to start a venture. This step is a part of planning and preparation and must not be overlooked. You will need to be able to navigate through national and local business cycles. Find the statistics and use the SBA site and other worthy resources to help guide you.

Dont choose tesla , Zoom or Tiktok, In this module you examined resources and strategies used to assess the entrepreneurial environment. Next, you will apply these to a specific business venture.

Select a well-known business and describe the entrepreneurial climate in which this business began. Use historical data from the resources discussed in the reading assignments and Module Notes to conduct your analysis. It may be easiest to select a business that has recently started, as environmental data will be readily available online. Describe the environment that the company entered into in detail. Explain the economic climate, the environment of the business's industry, as well as national, state, and local trends. Finally, determine whether or not the environment was right to start this new venture, and justify your opinion.