April Autumn needs to make a decision to either start her new business or return to university to be a graduate. She really likes the idea of a new business. April is $23$ years old and already has a degree in business with a minor in IT$.$ She works at a local store doing web design and has established contact with many customers. She now thinks she may be good in that area of business. She is excited to try her hands out on the business as she likes to be her own boss even though she is still very afraid to start off.April has determined some of the other cost of starting this business:Rent in a local business incubator $($moving away from home$)$ $$4000/$monthInternet & Phone $$300/$monthInsurance: $$800/$monthSupplies: $$100/$monthMarketing: $$200/$monthDesks$,$ chairs e$.$t$.$c $$500/$monthApril$\text{'}$s wage$$3,000$As she ponders on opening this business she feels she needs more information to make a correct decision$1.$ What information could April look for in determining the viability of her business idea? How could she obtain this information?$2.$ Do you think April should be concerned about discussin her business idea with potential competitors?$3.$What are some of the advantages of April starting her business and the disadvantages?$4.$ What would you recommend April do$?$ Why?