estion Completion Status: Moving to another question will save this response. tion 27 Question 27 of 25 points Your friend wants to venture into business but having trouble coming up with a business idea. 1. Please advise (with an explanation) your friend on the steps helshe should follow when generating a business idea (10 marks) 2. Discuss how his business is an important driver for economic growth and development in South Africa? (10 marks) 3. Describe some entrepreneurial competencies that he would need in order for him to run and manage his businesses successfully- (5) or the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI U S Paragraph Arial IS V 10pt a M. X X g To 2 + x )) T Vetermine if entrepreneurship is what you want fore diving into the details of your potential business, it's best to take stock of yourself and your situation Why do you want to start a business? Is it money, freedom and flexibility, to solve a problem or some other reason? What are your skills? What industries do you know about? Do you want to provide a service or a product? 20C