If you thought $2020$ was disruptive, wait until you see what Elon Musk is predicting for $2021.$ Here are his Top Five $2021$ Predictions for $2021$ and how he sees the world changing in the year ahead. Watch the video for the latest on his plans with Tesla, Starlink and SpaceX, as well as the predicted Tesla share price according to Billionaire investor Ron Baron. And get ready for the game changing business models of FSD$,$ the Tesla Network and Tesla Virtual Power Plants.Roger James Hamilton. $(2020).$ Elon Musk Most Shocking $2021$ Predictions $-$ And Tesla Share Price Prediction VIDEO$2-$ Entrepreneurship and The Dynamic Business EnvironmentSome Steps to Consider before Starting a New BusinessThe steps may vary based on the type of business, but this chart provides a general roadmap for starting a new business.StepDescription$1.$ Market ResearchConduct thorough research on the target market, customers, competitors, and industry trends$\mathrm{.}2.$ Business PlanDevelop a comprehensive plan outlining business goals, strategies, financial projections, and operational details$\mathrm{.}3.$ Legal Structure and RegistrationChoose a legal structure $($sole proprietorship, partnership, LLC$,$ corporation$)$ and complete necessary registrations and licenses$\mathrm{.}4.$ Financing and BudgetingSecure funding and create a detailed budget to manage expenses effectively$\mathrm{.}5.$ Location and FacilitiesFind a suitable location and secure facilities based on factors like foot traffic, visibility, and accessibility$\mathrm{.}6.$ Product$/$Service DevelopmentDevelop and finalize products$/$services to meet quality standards and customer expectations$\mathrm{.}7.$ Hiring and TrainingRecruit and train employees to perform their roles effectively$\mathrm{.}8.$ Procurement and InventorySource necessary equipment, raw materials, and inventory for the business$\mathrm{.}9.$ Set Up InfrastructureEstablish required IT systems, technology infrastructure, and communication tools$\mathrm{.}10.$ Marketing and BrandingCreate a marketing strategy to build brand awareness and attract customers$\mathrm{.}11.$ Obtain Licenses$/$PermitsObtain all necessary business licenses and permits required for legal operation$\mathrm{.}12.$ InsurancePurchase business insurance to protect against potential risks and liabilities$\mathrm{.}13.$ Pre$-$Launch TestingConduct tests and trial runs to ensure proper functioning before the official opening$\mathrm{.}14.$ Grand OpeningOrganize a launch event to introduce the business to the public and potential customers$\mathrm{.}15.$ Ongoing OperationsManage day$-$to$-$day operations, monitor performance, and adapt strategies for long$-$term success.Question$($s$)$ to AnswerAfter reading Chapter $4,$ watching the provided videos, reviewing the chart above and researching on your own:From the list above, choose $2$ steps that you feel are the most critical for a business to succeed. CLO$7$ and CLO$9$Explain why you feel these are the most important before a business is opened. Use personal experiences and outside researc