please can you help me to answer this project, it's for business economic course. Choose one product or technology where listed.

Develop a new entrepreneurial business that would creatively, through innovation, improve one of the following product or technology listed:

1. Smartwatch technology
2. Professional athletic clothes
3. Siri or alexa

For this final task, you should forecast and evaluate in the Business Plan Report and PowerPoint presentation, the new idea pitch improvement developed by each person's new entrepreneurial business, its expected benefits, types of new attributes, value creation for both the business and its stakeholders, type of innovation implemented or used, as well as potential challenges, financial costs and risks.

The Business Plan Report should contain:

1. Table of contents
2. Introduction about the new business, (which outlines its mission / vision and a short executive summary)
3. Market analysis
4. Risks and management of those risks
5. Identify Risk associated with idea/ opportunity
6. Handling Risk for success and growth
7. Statement of risk, including scope of risk
8. Risk attitude, appetite, tolerance or limits for the risk
9. Responsibility for developing risk strategy and policy
10. Short financial summary for developing the new idea and its implementation.
11. References