This week we ask you to research and explore a potential entrepreneurial venture you may be interested in undertaking at some time in the future. Provide us with the name of your proposed business as well an elevator pitch as to why you feel this business will be successful.An Elevator Pitch is a quick summary of the idea. It’s named for the amount of time it should take to deliver it—the duration of a short elevator ride (roughly 30 to 60 seconds or 75 words). Elevator pitches are sometimes thought to be specific to an idea or a product, but you can also use it to sell yourself as a professional. In this assignment we need your elevator pitch to be about proposed idea for business or product. If you are proposing to start a consulting firm then it can be used to sell yourself as a professional.After you have read and absorbed the lesson material this week, head into the library and internet and locate information regarding the products or services to analyze the potential for the venture, and to begin analyzing the potential for this business and developing the elevator pitch. Use the Word template attached to complete this assignment and for all following essays. Complete all citations and references utilizing APA 7th form and styleInstructions:This assignment only needs to be 75 words or so as it should be a very succinct proposal but we would still like to see APA formatting including citation and referencing where necessary.