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712.1 Entrepreneurial Ecosystems and Business Modelling10. Business modelling involves considering nine core blocks to build a holistic business model.Yes No11. Use ChatGPT to provide a novel idea for innovative entrepreneurship. Is it useful? Provide the strengths and weaknesses of the suggested idea.12. ChatGPT proposes an entrepreneurial idea to create a virtual reality fitness studio. Analyse it and provide arguments on your decision: will you decide to start this business or not?Description: start a virtual reality (VR) fitness studio that combines theimmersive experience of virtual reality with physical exercise. Theconcept involves offering a range of fitness classes and workouts thatutilise VR technology to create engaging and interactive fitnessexperiences.How it works:1. VR fitness classes: set up a dedicated studio space whereparticipants can engage in virtual reality fitness classes. These classescan include various activities such as VR cycling, boxing, dancing, yoga,or even adventure-based workouts.2. VR equipment: provide participants with VR headsets, motionsensors, and haptic feedback devices to enhance the immersiveexperience. The VR equipment will track movements, provide real-timefeedback, and create a sense of presence in virtual environments.3. Personalised workouts: develop a platform or software that offerspersonalised VR fitness programmes tailored to individual goals andfitness levels. Users can track their progress, set targets, and receivecustomised workout recommendations based on their preferences andperformance.4. Virtual fitness challenges and competitions: organise virtual fitnesschallenges and competitions where participants can compete againsteach other in virtual environments. This can create a sense ofcommunity, friendly competition, and motivation for users to achievetheir fitness goals.5. Virtual trainer and coaching: integrate virtual trainers or coachesYESNO