This report evaluates the entrepreneurial opportunity presented by a Selfie Drone, focusing on its potential within the market. The report begins with an introduction to the concept of entrepreneurship and its role in economic growth, followed by an overview of the Selfie Drone idea by Bluelight Technology. It then delves into Drucker's seven sources of innovation to identify the inspiration behind new ventures. The report further explores the rationale and market gap for the Selfie Drone using tools like Porter's Five Forces model. Data requirements for gap analysis are demonstrated, and the report applies SWOT and PESTLE analyses to assess the venture's strengths, weaknesses, opportunities, threats, and external factors. The report concludes by summarizing the findings and providing insights into the Selfie Drone's entrepreneurial prospects.