I think my personal experience is one of my strengths when it comes to pitching. I spent a lot of years in the military, and I learned how to put service before self. I understand that it is not about me but what I can do for the people around me. I think with that…
HOW CAN I PITCH MY IDEAS BETTER?
I think not just myself, but everyone could always work on their elevator pitch. We live in a world where people are constantly used to getting their information in a very short format. People watching less YouTube tutorials and are opting for more Instagram and TikTok for their short format videos is just one example. …
WHAT TYPES OF MARKETING SWAY MY DECISIONS?
I think brand marketing attracts me the most. I think it aligns a lot with my individual frame of thought, because I like to look at the big picture and I think having a long and good reputation goes a long way. I think these marketers take a keen attention to detail on how they…
WHAT DOES PSYCHOLOGY HAVE TO DO WITH MARKETING?
Psychology has a lot to do with marketing. Marketers promote their products through various different ways to induce the mind of consumers in a way that they want to buy or promote their products. Companies utilize some of the different disciplines within psychology, to induce how their potential consumers think and feel in order to…
WHY DO ENTREPRENEURS GET IN TROUBLE WITH THE LAW?
Entrepreneurs run into legal troubles in their business ventures when they fail to educate themselves with the different local, state, and federal laws. Understanding those laws and how it applies to your particular business will help direct the structure that best fit your needs while at the same time staying within both legal guidelines and…
WHAT ARE THE MOST SIGNIFICANT LEGAL ISSUES ENTREPRENEURS FACE?
Some of the biggest legal issues entrepreneurs face are regulatory and compliance laws pertaining to their business. Understanding the rules and regulations and what is required of your business is crucial to every venture. Intellectual property and trademarks are also a significant issue. Entrepreneurs need to ensure that they are taking the necessary steps to…
WHAT IS SOCIAL ENTREPRENEURSHIP?
Social entrepreneurship focuses on creating positive change in the world first, unlike business entrepreneurship which looks at creating a change or profit through whatever service they may provide. A good example of a social entrepreneurship company that I have read about was TOMS the footwear company. The founder visited Africa and was surprised to see…
WHY DO WE NEED BUDGETS?
Budgets are very important. I think without proper budgets, entrepreneurs cannot adequately or effectively plan for the future. I learned about the law of scarcity in economics a long time ago, and how there is always a limited supply of everything. You will never have an unlimited supply of money, resources, or assets for your…
HOW DOES MY OWN PERSONAL BUDGET RELATED TO AN ENTREPRENEURSHIP BUDGET?
My personal budget has some similarities to an entrepreneurship budget, but it also has many differences. One of the main things is that my personal budget only deals with my personal needs and the things I have going on in my personal life, but when it comes to the business, there are a lot more…
WHY DO ETHICS MATTER IN ENTREPRENEURSHIP?
Ethics are extremely important in the business world in general, not just entrepreneurship. Displaying good ethical behavior within the day to day of the business goes a long way in taking those first steps into establishing a successful business. Practicing bad ethical behavior as an entrepreneur can lead to a myriad of issues, such as…