9/30/2022
| 1.Why do entrepreneurs get in trouble with the law? Entrepreneurs get in trouble with the law for many reasons. A good reason is having an inexperienced lawyer in the aspect of dealing with entrepreneurs and business ventures. There are a variety of laws that people might not be used to and if the lawyer you hired is not competent, it can mean trouble for you. Lawyers who have never worked with entrepreneurs or venture investors are prone to focus on the wrong stuff and miss several of the more subtle common drawbacks. That is why it is important to hire someone who knows what they are doing. |
| 2.What does psychology have to do with marketing? Psychology is related to marketing in the sense that psychologists are very excellent at changing behavior, which is what the market is. They are trying to make efforts to comprehend how customers think, react, reason, and decide things. The main goal that comes from marketing is to Persuade individuals, and a calculated appeal to emotion might be precisely what you require to attract a long-term customer. Anticipating buyer’s behavior by understanding human decision-making. 3. What types of marketing sway my decisions? I would say the type of marketing that sway my decisions would be targeted. When I say targeted, I mean ads and commercials that would make me think differently about something or buy something. Things like public affairs, direct marketing, sales promotions, and advertisement are all factors that might influence my decision. Marketing data also feeds into the decision-making process because depending on how well the data looks, determines if my decision sways or not. |
| 4. How can I pitch ideas better? When it comes to pitching ideas, it could be tricky. From thinking of an idea to pitch to accepting failures. You can pitch for many different reasons; entrepreneurs should use the 10-20-30 rule. To pitch ideas better the ideal first thing to do is to have 10 slides then the thought should be to get to the next stage in the process. The 20 stands for how many minutes it should take you to do the whole pitch and to keep attention. The 30 is for the size font that should be used in the presentation, so it is viewable to everyone. I think If I were to follow this it could make pitches easier. 5.What are my strengths and weaknesses in pitching? To start I think a couple of my weaknesses in pitching where our failure to listen to advice and my delivery of the pitch. Failure to listen to advice was my first weakness because hearing a person and listening to a person are two different things, it is important to take the feedback and make whatever you are doing better. Delivery was my second weakness because I have that charisma but do not show it all the time. The strength I will add is I am a people person. I know how to read body language and keep people engaged in what I am presenting. |