1. Why do entrepreneurs get in trouble with the law?

You must take into account a considerable amount of intricate factors. Everything comes with experience, and the most precious experience is often obtained from our failures. This is the most effective method of gaining knowledge in the field, but it has one major flaw. It has the potential to become quite expansive when it comes to entrepreneurship. Following the law is costly in and of itself, but crossing its boundaries results in many digits. You may easily replicate contracts from the internet as a novice business. It’s possible that downloading a contract is worse than not having one. Using forms that the council hasn’t vetted may result in unforeseen consequences. Or Ignore the labor and employment laws or Not take privacy and cybersecurity seriously. When it comes to business and money, thinking twice and cooperating with the people who have been in this field before is always a good idea. 

2. What does psychology have to do with marketing?

If you take a marketing class or any other class that deals with marketing strategy, you’ll first learn that marketing is all about psychological manipulations. Marketing Manipulation refers to the tactics and strategies employed by marketers to exploit human cognitive, social, and memory flaws to sway consumer behavior in their favor. Understanding how customers think, feel, reason, and make decisions is the goal of marketing psychology. Creating a calculated emotional appeal can be just what you need to land a long-term consumer. It is not necessarily bad, but sometimes businesses with poor ethics can appeal to their audience through these approaches. 

3. What types of marketing sway my decisions?

I am weak for clean and green companies. If I see two products on the shelf that are cruelty-free, recycled, or vegan, I would always choose this product over the other. Yet this topic is very debatable since many companies tend to lie on their packages; I still hope that it is not that easy to satisfy your customers. 

4. How can I pitch ideas better?

There are three things that I find the most important in pitching. Those are telling a story to appeal to the potential customer, knowing your audience, and being on top of trends. Emotional appeal is one of the easiest ways to gain an audience for a young company, especially with popular trends. I find it very important to show your audience that there is a need that has to be satisfied, and I know how to satisfy it. So you have a little intrigue where the end of the world is coming, and only you know how to save all humankind. While creating the tone is critical, you must also address the details. Define your value proposition succinctly in your pitch deck and include a catchy catchphrase for investors to remember. Then, present the opportunity and specifics: the industry’s size, your strategy for attracting and keeping customers, how can you put up barriers to competition, if you can do quick, low-cost testing to determine product-market fit, and your strategy for monetizing the company and generating revenue, the amount of capital that must be invested.  

5. What are my strengths and weaknesses in pitching?

I would say that a dry sense of creativity is my biggest weakness. I find myself more of a problem solver rather than an excellent visual representation of my product. I can talk and write, but I definitely would find someone who knows how to promote my development visually. When it comes to a strict representation plan, I feel very comfortable, yet when it comes to the part where you need more design-oriented creativity.