When a product is being considered, a group of people begin brainstorming to understand the problem and to figure out ways to come up with a product to solve the problem. Take a product like hand lotion. Hand lotions are used to soften the hands and prevent dry skin. This group is tasked with coming…

My biggest weakness is that I am not a public speaker and I tend to be shy around a big crowd. I tend to stumble over my words if I am nervous. Sometimes it is hard for me to take my thoughts and words and make them sound good on paper. My biggest strength is…

To make my pitch better, I should make sure that I know my product inside and out and expect the unexpected questions. Have a properly planned presentation that is short but to the point. Make sure that I understand my target audience’s psyche and make sure that I make my pitch interesting to them.

I like the more direct approach. I want to know all I can about a product, what are the advantages or disadvantages. I want to know what the price is and if there are any reviews from other consumers that I can look at. I do not like someone who is pitching a product to…

In a successful entrepreneurship, you must market your idea or product to your targeted audience. In order to know what marketing strategies will work for you, you must understand your targeted audience. You need to understand how they think, feel and their decision-making process. With your main goal of trying to convince them to purchase…

Most entrepreneurs do not go looking for trouble with the law, as it is not advantageous to their business, but there are a few laws that could get them into trouble with the law. Not obeying traffic laws- This could spell trouble for your company if you have a business that requires you to have…

Met with Group J participants via Zoom to discuss our proposal for our Entrepreneurship project. Kicked around a few ideas, and discussed future meeting.

According to Nationwide Insurance’s article “Legal Issues faced by Entrepreneurs”, there are many legal issues entrepreneurs can face. A few examples are: Not following corporate compliance rules and regulations Copyright infringements Not having an employee handbook which specifies what are expected of employees and the company Keeping personal and business assets separated Requiring formal shareholder…

Social entrepreneurship is an entrepreneurship that focuses more on doing business for social causes. Unlike a typical entrepreneurship a social entrepreneurship can be a for profit or a non-profit and strives to make a social and economic impact. They are also often compared to charities.

Budgets are an essential part of an entrepreneurship. A budget allows you to keep track of funds going in and out of your company. A budget will help you when you need to go to a bank to get a start-up loan, by showing the bank that you have a precise plan on what you…