journal | entr494marshall

Why do ethics matter in entrepreneurship?
Ethics matter in entrepreneurship because you have to think about every little thing that can go wrong or right. You have to think what is ethical and what is not. Understanding ethics in a business, or idea helps allow that idea to stay strong throughout a time, not just a little while. Ethics matter a lot in entrepreneurship.

How does my own personal budget related to an entrepreneurship budget?
My own personal budget is a lot different than an entrepreneurship budget because when thinking about my own budget I think about little things, as for a entrepreneur budget you have to think about what could and what has happened more. You have to budget for random things to kedp yourself ahead. You have to budget a head of time to continue a good course in your budget. Without a budget you lose track of money, we’re as a personal budget it’s more easily used. 3. Why do we need budgets?We need budgets because without budgets you are looking at stress, and misunderstanding placement of money. Not being certain we’re the money is and what to do with it. To be successful you have to be organized. Money is a big source of how a business stays operated without it business can go down.

What is social entrepreneurship?
Social entrepreneurship is when a creature idea is brought up to help with social issues. It focuses on people and the abstract of people in social settings. Social issues are a huge deal in our society, these ideas tend to help the community or society. 5. What are the most significant legal issues entrepreneurs face?the most significant legal issue’s entrepreneurs face are those of complying and money issues. Insurance as well. Many start ups have a hard time finding funds to start up a business or a new program sometimes making them take legal actions to get them there. As others think they have their own idea until they realize they don’t and get in trouble for copy rights. Legal issues cause many startups to close doors. You gotta understand what you are doing be creative and take your time when starting a business so that in time you don’t run into anything illegal.

Why do entrepreneurs get in trouble with the law?
Entrepreneurs can get in trouble with the law because of “stolen ideas, or products that are similar to other companies. They can have legal action charged against them if their products don’t do what they say as in false advertising or if the product or company is harmful, clients and people involved can be sued. Many legal aspects have to be taken into account when entrepreneurs start a business or idea.

What does psychology have to do with marketing? Psychology is a big tool in marketing. Knowing how to communicate and study a person body language not only can help promote a sale but also get more clients involved. Understanding the brain is a huge plus when it comes to starting a business. You have the capability to think not only for yourself but also the mind of others from the actions they take. 3. What types of marketing sway my decisions?I believe social media marketing sway my decisions. I feel like I’m drawn to ads I see on social media. I always look into it or remember the ad and search for it later. I feel like it’s always something I’m interested in or something I’ve been wanting which hikes my interest and sway my decisions.

How can I pitch ideas better? I feel like I can pitch ideas better by being honest, as well as showing the bigger picture overall. Stating the facts, as well as what could be done in the worst case scenario, this gives a broad thinking when coming to a decision to buy or invest in something if you’re able to see the worst case scenario and have a plan to fight back against it, then I feel like your pitch is the best of it can be.5. What are my strengths and weaknesses in pitchingMy strength and a pitch would be my confidence and what I’m trying to sell or what I’m trying to invest in. I feel like my weaknesses are going to be the infirmity and the understanding of the people I am presenting to and hoping to reach what they are, what willing and seeking for. Givin the pitch isn’t the hard part it’s the how to give the speech to the certain audience that is.