Week 4 Journal Entries

  1. Entrepreneurs can get in trouble with the law if they violate regulations regarding taxation, product safety, employment practices, or other areas.
  2. Psychology plays an important role in marketing, as it allows marketers to understand customer needs and behaviors, as well as how to craft persuasive messages that will have the greatest impact.
  3. There are a variety of types of marketing that can influence decisions, including emotional marketing, storytelling, personalization, and influencer marketing.
  4. To pitch ideas better, it is important to practice your presentation, make sure your arguments are well-supported and make sure to tailor the pitch to the audience.
  5. Strengths in pitching may include being able to clearly explain the value of the idea, having an organized structure to the presentation, and being able to effectively use visual aids. Weaknesses may include not giving enough detail, not having a clear call to action, and not being able to answer questions.