- Why do entrepreneurs get in trouble with the law?
a. Entrepreneurs get into legal trouble due to various of reasons. Tax documents,
legal forms of organizations, bylaws, as well as other governmental and business
based laws. Where an entrepreneur particularly gets into trouble is when they
don’t navigate the process of forming their business or product with due process.
If a law or procedure isn’t abided in the formation then it can lead to legal
problems down the line. - What does psychology have to do with marketing?
a. Psychology is used in marketing to capitalize on human behavior in order to make
the product or service more desirable. Showing how the product satisfies certain
needs or markets towards favorable perceptions are all important psychological
aspects to consider when creating a marketing ad. Also, utilizing research on the
target market is another way of gaining psychological insight. - What types of marketing sway my decisions?
a. The types of marketing that sway my decisions are usually ones that cater to my
psychological needs or my sociological perspective. Marketing that appeals to my
behavior and comes across in a persuasive way may make me more inclined to
buy that product. - How can I pitch ideas better?
a. I can pitch better ideas by makings sure that value of my pitch is delivered an well
acknowledge. When proposing a business idea or product, making sure that it is
well communicated, concise, and conveyed to the investor is important.
Furthermore, making sure that a pitch isn’t drawn out or not direct is important to
ensuring the success of a pitch. - What are my strengths and weaknesses in pitching?
a. My strengths when pitching is in my ability to talk on the fly or to answer follow
up questions. I am great at researching and gaining insight into whatever I am
focused on, so, when there is ever follow questions or I need to speak off script I
usually succeed in my ability to convey information. My weakness though is that
I do get nervous and my ramble with unnecessary information.