Week 4 journal

Why do entrepreneurs get in trouble with the law? 

I believe that some business owners disobey the law depending on the state of their companies. They should be aware of them because not all states have the same laws and rules. You might have been able to accomplish something in that state that you couldn’t in the other. They ought to be aware of the broad definition, which covers both internal policies, procedures, and rules as well as any state or federal laws that are relevant to your industry. Some people run into issues because they don’t file their taxes or file them incorrectly. Because even the smallest details could have a significant impact, make sure you have the necessary processes and resources in place to keep accurate records of all financial inflows and outflows. 

 
What does psychology have to do with marketing? 

Understanding consumer behavior and psychology is the main objective of marketing psychology. The goal of marketing is to persuade, and by carefully crafting an emotional appeal, you may be able to win over a customer for life. Marketing and psychology are also related. If you want to build a strong relationship with your audience and turn them into customers, it is crucial to comprehend their behavior and the underlying motives that affect their purchasing decisions. 

 
What types of marketing sway my decisions? 

I think that how marketing campaigns are delivered to their intended audience can have an impact on how effective they are. For instance, when a business is introducing a product or service, it can use language and imagery that appeals to the emotions of its intended audience. That is an illustration of how I think my marketing decisions will be impacted. 

 
How can I pitch ideas better? 

Knowing who you are pitching to was one of the most crucial lessons I learned during my time in college. This is due to the fact that you must perform due diligence and conduct in-depth research on potential investors in order to make a compelling pitch. Telling a personal story is one of the best ways to present a story. For instance, if you are selling a product or service, you can use a story to explain how it addressed a particular problem. 

 
What are my strengths and weaknesses in pitching? 

Despite the fact that I am not an entrepreneur, there are some skills I could use to change that. I excel at finding ideas and presenting them to my audience, for instance. However, I have trouble hearing myself clearly and finding the right voice when I speak. I’ll need to put this into practice in order to hone my speaking abilities. Some people believe that practice makes perfect.