3. What types of marketing sway my decisions? An interesting question because the product should decide the marketing. The product I will bemaking a pitch for is a drone consultant company. Utilizing social media to market droneconsulting may not be the most effective way to reach customers. Our product centers […]

2. What does psychology have to do with marketing? Psychology is the most significant part of marketing! On the market today, we see products thatare not vastly different from each other, but the way they market to the consumer makes the realwinner. For example, let’s examine Coca-Cola and Pepsi; these […]

1. Why do entrepreneurs get in trouble with the law? Entrepreneurs get in trouble with the law for several reasons. First is the inability to followcooperate laws. When operating an organization, regardless of being an LLC, S-Corp, or soleproperty, specific federal and state regulations govern how you organize and manage […]

5. What are the most significant legal issues entrepreneurs face? When looking into the Legal Issues section, the most significant issue I found was: C-Corps give up control to the board of directors & more complex to start. LLC pays more taxes than S-Corp Non-Profit cannot distribute dividends. S-Corp must […]

4. What is social entrepreneurship? Social entrepreneurship seeks to answer or respond to a pending social topic. The goal of anysuccessful business model is to always be over the red or have a healthy bottom line. Socialentrepreneurship brings in a vision that can respond to experimental impacts, social injustices,poverty, and […]

3. Why do we need budgets? Budgets are critical to creating a compass for where you want to go. When creating a budget, anindividual seeks to have a more significant analysis of where their capital is going and calculatehow much will be left over after their expenses are totaled. When […]

2. How does my budget relate to an entrepreneurship budget? When looking at an entrepreneurship budget and personal, you never want to be ‘in the red.’ Theterm ‘in the red’ describes when more capital is leaving your business than being received intoyour business. Similarly, when creating a personal budget, it […]

1. Why do ethics matter in entrepreneurship? A group’s standards determine Ethicality. Ethics are formed by the dominant characteristicsvalued in a group. Ethics is essential in entrepreneurship because it will determine how certaingroups view your product or services. We see a case of this in the Famous Coca-Colaccommercial. One Coca-Cola […]

 Can a successful venture be unethical?                Cultural values play a significant factor in ethics. Some cultures praise certain business practices, such as in some eastern countries, where certain animals are food delicacies. In the United States, we find it unethical to eat such […]

What opportunities have I missed?                During my senior year in high school, I missed my opportunity to the Virginia 6A State Conference. I received poor results because of poor planning and execution in training. I was too rigid with my training and believed […]