Tuesday, January 14, 2014
Entrepreneurship - Day 7
Today we talked about ways to finance your business and looked up ways we could fund our own business plan. We looked up websites like Kickstarter and venture capitalists that we could utilize. We got the marketing aspects of our entrepreneurship projects figured out as well. Our project is coming together well and today we got the email sent and created the flyers. After our break, we went over the ways to run a business and the legalities of a business. Lastly, we watched another "Shark Tank" video. In today's episode, a guy wanted to sell equity of his meat company, but couldn't get a buyer since he didn't have the slightest idea of a marketing plan. Another product was a illuminated coolers. The presenters made the mistake of giving Kevin 33% of all royalties. They missed on a much better opportunity because they hesitated.
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