Tuesday, January 14, 2014

Today we discussed how we plan to advertise for our entrepreneaurial experience. This showed several ways of advertisement that not only may I apply to this project but to any buisness I choose to pursue in life. We talked about the importance of advertisement and getting your brand out. People tend to go with what they know so if you get people to "know" your brand you will build a relatively long lasting and loyal customer base. Another hot topic today was that of income statements, cash flows, and balance sheets. These are al paperwork forms of buisness that layout all the essentials you need for running a company. It also helps you to read these documents to determine if a company is successful or not based off of those documents. This is interesting to me as I would have to make sure all of this was done properly as a buisness owner, as well I would want to know how things were looking if I had invested into a company, and I could use this for that as well which makes it rather helpful.

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