Chapters 7 8 9 Reviews With Your Peers Please Replies To 2 Of The Students

STUDENTS ARE TO DISCUSS WITH THEIR PEERS THEIR-OVERALL- FINDINGS ON CHAPTERS 7, 8 & 9.

YOUR REVIEW /FINDINGS:

CHAPTER 7:

CHAPTER 8:

CHAPTER 9:

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please replies to 2 of the students

first one

Chapter 7: In chapter 7, the section that opened my eyes the most was when they were talking about connecting with your target customer. It is so many different ways to connect to different type of customers. Also, the next section they talk about shifting advertising dollars to benefit the progression of the business. I think this is very important to running a business because you have to know when to switch your attention to a different advertisement. The investment in a different advertisement can bring the business more awareness and money.

Chapter 8: In chapter 8, the section that opened my eyes the most when they talked about start up costs. I think it very important to know the start up costs of your business, so you can proceed future with it. I learned the term “freemium pricing” which is a smart way to promote a product. I think you should give the product to somebody for free to test it out and then get them to buy it if they like the product. The chapter shares a little light on the accounting side of a business. Also, they list three things you can do if its downturn in your business by keeping even closer eye on your budget, get tough on payments, and negotiate with vendors. The chapter helps you beat the competition with intricate details that can help a new business owner.

Chapter 9: The most important topic this chapter brought to my attention was shaking the money tree. The most important things the tree has on it was vendor financing and banks. The banks can give you a microlending loan less than $35,000 to start up a business and not owe a lot of money to the bank. The program can get the business up and started. This program can be very beneficial to entrepreneurs just starting their business. The vendor financing can help after the business has been running smoothly. The financing comes from vendor after they see your business as beneficial. The loyalty of the vendor and buyer can go along way with one another. They both can benefit from each other partnership. –

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second one I will send him tomorrow

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