Starting off for day 4 we discussed a Sioux City event called Entrepalooza. This event is meant to help local entrepreneurs get some financial and informative help to thrive in the Sioux City area. They even have a "Shark Tank" like segment which is called "Swimming with the Sharks."
Through the day we discussed the four P's. When creating your product, you must make sure it is something people want/need. The product must be at a price they can afford as well as a price you can make a profit on. You must promote your product correctly in order to efficiently use your finances as well as create some brand awareness. Last, in terms of place, its all about location, location, location.
Each of the P's are very important and need to be thought out well in order to create a successful business.
No comments:
Post a Comment