The principle of job enlargement is to make a job more varied and to allow employees
to perform a more complete unit of work by broadening its scope.
The strongest of the five forces in most industries is the rivalry that exists among the
businesses competing in a particular market.
Entrepreneurs typically identify just one business idea for any given market need.
A small business owner should concentrate collection efforts on the top 20 percent of
the company’s customers since they typically account for 80 percent of all accounts
receivable.
In start-up firms, one guideline is for the owner to draw a salary 25-30 percent below
the market rate for a similar position.