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Research has isolated a set of characteristics that can predict who will succeed as an
entrepreneur.
A small business owner can collect a great deal of information about competitors
through a number of low-cost competitive intelligence methods.
One of the best ways to identify your own cultural biases is to get exposure to people
who are not like you.
Crowd funding is a method of raising capital that taps the power of social networking
and allows entrepreneurs to post their elevator pitches and proposed investment terms
on specialized Web sites and raise money from ordinary people who invest as little as
$100.
Effective leaders recognize that money is not the only reward that motivates workers.
Because about 20 percent of a typical company's customers account for about 80
percent of its sales, a business should focus its resources on keeping its best customers
rather than trying to chase "fair weather" customers who will defect to any better deal
that comes along.
