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While most people see what they have always seen, creative entrepreneurs are able to
see beyond preconceptions.
In a cash budget, credit sales to customers are recorded at the time the sale is made.
Flextime is a work arrangement in which two or more people share the same
40-hour-a-week job.
The sole proprietorship is the easiest form of ownership to create, but once formed, it is
subject to the greatest number of regulations.
A conversion franchising arrangement gives a franchisee the right to create a
semi-independent organization in a particular territory to recruit, sell, and support other
franchisees.
Establishing a policy of responding to all customer e-mails within 24 hours and sending
customers order and shipping confirmations and "thank you for your order" e-mails are
not very important to enhancing online customer service.
The United States is moving toward a "minority majority."
Growth requires changes in a company's management style, organizational strategy, and
methods of operations.
According to the five forces model, Delta Airlines is a substitute for United Airlines.
Innovation must be a constant process because most ideas do not work and most
innovations fail.
A sale to a customer is not really a sale until the business owner actually collects the
money from it.
The single most important ingredient in making a successful initial public offering is
selecting a capable underwriter to manage the process.
Bootstrapping 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 interviewers spend about 75 percent of the interview talking and about 25
percent listening.
Web analytics are a variety of tools that measure a Web site's ability to attract
customers, generate sales, and keep customers coming back.
