One reason joint ventures fail is because entrepreneurs did not select a partner who
shares their company’s values and standards of conduct.
An important factor of e-commerce is speed.
About 51 percent of new businesses fail within five years.
A technique that greatly simplifies the pricing function by pricing different products in
a product line at different price points, depending on their quality, features and cost, is
referred to as odd pricing.
A leveraged buyout is an arrangement in which managers and/or employees borrow
money from a financial institution and pay the owner the total agreed-on price,
pro-rated over a seven-year period.
When investing surplus cash, an owner’s primary objective should be on the safety and
liquidity of the investments.
In most SBA loans, the SBA does not actually lend any money, it merely guarantees a
bank repayment of a portion of the loan the bank makes in case the borrower defaults.
Entrepreneurs that face rapidly rising costs in their business should consider strategies
that facilitate better customer communication, efficiencies, passing along cost increases,
emphasizing value, and anticipating rising costs to lock in prices.