Unlike in traditional retailing where customers are demanding and first impressions are
important, e-commerce firms do not have to worry about initial communications, since
bad first impressions can be overcome with follow-up contacts and high-quality Web
designs.
In a recent study cited in the textbook, entrepreneurs were more willing than other
businesspeople to condone collusive bidding and the duplicating of copyrighted
computer software without payment to the manufacturer.
Entrepreneurial couples find that working together in the business strengthens their
marriage and that family problems are minimal or nonexistent.
In small firms, a professional’s versatility and flexibility may be more important than
technical competence.
In the beginning, the only sources of revenue for online sites were from charges for
access and user subscription fees.
A major goal of business incubators is to promote economic development by providing
financial assistance to new businesses.
Even if the business plan reveals sensitive information (e.g., details of an advanced
technology or the specifics of a marketing plan), prospective investors can be trusted
with that knowledge.
A project with a positive net present value is acceptable for investment.