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The Equal Employment Opportunity Commission (EEOC) supplies employers with a
list of questions it considers illegal in interviews.
Practices that are illegal in one country may be perfectly acceptable, even expected, in
another.
Today's workforce responds best to a leadership style based on instilling fear and
intimidation.
Small companies are least likely to make hiring mistakes because most owners have
developed clearly defined job specifications and job descriptions.
An important guideline for companies wanting to successfully compete internationally
is to appeal to the similarities within the various regions in which you operate, but
recognize the differences in their specific cultures.
Increasing numbers of women are discovering that the best way to break the "glass
ceiling" that prevents them from rising to the top of many organizations is to start their
own companies.
Most small businesses conduct a thorough credit investigation before selling to a new
customer.
A new owner of an existing business can generally introduce change and innovation
almost as easily as if the company were a new business because employees and
customers expect change in business practice when there is a change in ownership.
The ideal strategic planning procedure for a small company should be formal and
highly structured.
The illumination stage of the creative process is often called the "Eureka factor" and is
characterized by a spontaneous breakthrough.
Operating ratios measure the extent to which an entrepreneur relies on debt capital
rather than equity capital to finance the business.
The break-even point is the level of operation at which a business neither earns a profit
nor incurs a loss, and lets the business owner know the minimum level of activity
required to keep the firm in operation.
