Research affecting entrepreneurs and the governmental policies that promote (or hinder) their activity are vital to improving the economic climate. This section will highlight new research and best practices advancing entrepreneurship around the world.
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Founding a business was so much fun for three Harvard juniors that they did it several times--until they found something that worked. They begged, bartered and borrowed resources, with a little help from their folks. And, because they knew their industry and added value as managers, they grew their temp agency for Web professionals into a permanent, international leader.
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This article, published by a law firm, details the major components typically involved in the buying and selling of a company, including the purchase and sale agreement, confidentiality agreement, and letter of intent.
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In becoming a teacher, former CEO Jim Ellis says he gained much more than he lost.
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Complements are products or services that are consumed together or that enhance the consumption of one another, such as movies and popcorn. This in-depth article offers grounding in the theory of complementarity in business; practical examples, such as IBM and Linux; and questions to help you determine what role, if any, this approach can play in the growth of your company.
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The founder of a placement agency recommends that entrepreneurs join various types of peer groups to piece together the support and contacts necessary to launch and build a company.
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Specialization led to market domination for this manufacturer of videogame accessories. To improve his company's overseas sales, he's reviewing marketing strategies and listening to local managers. Coordinating packing, shipping and back-office functions with its acquirer is also helping the business expand.
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This brief, to-the-point article explains how each of the four key business drivers--pricing, overhead, variable costs, volume of sales--affects profit and why they are strategic considerations. If well managed, price will have more impact than even aggressive cost cutting. Key point: Profit, not revenue, makes your business successful--or not.
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Herb White's skill at evaluating new businesses and products has helped many companies. Most of his advice is donated, because he enjoys helping and hates seeing good ideas stuck on a shelf.
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Effectively tracking the who, what, where, when, and why of board decision-making in a concise, informative way is imperative, especially for a newly funded venture. This brief blog discussion is followed by an easy-to-use template for recording board minutes in a formal, logical fashion.
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Benchmarking your firm's performance against the performance of others is essential to creating and following a strategic plan. The seven steps listed here from a professional competitive intelligence service will smooth the way to an improved ROI.