search query: @indexterm BUSINESS FORMATION / total: 23
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| Author: | Salodof, J. |
| Title: | Golden parachutes, bumpy rides: ex-execs get new start as entrepreneurs |
| Journal: | Management Review
1989 : NOV, VOL. 78:11, p. 29-33 |
| Index terms: | BUSINESS FORMATION EXECUTIVES ENTREPRENEURSHIP BUSINESS FAILURES LEARNING |
| Language: | eng |
| Abstract: | Despite the difficulties of starting up and staying in business, many observers feel that companies started by former corporate executives, or even employees, have a good chance at success. Reports of high rate of business failure are greatly exaggerated. The real failure rate may be estimated at only 5 or 6 percent a year. Of course, new entrepreneurs need lots of advice. Suddenly they are dealing with book-keeping, accounting, legal matters, marketing, sales and other business essentials to which corporations devote entire divisions. The biggest challenge is to learn to manage cash flow. A lot of examples are used for illustration. The problems with franchises are examined in detail. The characteristics of venture capitalists are highlighted. |
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