Is there a conflict of interest when trying to create a company based on skills learned and information learned.

It is not a conflict of interest unless the "individuals" are making a profit using this information on the side while still employed by the business. Once their employment terminates, as a general matter, they are free to compete with their former employer. That is the American way. Lower prices are generally favored by the legal system. Unless the prices in question are literally a trade secret and the company takes appropriate steps to enforce its rights to that secret -- which is rarely the case, since prices aren't generally secret (customers know them) -- merely undercutting the prices charged by a former employer is generally lawful.