The Entrepreneur S Experience Of Business Failure
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The Entrepreneur S Experience Of Business Failure
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Author : Orla Byrne
language : en
Publisher:
Release Date : 2013
The Entrepreneur S Experience Of Business Failure written by Orla Byrne and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
This thesis explores the entrepreneur's experience of business failure. It identifies sensemaking, emotions and coping as central to the entrepreneur's failure experience. I adopt a sensemaking and a process perspective to develop two sets of research questions. These questions probe (1) the relationship between sensemaking, emotions and coping, as the entrepreneur learns from business failure, and (2) the way in which sensemaking, emotions and coping unfold for the entrepreneur, throughout the business failure process. I adopt a multiple case study approach, with 13 entrepreneurs who have experienced business failure, to address these two sets of research questions. I conduct both within- and cross- case analysis, of the interview narratives and secondary data, to reveal the following findings. First, existing research on emotions of business failure has mostly focused on the disruptive nature of negative emotions, how they are managed (through coping), and how they obstruct sensemaking. In contrast, this study found there is great diversity in entrepreneurs' emotional responses to business failure. The entrepreneurs' sensemaking process is influenced by combinations of both negative and positive emotions. Further, emotion-focused coping plays a critical role in dealing with negative emotions and meta-cognitive strategies, which focus attention on the failure event, promote self-reflection and facilitate sensemaking. Second, the business failure process has been explained as a sequence of five 'time frames' or 'stages'. However, there is limited empirical exploration of all five stages in a single study. As a result, there is little understanding of how entrepreneurs experience the failure process from start to finish. There is also little understanding of how each stage differs from the next, regarding the entrepreneur's emotions, coping and sensemaking processes. The process analysis of this study identified that business failure is non-linear in nature and that some entrepreneurs make sense of soon after their business closes while others take longer to make sense of the experience. The study also found that entrepreneurs undergo a rollercoaster of rising and falling negative emotions, from the descent of the business to their own re-emergence, and lastly, rather than oscillating between coping strategies, entrepreneurs tended to rely heavily on problem-focused coping, during the descent of the business and as they closed their businesses down. This study is relevant to many audiences. For entrepreneurs, the findings identify challenges and demands of making sense from business failure and provide insight into what the business failure process entails. The greater our understanding of business failure, the less there is to fear. For entrepreneurship educators, this study completes the entrepreneurial life-cycle model and benefits entrepreneurship students in their knowing what to expect if they face business failure. As for enterprise policy makers, this study recommends providing greater support for entrepreneurs who experience business failure, to creating safe, socialised networks and environments to assist entrepreneurs in their sensemaking and recovery.
Why Startups Fail
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Author : Tom Eisenmann
language : en
Publisher: Currency
Release Date : 2021-03-30
Why Startups Fail written by Tom Eisenmann and has been published by Currency this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-30 with Business & Economics categories.
If you want your startup to succeed, you need to understand why startups fail. “Whether you’re a first-time founder or looking to bring innovation into a corporate environment, Why Startups Fail is essential reading.”—Eric Ries, founder and CEO, LTSE, and New York Times bestselling author of The Lean Startup and The Startup Way Why do startups fail? That question caught Harvard Business School professor Tom Eisenmann by surprise when he realized he couldn’t answer it. So he launched a multiyear research project to find out. In Why Startups Fail, Eisenmann reveals his findings: six distinct patterns that account for the vast majority of startup failures. • Bad Bedfellows. Startup success is thought to rest largely on the founder’s talents and instincts. But the wrong team, investors, or partners can sink a venture just as quickly. • False Starts. In following the oft-cited advice to “fail fast” and to “launch before you’re ready,” founders risk wasting time and capital on the wrong solutions. • False Promises. Success with early adopters can be misleading and give founders unwarranted confidence to expand. • Speed Traps. Despite the pressure to “get big fast,” hypergrowth can spell disaster for even the most promising ventures. • Help Wanted. Rapidly scaling startups need lots of capital and talent, but they can make mistakes that leave them suddenly in short supply of both. • Cascading Miracles. Silicon Valley exhorts entrepreneurs to dream big. But the bigger the vision, the more things that can go wrong. Drawing on fascinating stories of ventures that failed to fulfill their early promise—from a home-furnishings retailer to a concierge dog-walking service, from a dating app to the inventor of a sophisticated social robot, from a fashion brand to a startup deploying a vast network of charging stations for electric vehicles—Eisenmann offers frameworks for detecting when a venture is vulnerable to these patterns, along with a wealth of strategies and tactics for avoiding them. A must-read for founders at any stage of their entrepreneurial journey, Why Startups Fail is not merely a guide to preventing failure but also a roadmap charting the path to startup success.
Why Entrepreneurs Really Fail
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Author : Nozer Buchia
language : en
Publisher: iUniverse
Release Date : 2011-06-20
Why Entrepreneurs Really Fail written by Nozer Buchia and has been published by iUniverse this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-06-20 with Business & Economics categories.
Why Entrepreneurs Really Fail, is not just a book... it is the struggle that I have gone through as an entrepreneur, in life and in business. Through various chapters that describe the challenges faced in time by an entrepreneur, I have taken the liberty of highlighting an account of my experiences, my mistakes, my successes and of course my failures. This book is practical for college and university students that want to comprehend what entrepreneurship is all about. It will also serve as a guide for those sitting on the fence, not knowing whether to jump in the world of entrepreneurship or not, and what it would take to be successful. It will help young entrepreneurs acknowledge entrepreneurship struggles and determine their road to success. My experiences will also allow successful businessmen to reflect on their businesses and ascertain the reasons for their triumph or lack of it. The book symbolizes the fact that mistakes are an essential ingredient in the pot of success. It also demonstrates the fact that to be successful, one has to follow the discipline that a business demands with the common sense that is needed to operate it, grow it and then sustain it. To be an entrepreneur one has to behave like one. Emotions have very little to do in business and hence should not be used to either make decisions or even to follow through on them. The book touches on topics that are critical for the success of a business and an entrepreneur. We seldom talk about the entrepreneurs spouse... well I have. Personal experiences and interviews with successful and then not-so successful entrepreneurs have shown that a spouse can make a business or break it. Or for that matter, entrepreneurs that are faced with criticism from their spouses have been known to dump their ventures and move on to a lesser threatening, lesser riskier undertaking. I have even had the privilege of getting into the minds and hearts of these 'silent partners' as they describe their lives as spouses of entrepreneurs. Another topic that I have touched upon is one that is on most people's mind – should an entrepreneur have a partner or should he just be on his own. What are the benefits of a partnership? And then again, what are the disadvantages. I have also vocalized my own experiences and the lessons that can be learnt from these. I describe the habits of an entrepreneur that can surely cause failure and thereby commotion in the business venture. The book also talks about some of the surest things that an entrepreneur should move away from in order to be successful. Also, is entrepreneurship hereditary? I have herein attempted to capture the raw essence of entrepreneurship as is attempted to be passed down from father to son. Is this even possible? All chapters in this book tell a unique story, one that you will be able to relate to. My book is a portrait of success and failure, of accomplishment and anguish, of mistakes and challenges, of risk and reward. Trust you will enjoy reading it as much as I have enjoyed writing it... for you!
Unveiling The Secrets Behind Business Failures
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Author : Robert Burrus
language : en
Publisher: Robert Burrus
Release Date : 2023-04-25
Unveiling The Secrets Behind Business Failures written by Robert Burrus and has been published by Robert Burrus this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-04-25 with Business & Economics categories.
Decoding the Mystery of Business Failures In the world of entrepreneurship, success stories, and unicorn start-ups often make the headlines. Yet, for every business that thrives, several others face the harsh reality of failure. Understanding the reasons behind these failures can provide valuable insights for entrepreneurs looking to minimize their risks and maximize their chances of success. Business failure is an enigma that has perplexed entrepreneurs and academics alike for decades. Despite the wealth of knowledge and experience available, businesses continue to fail at an alarming rate. This comprehensive analysis delves into the underlying factors behind business failure, exploring the reasons for the collapse of both established organizations and start-ups, as well as the lessons that can be learned from these unfortunate outcomes. One of the primary causes of business failure is the ever-changing market landscape. Companies often fail to adapt to new market trends, technologies, and shifting consumer preferences. This inability to evolve and stay relevant in the face of fierce competition can lead to dwindling revenues and, ultimately, failure.
Finding Success In Failure
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Author : Lucas Carlson
language : en
Publisher:
Release Date : 2015-02-13
Finding Success In Failure written by Lucas Carlson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-02-13 with categories.
"This book is a fantastic Entrepreneurship 101 course. If you are serious about building a company, this is where to start." Tucker Max, New York Times #1 Bestselling Author and Entrepreneur In every field, from chess to gymnastics, "we can make bigger gains by reducing mistakes than by making winning moves." This is especially true in business. We study the greats, trying to extract valuable lessons, when avoiding a few key blunders would be more valuable. Fortunately, advice on what not to do is universally applicable. The ways to fall down the mountain are shared by all climbers, no matter which path they've chosen. This book is here to teach you how NOT to fall down the mountain. How can you be an entrepreneur that beats the odds? How do you build a successful business that not only changes the world for the better, but creates generational wealth for you and your family? You simply need to avoid mistakes -- and this book will show you how. Reviews "When I grow up I want to be like Lucas, who not only knows the pitfalls of startups, but don't keep falling into them" David S. Rose, Legendary NY Angel Investor and TED Speaker "Lucas' perseverance makes him an unstoppable entrepreneur." Neil Patel, Serial Entrepreneur and Popular Blogger "Lucas is the real deal when it comes to entrepreneurs. His commitment to long-term vision makes him stand out amongst a sea of people just trying to make a quick buck." Rob Hayes, Venture Capitalist "Lucas is a passionate entrepreneur and totally dedicated to his craft -- I backed him once and I'd do it again in a heartbeat" Chris DeVore, Seed-Stage VC "Startup life is a bizarre, thrilling, exhausting, painful and occasionally amazing ride. But it's easy to feel alone on the trip. Let Lucas be your companion and remind you of what to do and, more importantly, what not to do." Dave Hersh, Founder of Jive Software "His hard-won entrepreneurial wisdom and a penchant for sharing his inspiring stories is why I chose to profile Lucas in The Lean Entrepreneur." Patrick Vlaskovits, New York Times Bestselling Author of The Lean Entrepreneur "Lucas has distilled years of painful startup lessons into one clear and actionable book. Don't waste your time and money learning these lessons the hard way " Kurt Sussman, Serial Entrepreneur "Lucas writes with passion and provides rock solid advice based on personal experience. Building a startup is hard, but this book can make it a lot easier by showing you the essentials you need to focus on, and the pitfalls you should avoid." Justin Sumner, Founder "Lucas imparts the sound tactics of a seasoned veteran. Invest wisely in your company's most valuable asset: you." Oliver Lade, Entrepreneur "Packed with insight, witty humor and approaches to difficult situations. Lucas shares truths that have an audience beyond the entrepreneurs for which the book is intended. His experience shines through the book as he draws the reader in to explore a mindset of what it means to be a founder." Brandon Dube, Founder
Do Fail Learn Repeat
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Author : Nicholas Haralambous
language : en
Publisher: Jonathan Ball Publishers
Release Date : 2018-06-25
Do Fail Learn Repeat written by Nicholas Haralambous and has been published by Jonathan Ball Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-25 with Business & Economics categories.
Are you bored and baffled by spin doctors telling you how to succeed, how to make $1 000 000 or how to build the best business in just 30 days? Everyone claims to have the next best short cut or hack to help you along the path of entrepreneurship. It's all bullshit. In his business autobiography Do. Fail. Learn. Repeat. Nicholas Haralambous discusses the truth about the last 15 years of his entrepreneurial journey. ANYONE CAN START SOMETHING. Nic openly discusses his failures and sacrifices over the past decade and a half spent building businesses. There is advice all over the place about the rules to follow if you want to succeed, the do's and don'ts of running a company, the how-to of how-to do this, that or the next thing. There are also many personalities out there telling young entrepreneurs to hustle non-stop, risk everything and never sleep if they want success. YOUR CHANCE OF FAILURE IS ALMOST GUARANTEED. No one talks about how hard it is, how lonely it is and how difficult it is to build a business. No one is willing to forgo their ego and be honest. If nothing else, Nic Haralambous is honest about his journey. MOST PEOPLE WON'T LEARN. Nic has lived the hustle; he has pushed through physical pain, mental suffering, business failures, personal torment and relationship strife all in the name of building businesses. ALMOST NO ONE DOES IT AGAIN. Nic decided to write a big book of his failures so that entrepreneurs around the world can begin to understand that it is not always glamorous, easy or fun to build a business. If entrepreneurship is calling you then you absolutely cannot miss out on the truth, behind the business, written by Nic Haralambous.
How To F Ck Up Your Startup
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Author : Kim Hvidkjaer
language : en
Publisher: BenBella Books
Release Date : 2022-02-15
How To F Ck Up Your Startup written by Kim Hvidkjaer and has been published by BenBella Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-02-15 with Business & Economics categories.
WALL STREET JOURNAL BESTSELLER Every business owner dreams of success, but the majority of businesses are doomed to fail. This book offers a journey through the pitfalls that cause 90% of companies to crash—and the crucial remedies entrepreneurs can use to avoid (or fix) them. Kim Hvidkjær was 29 years old when he became a millionaire. Two years later, after a cluster of disasters, he found himself basically broke. Now, having rebuilt his fortune as the founder of several successful enterprises and studied thousands of failed startups, Hvidkjær has become an expert in failure: what it means, what it looks like, and the strategies that business owners can use to prevent it. In How to F*ck Up Your Startup, he takes us on an entertaining and enlightening journey through the complex patterns of failure in the life cycle of a business, covering: Attitude mistakes Business model missteps Market research snafus Funding and financial blunders Product development errors Organization oversights Sales slip-ups Growing pains Most important, he tackles what to do when your business has gone wrong. Hvidkjær fleshes out a tangible, usable blueprint for entrepreneurs looking to learn (the easy way) from the mistakes of businesses gone before. Chock-full of easy-to-follow business lessons that will keep you from f*cking up your startup, this down-to-earth guide offers crucial, actionable advice for seasoned business owners and startup founders alike. A masterclass in failure, How to F*ck Up Your Startup is required reading for reaching success.
Trailblazing In Entrepreneurship
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Author : Dean A. Shepherd
language : en
Publisher: Springer
Release Date : 2017-01-21
Trailblazing In Entrepreneurship written by Dean A. Shepherd and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-01-21 with Business & Economics categories.
This book is open access under a CC BY 4.0 license.In this book, the authors present a challenge for future research to build a stronger, more complete understanding of entrepreneurial phenomena. They argue that this more complete picture of entrepreneurial phenomena will likely come from scholars who undertake at least some trailblazing projects; from scholars who broaden the range of research questions, the potential outcomes of entrepreneurial action, and the selection and combination of research methods; and from researchers who avoid the endless debates about the margins of the field and its sub-fields or about whether one theoretical or philosophical lens is superior to another. This book offers suggestions for future research through a variety of topics including prosocial action, innovation, family business, sustainability and development, and the financial, social, and psychological costs of failure. It promises to make an important contribution to the development of the field and help academics, organizations, and society make useful contributions to the generation of entrepreneurial research.
The Other F Word
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Author : John Danner
language : en
Publisher: John Wiley & Sons
Release Date : 2015-03-16
The Other F Word written by John Danner and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-03-16 with Business & Economics categories.
Leverage the power of failure in your organization Nobody wants to fail, but failure is a fact of life. Most of us treat it as a regrettable, even shameful, event best overlooked. In truth, failure can be a game-changing strategic resource that can help you and your organization achieve the greater success you crave. The Other "F" Word shows how successful leaders and teams are putting failure to work every day - to re-engage employees, spark innovation and accelerate growth. Authors Danner and Coopersmith - with their rare blend of senior-level executive experience, global advising, teaching acumen and cross-discipline perspective - share these valuable new practices, and show how they can improve results across your organization. Based on exclusive interviews with prominent leaders and insightful examples from their own in-depth work, the book features a practical seven-stage framework to liberate failure as a force to advance your leadership agenda. After all, everyone creates and confronts failure on a daily basis. Why not use it to your advantage? The Other "F" Word shows you how to: Start an open, productive conversation about failure across your organization Reduce the fear of failure that stifles initiative, creativity and engagement Anticipate, prepare for and respond to failure, so you can leverage it when it happens Harness failure as a catalyst to drive innovation, improve performance and strengthen culture Failure's like gravity – pervasive and powerful. Whether you're a leader or team member of a startup, a growing business, or an established enterprise, failure is today's lesson for tomorrow. Let The Other "F" Word show you how to apply this lesson and take your company where it needs to go.
Value Of Failure
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Author : Leszek Gracz
language : en
Publisher: Anthem Press
Release Date : 2017-11-28
Value Of Failure written by Leszek Gracz and has been published by Anthem Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-28 with Business & Economics categories.
There is a clear economic and social rationale in providing a second chance to failed entrepreneurs and deriving positive experiences from negative situations. Value of Failure is a comprehensive attempt at understanding the various aspects of the phenomenon of business failure. The book covers various aspects of second-chance entrepreneurs (and economic failure in general) and opportunities for changing general perception toward the phenomenon. It enables readers to understand business failure from the perspective of institutional theory; economic failure in the process of small business growth in the context of the shadow economy; Schumpeter’s theory of ‘creative destruction’ and the fear of failure; sustainable economic growth and development; and system approach to failures and their impact on the enterprise operation.