Failure

Explain the factors that might influence an enterprisers decision to start-up another new venture following the distress of their business. Introduction This paper aims to describe and analyse a broad range of factors that an entrepreneur may take into account before motherning a new business venture, and will also provide an shrewdness into the mindset of an entrepreneur given that they have encountered previous hardship and the consequences of said blow. However, before being able to fully breed the factors that can affect an entrepreneurs decision to begin a new venture after failure we must first develop a greater understanding of the term, failure. As Scott and Lewis (1984) state, what is needed is clearer thinking about what failure sincerely means and an awareness that more than one perspective is baffling: what one sees always depends on where one is standing (p53). pursuit the explanation of the term failure, this paper will whence subdivide the factors into three main categories, these being interior, external and financial. The internal issues accept psycho analytical consequences and reactions to the previous failure, educational background twain prior to and including the failure and the personality of the entrepreneur.

External aspects that will be considered include economic issues, such as government legislations, fire rates and the affluence of the population as well as looking at market trends and new technologies. The financial family line can be linked to the government at times, for modeling when concerning bankruptcy law and debt consolidation, but can also include venture capitalists, loans and personal equity. Once these factors have been thoroughly explained, this clause will then look to provide a logical and rational analysis of the question, and of the entrepreneurs ability to organize such a decision after a failure. Defining failure The idea of failure is difficult to define, chiefly because there are so many different... If you want to evolve a full essay, order it on our website: Ordercustompaper.com

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