What happens to entrepreneurs
when their businesses fail?
Get the answer in the Journal of Management review, “Life after Business Failure: The Process and Consequences of Business Failure for Entrepreneurs“:
People hear of highly successful entrepreneurs extolling the virtues of failure as a valuable teacher. Yet the aftermath of failure is often fraught with psychological, social, and financial turmoil. The purpose of this article is to review research on life after business failure for entrepreneurs, from the immediate aftermath through to recovery and re-emergence.
Click here to read the article, published on August 23, 2012 by Deniz Ucbasaran of the University of Warwick; Dean A. Shepherd of Indiana University; and Andy Lockett and S. John Lyon, both of the University of Warwick.
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Tags: business failure, cost of failure, emotions, entrepreneurs, learning, sensemaking
