Why Entrepreneurs Fail: How to Avoid the Traps
- 1 January 1993
- journal article
- Published by Emerald Publishing in Management Decision
- Vol. 31 (1)
- https://doi.org/10.1108/00251749310023139
Abstract
Would‐be entrepreneurs who start or acquire businesses, driven by the popular belief that executive competence can conquer all, are likely to be disappointed. Executive competence, while important, is often subordinate to the concept and capital utilization characteristics of the business in determining organizational outcomes. Proposes five guidelines for starting or acquiring a business which, if observed, will increase the chances of entrepreneurial success and corresponding wealth accumulation.Keywords
This publication has 2 references indexed in Scilit:
- Information Power in the Private CompanyJournal of General Management, 1992
- The dark side of the entrepreneurLong Range Planning, 1991