Why Companies Fail--and How Their Founders Can Bounce Back
Leading a doomed company can often help a career by providing
experience, insight, and contacts that lead to new
opportunities, says professor Shikhar Ghosh. Key concepts
include: - Most start-ups fail due to lack of foresight, lack of
wiggle room in the business plan, bad timing, or lack of
funding. - But too much funding for an unstable business model
can take what would have been a small failure and turn it into a
huge one. - Running a doomed company can actually help a career,
yielding experience and networking opportunities with venture
capitalists and other entrepreneurs. - While failure of a
business or project is a learning experience, personal lapses in
ethical or moral behavior can damn a career. Most companies
fail. It's an unsettling fact for bright-eyed entrepreneurs, but
old news to start-up veterans. But here's the good news:
Experienced entrepreneurs know that running a company that
eventually fails can actually help a career, but only