Table of Contents

A Psychological Approach to Entrepreneurship

A Psychological Approach to Entrepreneurship

Selected Essays of Dean A. Shepherd

Dean A. Shepherd

Within an entrepreneurial context, what a person thinks and feels and how they behave are hugely consequential. Entrepreneurs often work in scenarios of considerable time pressure, task complexity, uncertainty and high performance variance. This fascinating volume explores the unique psychological qualities of individuals directly involved in the entrepreneurial process.

Chapter 25: Learning from Business Failure: Propositions of Grief Recovery for the Self-Employed

Dean A. Shepherd

Subjects: business and management, entrepreneurship

Extract

Businesses fail. In 2001, 12,457 U.S. businesses ceased operations, only to have their assets liquidated and the proceeds remitted to creditors (chapter 7 bankruptcy). This statistic understates the number of business failures bacuse it fails to account for those businesses sold or merged with another firm to avoid bankruptcy.

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