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ERIC Number: ED265088
Record Type: RIE
Publication Date: 1985
Pages: 5
Abstractor: N/A
Reference Count: 0
ISBN: N/A
ISSN: N/A
Fail-Safe Entrepreneurship: Six Reasons You Shouldn't Start a Small Business.
Paradiso, James R.
Given the statistic that 97 percent of all new businesses fail, it is unwise to enter into a new small business venture. Many aspiring entrepreneurs lack the characteristics and background they need to survive and instead display several common characteristics which predispose them to failure, such as being non-aggressive and casual, failing to develop an action plan or seek professional advice, and lacking sufficient managerial experience. Moreover, they often do not realize the number of uncontrollable factors working against the success of a new business. These negatives are presented as a six-point argument, following which readers are invited to make tape-recorded rebuttals to each point, then wait a week, then play back the tape as detached observers while mentally asking a set of objective questions about the person on the tape as a potential business owner. The person who can answer all these questions positively might be among the three percent of new business owners who succeed. (LP)
Publication Type: Opinion Papers
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A