![\"Advanced](\"https:\/\/berkonomics.com\/wp-content\/uploads\/2012\/08\/Advanced-Berkonomics-soft-front-cover-small.jpg\")
<\/a>Questions to be asked include:\u00a0 \u201cWhat were the major factors contributing to the failure?\u201d \u201cHow quickly did you and your team change the plan when faced with the first signs?\u201d \u201cDid you seek outside guidance?\u201d<\/p>\n[Email readers, continue here…]\u00a0<\/span><\/em> Most failed entrepreneurs blame undercapitalization for the cause of the failed business. Investors do not like to hear this excuse, even if absolutely true. Any business can use more money.\u00a0 It is up to management to scale the development, marketing and production based upon resources available.<\/p>\n But sometimes, that includes the promise of investment or loans upon reaching milestones, and occasionally the investor does not fulfill those promises. \u00a0There are lessons to be learned about reliance upon outside investors, early use of limited resources, and communication with investors, all to be gleaned from such experiences.<\/p>\n So consider a failure as an opportunity. Some will flee to safety and seek a stable job in the wake of a failure. Others, often serial entrepreneurs, will carefully think out the experience and vow not to repeat it, creating an intellectual advantage over others making their run in the establishment of a new venture.<\/p>\n","protected":false},"excerpt":{"rendered":" Not all companies are successful. The end game can be a failure of the business.\u00a0 In fact, many angel investors or venture capitalists look for and respect the lessons learned by entrepreneurs that have survived a failed business.\u00a0 The key … Continue reading