Entrepreneurial Resilience: What makes Entrepreneurs start another business after failure?

Authors

  • DR. JNANESHWAR PAI MAROOR Assistant Professor
  • Ms. Sharal Shaina Mathias
  • Ms. Renita Rena Serrao

Keywords:

Entrepreneur, Business, Resilience, Motivation

Abstract

An Entrepreneur is a person who sets up a business or businesses, taking on financial risks in the hope of making profit. This risk sometimes may turn into failure. But those entrepreneurs who are resilient are keen to survive. The word resilience refers to the ability to overcome difficulties and perform better than expected. The purpose of analysing “Entrepreneur’s Resilience” is not only to understand entrepreneur’s desires and motivation to bounce back successfully, but also to recognize how they rebuild their business enterprise after failure. Resilience theory originated from pressure adjustment in psychotherapy. This theory explains how an individual deal at the time of difficulty and how these crises may enhance his/her ability. It focuses on struggle and the courage that an individual shows in the time of difficulties.

Additional Files

Published

2017-11-08

How to Cite

MAROOR, D. J. P., Mathias, M. S. S., & Serrao, M. R. R. (2017). Entrepreneurial Resilience: What makes Entrepreneurs start another business after failure?. NOLEGEIN- Journal of Entrepreneurship Planning, Development and Management, 1(1), 5–10. Retrieved from https://mbajournals.in/index.php/JoEPDM/article/view/64

Issue

Vol. 1 No. 1 (2018): NOLEGEIN Journal of Entrepreneurship Planning, Development and Management

Section

Research Paper

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