Entrepreneurial business start-ups and entrepreneurial failure: How to stand up after a fall?

There are many reasons for entrepreneurs to start a business, but there is only a thin line between success and failure, and not everyone is willing to try to start a business again after encountering a failure. Therefore, it is worth exploring how start-up losers accumulate the energy of entreprene...

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Main Authors: Lee-Yun Pan, I-Chih Tsai, Shu-Hui Popan, Shih-Chi Chang
Format: Article
Language:English
Published: Frontiers Media S.A. 2022-10-01
Series:Frontiers in Psychology
Subjects:
Online Access:https://www.frontiersin.org/articles/10.3389/fpsyg.2022.943328/full
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author Lee-Yun Pan
I-Chih Tsai
Shu-Hui Popan
Shih-Chi Chang
author_facet Lee-Yun Pan
I-Chih Tsai
Shu-Hui Popan
Shih-Chi Chang
author_sort Lee-Yun Pan
collection DOAJ
description There are many reasons for entrepreneurs to start a business, but there is only a thin line between success and failure, and not everyone is willing to try to start a business again after encountering a failure. Therefore, it is worth exploring how start-up losers accumulate the energy of entrepreneurship and the reasons for starting a business again. In this study, the typical sampling method was adopted to select a suitable and representative case company entrepreneur for an in-depth interview. The results of this study revealed that in the process of the Entrepreneur starting a business three times, the Entrepreneur’s personal motivation and learning ability in the face of failure, coupled with family support, made the Entrepreneur willing to keep trying, even though he had to face the risk of repeated entrepreneurial failures, so that he could keep his positive energy on his entrepreneurial journey and eventually achieve a successful outcome.
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spelling doaj.art-da2742988cc7483bb26e8bbff7f34f542022-12-22T03:31:08ZengFrontiers Media S.A.Frontiers in Psychology1664-10782022-10-011310.3389/fpsyg.2022.943328943328Entrepreneurial business start-ups and entrepreneurial failure: How to stand up after a fall?Lee-Yun Pan0I-Chih Tsai1Shu-Hui Popan2Shih-Chi Chang3Department of Business Administration, National Yunlin University of Science and Technology, Douliu, TaiwanDepartment of Business Administration, National Yunlin University of Science and Technology, Douliu, TaiwanDepartment of Business Administration, National Yunlin University of Science and Technology, Douliu, TaiwanDepartment of Business Administration, National Changhua University of Education, Changhua City, TaiwanThere are many reasons for entrepreneurs to start a business, but there is only a thin line between success and failure, and not everyone is willing to try to start a business again after encountering a failure. Therefore, it is worth exploring how start-up losers accumulate the energy of entrepreneurship and the reasons for starting a business again. In this study, the typical sampling method was adopted to select a suitable and representative case company entrepreneur for an in-depth interview. The results of this study revealed that in the process of the Entrepreneur starting a business three times, the Entrepreneur’s personal motivation and learning ability in the face of failure, coupled with family support, made the Entrepreneur willing to keep trying, even though he had to face the risk of repeated entrepreneurial failures, so that he could keep his positive energy on his entrepreneurial journey and eventually achieve a successful outcome.https://www.frontiersin.org/articles/10.3389/fpsyg.2022.943328/fullentrepreneurentrepreneurshipentrepreneurial failurebounce backfamily support system
spellingShingle Lee-Yun Pan
I-Chih Tsai
Shu-Hui Popan
Shih-Chi Chang
Entrepreneurial business start-ups and entrepreneurial failure: How to stand up after a fall?
Frontiers in Psychology
entrepreneur
entrepreneurship
entrepreneurial failure
bounce back
family support system
title Entrepreneurial business start-ups and entrepreneurial failure: How to stand up after a fall?
title_full Entrepreneurial business start-ups and entrepreneurial failure: How to stand up after a fall?
title_fullStr Entrepreneurial business start-ups and entrepreneurial failure: How to stand up after a fall?
title_full_unstemmed Entrepreneurial business start-ups and entrepreneurial failure: How to stand up after a fall?
title_short Entrepreneurial business start-ups and entrepreneurial failure: How to stand up after a fall?
title_sort entrepreneurial business start ups and entrepreneurial failure how to stand up after a fall
topic entrepreneur
entrepreneurship
entrepreneurial failure
bounce back
family support system
url https://www.frontiersin.org/articles/10.3389/fpsyg.2022.943328/full
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AT shihchichang entrepreneurialbusinessstartupsandentrepreneurialfailurehowtostandupafterafall