Find three accounts by entrepreneurs describing their experiences with poorly performing firms and the process of going through bankruptcy. In what ways were their experiences similar? In what ways were they different? Did emotions play a role? Did the entrepreneurs learn from the experience?
Interview a member of a family business and gain a deeper understanding of the issues surrounding the management of such a business, especially those related to succession.
Write an account of the emotions that you felt when someone or something close to you was lost forever (you will not be required to present this to the class). How did these emotions impact your ability to perform other tasks? How did you overcome these negative emotions? To what extent do you believe that entrepreneurs go through a similar process when their businesses fail?
