Note the quotation from the extract below and discuss the various methods of generating ideas entrepreneurs who have closed their start up can utilise to "Bounce back" using your OWN example to support you discussion.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Note the quotation from the extract below and discuss the various methods of generating ideas entrepreneurs who have closed their start up can utilise to "Bounce back" using your OWN
example to support you discussion.


“The pain of closing a business can overwhelm founders, whose identity is intertwined with that of their venture. Failed
founders wonder what they’ll do next—are they employable? Adding to their worries, their personal finances may be in
shambles. Most entrepreneurs cut their own salaries as their venture goes into decline, and many have invested their
life savings in the startup—along with funds from friends and family.

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