Entrepreneurship is serious business. Failure can have major consequences.
Just like survivors of civil wars and family divorces, survivors of failed entrepreneurial ventures or collaborations rarely forget the past, and in the worst cases, are permanently scarred.
The risk of failure can be avoided or at least minimised. This article sets out 10 questions and answers to light the way.
1. What is entrepreneurship?
We define entrepreneurship as:
"a process which treats the factors of production (land, labour, capital and knowledge) to produce new businesses, goods and services".