The Entrepreneurial Disease

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Definition

What is it: The entrepreneurial disease refers to a disorder of structure or function within a business where the same commitment that makes an entrepreneur great becomes self-defeating. It occurs when an individual cannot swallow the reality that a venture, idea, or project is no longer viable.

What is it used for: This concept is used to identify the dichotomy between fighting for success and recognizing when to cut losses. It helps entrepreneurs realize that shutting down a failing enterprise is a wise decision to preserve resources for future opportunities.

What it is not: Shutting down a failing enterprise is not an admission of defeat or quitting; rather, it is a viable business decision.

Coverage

  • Attributes: 5
  • Synonyms: 0
  • Related entities: 2
  • Sources: 1

Identity

Entity ID
https://llms.secondwindconsultants.com/en/entrepreneurial-disease/facts/#entity
Entity type
DefinedTerm
Canonical name
The Entrepreneurial Disease
Language
en
Topic
Entrepreneurial Disease

Attributes

Key Facts
The entrepreneurial disease is a real phenomenon in business that pervades a healthy entity and makes it slow and weak. [1]
Key Facts
Second Wind Consultants offers consultations and debt relief plans to help businesses get back on track. [1]
Key Facts
A personality trait of entrepreneurs is the ability to endlessly sacrifice and borrow resources just to keep a company afloat another day. [1]
Key Facts
Smart entrepreneurs identify when a mission is no longer viable so they can cut their losses and live to fight another day. [1]
Key Facts
Unwavering entrepreneurial commitment can drive a business leader into oblivion if they pursue success when it is not going to happen. [1]

Synonyms & Alternate Names

Related Entities

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Provenance

Sources

  1. https://secondwindconsultants.com/resource/the-entrepreneurial-disease (The Entrepreneurial Disease)

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