Business Failure and the Lottery Syndrome: A Note

Paul E. Adams
Additional contact information
Paul E. Adams: Ramapo College of NJ

Journal of Entrepreneurial Finance, 1994, vol. 3, issue 2, 159-163

Abstract: A significant number of new business failures can be traced to the fact that the founder(s) missed the mark on many of these traits required for success. They may not have inspired confidence in anyone, including themselves. They may have been easily upset by problems. They may have had difficulty in maintaining any internal optimism with no clear vision or realistic goals. Lastly, they may have succumbed to wishful thinking and the need for instant gratification with the material trappings of the business; thus creating an emotional foundation for failure.

Keywords: Failure; Lottery Syndrome; Business Failure (search for similar items in EconPapers)
JEL-codes: G33 (search for similar items in EconPapers)
Date: 1994
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://jefsite.org/RePEc/pep/journl/jef-1994-03-2-e-adams.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pep:journl:v:3:y:1994:i:2:p:159-163

Access Statistics for this article

More articles in Journal of Entrepreneurial Finance from Pepperdine University, Graziadio School of Business and Management Contact information at EDIRC.
Bibliographic data for series maintained by Craig Everett ().