Face-Saving for Embarrassed Entrepreneurs

Face-Saving for Embarrassed Entrepreneurs | Wayne Greenwald

The other day, I had a telephone call with a client we'll call Slim. Slim was worried about the impact a venture's winding up might have on his public image. His concern was that a creditor might blab to the press, which would then show him in a negative light. Slim is an entrepreneur and, as an entrepreneur, Slim assumes the risk of failing ventures. Most fail. I assume Slim's reputation is built, in part, on his success. I also assume that his success rate is favorable.

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