Abstract
This research aims to describe the career and the entrepreneurial learning of micro-enterprises owners that identified new opportunities after the business failure. The methodology consists of a qualitative and exploratory study, with a cross-section approach and longitudinal perspective. Two entrepreneurs participated in the study, selected by convenience and availability, based on established criteria. Data collection was conducted through in-depth interviews, the interviews were recorded and transcribed. The dates were analyzed using content analysis. The study shows that new knowledge emerged from a learning journey in the context of business failure. It is learning about yourself, persistence, and resilience to succeed in new activities; about business and failure, flexibility to change the focus; on networks and relationships, as experience working with partners, employees and establish a network with the business partners; and on business management, to learn to minimize risks, because they understand that you must have a minimum knowledge of the market. During the development of new business, there is a predominance of exploration to transform the experience into entrepreneurial knowledge.
Highlights
In the scenario of a globalized economy, interest in entrepreneurship is growing as a continuous learning process, as well as in the search for means that lead to greater productivity, competitiveness, and innovation (POLITIS, 2005, 2008)
Failure can be an important source for the development of skills and knowledge for future endeavors (COPE, 2011; POLITIS, 2008, 2009; SHEPHERD, 2003; UCBASARAN; SHEPHERD; LOCKETT; LYON, 2013)
It is a process where an entrepreneur’s personal experience is transformed into knowledge, which in turn can be used to guide the choice of new opportunities (POLITIS, 2005)
Summary
In the scenario of a globalized economy, interest in entrepreneurship is growing as a continuous learning process, as well as in the search for means that lead to greater productivity, competitiveness, and innovation (POLITIS, 2005, 2008).According to the Brazilian Micro and Small Business Support Service [SEBRAE] (2014), micro and small businesses in the country (MSBs) represent more than half of formal jobs and are already the main generators of wealth in commerce, representing 53.4 % of Gross Domestic Product (GDP). Failure can be an important source for the development of skills and knowledge for future endeavors (COPE, 2011; POLITIS, 2008, 2009; SHEPHERD, 2003; UCBASARAN; SHEPHERD; LOCKETT; LYON, 2013). It is a process where an entrepreneur’s personal experience is transformed into knowledge, which in turn can be used to guide the choice of new opportunities (POLITIS, 2005). The experience arising from business failure represents the dynamic perspective of entrepreneurship, of what and how entrepreneurs learn, both personally and concerning business (COPE, 2011)
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