First of all, the manager could be not mature enough to start his own business or doesnt have enough experience about start business.
second of all, the person should mind about the economic trend so the manager can make a better choice before the business breakrupt.
here are 2 example:
1.
Technōs Japan
computer and video game industryInitially operating from a single-room apartment, Technōs was founded in 1981 by three staff members of Data East. Their first game was Minky Monkey, released in 1982. At that time They even need helps from others companies for pulished and distributed. However, the business was running good at beginning even got famous. but they didnt come up too much ideas on games since they had really successful video game. in the rest of the games, they were just putting the same ideas on different names. By 1996, Technōs Japan declared bankruptcy and went out of business.Since Technōs Japan's closure, a company called Million has purchased the former intellectual properties of Technōs Japan and are producing new games based on them.
SyQuest Technology
Over the period 1995 to 1997 sales declined, resulting in a series of losses. In the first quarter of 1997 those losses had been reduced to $6.8 million with net revenues increasing to $48.3 million.
SyQuest filed for bankruptcy in late 1998, and portions of the company were subsequently purchased by Iomega Corp. in January, 1999. SyQuest retained the rights to sell their remaining inventory, on condition of renaming themselves SYQT in order to continue operations. For several subsequent years, a Web site at www.SYQT.com sold disk drives and media, and provided software downloads in support of those products. As of January 22, 2009, that Web site ceased to exist.
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