Question

Business failure is one of the most important lessons you should take away from this course. The average successful entrepreneur usually fails at least three times in some sort of venture before they succeed. These entrepreneurs learn from their mistakes and apply it to the next business. It is important to learn why companies fail as they're mostly preventable.

A company named Solyndra based in California built solar panels, the business was considered a failure. Do you think this is true, could anything have been done to prevent them from filing chapter 11 or were they doomed from the start?

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Solyndra was based on the concept of the manufacture of solar panels. In my opinion, the idea was not bad and the reason behind the firms’ collapse. The poor execution of the idea was the reason that the firm had to file for bankruptcy. Green energy is in much demand these days and as there are...

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