An entrepreneur wants to own a bakery. She opens a bakery that specializes in wedding cakes. After 6 months the business fails and the bakery must close. Based on this failure, which choice should the entrepreneur make?
1) Start a new business in a different industry
2) Open a bakery that specializes in a different type of cake
3) Analyze the reasons for the failure and make improvements before reopening the bakery
4) Give up on the idea of owning a bakery
