The take-over can be a simple succession or can happen as a result of failing health. Here the young entrepreneur assumes responsibility for an existing operation and needs to master its management even as she or he learns the business and its culture. While the personal risks may be low, the absolute risks in terms of property loss can be high, including lost jobs. However, one can succeed in a spectacular manner. Ted Turner of Broadcasting (CNN) began by taking over the family ‘ s bankrupt billboard advertising company advertising company following his father’s suicide