What is your definition of business failure?
We understand that the definition of success and failure can mean different things to different people, contextually subjective.
In order to keep things simple at Flipidea, our definition of business failure refers to the cessation or closure or shutdown of a business operation (company), either by voluntary winding up or compulsory (involuntarily) winding up, due to its inability to make a profit or generate sufficient revenue or cash flow to cover its expenses.
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Last edited on 6 January 2022.