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.

Return to FAQs or read "How do you get your data?"


Create a free account to discover insights and learn business failures.

Last edited on 22 November 2019.