In layman terms, failure can be described as an act or instance of failing or proving unsuccessful.
It could also refer to lack of performance of something due,
required or expected. However, speaking in business terms, business failure refers
to a company ceasing operations
following its inability to make a profit or to bring in enough revenue to cover
its expenses. A profitable business can be described as a failing business
if it does not generate adequate cash flow to meet expenses. Failure in a
business in an aspect that ever successful entrepreneur today have experienced
at one point or the other of their career story.
The legendary Steve Jobs, the founder of a company that is
worth so much than tons of individuals and blogs have given their sole
dedication to writing and describing the things that Apple is worth more than.
Although, history has it that Jobs did not always have the luxury of enjoying legendary
success. This goes far back as his inability to even complete his undergraduate
degree as he dropped out of college to being ousted in 1985 by the Apple Board
of Directors. However, Jobs was able to pull himself out of all the blows and
setbacks to leading a company that is today loved by both the young and old.
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