How do you define failure?
In my PhD research, Gulst and Maritz provide an excellent summary of how to define failure. If you can find the article – see below. If you cannot find this an alternative is available as an online pdf – click here.
“Gulst, N. and A. Maritz (2009). Venture Failure: Commonalities and Causes. Proceedings of Regional Frontiers of Entrepreneurship Research 2009: 6th International Australian Graduate School of Entrepreneurship (AGSE) Entrepreneurship Research Exchange. L. M. Gillin. Adelaide, South Australia: 557-570.”