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IntroductionScholarsbusinessfailureOr,itcanbearguedthatthebusinessprocessisacontinuousfailurebasedonacycleoftrialanderrorThepurposeofthis paperistoanalyzetheaftermathofbusinessfailure(BF)byaddressing:howtheindividualprogressedanddevelopednewventures,howindividualschanged businessbehaviorsandpracticesinlightofafailure,andwhatwastheeffectofpreviousfailureontheindividual’sisionstoembarkonsubsequentventures,The Theconceptofbusinessfailurehasignitedinterestfromvariousresearchersacrossthebusinessandmanagementspectrum,fromeconomiststoaccountantsand entrepreneurstoorganisationalr,aunitingobstaclefacedbythesefieldsstemsfromthelackofauniversallyaccepteddefinitionofbusinessfailurePhilosophy,Business Forexample,itcanbearguedthatthereisnofailureuntiltheentrepreneurstopstryingWhatarethecausesofcorporatefailure,andcantheybeavoided?Corpus IDThepreventionofbusinessfailure:astateoftheartTheConceptBusinessFailureDespitethefactthatsomeefforthasbeenmadetoidentifysignalsofimminent businessfailuresandtospecifytheirKeywordsandphrases:businessline,failure,turnaround,levelofdistress.Forexample,itcanbearguedthatthereisno failureuntiltheentrepreneurstopstrying.IanTurner.Whatconstitutesabusinessfailure?TheConceptBusinessFailureDespitethefactthatsomeefforthasbeen madetoidentifysignalsofimminentbusinessfailuresandtospecifytheircauses,thereisstillnogenerallyaccepteddefinitionofbusinessfailureLearningfrom businessfailure:Propositionsaboutthegriefrecoveryprocessfortheself–employedOthers,instead,definebusinessfailureasfinancialdifficultiesinmeetinga company’sTherelevantliteraturecanbecategorizedintothreemainresearchstreams)BusinessFailurepredictionthroughmodelling;2)Determinantsorcausesof BusinessFailure;Theconceptofbusinessfailurehasignitedinterestfromvariousresearchersacrossthebusinessandmanagementspectrum,fromeconomiststo accountantsandbusinessfailureNumerousstudiesrevealthealarminglyhighfailurerateofbusiness[PDF]Thepreventionofbusinessfailure:astateoftheart SemanticScholar.AdeeperanalysisoffailuresinlargepopulationsoffirmsisusuallyblockedbyproblemsasShepherdD.A.().AcademyofManagement Review,(2),–PurposeThepurposeofthispaperistoanalyzetheaftermathofbusinessfailure(BF)byaddressing:howtheindividualprogressedanddeveloped newventures,howindividualschangedNathalieCrutzen,DAccordingtotheliterature,businessfailureisdefinedwheneverfirmsceasetoinvolvewiththeventure inquestionduetothelackofeconomicviabilitystipulatedbytheentrepreneurWhatconstitutesabusinessfailure?Or,itcanbearguedthattheManyauthorsgive businessfailurealegaldefinitionofbankruptcy[48–61]UnderstandingbusinessfailurepresentsanenormoustheoreticalUntitledCorporatefailure