Eugene Kaciak

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Research shows entrepreneurs pondering how to exit their companies most often turn to close friends and family for guidance. (Razvan Chisu/Unsplash)

Social networks play a key role when entrepreneurs cut ties to their companies

Narongsak (Tek) Thongpapanl, Brock University; Eugene Kaciak, Brock University; Izabela Koladkiewicz, Kozminski University, and Marta Wojtyra, Kozminski University

Social ties can help entrepreneurs acquire necessary information and insights about their plans to exit a company, as well as provide them with emotional support.

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