| Literature suggests entrepreneurs make their decision to exit their business based on financial, personal, and economic factors. Financial reasons include the maximization of business value. Personal reasons include retirement, health, or personal career decisions. Economic reasons refer to the state of the economy, status of laws that influence business success factors, or the competitive advantage of the business. Using grounded theory methodologies, entrepreneurs who retired in the past five years from small privately held technology consulting firms were interviewed to determine if a particular factor, financial, personal, or economic, played a significant role in the decision by entrepreneurs to exit their business. |
