Prioritization of The Entrepreneurial Exit Causes at Business Growth Stages

Abstract

Purpose: The exit of the entrepreneur is an important decision during the entrepreneurial process. The exit is part of the entrepreneurial process and has a great impact on the business ecosystem and the economy. The study of the entrepreneurial process is incomplete without examining the phenomenon of exit. In this research, we intend to achieve a more accurate understanding of this phenomenon by analyzing the entrepreneurial exit during the six stages of growth. The prioritization of the exit reasons for the business and social entrepreneur will contribute to a more accurate understanding of this area. We used repeated-measures methods to rank the reasons for exit reasons. Methodology: The research sample consisted of experts and entrepreneurs who were done consciously by the snowball and sampling method. Findings: After reviewing the opinions of experts and entrepreneurs, it was found that the importance of exit reasons in both types of business and social entrepreneurs changes during the different stages of business growth. On the other hand, the reasons for exit from the viewpoint of the entrepreneur are not necessarily related to each other so that the importance of exit causes from the perspective of the individual and social entrepreneur is different but from the perspective of the business and social enterprise is identical. These results indicate that the exit causes are different in different stages and cannot be included in the exit list for all businesses regardless of their growth stage. Originality/Value: This study uses the method of measuring duplicate measures to rank the reasons for the departure of Iranian entrepreneurs (at the commercial and social level) during different stages of business growth.

Keywords

• entrepreneurs exit
• business growth stages
• social entrepreneur
• business entrepreneur