{"id":66535,"date":"2020-06-22T09:24:19","date_gmt":"2020-06-22T13:24:19","guid":{"rendered":"https:\/\/brocku.ca\/brock-news\/?p=66535"},"modified":"2024-09-01T09:55:06","modified_gmt":"2024-09-01T13:55:06","slug":"thongpapanl-kaciak-koladkiewicz-and-wojtyra-social-networks-play-a-key-role-when-entrepreneurs-cut-ties-to-their-companies","status":"publish","type":"post","link":"https:\/\/brocku.ca\/brock-news\/2020\/06\/thongpapanl-kaciak-koladkiewicz-and-wojtyra-social-networks-play-a-key-role-when-entrepreneurs-cut-ties-to-their-companies\/","title":{"rendered":"THONGPAPANL, KACIAK, KOLADKIEWICZ and WOJTYRA: Social networks play a key role when entrepreneurs cut ties to their companies"},"content":{"rendered":"

Narongsak (Tek) Thongpapanl, Associate Dean of Research and Graduate Studies, and Professor of Marketing and Product Innovation at Brock University; Eugene Kaciak, Professor of Business at Brock University; Izabela Koladkiewicz, Associate Professor of Business at Kozminski University; and Marta Wojtyra, Business Lecturer at Kozminski University, recently had a piece published in The Conversation<\/a><\/em> about the critical role social networks play in helping an entrepreneur decide how to exit from a business.<\/p>\n

They write:<\/p>\n

\u201cEvery year around the world, entrepreneurs sell or cut ties to their businesses, including in countries known as being optimal for\u00a0entrepreneurship, like Germany, Japan, the United States, the United Kingdom, Switzerland and Canada.<\/em><\/p>\n

But the majority of these entrepreneurs don\u2019t have an\u00a0exit strategy\u00a0and therefore lack a full understanding of\u00a0what\u2019s involved in leaving their companies.<\/em><\/p>\n

An\u00a0entrepreneurial exit\u00a0entails cutting ownership ties and managerial function in a company. Among the possible reasons are:<\/em><\/p>\n

    \n
  1. The health and age of entrepreneurs.<\/em><\/li>\n
  2. The shifting of their work-life balance.\u00a0<\/em><\/li>\n
  3. Exhaustion and boredom with routine.<\/em><\/li>\n
  4. The emergence of another lucrative and rewarding opportunity.<\/em><\/li>\n
  5. The inability to cope with market turbulence and to mitigate against market uncertainty.<\/em><\/li>\n
  6. The incapability to manage ongoing financial problems, as well as\u00a0to deal with unavoidable financial problems that surface during crises, such as\u00a0during the COVID-19 pandemic period.<\/em><\/li>\n
  7. Business exit by bankruptcy.\u201d\u00a0<\/em><\/li>\n<\/ol>\n

    \u00a0<\/em>Continue reading the full article here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Narongsak (Tek) Thongpapanl, Associate Dean of Research and Graduate Studies, and Professor of Marketing and Product Innovation at Brock University; Eugene Kaciak, Professor of Business at Brock University; Izabela Koladkiewicz, Associate Professor of Business at Kozminski University; and Marta Wojtyra, Business Lecturer at Kozminski University, recently had a piece published in The Conversation about the critical role social networks play in helping an entrepreneur decide how to exit from a business.<\/p>\n","protected":false},"author":1,"featured_media":45641,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[39,6],"tags":[5665,2852,594,3029,5512],"_links":{"self":[{"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/posts\/66535"}],"collection":[{"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/comments?post=66535"}],"version-history":[{"count":4,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/posts\/66535\/revisions"}],"predecessor-version":[{"id":66540,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/posts\/66535\/revisions\/66540"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/media\/45641"}],"wp:attachment":[{"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/media?parent=66535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/categories?post=66535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/tags?post=66535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}