As part of an attempt to make entrepreneurship more congruent with everyday experiences, the founding of a new firm is compared to the birth of a child.Following a discussion of the role of metaphors in the study of entrepreneurship, the entrepreneurial process is compared methodically to the...

We develop a conceptual model of entrepreneurial exit which includes exit through liquidation and firm sale for both firms in financial distress and firms performing well. This represents four distinct exit routes. In developing the model, we complement the prevailing theoretical framework of...