Research shows entrepreneurs pondering how to exit their companies most often turn to close friends and family for guidance. (Razvan Chisu/Unsplash) June 21, 2020 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.