ABSTRACT
This chapter discusses generic business growth and expansion strategies with focus on those more commonly pursued by African entrepreneurs. The point is that entrepreneurial exits are often stepping stone to other future ventures and successes. Entrepreneurial exits often provide significant benefits to the entrepreneur. DeTienne also points out that entrepreneurial exits do not just offer benefits for individual entrepreneurs, but also for the industries and economies in which they operate. In fact, new venture creation on the part of entrepreneurs who have experienced entrepreneurial exits are often better suited to recognize opportunities, understand customer and market needs, as well as resource requirements to meet those needs. Contrary to the idea that entrepreneurial exits are a negative factor, African entrepreneurs should embrace them and use them as a source of entrepreneurial learning. Given realities about entrepreneurial exits in Africa and the benefits that may be derived, it is important to understand what factors that would-be entrepreneurs in Africa should focus on.
