The following entrepreneurs have come to the end of their small business life cycle. Can you tell how they ended their business?

1. Chiyoko was able to sell her restaurants assets and use these proceeds to pay off her debts and still have something leftover for retirement.
2. Akeem’s son took over the family business.
3. Howard’s debts far exceeded his assets to the point that he was forced to close his restaurant.
4. Vivian was tired of running her florist shop and gave it to her assistant.
5. Lupita closed her business, but needed several months more to finally pay off its debts.
6. Roseanne’s gift shop was absorbed by a chain of gifts shops in the area.
7. Delores’ employees purchased all the stock of her glass manufacturing company and took over ownership.
8. Melva was able to close the doors of her clothing store after paying off all its obligations.