Transfer can occur through various mechanisms: 1. Succession Planning: In family-owned businesses, ownership and management are often transferred to the next generation. This requires careful planning to ensure the new leadership is prepared. 2. Sale of Business: Entrepreneurs may choose to sell their business to another company or individual. This involves a valuation of the business, negotiation, and legal formalities. 3. Mergers and Acquisitions: Businesses may merge with or be acquired by another company. This often involves complex financial and legal considerations. 4. Franchising: Entrepreneurs can transfer the operational model and brand to franchisees, who then run the business under the established brand.