Reflecting the need for a better and broader understanding of the factors influencing the choices to enter into or exit an entrepreneurial career, this article applies a structured, normative model of career management to the career decision-making of entrepreneurs. The application of a structured model can assist career counselors, college career centers, outplacement firms, and other vocational advisors in properly guiding students and working adults in deciding on an entrepreneurial career. The career decision-making needs of entrepreneurs are examined at two different phases—the choice to become an entrepreneur and the potential to stay in or exit from the business. By summarizing existing research, the article examines key developmental and exploration tasks at each phase. The article concludes with an overview of areas for future research on the career decision-making of entrepreneurs.