Abstract
Some small and medium-sized enterprises (SMEs) in Sri Lanka have expanded and succeeded, while others have declined or remained stagnant. What variables impact the failure of entrepreneurs in small and medium-sized businesses? The objective of this study is to identify the characteristics of enterprises that have an impact on the success of SMEs in Sri Lanka. An exploratory case study was conducted to investigate the factors that impact business success. Qualitative comparative analysis with within-case and cross-case analysis was used to analyze the data. Results revealed a positive impact of personal values and attitudes, knowledge management and experience, skilled labor availability, local infrastructure availability, and access to finance on the SME’s success. Government policies and support do not play a significant role in the success of the SME.
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