Factors Influencing the Development of Women Entrepreneurship in Bangladesh

Abstract

The development of entrepreneurship in Bangladesh is very challenging and cumbersome especially for woman. It is barred by a number of factors concerned with social, economic, cultural, environmental, and personal in nature. Women who are enjoying favorable environment in this regard have the chance to be entrepreneurs. Hence, this study aims at identifying the factors that influence the development of women entrepreneurship in Bangladesh. The specific objective of this study is to identify the factors that help in developing women entrepreneurs especially in SME sector of Bangladesh. A thorough literature has been reviewed to identify the factors and based on it a model for the development of women entrepreneurship has been constructed. Both descriptive and inferential statistics were used in analyzing the data. Descriptive statistics were used to describe the situation and inferential statistics were used to identify the relationships among the factors. Factor analysis was conducted to separate the factors related to the development of women entrepreneurship while multiple regression analysis has been used to identify the significant factors related to it. The results show that there are eleven factors concerned with the development of women entrepreneurship in Bangladesh. The factors are: negotiation and bargaining skills, management of sales, self-awareness, long-term involvement in business, and training on business are significantly related to the overall development of women entrepreneurship in Bangladesh. This study suggests that the policymakers should focus more on the development of negotiation and management skills of the women entrepreneurs through different training programs that will also increase the awareness of the women entrepreneurs of Bangladesh.