Overcoming barriers of female entrepreneurship in Bangladesh

Abstract

Number of women entrepreneurs in Bangladesh is growing rapidly, and they are playing a vital role in the country's rapid economic development. However, there are obstacles that women company owners in Bangladesh must overcome that limit business expansion and reduce their chances of maintaining successful ventures. The goal of this qualitative descriptive study was to investigate the methods employed by female entrepreneurs in Bangladesh to get past obstacles and maintain successful entrepreneurial operations. The study's conceptual framework was built by fusing a number of theories together. The study also makes use of an online questionnaire survey with 15 Bangladeshi female entrepreneurs who have successfully run their enterprises for a number of years. Thematic analysis was utilized to examine questionnaire transcripts. The study's findings revealed a variety of challenges faced by Bangladeshi women entrepreneurs. Additionally, the results demonstrated that they used networking with businessmen, education, collaborative effort, mentoring, innovative financing, technology, perseverance, innovation, and managerial skills as techniques and procedures to overcome obstacles to sustaining successful business enterprises. The findings of this study could offer a novel viewpoint on gender and entrepreneurship in theory and practice. Policy measures for cultural changes that involve funding, training, and mentorship programs to support female entrepreneurs in overcoming obstacles to economic success are examples of positive social change implications.