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Keywords
Entrepreneurship, Women entrepreneur, SDGs, Factor analysis, Empowerment, Bangladesh.
Abstract
In recent years, the rise of women entrepreneurs and their participation in the growth of the national economy is crucial for a developing country like Bangladesh. Since women are nearly half of the total human resource in Bangladesh, it is obvious that their participation in the financial sector can make a huge difference in the economic expansion of the country. Nowadays, women have become much sincere than before regarding their lives and rights. Therefore, the number of women entrepreneurs has been increased remarkably during the last couple of decades. Women have now started to contribute to the economic growth by their distinctive jobs. They have altered their typical roles of housewives into a substantial business figure having enough ability and enthusiasm to run a business alone and to face any of its threats in order to make a profit out of it. These women are also taking several practical training and specialized degrees to keep pace with the market need. Therefore, they are thriving rapidly as successful entrepreneurs and discovering new opportunities of economic participation. Considering the aforementioned information, the purpose of the study is to seek the motivational factors that encourage women to become entrepreneurs and to explore how their entrepreneurship skill can contribute to the SDGs. The study has been conducted by using convenience sampling technique on 203 women entrepreneurs of different districts of Bangladesh. Through factor analysis, the study has found several factors that lead women to be entrepreneurs and the major challenges faced by them in Bangladesh. The paper provides better insight about how women entrepreneurs are contributing significantly to achieve SDGs.
Introduction
In recent years, women entrepreneurship or access of women to the business world is the most rapidly growing economic phenomenon in developing nations like Bangladesh. As a part of national development initiatives, these countries are highlighting enormously the issue of women involvement as entrepreneur and giving emphasis on the continuous increase of it. Today, it is evident that the contribution of women entrepreneurs' is significant to nation's economic development, employment generation, abating gender discrimination, poverty reduction and increasing women empowerment. On the other hand, recently, sustainability becomes more imperative in the economic development process. The UN finally...