Factors Affecting the Growth of Entrepreneurship in Small-scale Business

Abstract

The present paper makes an attempt to investigate that various micro and macro factors are responsible for growth and development of entrepreneurship in small-scale business in Bangladesh. The background factors like strong education and training facilities, desire to achieve, accept responsibility, hard works, and risk orientation of the entrepreneur have a bearing on the success of entrepreneurs. In addition to this, the socio-economic factors such as uniform commercial law and limited regulations, corruption, encouragement and support from society and family, good banking with available credit, social integration, social status, meaningful democracy, and free trade with limited tariffs, enterprise zone, available technology, and strong telecommunication and distribution networks are also important for creating entrepreneurs.