Urban Women Entrepreneurship Development in Bangladesh: Challenges and Preparations

Muhammad Ziaulhaq Mamun and Md Ridhwanul Haq
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Muhammad Ziaulhaq Mamun: East West University Bangladesh
Md Ridhwanul Haq: East West University Bangladesh

International Journal of Research and Innovation in Social Science, 2023, vol. 7, issue 7, 129-149

Abstract: This study examines the challenges faced by urban women entrepreneurs in Bangladesh and explores the preparations necessary for their development. Interviews were conducted with 95 urban women entrepreneurs from various backgrounds and business ownership. The research found that personal challenges, such as financial constraints and work-life balance, were prominent among the respondents. The entrepreneurs received significant support from their families but faced limitations in terms of financing options. Limited knowledge about external financing and a lack of promotional funds and marketing knowledge were also observed. Additionally, the study revealed that entrepreneurs lacked a set business plan and faced difficulties in maintaining day-to-day business operations. The societal outlook and the lack of legal, technical, and networking support were identified as barriers to their growth. The research suggests that increased exposure and awareness of business preparations, managerial practices, project planning, and financial planning can better equip urban women entrepreneurs to expand their businesses.

Date: 2023
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