Majority of Sri Lankan women are either unemployed or economically inactive. Therefore encouraging them for entrepreneurship would not only lead to economic prosperity but also would improve their standards of living. With the growing importance of women entrepreneurs, there is practical value in being able to identify factors contributing to their success. Most of the available studies on entrepreneurs in Sri Lanka are on males with limited coverage on females. The paper aims to identify factors contributing to the entrepreneurial success of women. Conclusions are drawn from interviews of six successful women entrepreneurs from six different businesses. The findings are captured through qualitative research according to the conceptual framework developed. The key findings support the factors identified in the framework; early childhood experiences, psychological characteristics, entrepreneurial competencies, formal and informal learning and external support. Culture which is an additional factor contributing to the entrepreneurial success of women is also identified.
Sri Lankan Journal of Humanities and Social Sciences Vol.1(2) Oct 2009