Factors Persuading Female Participation towards Entrepreneurial Activities and Its Impact on Employment Creation

Abstract

Compared to the size of the country where a significant increasement with population is visible and moderately small size of the economy employment creation is a challenging task for Bangladesh. Economic activities are persuaded potential working female to participate in entrepreneurial activities. As a matter of fact, Female entrepreneurship is a very recent phenomenon in Bangladesh. Although female is taking to entrepreneurship in many challenging fields, their activities in Bangladesh are not that wide. In spite of fewer opportunities, many females have succeeded in business, but they are still very small in number. The main purpose of this investigation is to identify the key factors persuading female participation towards entrepreneurial activities and its impact on employment creation in Chittagong division, Bangladesh. This research adopts quantitative analysis of likely key factors that may persuade female participation towards entrepreneurial activities and its impact on employment creation. The data was collected from 300 respondents by survey method through structured questionnaire with five-point Likert scales and multiple items. Convenience sampling method is used. Data were analyzed using frequency, mean, standard deviation and regression analysis. From the results of regression analysis, this study has found that adequate capital, hard work and persistence, interest and hobby, education, practical knowledge, professional skills and competence , father's occupation, bank and financial institutions support, and geographical location as the vital factors , which significantly persuade female participation towards entrepreneurial activities. This study has also found that female entrepreneur as the important factor, which significantly persuades employment creation. The researchers strongly expect that this paper will create awareness among the entrepreneurs, government and private sectors, academicians, politicians and the stakeholders.