Challenges of Women Entrepreneurs in Bangladesh

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Challenges of Women Entrepreneurs in Bangladesh
Despite all their family and social problems, women have struggled hard to achieve their own identity. Women from all classes of Bangladesh want to stand up before everyone in their own right and not as someone's daughter or wife. Women can be a very caring homemaker, but at the same time she can prove to be a highly skilled Entrepreneur, an efficient employee, an administrator if they choose to be. Realizing that the advancement of women can not be prevented patriarchal society is changing its attitude toward women. There has been a gradual change in how people behave with working women. In the work place and at home people are now welcoming women. A complete scenario of Women Entrepreneurship in Bangladesh

Women entrepreneurs constitute less than 10% of the total business entrepreneurs in Bangladesh whereas women in advanced market economies own more than 25% of all businesses. It is heartening to note that despite many barriers, a new women's entrepreneur class has arisen in the country taking on the challenge to work in a male-dominated, competitive and complex economic and business environment. Not only have their entrepreneurship improved their living conditions and earned more respect in the family and the society, but they are also contributing to business and export growth, supplies, employment generation, productivity and skills development of the country. A recent United Nations report concluded that economic development is closely related to the advancement of women. "In countries where women have advanced, the economy has usually been steady. By contrast, in countries where women have been restricted, the economy has been stagnant." Women's entrepreneurship is not an easy task. "Becoming an entrepreneur is an evolution of encountering, assessing, and reacting to a series of experiences, situations, and events produced by political, economic, social and cultural changes." Given the complexities in the social environment and administrative structure, women's entrepreneurship in Bangladesh is more challenging. Many social and operational constraints continue to restrict women from starting and running economic enterprises. Apart from the family and social barriers against the mobility of women, the operational barriers such as lack of access to capital, lack of training facilities for skills development, lack of business services, lack of business data, complex banking procedures and collateral requirements, etc. continue to critically limit their progress. Entrepreneurship is the driving force to bring about excellence in production, market innovation, human resources and skills development, social mobility, and changes in the attitude of people. Development of women's entrepreneurship offers excellent opportunities for development of one half of the population and for overall socio-economic progress of the country. Women's entrepreneurship indeed can bolster economic autonomy of women, promote gender balance and ultimately can lead to participation of women in broader decision making processes of the country. The emerging Women Entrepreneurship in Bangladesh

In recent years, the developing countries of the world including Bangladesh have been focusing attention on the most disadvantaged group in the society - the women. Realization has gradually dawned on all concerned that a society cannot afford to waste half of its human resources by discrimination on grounds of sex. This increasing awareness on the part of the government has led to the adoption of national policies to facilitate a development process involving women in all spheres particularly in economic activities focusing especially on entrepreneurship development. The overwhelming majority of women in Bangladesh are not only poor, but also caught between two vastly different worlds --- the world determined by culture and tradition that confines their activities inside family homesteads, where they are...
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