VICTORY OR DEFEAT? A STUDY ON WORK-FAMILY BALANCE FOR WOMEN ENTREPRENEURS’ BUSINESS SUCCESS IN SRI LANKA
Abstract
Economic and political situation in the world is changing rapidly and these changes generated pathway for women to running a business. Even though women headed business increasing and contribute large portion to the national economy, they have problems for balancing work family conflict for the success of their business. Research objective is to investigate the impact of work-family issues for the success of women entrepreneurs’ in Sri Lanka. Women entrepreneurs selected from the VIDATHA program, Central Province, which was initiated by the Ministry of Science, Technology and Research in mid-2000. Simple Random Sampling method used to select women entrepreneurs and sample size is 65. According to the results, Women entrepreneurs face problem with balancing a role as fulfilling parental responsibility and role as a homemaker. During the start-up pace they have problem with inadequate capital for investing their business. Further on going period they faced cash-flow problem which is difficult to manage working capital. They have barriers for investing money for their business. All the respondents’ success due to their hard work which done on behalf of their business and good family support other than the Children because most of women entrepreneurs were having children who were schooling and it is a barrier for them. Among the all respondents most of them were created/pull entrepreneurs. Moral support, financial management training, and training on commercialization is necessary for them.
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