Exploring experiences of self-made entrepreneurs in Sri Lanka
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Citation:Liyanage, D. (2021, January). Exploring experiences of self-made entrepreneurs in Sri Lanka. (Unpublished document submitted in partial fulfilment of the requirements for the degree of Master of Applied Management). Southern Institute of Technology (SIT), New Zealand. https://hdl.handle.net/10652/5475
Permanent link to Research Bank record:https://hdl.handle.net/10652/5475
REAEARCH QUESTIONS: RQ 1: Does education level impact the ability to be successful as an entrepreneur in Sri Lanka? RQ 2: Does the Sri Lankan Government do enough to support the entrepreneurs of tomorrow in Sri Lanka? RQ 3: Does family influence have an impact on entrepreneurs becoming successful in Sri Lanka? RQ 4: Is there a proper mechanism to invest in new entrepreneurial ventures and providing entrepreneurial mentorship? ABSTRACT: Entrepreneurs are the heartbeat of any economy. They are an important generator of wealth and in creating employment opportunities that improve the living standards and overall wellbeing of the society. Given their significance, it is important that researchers address the important question “What are the attributes that create a successful entrepreneur?”. This study identifies the important role that family influence, education, and government influence have on creating a successful entrepreneur from an examination of entrepreneurial experiences in Sri Lanka. Data was collected using in-depth interviews of eight highly experienced and successful self made entrepreneurs from the Western and Sabaragamuwa provinces of Sri Lanka. The results differ according to the phase of business operation. In particular, the study showed that family influence was found to have more impact during the start and consolidation phases of a successful entrepreneurial venture, while education had a more profound impact during the initial start-up phase. Government influence, on the other hand, was found to have a minimal impact in creating a successful self-made entrepreneur.
Keywords:Sri Lanka, entrepreneurs, entrepreneurship, impacts on entrepreneurship, surveys
ANZSRC Field of Research:350704 Entrepreneurship
Degree:Master of Applied Management, Southern Institute of Technology (SIT)
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