A comprehensive study on sustainable entrepreneurship for cottage, micro, small, and medium enterprises in Bangladesh

Abstract

The present study aims at identifying dominant factors for sustainable entrepreneurship for cottage, micro, small, and medium enterprises (CMSMEs) in Bangladesh. For the convenience of study EFA and CFA models were developed for analyzing, identifying, and confirming the factors harbouring sustainable CMSMEs. Four factors were considered and analyzed such as sources of funds and loans, the opportunity to sell the products, the background of entrepreneurs, and governmental support to examine the extent to which they contribute to entrepreneurial sustainability. The study reports that three factors (sources of funds and loans, the opportunity to sell the products, and governmental support) have a significant and positive effect on the sustainability of CMSMEs entrepreneurship, and these could be considered as an indicative to achieving sustainable entrepreneurship for CMSMEs in a market environment.