Abstract:
Entrepreneurial Success in a developing country like Sri Lanka is vital
for accelerating, employment and uplifting the poor people's standard of
living. Impact of entrepreneur's personal attributes help to uplift the
standard of living among entrepreneurs. This study examines the way in
which different personal attributes influencing their success. The
analysis reveals that some personal attributes like multi- language skills,
educational levels, family background, risk tolerance and innovativeness
positively impact on entrepreneurial success. There is no distinct
relationship between religiosity and success level of the respondents.
The findings suggest that the importance to change entrepreneurial mind
set and attitude from traditional view to innovative thinking. The
entrepreneur promotes organization such as chamber of commerce,
Universities & higher national institutions, business consultant firms and
training institutes should provide the relevant educational programmes
to fulfill the gaps of competencies in multi languages, enhancing the
educational levels through non formal training, workshop and exposure
visits. Further, it can be stated that the curriculum of schools at the
primary and junior levels should be altered to incorporate theoretical
content and exercises that would teach risk taking ability, innovativeness
and achievement orientation among the masses from the very childhood
and to develop a positive attitude towards entrepreneurship as a
profession. Skills and talents that are required for them to drive the
process to a success, but which can be learned and/or improved through
training and experience.
