IMPACT OF LEVEL OF EDUCATION AND BUSINESS EXPERIENCE ON BUSINESS SUCCESS AMONG SMALL RETAIL OWNER MANAGERS IN SRI LANKA

Abstract

Two key demographic variables that influence entrepreneurship activities are level of education and business experience. The ?Business Experience? ?Formal Education? and the ?Business Success? are three interrelated terms. Most of the researchers have argued for stronger link between the business experience and the business success, and Formal education and the business success. Robrt and Alicia (2003) exposed success of the business is linked with level of the education of the owner .Therefore education is another factor that influences owner mangers entrepreneurial success and Thapa (2007) discovered the education has positive effect on entrepreneurial success. Further owner managers business experience is important determinant for business success. Goslin and Barge (1986) revealed individuals who finance new ventures weigh the owners' experience significantly when making decisions .Then the problem of the study was ;impact of level of education and business experience on business success of owner managers. The purpose of this study was to examine the relationship between business success with business experience and business success with the level of the education. The study was based on sample of 33 owner manager from retail sector. The data collection technique was questionnaire method and used Independent t-test for analyses the data. Findings of the study were there is a significant relationship between level of education and business success and there were no difference between business experience and business success.