Entrepreneurs and entrepreneurship are significantly correlated with the economic development of a
country. Entrepreneurs cannot easily succeed in doing successful business venture without facing risk that
arises from internal and external conditions. So, the present study has been undertaken in order to identify
the factors contributing to the success; and influencing the failure of entrepreneurs of SMEs in Bangladesh
by employing sophisticated multivariate technique-Varimax Rotated Factor Analytical Technique. The
study has collected and used only primary data; and consulted available literature for designing the
questionnaire and study. The study has considered 18 variables responsible for failure, and 10 variables
contributing to the success of entrepreneurs. The study has identified factors responsible for success of
Entrepreneurs of SMEs: Relationship Factor; and Organization Factor in order of magnitude. It has
identified factors influencing the failure of Entrepreneurs of SMEs: sustainable Factor, Supply Factor, and
Product Related Factor in order of magnitude. The study has suggested entrepreneurs of SMEs to consider
these factors while developing policies and strategies for SMEs.