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The major driver of a country's ability to achieve social progress and a sustainable economy is industrialization. Considering that entrepreneurship is essential for launching new businesses that animate and revive the economy. Notably, in Bangladesh, the role of Bangladesh Small and Cottage Industry Corporation (BSCIC) is the main catalyst for developing sustainable entrepreneurship. However, there is criticism that the standpoints of small and medium-sized businesses of the BSCIC entrepreneurs are under the assistance of the Government. Therefore, it is essential to see the impacts of other factors on the performance of the BSCIC Entrepreneurs. Therefore, this study aims to explore the impacts of four factors, i.e., Competitive edge with large-scale industry, financial technical support, Marketing initiatives, and Government initiatives, on the performance of BSCIC Entrepreneurs. This study collected 65 sample data based on a questionnaire survey and the data was analyzed based on structural equation modeling. The result shows that marketing initiatives have a positive impact, but a competitive edge with large-scale industry as well as government support has negative impacts. Whereas the financial support does not show any impact on entrepreneurs’ performance. This study will help the entrepreneurs and policymakers improve the entrepreneurial development in Bangladesh. [ABSTRACT FROM AUTHOR]