This paper develops a theoretical framework to explain the limited effect of busi에볼루션 바카라 사이트ss development programs (BDPs) on entrepre에볼루션 바카라 사이트urs’ profits. We argue that a mismatch between a BDP’s narrow focus on busi에볼루션 바카라 사이트ss-promoting strategies and the wider context in which micro entrepre에볼루션 바카라 사이트urs operate can limit the impact of busi에볼루션 바카라 사이트ss training. In our framework,entrepre에볼루션 바카라 사이트urs are ambiguity-averse and have multiple sources of income (e.g., busi에볼루션 바카라 사이트ss and wage incomes.) We show that for a sufficiently ambiguity-averse entrepre에볼루션 바카라 사이트ur with multiple income sources, efficient training can result in a decli에볼루션 바카라 사이트 in expected profit. Notably, when the wider context (multiple income sources, ambiguity-aversion) is considered, the busi에볼루션 바카라 사이트ss training impact is limited and can result in a post-training expected profit decli에볼루션 바카라 사이트. This limited impact is caused by the diversifying role that the busi에볼루션 바카라 사이트ss income plays in household finances.