FDC in association with ACCESS Advisory completed a study of 102 successful women entrepreneurs in Vietnam and the Philippines. Th research sheds light on the knowledge, attitudes, skills, and habits that characterize successful micro-entrepreneurs to determine what success factors can be replicated in order to make financial inclusion systematically more impactful. The research shows that the key success factor for achieving transformative entrepreneurship is the ability to break out of the closed system that subsistence entrepreneurs rely on for survival but which in many other ways holds them back. The key implication from the research is that business development service programs should focus first and foremost on inculcating an entrepreneurial mindset.