Abstract
The main objective of this paper is to assess the determinants and challenges of economic achievement for women entrepreneurs in Ethiopia. The study used 698 sample women entrepreneurs selected randomly from a total of 2450 respondents. The data were analyzed using descriptive statistics and multiple linear regression models. The results revealed that there is a high rate of challenges for divorced (30%) and widowed (41%) women entrepreneurs in the selected area. The results of multiple linear regression show that the educational level, family size, region (SNNP, Gambella, Harari, Dire Dawa, and Addis Ababa), parents’ educational level, number of financially dependent people, business experiences, and access to raw materials were positive predictors of the income of women entrepreneurs. It is also found that entrepreneurial area (Afar, Amhara, and Oromiya), marital status (divorced and widowed), entrepreneurship training, enterprise’s license, and lack of supporting institutions were negatively related with the income of women entrepreneurs. Therefore, improving entrepreneurs’ and parents’ education, providing entrepreneurship training, sharing business experiences, supporting entrepreneurs is the main instrumental in minimizing the factors affecting the income of women entrepreneurs. Moreover, it is advisable if the business participation status of women be assessed periodically to monitor the situation and to take appropriate measures for combating and preventing the challenges facing women entrepreneurs in economic growth.
Highlights
Entrepreneurship is the engine of economic growth and wheel that pedal the vehicle of economic development through the process of creating jobs, revenue generation, poverty alleviation, and wealth by devoting the necessary skills, time, and effort, assuming the accompanying financial, sometimes physical, and social risks to reap the resulting monetary rewards and personal happiness (Hisrich, Peteris, & Shepherd, 2008; Shane & Venkatarman, 2000; Wang, Walker, & Redmond, 2006)
The distribution of religion sample households shows that 60% are Orthodox, 24% are Muslim, 14% are Christian Protestant, and 2% belong to other religious groups
The results show that 46% of the women entrepreneurs were offered entrepreneurship training before starting a business while 54% of them were not received the training
Summary
Entrepreneurship is the engine of economic growth and wheel that pedal the vehicle of economic development through the process of creating jobs, revenue generation, poverty alleviation, and wealth by devoting the necessary skills, time, and effort, assuming the accompanying financial, sometimes physical, and social risks to reap the resulting monetary rewards and personal happiness (Hisrich, Peteris, & Shepherd, 2008; Shane & Venkatarman, 2000; Wang, Walker, & Redmond, 2006). Enterprises are playing a crucial role in contributing to economic growth and development of the countries through creating new jobs, reducing unemployment, increasing productivity by bringing innovation, and speeding up structural changes by forcing existing businesses to reform and increasing competition (Baron, 2007). Women entrepreneurs have used creative, practical, and innovative approaches to convert an opportunity into commercial reality. They are actively involved in the operation of the enterprise as a manager or administrator and generate employment for themselves and others (Pandian & Jesurajan, 2011; Smile, 2008). The involvement of women entrepreneurs in entrepreneurship is believed to be one of the efforts to alleviate poverty and unemployment problems in most of the developing or emerging countries. The success of women entrepreneurs is emerging nationally and globally (Agarwal & Lenka, 2016)
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