EDUCATION AND TRAINING: AN IMPERATIVE FOR ENTREPRENEURIAL SUCCESS FOR WOMEN

Abstract

This study has analyzed education and training as an imperative for entrepreneurial success for women in Edo State, Nigeria. The major aim of the study was to examine if education and training of women entrepreneurs determined success in their business. The research design by which data was collected from a selected sample of respondents was an exploratory survey that employed the use of a questionnaire. A purposive sampling technique was adopted for the study to obtain a sample size of 384 women entrepreneurs operating across the three senatorial districts in Edo State. Data analysis was done with the use of descriptive and inferential statistics through frequency distribution tables and regression analysis. Our findings have shown that education and training played significant roles in supporting women in SME’s. The higher the level of education and training in business, the more chances of recording success in their business endeavor. Thus, this study has recommended that stakeholders such as the government, academia, and the private sector need to assist women in business through policies, entrepreneurial academic and industry programs and support through sponsorship to acquire the relevant education and training in order to succeed in their various businesses.