Abstract
Abstract The study aims at investigating the effect of voluntary career transition on women-owned micro business growth. The independent variable ‘voluntary career transition’ is used as a single construct while the dependent variable ‘business growth’ is decomposed as a multi-construct of sales, employees and assets growth. The population of the study comprises 384 persons, while the sample size used is 250 micro businesses owned by women, who are formal employees of organisations. Average distribution is used to select the number of questionnaires that were distributed by the ten lines of business selected for the study. The study employs self-constructed questionnaire items to measure the independent, while an adopted questionnaire is used for firm growth. Frequencies and descriptive statistics are used to analyse the data collected from 104 questionnaire respondents, while the regression analysis is used to test the hypotheses. The findings indicate that voluntary career transition has a very high positive effect on the employment creation, a high positive effect on the sales growth and a very low positive effect on the asset growth of the business under study. The study, therefore, concludes that although carrier transition from paid employment to micro-businesses might be a difficult carrier choice and unattractive decision, for most women, it has been proven to be a contributing factor that affects the growth of women micro business. The study, therefore, suggests that organisational management and policymakers should encourage intrapreneurs and micro businesses.
Highlights
The issue of growth of micro, small and medium enterprises (MSMEs) remains a great concern to every nation like Nigeria that is willing to promote its economic growth
The major objective of the present study is to investigate the effect of voluntary career transition on the growth of women-owned micro businesses
Increasing attention has been devoted to micro businesses of the informal sectors and women entrepreneurship as a study of OECD (2016) observes that women are more likely than men to quit paid employment to self-employment
Summary
The issue of growth of micro, small and medium enterprises (MSMEs) remains a great concern to every nation like Nigeria that is willing to promote its economic growth. According to the studies of SMEDAN and the National Bureau of Statistic (NBS) Collaborative Survey, Selected Findings (2013), MSMEs constitute 97 % of all businesses in Nigeria and generate about 50 % of the employment. The survey study of SMEDAN and NBS (2013) finds that there are over 36, 9994,578 micro businesses in Nigeria with 3,224,324 micro businesses in Lagos State, which employs over 59,741,211 representing 84 % of the total labour force in Lagos State. Sarwoko, Surachman, and Hadiwidjojo (2013) group the factors that affect women business performance and growth into personal and organisational factors. The personal factors among others include demography, competence, character features and the intention of the business owner, while the organisational factors include company competence, organisational culture and structure
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