This paper considered self-concept, perceived managerial competence, work stress and business commitment as important psychological variables for perceived entrepreneurial success among female entrepreneurs. A study was conducted to examine these factors, using 213 female entrepreneurs. The results showed that although all the predictor variables jointly accounted for perceived entrepreneurial success only business commitment contributed significantly. But in the independent prediction of the variables, only self-concept and business commitment were significant. Additionally, number of children significantly influenced perceived success with females having 5 children and more, and those having 1-2 children reporting better success than those without children or having 3-4 children. However, marital status did not significantly influence perceived entrepreneurial success. The study concludes that success for female entrepreneurs relies on a high self-concept regarding their role in business, commitment to business and reduction of a conflict between home responsibilities and business. The authors also encourage women to attend training programs on business management.
Ehigie, Benjamin Osayawe and Umoren, Ugonma Eme
"Psychological Factors Influencing Perceived Entrepreneurial Success Among Nigerian Women in Small-Scale Businesses,"
Journal of International Women's Studies: Vol. 5:
1, Article 5.
Available at: https://vc.bridgew.edu/jiws/vol5/iss1/5