Women entrepreneurs contribute to job creation and socio-economic development of Bayelsa state and in doing so have undergone a lot of problems, in starting and running their businesses. The objective of the study wasto examine the various challenges faced by women entrepreneurs in Bayelsa state with a view to proffering solutions. The research methodology adopted for this study was descriptive hence questionnaire was administered to 50 women owned proprietary enterprises in Manufacturing, Trading and Services in Yenagoa and its environs who owned a workforce of 10 and over.Data analysis was done in line with the objective of the study using frequencies, percentages, mean and simple linear Correlation. The findings revealed that women entrepreneurs in Bayelsa state are particularly constrained by financial problems, lack of adequate business knowledge, inability to get information, family pressure, a socio- cultural hindrances and inability to avail of government support.
Importance of Women in Entrepreneurship
Women undertake enormous responsibilities in modern families, societies, and national affairs. Women entrepreneurs are contributors to the economy because they make changes in the socio-economic sector. They contribute a lot of ideas and spend a great deal of time, energy, and capital resources in their communities. They create jobs and generate additional work for other businesses (Iyiola & Azhu, 2014). Due to the economic downturn in many developing countries, causing job losses for the heads of the household, women as custodians of families took the responsibility of stabilizing the family through the running of microenterprises. Thus, women are known to forgo a lot of things for the survival of their families, along with their reproductive function (Garba, 2011). This implies that to disregard women in any development process would mean a waste of human resources. Hence, research suggests that women in developing countries have acquired a measure of autonomy, as perceptions of their role seem to be changing. As Carrington (1994) would argue, international organizations and banks have acknowledged this changing position of women and their growing responsibilities through funding women-led small businesses and farming projects. Nevertheless, the acknowledgment of this changing position of women has nothing to do with politics and more with the economic experience that women face, especially in developing countries (Carrington, 1994).
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