An Empirical Investigation of Women Entrepreneurship in Lesotho

AN EMPIRICAL INVESTIGATION OF WOMEN ENTREPRENEURSHIP IN LESOTHO Stéphan P van der Merwe* & Mampoi Lebakeng Potchefstroom prevail School, North-West University Private Bag X6001, Potchefstroom 2520, Republic of South Africa Tel: +27-18-2991414; fax: +27-18-2991416 stephan.vandermerwe@nwu.ac.za *To whom correspondence should be addressed. AN EMPIRICAL INVESTIGATION OF WOMEN ENTREPRENEURSHIP IN LESOTHO overturn The chief(prenominal) role that entrepreneurship plays to combat unemploy handst, wealth creation and the alleviation of privation should not be underestimated, especially in regions with growing unemployment rates. Women entrepreneurs tie contri exactlye significantly to economic development in Africa, but their plowshargon has not been adequately studied and developed. Although it is challenging for two men and women to start and sustain a successful business, women formulation rummy challenges to self-employment. The objective of this study was to investigate women entrepreneurship in Lesotho and to feign practical recommendations to enhance women entrepreneurship in the country.

A survey that include 54 women-owned businesses was conducted. Women entrepreneurs in this study were motivated by clear factors, such as the desire for independence, self-fulfilment, work flexibility and a need for a challenge to self-employment. Factors such as dissatisfaction with compensated jobs and stingy family income pushed them into self-employment. They are currently facing obstacles, s uch as obtaining finances, work-home conflic! t, want of education and training in business and counsel skills. They, furthermore, indicated fiscal domiciliate, business training and advice, the need to network with early(a) business owners and trade support as their main support needs. Practical recommendations are suggested to Government and women entrepreneurs to overcome these obstacles and to ensure...If you want to play a unspoilt essay, order it on our website: OrderCustomPaper.com

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