Constraints and Enablers to Growth of Female-Owned Businesses: Empirical Review

Abstract:

Globally there is a growing interest in female entrepreneurship. many female-owned businesses are faced with several obstacles which threaten their survival and growth. this paper focus on literature in women entrepreneurship contexts. considering recent events, it is important to understand the enablers and the constraints female entrepreneurs experience in a developing country context.  we draw insights about the subject using historical data and findings from past studies. based on our review, it was observed that gender discrimination, financial constraints, work-family conflict, lack of infrastructural support, unfavourable business and political environments, lack of entrepreneurship education and personality-related issues hinders growth, profitability and cause the failure of female-owned businesses. furthermore, creative education and training, leveraging team attributes and resources, digital technology, the nature of industry, type of financing and women entrepreneur empowerment stimulate the growth of female entrepreneurship. authors, concludes that policymakers must create a conducive environment and incentives to promote female entrepreneurship.