Opportunities And Challenges Of Women Entrepreneurs Successful Through Wep Network

Abstract

Women entrepreneurship has grown significantly all over the world, and it is broadly recognized that entrepreneurship is imperative for economic growth and wealth. In spite of those facts, women’s participation in entrepreneurship is lower than men’s in almost all societies. Those wonders get the attention of scholars from varied disciplines, all of them interested in the behaviour and profile of female entrepreneurs and their business achievement rates. This study focuses on opportunities and challenges of   women entrepreneurs successful through WEP network. Female entrepreneurs make important contributions to economic growth and to poverty reduction around the world. In the United States, for example, women-owned firms are increasing at more than double the rate of all other firms, contribute nearly $3 trillion to the economy and are directly responsible for 23 million jobs. In developing countries, female entrepreneurship is also growing—there are about 8 million to 10 million formal small and medium enterprises (SMEs) with at least one female proprietor or owner. A sample of 102 women entrepreneurs running their business in TamilNadu and their responses towards the questions related to the study were collected.  Exploratory factor analysis and Karl Pearson’s correlation coefficient are the statistical tools used. The reliability of the study was found to be 0.871 (87.1%).  Compilation and analysis of data are performed using SPSS v25. Government Opportunities and Women entrepreneurs support are the factors influencing opportunities available for women entrepreneurs.  Financial Challenges, IT challenge, Legal challenge and Raw material and Infrastructure challenges lessen the Entrepreneur success moderately.