THE CHARACTERISTICS OF SUCCESFUL NIGERIAN LADIES ENTREPRENEURS

BY SIMPLY

DR . S i9000. L. ADEYEMI

DEPARTMENT OF BUSINESS OPERATIONS

UNIVERSITY OF ILORIN, ILORIN

Abstract

The ami with the study is usually to describe the functions of Nigerian Women Entrepreneurs who have been effective in their businesses. This conventional paper attempts to comprehend who these successful girls are and what are all their trademarks to be successful. A set of questions survey was employed for this kind of study. Consequence are sucked from 75 respondents who identified themselves since female Nigerian Entrepreneurs, and who have achieved recognized achievement in their businesses. Provides an insight into the personal and business encounters of these ladies to give an extensive picture of successful ladies. The study address issues such as personal profile, business account, motivations, challenges encountered on the way to success, and the success formulae.

Introduction

Internationally, the 1990's was designated the decade of women leadership. Naishitt and Aburdewe (2000). This new management position has been most notable inside the entrepreneurial pursuits of women. Instead of just climbing the corporate step ladder of accomplishment, women are creating their particular corporations.

A lady entrepreneur is described as " the feminine head of your business who have taken the initiative of launching a fresh venture, who is accepting the associated dangers and the monetary, administrative and social tasks, and who will be effectively in-charge of it is day-to day management” (Lavoie, 1984/85). Through this research, all of us adopt an even more general meaning of woman businessman as someone who is an owner-manager of a small business. This kind of broad description is necessary provided the small number of women companies in Nigeria.

In a study by Adeyemi (1997), the Nigerian girls entrepreneur was described as " aged 41, well-educated, wedded with kids, grows up within an entrepreneurial environment, has prior work experience of approximately eight years, runs your small business that has been operating for about seven years associated with which she's likely to be the sole or the greater part owner, prefers to have her family members while partners or perhaps employees, features her 1st attempt at beginning a business, uses mostly her own savings as start up capital, was motivated simply by personal factors when your woman decided to turn into an entrepreneur, encountered start-up complications such as work, financing and economic complications but today, confronts increasing economical, labour and cost problems, rates her business as " moderately successful” and attributes the achievements of her organization to three qualities, that is, top quality of product/service, quality of human resource and her own personal qualities”.

Women-owned businesses are among the fastest developing segment of small business in Nigeria. With an increase by approximately one million businesses more than 20 years ago to 1. a few million in 1990. before 1980, women own regarding 6% of Nigerian businesses. Today, females own practically 30% of businesses, fifty percent of all full business, and 10% coming from all service corporations. These figures seem to still indicate a lower entrepreneurship rate numerous female working population. Sharing this similar view had been Scherer, Brodzinski and Wiebe (1990) whose finding revealed that males tended to have a bigger preference to get entrepreneurship than females. The in inclination an entrepreneurship was caused by one's do it yourself efficacy and expectation of entering an entrepreneurial job. The conclusions suggested that social inclined differences would have a strong effect on shaping an individual's preference to get an entrepreneurial career. Girls lack activities, either personal or vicarious, related to effective accomplishment of entrepreneurial tasks. This clarifies why females tended to have lower self-efficacy and career entry targets for entrepreneurship. Thus, some may perceive the lacked in the necessary personal and business resources to engage in the endeavor initiation method....

References: Adeyemi, S. D. 1997: Nigerian women Business people and their personality

Traits: centre point record of perceptive, scientific and cultural interests, University

of Ilorin, Humanities Edition, Volume7, No2, might, 1997 pp. 179-188

Buttner, E

Horizons, 36(2): 59-65

Bachemin, Capital t. (1989)

Bates, T. (1990). Entrepreneur Human Capital Inputs and Small enterprise Longevity. Review

of Economics and Figures, 72 (4): 551-559

Capowski, Genevieve S. (1992). Be your Own Boss? Millions of Females Get Into

Business

Collerette, P. and Aubry, Paul G. (1991). Socio-Economic Development of women Organization

Owners in Quebec

Einsmann, H. (1992). The Environment: A great Entrepreneurial Procedure. Long Range

Preparing, 25 (4): 22-24

Gezely, brain S i9000. (1990). Dealing with an increasingly intercontinental Business Environment

International Log of physical Distribution & Logistics Supervision, 20 ()3: 38-40

Hisrich, Robert Deb (1996). The Women Entrepreneur: A Comparative Analysis. Leadership

and organization Development Journal

Klein, E. (1993). Getting Credit rating When Credit is due. D & B Reports, forty two (2): 28-31.

Kotter, Ruben P. (1982). What Powerful General Administration Really Do Harvard Business

Review, 60 (6): 162

Lappen, A. (1992). The Working Makes: American's Top rated Women Organization

Owners

Lavoie, D. (1984/85). A New Time for Feminine entrepreneurship inside the 80's. Log of

Business (Canada), Wintertime: 34-43

Lee-Gosselin. H. and Grise, M. (1990). Are Women-Owners Tough Our Definitions

of Entrepreneurship? An Specific Survey

Marceau, J. (1984). " Little Firm and Local Development Policies”, in Dunlop,

W. C

Macdonald, Jean L. (1985). The Qualities And Attributes of Women

Entrepreneurs: Criteria for predicting Success in Business Management

McGart, 3rd there’s r. Edward (1987). Women Business Owners: Do they have Unique Needs?

Buyouts and Acquisitions 5 (2): 43-44

Niemann, H. (1991). The rest of the Account. Inc. 13 (10): 38-46

Osirimi, Mary J

Nieder, L. (1989). A Preliminary Investigation of Girl Entrepreneurs in Florida.

Noble, Barbara L. (1986). Females Entrepreneurs: The modern Business Owners/ a Sense of

Personal

Romano, Claudio A. Lourens, Laurie To. (1992). Business and Pioneeringup-and-coming

Research making use of the case Study Procedure

Schlossberg, L. (1991). Invites: An Evasive Commodity with Many Definitions.

Scherer, Robert F. Brodzinski, Adam D. and Wiebe, Outspoken A. (1990).

Stevenson, Lois griffin A. (1986). Against Almost all Odds: the Entrepreneurship of ladies. Journal of

Small Business Managing, 24 (4): 30-36.

Steward, J. and Boyd, Ur. (1988). Teaching Entrepreneurs: Opportunities For women and

Minorities