Single Mother Entrepreneurs: Issues and Challenges

• Author(s): T.T. Onileowo
• Paper ID: 1702636
• Page: 89-97
• Published Date: 30-03-2021
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 4 Issue 9 March-2021

Abstract

The entrepreneurial experience of single mother entrepreneurs remains largely unexplored. This paper addresses the issue by investigating the challenges single mother entrepreneurs encountered in their entrepreneurial ambitions to ensure the survival of their businesses, improve their quality of life, and contribute to the development of society. This study's data relied on empirical evidence and current research on single mothers worldwide, focusing on African single mothers. Study findings revealed that the main challenges faced by the majority of the single-mother entrepreneurs were closely related to the lack of financial support, entrepreneurial skills, and business resources, stigmatisation by society, as well as issue in balancing their domestic and business responsibilities. To ensure the survival of their businesses, single mother entrepreneurs are mostly dependent on their informal support system and inner strengths. Although useful, the informal support system cannot support the business survival of their businesses and strengthen their financial position. Besides, their internal motivation and creativity assist them in attracting potential customers and competing in the market. Based on the preceding, this study informs government and regulatory authorities about the training, support, and financial resources that this group of entrepreneurs requires.

Keywords

Entrepreneurship, Single mother entrepreneurs, Challenges.

Citations

IRE Journals:
T.T. Onileowo "Single Mother Entrepreneurs: Issues and Challenges" Iconic Research And Engineering Journals Volume 4 Issue 9 2021 Page 89-97

IEEE:
T.T. Onileowo "Single Mother Entrepreneurs: Issues and Challenges" Iconic Research And Engineering Journals, 4(9)