ABSTRACT

The women profiled in this chapter are a testament to the complexity of being an entrepreneur and, specifically, the determination required for women to succeed in environments not always conducive to or encouraging of entrepreneurship. Entrepreneurship is a journey of risk and responsibility. Research shows that prevalence rates of female entrepreneurship tend to be relatively higher in developing than in developed countries as a result of women facing higher barriers to entry in formal labor market and hence having to turn to entrepreneurship as a way out of unemployment and poverty. Entrepreneurship has widely been recognized as having impact on country's wealth and job creation, through economic activity and increased tax base, as well as its accumulation of innovation capital. Female entrepreneurship is now increasingly being acknowledged as making a significant contribution to economic growth and employment generation. The life of a female entrepreneur is still riddled with rhetoric of clichéd stereotypes, cultural demands and archaic entry barriers and challenges.