Analysis of the Impact of Entrepreneurship Education and Women Entrepreneurs in Family Businesses
Family businesses are one of the dominant entrepreneurial forces in today’s global economy. Transfer ownership, intergenerational succession, leadership/ownership, has received great attention from academics and policymakers on family businesses but little research has been done to analyse the importance of entrepreneurial capabilities on their sustainability with reference to informal sector women. This research therefore explores the impact of entrepreneurial capabilities on informal sector women entrepreneurs in family businesses with a study locus in Plateau State. Using a baseline survey, structured questionnaire schedule was administered to obtain data from 300 women in the various informal sectors in Jos Metropolis. Data from the questionnaire was analysed using Pearson correlation analysis in establishing whether there are any verifiable relationships between women entrepreneurs in the informal sector that are educated or not or have entrepreneurial capabilities, namely, financial management, opportunity seeking, managerial skills, networking and innovative tendencies and family businesses growth and sustainability. The research yielded a mixed result; a positive and significant relationship between educated women and financial management, managerial skills and innovation tendencies existed but not networking and opportunity seeking. It also shows that there is a positive and significant relationship between non-educated women and managerial skills and innovation tendencies but not financial management, opportunity seeking and networking. Therefore, whether they are educated or not does not translate into higher business performance. The following recommendations were made; Government should create more entrepreneurial centres that will inculcate women and not focus on youth alone, women should draw strength by operating jointly rather than individual and participate actively in business associations in order to acquire required skills among others.
Keywords: Entrepreneurship Education, Informal Sector Women Entrepreneurs, Family Businesses