Women Entrepreneurs' Psychological Wellbeing

Abstract

Women's entrepreneurship is the capability of a woman or group of women to set up a venture and run it by considering financial risks with the expectation of earning profit. Entrepreneurship is differentiated by decision-making ability, competition, economic gains, autonomy, and socio-economic settings that provide a foundation for an individual to strive and run a venture in a highly competitive environment. This study examined the impact of empowerment and motivation on women entrepreneurs' psychological wellbeing. In this regard, the study considered the various aspects of motivation, empowerment, and psychological wellbeing responsible for the success of women entrepreneurs. Results exhibited significant relationships between women entrepreneurs' empowerment, motivation, and psychological wellbeing. It is a significant attempt because developing skills, self-esteem, and self-sufficiency depends upon the state of these relationships, which is a critical matter of consideration for women entrepreneurs.