Female Entrepreneurship : Self-fulfilment and Legacy, or Money andSurvival?

Abstract: Our world is not equal, and women are in a greater extent affected by the inequalities. Extra vulnerable for the inequalities are women in developing countries. In order to empower women and strive towards gender equality, female entrepreneurship has shown positive effects for women in developing countries. Entrepreneurial development programmers are implemented by both organizations and governments, with the aim of engaging women into business. In order to study the entrepreneurial motivations and outcomes of women in a developing country, a field study was conducted in Zambia. Organizations, working with entrepreneurial business training, as well as female entrepreneurs who took part in an entrepreneurial business training programme, were interviewed during a ten-week stay in Zambia. A comparison between women with a low level of education and a high level of education was done, in order to see whether their entrepreneurial motivations and outcomes deviate or correlates. From the findings of this study, it was concluded that women with different educational background have different motivations for entering entrepreneurial activities. Women with a higher level of education had personal motivations for entering, such as personal fulfilment, the wish to actualize an idea and the wish to leave a legacy. On the other hand, women with a low level of education were forced into entrepreneurship, in order to support for their family and mainly their children. However, regarding the entrepreneurial outcomes, they correlate, showing that entrepreneurship and business training has given Zambian women self-confidence and a business-mind.