A review of theoretical and conceptual framework

1.

This model can be useful for providing insights and inputs for the entrepreneurial development agencies and other government policy makers pertaining who are keen to further develop entrepreneurship especially amongst the women folks.

2.

The framework describe that entrepreneurial skills and access to micro finance leads to productive entrepreneurship ventures by women cadre. The education, skills and access to micro finance leads to reduction in transitory and chronic poverty in rural perspective. The basic health education and access to micro finance leads to women empowerment and reduction in maternal mortality rate in rural perspective.

3.

Wennekers and Thurik established this model relating to to entrepreneurial activity to economic growth. The model distinguishes between three levels of analysis; the individual level, the firm level and the macro level. On individual level, women entrepreneurs using psychological endowments to improve their attitudes, skills and actions. By doing this concept, they can achieve their target and able to increase their business in international arena. 

4. 

Based on previous literature, entrepreneurial success also discussed in several terms such as venture performance, business success, entrepreneur performance, venture survival and venture growth. Many women has described success subjectively such as the freedom to choose daily activity, ability to balance between work and family, contribution to the community, reputation, children and the quality of life that they achieve. Most of women entrepreneurs as well recognized the success if and only they able to achieve a balance between the roles in business and family due to the multiple roles and the difficulties in handling both roles at the same time.

5. 

This model reported that the factors that could either encourage or discourage women entrepreneurship are financial, environmental, psychological and sociological factors. Women entrepreneurial motivation is a combination of these factors (economical, social, psychological and environmental) and a willingness on the part women to start an entrepreneurial venture.

Financial factors, may include lack of adequate finance, disincentives of tax system, inhibiting effects of red tape and regulations, failure in implementation of the policy that discriminate in favour or small firms, lack of previous experience in the financial arena, lack of self-confidence in presenting business plans, etc. Environmental factors include availability of venture capital, presence of experience entrepreneurs, technically skilled labour force, accessibility of suppliers, accessibility of customers or new markets, government influences, availability of land or facilities, accessibility of transportation, new technological developments, availability of supporting services and living condition, developmental condition of local communities. 

Psychological factors may include ability and propensity to risk into enterprise, internal locus of control, need for achievement, proactiveness and others. Sociological factors include; family influence, role model, role of women in the society and others.