Factors Affecting the Business Performance of Women-owned SMEs in Metro Manila

Abstract

Over the past decades, female entrepreneurship has grown rapidly, with more women entering business creation. While this is a vital and expanding area of entrepreneurship, the performance of women entrepreneurs varies by culture. Therefore, this study examines the impact of access to finance, risk taking, and entrepreneurial experience on the business performance of women-owned SMEs in Metro Manila. The researchers adopted a quantitative descriptive study and gathered primary data from women entrepreneurs aged 25 to 64 residing in Metro Manila. Findings from the regression analysis revealed that access to finance and risk taking positively and significantly affects business performance, while entrepreneurial experience demonstrated positive but statistically insignificant effects. The research offers valuable insights for women entrepreneurs, enabling informed decision-making and improved business strategies. It provides guidance to policymakers in supporting women-owned enterprises, establishing a foundation for future studies in women's entrepreneurship.