FINAL THESES PDF Ahmed Hassan Said

Entrepreneurship success
DECLARATION AND APPROVAL
Declaration by the Student
I declare that this thesis is my original work that hadn’t been published previously or presented
for award of a Master’s degree in this university.
Signed……………………… Date:12-09-2023
Name: AHMED HASEN SEID

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DEDICATION
I dedicated this research thesis to my lovely parents Ahmed Hasen Seid , , my lovely
wife Amun abdi Salaan Hassan

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ACKNOWLEDGMENT
First, I would like to thank Allah who made possible for me to do this thesis report and
gave me the opportunity to finish my master at Lincoln University, In the course of writing
this thesis, I have been provided help and assistance by many individuals and institutions.
Among these, I would like to extend my gratitude to my thesis advisor Hamse Mohamed, who
devoted his time and knowledge to keep me on the right track through his guidance, comments
and suggestions; I also appreciate his patience and diligence in correcting my draft. This thesis
would not have been possible without the guidance and help of certain individuals who in one
way or another contributed and extended their valuable assistance in the preparation and
completion of my study. I thank all staff and lecturers at the University of Alpha from
beginning to end.
I also extremely thankful to my great family, who were the roots of my learning
Process, and my heart full gratitude and appreciation, go to my dear father Hasen Seid Ismail
and dear mother Fadumo Said Shire and my lovely wife Amuun Abdi Salaan Hassan They
were the advice and encouragement behind all my success. I also thank my family and my
siblings for their moral support and contribution to my life to date and for instilling the values
of Education, hard work, and good manners in to my mind right from my Childhood. Iam
also thankful to my lovely family Najma Abdilahi, Mustalifa Abdilahi, Rayan Abdilahi and all
Other family Moreover, I would like to thank everyone that assisted me for the completion of
this research work.

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TABLE OF CONANTENT
DECLARATION AND APPROVAL.......................................Error! Bookmark not defined.
DECLARATION...................................................................Error! Bookmark not defined.
APPROVAL..........................................................................Error! Bookmark not defined.
INTRODUCTION.......................................................................................................................1
1.1 Background of the study...............................................................................................1
1.2 Statement of the Problem..............................................................................................4
1.3.1 General Objectives................................................................................................5
1.3.2 Specific Objectives................................................................................................6
1.5 The Scope of the Study.................................................................................................7
1.6 Significance of the study...............................................................................................7
1.8 Conceptual Framework.................................................................................................8
CHAPTER TWO.........................................................................................................................8
REVIEW OF LITERTATURE....................................................................................................9
2.1 Introduction................................................................................................................9
2.2 Market and network and entrepreneurship Success in Hargeisa Somaliland.............9
2.3 Government support and entrepreneurship Success in Hargeisa Somaliland..............9
2.4 Funds availability and entrepreneurship Success in Hargeisa Somaliland.................10
2.5 Socio -economic factor and entrepreneurship Success in Hargiesa Somaliland.......11
2.6 Summary....................................................................................................................12
2.7 Conclusion.................................................................................................................12
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2.8 Theoretical Framework...............................................................................................12
2.8.1 Push and Pull Theories..........................................................................................12
2.8.2 Necessity versus Opportunity Theories..................................................................13
2.8.3 Shane theory...........................................................................................................13
CHAPTER THREE.....................................................................................................................9
RESEARCH METHODOLOGY...............................................................................................14
3.0 Introduction....................................................................................................................14
3.1 Research Area............................................................................................................14
3.2 Research Design........................................................................................................14
3.3 Study Population........................................................................................................14
3.3.1 Target Population....................................................................................................14
3.3.2 Accessible Population............................................................................................15
3.4 Sample and Sampling.................................................................................................15
3.4.1 Sample Size.............................................................................................................15
3.4.2 Sampling Techniques.............................................................................................15
3.5 Data Collection............................................................................................................15
3.5.1 Data Collection Methods.........................................................................................15
3.5.2 Data Collection Instrument...................................................................................16
3.5.3 Research Procedure................................................................................................16
3.6 Quality Control..........................................................................................................16
3.6.2 Validity of Instruments...........................................................................................17

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3.6.3 Reliability of Instruments.......................................................................................17
3.7 Data Analysis.............................................................................................................17
3.8 Ethical Consideration.................................................................................................18
CHAPTER FOUR.....................................................................................................................19
RESULTS AND FINDINGS.....................................................................................................19
4.1 Introduction...............................................................................................................19
4.2 Background Information............................................................................................19
4.2.1 Distribution of Respondents by Age...................................................................19
4.2.2 Distribution of Respondents Years in business...................................................20
4.2.3 Education Levels of Respondents.......................................................................21
4.2.4 Distribution of Respondents by Marital status.....................................................22
4.3 Measurement of Variables.........................................................................................23
4.4 Market and Network and Entrepreneurship success in Ibrahim Kodbuur District.....25
4.5 Government support and Entrepreneurship success in Ibrahim Kodbuur district......26
4.6 Socio-economic factor and Entrepreneurship success in Ibrahim Kodbuur district. 28
4.7 Funds availability and Entrepreneurship success in Ibrahim Kodbuur District..........29
CHAPTER FIVE.......................................................................................................................35
SUMMARY OF FINDINGS, DISCUSSION, CONCLUSION AND.......................................35
RECOMMENDATIONS...........................................................................................................35
5.1 Introduction.....................................................................................................................35
5.2 Summary of the Findings.................................................................................................35

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5.3 Discussion...................................................................................................................38
5.4 Conclusion..................................................................................................................39
5.5 Recommendations.......................................................................................................40
5.5.1 General Recommendation...................................................................................40
5.5.2 Recommendations for further research................................................................40
REFERENCE............................................................................................................................41
QUESTIONAIRE......................................................................................................................47
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LIST OF TABLES
Table 4.1 Age respondent.........................................................................................................20
Table 4.2 Years in business respondent...................................................................................21
Table 4.3 Educational level respondent....................................................................................22
Table 4.4 Marital status of respondent......................................................................................23
Table 4.5 Measurement of Variables........................................................................................24
Table 4.6 Market and Network.................................................................................................25
Table 4.7 Government support................................................................................................27
Table 4.8 Socio-economic factor............................................................................................28
Table 4.9 Funds availability.....................................................................................................30
Table 4.10 Entrepreneurship success........................................................................................31
Table 4.11 Model Summary......................................................................................................32
Table 4.12 Anova.....................................................................................................................32
Table 4.13 Coefficientsa............................................................................................................ 33

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LIST OF FIGURES
Figure 1.1: conceptual framework..............................................................................page 8

LIST OF OPPROVATION
SME Small Medium Enterprise
ILO International Labour Organization

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ABSTRACT
The study sought to assess financial factors influencing entrepreneurship success
among women traders in Ibrahim koodbuur district. It was guided by four specific objectives
that included; to investigate the influence of market & network on entrepreneurship success
among women traders in Ibrahim Koodbuur district. Hargeisa, Somaliland. To the influence of
government support on entrepreneurship success among women traders in Ibrahim Koodbuur
district. Hargeisa, Somaliland and to investigate the influence of funds availability of
entrepreneurship success among women traders in Ibrahim Koodbuur district. Hargeisa,
Somaliland. To investigate the influence of socio-economic factor on entrepreneurship success
among women traders in Ibrahim Koodbuur district Hargeisa, Somaliland. To ascertain
Limitations of the study was that the researcher consulted the Hargeisa municipality and
chamber of commerce to obtain data that can used to generate a workable figure for the target
population and sample size. This study was guided by the hypothesis that financial factors
influencing has significant relationship entrepreneurship Success among women trader in
Ibrahim Koodbuur district Hargeisa, Somaliland This research employed a descriptive research
design to describe the variables and the questionnaire and interview guide were used as the
research instruments. The target population was consist of 43 women entrepreneurs in Ibrahim
koodbuur district. The sample size was consist of 43 Respondents, Descriptive statistics were
used in this study included frequencies, means and regression analysis on variables. The
findings revealed the following: (F (4, 38) = 2.509, P <.05 shows that P = 0.05, financial factors
influencing has significant effect on entrepreneurship success of among women traders in
Ibrahim koodbuur district, this effect therefore implies that funds availability highly contribute
to the entrepreneurship success among women traders in Ibrahim koodbuur district. P = 0.035,
and socio economic factor is significant on entrepreneurship success with P = 0.031, and
market and network P = 0.013 where government support has no significant effect on
entrepreneurship success with P= 0.879. researcher is recommend that government should
provide training to women entrepreneurship in order to improve their financial skills and
enhancing entrepreneurship success, also researcher recommend that micro finance institutions
should empower women entrepreneurs and lend them funds in order to encourage them into
entrepreneurship success.
CHAPTER ONE
INTRODUCTION
1.1 Background of the study
Many women enter into micro-entrepreneurship out of economic necessity and
lack of other employment options, because of their multiple responsibilities at home, women
often choose the type of income generating activity that would allow them to manage from
home, a review of African MSEs indicated that 45 percent of the female headed micro and
small enterprise were home-based as compared to only 19 percent of the male headed micro
and small enterprises (USAID 1995, cited in DAI 2004). Over the last two decades Somali
married and unmarried women have become major economic providers to the families. Despite
increasing numbers of women entrepreneurs in Somaliland, they are facing lots of hurdles to
achieve success (Osman and Salleh, 2007).
The role of women in Somaliland, the north-western territory of Somalia, has changed
dramatically since the country’s long-time dictator was overthrown in 1991, prompting the
collapse of the economy and leaving scores of men unemployed, while men still struggle to
find work they will accept, the upheaval created a unique opportunity for women to step into
business (Guelle,2012). Economic growth of any country significantly linked with
entrepreneurs. These are the persons with problem solving skills, necessary capital and ability
to generate new ideas in marketing to promote their products and services and also make the
right decisions to ensure that the ideas are profit oriented, however, the achievements and
entrepreneurship success as well as profit are the motivated factors of entrepreneurs (Rashid et
al., 2015).
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Entrepreneurship is the process of starting and/or growing a new profit making
business, entrepreneurship is the idea that involves individuals with unique personality
characteristics and abilities on innovation, the innovation theme is characterized as doing
something new as an idea, product, service, market, or technology in a new or established
organization, entrepreneurship is also the process of getting into managing your own business
enterprise, (Fabayo, 2009).
Guled (2016) includes government support, market and network, funds availability and
socio-economic factors as determinants of women entrepreneurship success. .Access to finance
provides the needed opportunity for entrepreneurship success to start businesses. There is a
positive relationship between credit and opportunity choice for women entrepreneurs, credit
was found to have positive effect on opportunity for women entrepreneurs (Alina, 2010). In
this study, the factors that influence entrepreneurship success will be taken to include market
and network, government support, socio-economic factors and funds availability.
Market and network is an area or a place where forces of demand and supply, operate,
and where buyer and sellers interact to each other for pricing information, distributions and
channels and also where other networks are developed. (Katrina & Anna, 2005). Mohammed
(2013) argued that network is one of most important factors for entrepreneurship success to
promote their products and services as well as building relations with suppliers and buyers
include advance network from family and friends. Jennifer, Lian and Wei, (2012)
Government support such as providing aid or funds, ease of licensing, tax incentives
and training can play a vital role in the success of women entrepreneur organizations.
According to Nasser (2012), government supports are beneficial to women entrepreneurs,
however, strict policies of the government related to investments and return towards small
and medium-sized enterprises adversely influence on women entrepreneurship success.

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Funds availability is a more important factor for doing any business especially for new
business development. According to Namusonge (2006) the support of leading agencies such
as banking institutions, financial inclusion, source, duration and the performance of the
business are positively contributed in women entrepreneurship success.
Socio-economic factor have been described as encouraging entrepreneurship success
and it is a base in the sociology of the network accessibility to entrepreneurship success
(Aldrich and Zimmer, 2010). However, entrepreneurship success is an integral section of
social, political, and cultural context so the importance of socio economic factor women are
becoming entrepreneurs due to several factors which may be classified as “pull factors” and
“push factors” factor cannot be ignore in order to start new business, social network should be
activated that would be related to the work and the natural activity (Dubini & Eldaric, 2009).
Entrepreneurship success is always leading his/her business towards continuous
improvement through creativity and innovation in producing new and existing products or
services entrepreneurs are women that can play a noteworthy part in increasing social and
economic development, especially in small & medium businesses (Ahmed, 2011). Women
owned businesses are greatly increasing in nearly all the regions of the country. The unknown
potential of women entrepreneurial have progressively been altering with the rising sensitivity
to the role and economic status in the society (Osman & Salleh, 2007). Entrepreneurship
Success is a multi-dimensional concept, the definition of which depends largely on the focus
of the research undertaken. There are many factors that influence women entrepreneurship
success. According to Ali and Mahamud (2013).
The possible factors that influence entrepreneurial behavior are the individual, social
and environmental factors. According to Gitari (2012), Entrepreneurship success is defined to
mean, Self-satisfaction, social status, self-motivated and Income generation. Muhumed (2016).
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In this study, entrepreneurship success will be taken to mean Self-satisfaction, Social
status self-motivated and Income generation. This study will rely on the Knowledge Spillover
theory of entrepreneurship success. According to this theory, the context in which decision-
making is derived can influence one’s determination to become an entrepreneur. In particular,
a context that is rich in knowledge generates entrepreneurial opportunities from those ideas.
By commercializing ideas that evolved from an incumbent organization via the creation of a
new firm, the entrepreneurship success human capital not only serves as a conduit for the
spillover of knowledge, but also for the ensuing innovative activity and enhanced economic
performance through resource allocation (Acs et al, 2009).
A fieldwork commissioned by the International Labour Organization (ILO) in Hargeisa
and Mogadishu in 2013 found that the women entrepreneurs in Hargeisa and Mogadishu had
limited entrepreneurial capacity and resources for starting up and sustaining business
enterprises. 47 percent of the women entrepreneurs did not have any formal education and were
not able to read and write. ( Madura,(2007) Close to 60 percent of the women entrepreneurs
were housewives with no prior work or business experience before starting their current
enterprises. 80 percent of business ventures were started on own initiative while 90 percent of
the businesses were individual proprietorship. Adnan, (2004).
1.2 Statement of the Problem
Women bear the responsibility of providing for their families as breadwinners. Very
few are employed in the formal sector, but large numbers still work to meet the needs of the
family. Hargeisa, the capital of Somaliland, has witnessed a booming informal economy over
the past few years. The skills and competencies women exhibit in handling their business in
addition to their household chores is impressive. Hargeisa’s marketplace is teeming with
female workers, challenging assumptions about the traditional place of women in Somali
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society. But women face higher barriers to entry in the formal labor markets in developing
countries compared to developed nations of the world. In many cases opportunities and
incentives are unfavorable for women to begin businesses even when they have abilities and
knowledge. Financial resources and access to them spearhead the major challenges that women
entrepreneurs face, since it is the single most significant factor that determines the start up as
well as continuation of certain enterprise of business, (Coughlin and Thomas 2006).
According to Muhumad (2016), other challenges involved lack of business network,
lack of societal acceptance, lack of adequate business ownership experience, glass ceiling, lack
of education and management skills, type of business they operate, level of business they
operate, double sector responsibilities family and enterprise, policy and legal frameworks and
lack of acceptance and recognition of women as entrepreneurs. A study by the International
Labour Organization (ILO) IN 2013 found that the women entrepreneurs in Hargeisa and
Mogadishu had limited entrepreneurial capacity and resources for starting up and sustaining
business enterprises. If these challenges are not addressed, women entrepreneurs will continue
to face difficulties entering and sustaining their businesses. This study therefore, intends to
examine the financial factors influencing entrepreneurship success among women traders in
Ibrahim koodbuur district Hargeisa, Somaliland.
1.3 Research objectives
1.3.1 General Objectives
The general objectives of this research is to examine the financial factors influencing
entrepreneurship Success among women trader in Ibrahim Koodbuur, district Hargeisa,
Somaliland.
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1.3.2 Specific Objectives
1. To determine the influence of market & network on entrepreneurship success among women
traders in Ibrahim Koodbuur district Hargeisa, Somaliland.
2. To determine the influence of government support on entrepreneurship success among
women traders in Ibrahim Koodbuur district Hargeisa, Somaliland.
3. To determine the influence of funds availability of entrepreneurship success among women
traders in Ibrahim Koodbuur district Hargeisa, Somaliland.
4. To determine the influence of socio-economic factor on entrepreneurship success among
women traders in Ibrahim Koodbuur district Hargeisa, Somaliland.
1.4 Research Hypothesis

1.4.1 General Research Hypothesis
This study was guided by the hypothesis that financial factors influencing has
significant relationship entrepreneurship Success among women trader in Ibrahim Koodbuur
district Hargeisa, Somaliland.
1.4.2 Specific Research Hypothesis

1. Market and network has significant relationship on entrepreneurship Success among women
trader in Ibrahim Koodbuur district Hargeisa, Somaliland.
2. Government support has no significant relationship on entrepreneurship Success among
women trader in Ibrahim Koodbuur district Hargeisa, Somaliland.
3. Funds availability has significant relationship on entrepreneurship Success among women
trader in Ibrahim Koodbuur district Hargeisa, Somaliland.
4. socio-economic factor has significant relationship on entrepreneurship Success among
women trader in Ibrahim Koodbuur district Hargeisa, Somaliland.

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1.5 The Scope of the Study
This study intends to determine the financial factors influencing entrepreneurship
success among women entrepreneurs in Ibrahim koodbuur district Hargeisa, Somaliland. The
study was focus on women entrepreneurs operating in Ibrahim koodbuur district, it was
conducted in between the months of November 2018 till July 2019. The study was use a cross-
sectional research design and random sampling method.
1.6 Significance of the study
This study was benefit on entrepreneurship success among women traders in Ibrahim
koodbuur district Hargeisa, Somaliland. Through policies which may be developed as a result
of this study, this study was add to the existing literature especially in Somaliland regarding
entrepreneurship success and empowerment of women. Future researchers in this area may find
it useful in literature or empirical review. The results of the study was provide a framework for
strategic initiatives and innovative ideas that will lead to improvement of government’s
entrepreneurship success related policies.
1.7 Limitations of the Study
The main limitation of the study was obtained a valid sampling frame from which to
select the sample size. The researcher will consulted the Hargeisa municipality and chamber of
commerce to obtain data that can be used to generate a workable figure for the target population
and sample size.

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1.8 Conceptual Framework
Independent variable Dependent variable
Financial factors Entrepreneurship success
Market and network
Advance network from family and

friend
Government support
Provide funds
Training
Tax incentives
Self-satisfaction
Social status
Socio-economic factor Income generation
Self-motivation
Push factor
Pull factor
Funds availability
Source
Financial inclusion
Support of leading agencies
Figure1. Conceptual Framework.
In the conceptual framework shown in figure 1, financial factors; market and network,
Government support, socio- economic factor, funds availability. Entrepreneurship success;
Self-satisfaction, social status, income generation, self-motivation.

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CHAPTER TWO
REVIEW OF LITERTATURE
2.1 Introduction
This chapter discusses the review of literature on study financial factors influencing
entrepreneurship success among women traders in Ibrahim koodbuur district Hargeisa
Somaliland. By market and network, government support. Socio- economic factor and funds
availability.
2.2 Market and network and entrepreneurship Success in Hargeisa Somaliland.
Market and network are an area or a place where forces of demand and supply,
operate, and where buyer and sellers interact to each other for pricing information, distributions
and channels and also where other networks are developed, (Lian, 2009). Argued that network
is one of most important factors for the entrepreneurship success to promote their products and
services as well to build relations with suppliers and buyers. Jennifer, (2012). Claimed that the
market potential and the current market demand is a major factor that contributes to women
starting a business. In addition, Katrina and Anna, (2005). Found that women will be more
encouraged to start a business if they have advanced network, because these networks allow
them to reach a larger population as well as world to promote and sell their products and
services. Similarly, Wong (2007) found that for the success of entrepreneurship projects, it is
necessary for the owner to access the most technical and developed networks of
communication.
2.3 Government support and entrepreneurship Success in Hargeisa Somaliland
Governmen support is vital for good business, regulations enable the private sector to
thrive and businesses to expand their transactions network, but regulations put in place to
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safeguard economic activity and facilitate business operations, if poorly designed, can become
obstacles to doing business, (Gnyawali 1994). Government Regulatory processes touch to a
large extent areas like business start-up, property registration, construction permitting, tax
payment and trading across the borders. Hand in hand with the above areas require
strengthening legal institutions covering contract enforcement, insolvency regimes, credit
information, legal rights of borrowers and lenders and the protection of minority shareholders.
(Hubbard 2000).
Gentry (2016), found that regulatory policies on licensing influenced entrepreneurs’
decisions to start business ventures, secondly, unpredictable and strenuous application of
regulations pushes up compliance costs, thereby increasing the cost of start-up and negatively
impacting profitability and the firms’ ability to use their retained earnings to fuel growth.
Nijsen (2015),
2.4 Funds availability and entrepreneurship Success in Hargeisa Somaliland
Funds availability is a critical element to the start‐up and consequent performance of
any enterprise (Steven, 2011). Availability of funds has a very high positive correlation with
women entrepreneurship success and has been very instrumental in supporting women
enterprises (Majumdar, 2008) Funds provide the needed opportunity for entrepreneurs to start
or improve business in order to make profit and improve their lives (Roslan & Mohd, 2009).
According to Walker, (2000), the most serious self-described barrier to growth among
women-owned businesses, next to overall economic conditions, is the availability of capital.
Also, they have difficulty in obtaining the necessary finance to commence the business,
locating advice and information on the start-up and developing a business plan (Joyner,
2001).The ability of women entrepreneurs to make use of the opportunity provided by funds to
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ensure enterprise performance depends on their attitude to risk; that is their ability to access
information and willingness to act on the information (Shane, 2003). Thus, credit, savings, and
social capital could have positive impact on opportunity for entrepreneurial activity of women
entrepreneurs which could lead to business performance; depending on the entrepreneur’s
attitude to risk (Crisp & Turner, 2007).
2.5 Socio -economic factor and entrepreneurship Success in Hargeisa Somaliland
Cultural values play a role in shaping the institutions in a country. Values and beliefs
shape behavior and, accordingly, may be assumed also to influence the decision to become self-
employed (Thomas, 2014). Women are becoming entrepreneurs due to several factors which
may be classified as “pull factors” and “push factors”. Push factors refer to factors that
encourage women to start business enterprises driven by financial need because of family state
of affairs (Gnanadhas & Jesurajan, 2011). According to Chelliah (2011) push factors are
factors such as insufficient family income, dissatisfaction with a salaried job, difficulty in
finding work and a need for flexible work schedule because of the responsibility of the family;
while Pull factors are the factors associated with the independence, fulfilment, entrepreneurial
drive and desire for wealth, social status and power.
Cultural factors such as gender stereotypes are also seen as a significant growth obstacle
facing female entrepreneurs especially for women in male dominated sectors of business, (Still
& Timms, 2004). However, it is not only gender issues that can hinder the start-up and growth
phases of the small firm, the current literature emphasizes the financial aspects of venture start-
up and management as without a doubt, the biggest obstacles for women (Brush, 2004).
Businesses headed by women tend to be smaller and they grow less quickly than those headed
by men, suggesting, again, that women face greater obstacles to obtaining success as
entrepreneurs (Cooper 2008).

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2.6 Summary
Entrepreneurship success are motivated by so many factors. However, access to funds,
access to markets and proper channels of networks, and their socio-economic background play
a major role in pushing women into entrepreneurship. How these factors affect women
entrepreneurs in Somaliland remains to be determined.
2.7 Conclusion
This chapter discusses the financial factors influence entrepreneurship success among
women traders in Ibrahim koodbuur district Hargiesa, Somaliland. And the theories about it
which are important about it. Then chapter declares the key elements for this study which are
market, government support, socio-economic factors, and funds availability which are vital to
women entrepreneurship success.
2.8 Theoretical Framework

2.8.1 Push and Pull Theories
A person’s ability to create small scale enterprises is shaped by many factors, for
brevity and analysis, some have put forward a framework that arranges these as push and pull
factors on why ethnic minorities (especially new immigrants) establish their own small
businesses (Bates, 1999). According to push factors, entrepreneurship success is pushed into
starting a small business by external negative conditions such as unemployment, redundancy,
retrenchment, lack of formal job or career prospects and a desire to be one’s own boss in order
to escape supervision (Kirkwood, 2012).
Furthermore, labour market obstacles such as employer discrimination, lack of
educational credentials, inappropriate work experience and limited ability to speak a common
language are often regarded as the factors that push people to enter self-employment (Moore,
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Mueller, (2002). On the other hand, the pull factors explain the other influences which attract
people to start businesses. Such factors include the desire to become one’s own boss, increase
wealth, change life style or use one’s experience and knowledge as well as the influence of
religion and access to informal sources of finance and Labour through family ties or shared
culture and language (Benzing , 2009).
2.8.2 Necessity versus Opportunity Theories
According to Williams (2008) entrepreneurship success fall into two categories; they
are necessity-driven and hence pushed into entrepreneurship success because all other options
for work are absent or unsatisfactory, or they are opportunity-driven and hence want to exploit
some business opportunities. Entrepreneurship success is considered to be an important
mechanism for economic development through employment, innovation and its welfare effect
(Wennekers and Thurik, 2010). The dynamics of entrepreneurship success can be vastly
different depending on the institutional context and the level of economic development (Acs,
Desai, Hessels, 2008). There are considerable differences across countries in the orientation of
informal entrepreneurship success (Williams, 2008).
2.8.3 Shane theory

Ajzen, (2013) Shane’s entrepreneurship success theory states that an entrepreneur’s
ability to identify and tap the opportunity provided by the external business environment to
start or improve his/her business differs between individuals and depends on individual’s
ability to access information and willingness to act upon the information in terms of risk.
Ability to access information and willingness to act upon the information in terms of risk could
be inferred to represent attitude to risk. Studies have found that attitude and behavioral intention
are positively related (Crisp 2012).

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CHAPTER THREE
RESEARCH METHODOLOGY
3.0 Introduction
This chapter describes the methods and techniques that was used to solve the research
problem. It describes the research area, research design, research population, sample and
sampling, data collection, quality control, data analysis, and ethical consideration.
3.1 Research Area

This study was conducted in Ibrahim Koodbuur district Hargeisa. The area has a large
concentration of retail businesses and entrepreneurs, of which women entrepreneurs form a
significant part.
3.2 Research Design
The researcher was conducted this study through cross-sectional survey that uses
quantitative approaches. Cross -sectional survey is a methodology used for selecting a sample
from a population to analyses and discover results. Cross-sectional design are conducted to
estimate the prevalence of the outcome of interest for a given population (Cremol, 2011).
3.3 Study Population

This study was conducted on women entrepreneurs in Ibrahim Koodbuur district
Hargeisa, Somaliland.
3.3.1 Target Population
The target population of this study was 48 women entrepreneurs in retail shops, clothes
business, and service rending businesses in Ibrahim Koodbuur district.

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3.3.2 Accessible Population
The accessible population was consist of all selected 43 women entrepreneurs in
Ibrahim koodbuur district Hargeisa, Somaliland.
3.4 Sample and Sampling
This part will consist the sample size and sampling techniques of the study.
3.4.1 Sample Size
The sample size was consist of 43 respondents using Slovenes formula as stated below:
Slovenes formula id applied as follow.
n= N/1+N (e) 2
n=48/1+48(0.05)2
n=/1+48(0.0025)
n=48/1+1.12 n=48/1.12
n= 43 respondents.
3.4.2 Sampling Techniques
The study was used Simple Random Sampling. Simple random sampling is the most
widely used probability-sampling method because it is easy to implement and analyzed by
providing equal chance for the respondents (Sekaran, 2014).
3.5 Data Collection

3.5.1 Data Collection Methods
This study was used questionnaire method of the data collection. Questionnaire is a
collection of items to which respondent is expected to react in writing (Amin, 2014).

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Questionnaire was able to give the respondents appropriate time to have accurate responses
(Leifsson (2012).
3.5.2 Data Collection Instrument
The main data collection tools was used in this study questionnaires because it will
allow the researcher to reach a large sample within a limited time. Borg and Gall (2011)
observe that questionnaires are used to obtain descriptive information from a larger sample. It
also ensures objective replies due to its confidentiality.
3.5.3 Research Procedure
The researcher was developed a proposal in a period of three months under the guidance
of supervisor. Data was collected using questionnaires using drop-and –pick method. Data
collected was coded and entered into SPSS where it was analyzed and results was translated
into conclusions and recommendations made from the results.
3.6 Quality Control
The term quality control refers to the efforts and procedures that survey researcher put
in place to ensure the quality and accuracy so reliability coefficient at least 70% or 0.7 of data
being collected using the methodologies chosen for a particular study, (Harrison, 2012 .Quality
control was ensured by ensuring validity and reliability of research instruments.
3.6.1 Piloting
A pilot study a small scale preliminary study conducted in order to evaluate feasibility,
time, cost, adverse events, and improve upon the study design prior to performance of a full-
scale research project (Nicholas, 2011). Therefore in this study, the researcher done piloting
by giving questionnaires to respondents of a similar women entrepreneurs two weeks before
the actual data collection at Ibrahim district. Feedback from the pilot study was used to assess
the usefulness of the research instrument.

17
3.6.2 Validity of Instruments
Validity is the degree to which the research instruments was appropriately and
accurately measure what they were supposed to measure (Orodho, 2016). In this study, validity
was achieved by using expert judgment, in this case, the research instrument was reviewed by
the supervisor for his judgment on whether content and construct validity was met.
3.6.3 Reliability of Instruments
Reliability of the instrument refers to the degree to which the instrument consistently
measures whatever it is measuring (Amin, 2015). Reliability will be obtained by determining
Cronbach’s alpha in SPSS.
3.7 Data Analysis
Data which was obtained in this study was presented and analyzed through multiple
regression model to assess financial factors influencing women entrepreneurship. The multiple
regression analysis equation to be used is
Y= a + β2X1 + β2X2 + β2X3 + β2X4 +e
a = Coefficient, e = margin of error and β2 = Slope of the coefficient
Y= DV, entrepreneurship success
X1= Market and network
X2= Government support
X3= Socio economic factor
X4=funds availability
β= Beta
18
3.8 Ethical Consideration
Research must be approved by Alpha University, then study was conducted areas of
research which was doing for this study, and during the collection of data researcher was patient
and respect human dignity by not revealing the identity of the respondents in the study
19
CHAPTER FOUR
RESULTS AND FINDINGS

4.1 Introduction
This chapter presents findings and results of the study on Financial Factor Influencing
Entrepreneurship success among women trader in Ibrahim Kodbuur district Hargeisa,
entrepreneurship was measured from firms overall health over given period. Sample size
designed for this study was 43 respondents and all respondents returned the complete
questionnaire. This section presents finding and results of the study on Financial Factor
Influencing Entrepreneurship success among women trader in Ibrahim Kodbuur district.
Hargeisa, Somaliland. Along the following themes, which were market and network,
government support, socio-economic factor, and funds availability.
4.2 Background Information
The background information on respondents was collected on respondent’s age, gender,
years in business, educational level, marital status, and background information forms part of
the report to provide users with the information to examine generalizability of the study. The
data was organized by using frequency percentage and the results were presented as follows.
4.2.1 Distribution of Respondents by Age
Respondents were asked to indicate their age to enable the researcher to analyses the
Distribution of age of the respondents. The results are summarized in the table 4.1 below.
20
Table 4.1
Age respondent
Frequency percent valid percent cumulative percent
18-25 29 67.4% 67.4 67.4
26-35 8 18.6 % 18.6 18.6
36-45 6 14% 14 100
Total 43 100% 100
Table 1 above shows the distribution of respondent by age. It shows that most of the
respondents (67.4%) were aged 18-25years while 18.6 % of respondent were aged 26-35,
whereas respondents aged 36-45 were (14%).This shows that majority of respondents women
entrepreneurs are between the ages of 18-25 years.
4.2.2 Distribution of Respondents Years in business
Respondents were asked to indicate their years in business enable the researcher to
analyses the Distribution of years in business of the respondents. The results are summarized
in the table 4.2 below.

21
Table 4.2
Years in business respondent
1-2 22 51.2 % 51.2 51.2
3-7 3 7% 7 55.8
8-12 17 39.5% 39.5 97.7
13and above 1 2.3% 2.3 100
Total 43 100 100
Table 2 above shows the distribution of respondent by years in business. It shows that
most of the respondents (51.2%) were years 1-2, where respondents (39.5%).have 8-12 years
in business while (39.5%) of respondent were 7 % years in business and (2.3%).
, of the respondents were 13and above years in business .But it shows that majority of
respondents Women Entrepreneurs are between the years in business of 1-2 years.
4.2.3 Education Levels of Respondents
The respondents were also asked to indicate their Educational background. This was
necessary to determine the level of education for the respondents and their ability to understand
the questions and give appropriate responses. The responses are summarized Table 4.3 below.
22
Table 4.3
Educational level respondent
Primary 5 11.6% 11.6 11.6
Secondary 7 16.2% 16.2 27.9
Diploma 2 4.7% 4.7 32.6
Bachelor degree 19 44.3% 44.3 76.7
Master 7 16.2% 16.2 93.0
Others 3 7% 7 100
Total 43 100 100
Table 3 above shows the distributions of respondents by level of education. It shows
that majority of respondents had bachelor degree (44.3%) were the master level (16.2%)
were the secondary level (16.2) were primary level (11.6) were the primary level 11.6%). were
the other level 7%). were the primary level 4.7%).This means most of the respondents were
bachelor degree level which shows that women entrepreneurship were educated enough to
provide appropriate answer at confident level.
4.2.4 Distribution of Respondents by Marital status
Respondents were asked to indicate their marital status to enable the researcher to
analyses the distribution of marital status of the respondents. The results are summarized in
the table 4.4 below.

23
Table 4.4
Marital status of respondent.
Single 19 44.2 44.2 44.2
Married 24 55.8 55.8 100
Total 43 100 100
Table 4 above shows the distribution of respondent by marital status. It shows that
most of the respondents (55.8%) were married while were single 44.2 % of respondent this
shows that majority of respondent’s women entrepreneurs were married.
4.3 Measurement of Variables
After describing the background information of the women entrepreneurs, the
researcher proceeded to determine the determinants of financial factor influencing
Entrepreneurship success among women traders in Ibrahim Kodbuur district. The determinants
was financial factors as market and network , government support, socio-economic factor and
funds availability and Entrepreneurship success was self-satisfaction, social status, income
generation, self-motivated the respondents were requested to react to several statements on
these variables intended to assess the status of each subsidiary variable by indicating strongly
agree, agree, undecided , Disagree and strongly disagree.

24
Table 4.5
Measurement of Variables
Objectives Independ Variable Measuring Data Software Specific
ent Indicator Scale analysi for Tool
Variable s Analysis
Method
To determine the of market Market -Advance Scales: Descrip SPSS16 Frequency
and network on and network 5.Strongly Dis- tive and V Mean
entrepreneurship success network from the agree Regress Standard-
among women traders in family and 4. Disagree ion Deviation
Ibrahim koorbuur district friends 3.undeceided Method Regression
Hargeisa, Somaliland. 2. Agree
1. Strongly
Agree
To determine the Governm -Provide Scales: Descrip SPSS16 Frequency

government support on ent funds 5.StronglyDisa tive and V Mean
entrepreneurship success support gree Regress Standard-
among women traders in -Training 4. Disagree ion Deviation
Ibrahim koorbuur district 3.undeceided Method Regression
Hargeisa, Somaliland. -Tax 2. Agree
incentive 1. Strongly
Agree
To determine the socio- Socio- -Pull factor Scales: Descrip SPSS16 Frequency
economic factor on economic 5.Strongly Dis- tive and V Mean
entrepreneurship success factor -Push factor agree Regress Standard-
among women traders in 4. Disagree ion Deviation
Ibrahim koorbuur district 3.undeceided Method Regression
1. Strongly
Agree
To determine the funds Funds -Source Scales: Descrip SPSS16 Frequency

availability on availabili -Duration 5.Strongly Dis- tive and V Mean
entrepreneurship success ty agree Regress Standard-
among women traders in -Financial 4. Disagree ion Deviation
Ibrahim koorbuur district inclusion 3.undecided Method Regression
-Support 1. Strongly
leading Agree
agencies
25
Entrepreneurship success -Self- Scales Descrip SPSS16 Frequency

satisfaction 5.Strongly tive and V Mean
-Social Disagree Regress Standard-
status 4,Disgree ion Deviation
-Income 3.undeceided Method Regression
generation 2.Agree
-Self- 1.Strongly
motivated Agree
4.4 Market and Network and Entrepreneurship success in Ibrahim Kodbuur District.
The first objective of this study was to determine the influence of market and network
on entrepreneurship success among women traders in Ibrahim Kodbuur district. Respondents
were asked to indicate their agreement or disagreement with the statements on this variable and
the responses were used for descriptive analyses the results summarized in Table 4.6 below.
Table 4.6
Market and Network
No Statement SD D U A SA N Mean SD
1 There is relationship between market and 0 4 1 14 24 43 1.65 0.92
network and women entrepreneurship success in
Ibrahim Koodbuur district.
2 Having large market and network is necessary 0 5 0 14 24 43 1.67 0.96
for women entrepreneurship success in Ibrahim
Koodbuur district.
3 Market and network influence women 1 0 1 24 17 43 1.7 0.72
entrepreneurship success in Ibrahim Koodbuur
district.
4 Total 1 9 2 52 65 129 5.02 2.6
Table 6 above results indicating (50.3%) of the respondents were strongly in agreement
with the statements on influence of market and network on entrepreneurship success. On the
26
other hand (40.3%) of the respondents agreed that the market and network has influence on
entrepreneurship success in Ibrahim Kodbuur district, while only (1.5%) of the respondents
had undecided with the statements. On the contrary, (6.9%) were in disagreement while (0.7%)
strongly disagreed with the statements on the influence of market and network on
entrepreneurship success in Ibrahim Kodbuur district. This shows the majority of respondents
were of the opinion that there is relationship between market and network and women
entrepreneurship success in Ibrahim Koodbuur district. having large market and network is
necessary for women entrepreneurship success in Ibrahim Koodbuur district, are both majority
a greater extent as indicated by the respective means (M=1.6, 1.6, 1.7) respectively, and their
standard deviations of (SD=0.9, 0.9, 0.7) respectively.
4.5 Government support and Entrepreneurship success in Ibrahim Kodbuur

district.
The second objective of this study was to determine the effect of government support
on entrepreneurship success in Ibrahim Kodbuur district. Respondents were asked to react to
several statements on these variables and the responses were used to determine the extent of
women entrepreneurship and the results summarized in Table 4.7 below.

27
Table 4.7
Government support
Statement SD D U A SA N mean SD
Government support is necessary for women 5 3 0 19 16 43 2.11 1.31
entrepreneurship success in Ibrahim Koodbuur
district.
Government provides a financial support funds to 12 14 9 6 2 43 3.65 1.17
women entrepreneurship in Ibrahim Koodbuur
district.
Government provides training workshop to women 10 13 7 10 3 43 3.39 1.27
entrepreneurship in Ibrahim Koodbuur district.
The government provides tax incentive to women 4 16 3 14 6 43 2.95 1.29
Total 31 46 19 49 27 172 12.1 5.04
Table 7 above results indicating (15.6%) of the respondents were strongly in agreement
with the statements on influence of government support on entrepreneurship success. On the
other side (28.4%) of the respondents agreed that the government support has influence on
entrepreneurship success s in Ibrahim Kodbuur district, while only (11.0%) of the respondents
had undecided with the statements. On the contrary, (26.7%) were in disagreement while
(18.0%) strongly disagreed with the statements on the influence of government support on
entrepreneurship success in Ibrahim Kodbuur district. This shows majority of respondents were
of the opinion that government support is necessary for women entrepreneurship success in
Ibrahim Koodbuur district. Is a greater extent as indicated by the respective means (M=2.1,
28
1.3.6, 3.3, 2.9) respectively, and their standard deviations of (SD = 1.3, 1.1, 1.27, 1.29)
respectively.
4.6 Socio-economic factor and Entrepreneurship success in Ibrahim Kodbuur

district.
The thirty objective of this study was to determine the effect of socio-economic factor
on entrepreneurship success in Ibrahim Kodbuur district. Respondents were asked to react to
several statements on these variables and the responses were used to determine the extent of
women entrepreneurship and the results summarized in Table 4.8 below
Table 4.8
Socio-economic factor
Statement SD D U A SA N Mean SD
Unemployment and retrenchment influences 1 2 2 18 20 43 1.74 0.92
the decision of women going into
entrepreneurs in Ibrahim Koodbuur district.
The desire to increase wealth affect the 1 3 3 19 17 43 1.88 0.98
decision to become entrepreneurship in
Ibrahim Koodbuur district.
The desire for lifestyle change influences the 1 4 3 19 16 43 1.95 1.02
decision to become an woman
Cultural or family background influences 1 2 0 21 19 43 1.72 0.88
women entrepreneurship in Ibrahim
Koodbuur district.
Total 4 11 8 77 72 172 7.29 3.8

29
Table 8 above results indicating (41%) of the respondents were strongly in agreement
with the statements on influence of Socio-economic factor on entrepreneurship success. On the
other side (44.7%) of the respondents agreed that the socio-economic has influence on
entrepreneurship success s in Ibrahim Kodbuur district, while only (4.6%) of the respondents
had undecided with the statements. On the contrary, (6.3%) were in disagreement while (2.3%)
strongly disagreed with the statements on the influence of socio-economic factor on
entrepreneurship success in Ibrahim Kodbuur district. This shows the majority of respondents
were of the opinion that unemployment and retrenchment influences the decision of women
going into entrepreneurs in Ibrahim Koodbuur district, is a greater extent as indicated by the
respective means (M=1.74,1.88, 1.95, 1.72) respectively, and their standard deviations of
(SD=0.92,0.98, 1.02, 0.88 ) respectively.
4.7 Funds availability and Entrepreneurship success in Ibrahim Kodbuur District
The thirty objective of this study was to determine the effect of Funds availability on
entrepreneurship success in Ibrahim Kodbuur district. Respondents were asked to react to
several statements on these variables and the responses were used to determine the extent
women entrepreneurship and the results summarized in Table 4.9 below.

30
Table 4.9
Funds availability
Statement SD D U A SA N Mean SD
Most of the funds lent to women entrepreneurs 2 2 1 13 25 43 1.67 1.06
are obtained from personal saving
Most of the funds lent to women entrepreneurs 1 4 3 24 11 43 2.06 0.96
are obtained from family and friends
Most of the funds raised by KIMS are obtained 8 14 5 11 5 43 3.2 1.33
from the leading commercial agencies
Women entrepreneurs who are members of 4 9 5 16 5 43 2.6 1.29
KIMS must have saving account
Total 15 29 14 64 14 172 9.53 4.64
` Table 9 above results indicating (8.1%) of the respondents were strongly in agreement
with the statements on influence of funds availability on entrepreneurship success. On the other
hand (37.2%) of the respondents agreed that the funds availability has influence on
Entrepreneurship success s in Ibrahim Kodbuur district, while only (8.1%) of the respondents
had undecided with the statements. On the contrary, (16.8%) were in disagreement while
(8.7%) strongly disagreed with the statements on the influence of funds availability on
entrepreneurship success in Ibrahim Kodbuur district. This the majority of respondents were
of the opinion that most of the funds lent to women entrepreneurs are obtained from personal
saving is a greater extent as indicated by the respective means (M=1.67, 2.06, 3.2, 2.6)
respectively, and their standard deviations of (SD= 1.06, 0.96, 1.33, 1.29) respectively.
31
Table 4.10
No Statement SD D U A SA N mean SD
1 Self-satisfaction of women entrepreneurs in 0 3 0 17 23 43 1.60 0.82
Ibrahim Koodbuur district. has improved
2 Social status of women entrepreneurs in 0 1 1 18 23 43 1.53 0.66
3 Income generation of women entrepreneurs in 0 0 1 16 26 43 1.41 0.54
4 Self-motivation of women entrepreneurs in 0 0 1 18 24 43 1.48 0.63
Total 0 4 3 69 97 172 1.48 2.65
Table 10 above results indicating (56.3%) of the respondents were strongly in
agreement with the statements on influence on entrepreneurship success. On the other hand
(40.1%) of the respondents agreed that the entrepreneurship success has influence on financial
factors in Ibrahim Kodbuur district, while only (1.7%) of the respondents had undecided with
the statements. On the contrary, (2.32%) were in disagreement while (0%) strongly disagreed
with the statements on the influence of entrepreneurship success in Ibrahim Kodbuur district.
This shows the majority of respondents were of the opinion that income generation of women
entrepreneurs in Ibrahim Koodbuur district, has improved is a greater extent as indicated by
the respective means (M=1.6, 1.5, 1.4, 1.4) respectively, and their standard deviations of (SD=
0.82, 0.66, 0.5, 0.6) respectively.

32
Table 4.11
Model Summary
Mo R R Adjusted Std. Error Change Statistics

del Square R Square of the R Square F df1 df2 Sig. F Change
Estimate Change Change
1 .457 a
.209 .126 1.76658 .209 2.509 4 38 .05
a. Predictors: (Constant), fund availability, socioeconomic factor, govermentsupport, market and net
work
a. Predictors: (Constant), funds availability, socio-economic factor, market and network, and
government support.
In table 4.11 above, R indicates the correlation between dependent variable
(Entrepreneurship Success) and independent variable (financial factors). R=0.457 indicates
that there is positive correlation .between funds availability, socio-economic factor, market and
network, government support and entrepreneurship success. The coefficient of determination,
R2, tells us the total percentage of variation in the dependent variable explained by the four
independent variables. R2 = 0.209 means that about 20.9% of total variation of dependent
variables is explained by four independent variables (fund availability, socio economic factor,
market and network, government support).
Table 4.12 ANOVAa
Model Sum of Df Mean F Sig.

Squares Squar
e
Regressio
31.316 4 7.829 2.509 .05b
n
1
Residual 118.591 38 3.121
Total 149.907 42
33
a. Dependent Variable: entrepreneurship success
b. Predictors: (Constant), fund availability, socio economic factor, govermentsupport, market
and net work
In table 4.12 above, F-statistic measures the overall significant of the model, (F (4,
38) = 2.509, p<.05 with an R square of .209 which is significant as P = 0.05. Thus, the result
led to the rejection of the null hypothesis that there is no relationship between financial
factors and entrepreneurship success.
Table 4.13
Coefficients’
Model Unstandardized Standardize t Sig. Collinearity

Coefficients d Statistics
Coefficients
B Std. Error Beta Tolerance VIF
(Constant) 2.184 1.380 1.582 .122

Marketandnetwo
-.105 .159 -.110 -.661 .013 .745 1.343
rk
1 Govermentsupp
.012 .081 .024 .154 .879 .843 1.186
ort
Socioeconomic .257 .115 .345 2.240 .031 .875 1.142
Fundavailability .247 .113 .347 2.191 .035 .830 1.204
a. Dependent Variable: entrepreneurshipsucess
In table 4.13 above, three of the estimated regression coefficients are statistically
significant. β represents the un-standardized regression coefficient. Funds availability, socio-
economic factor, market and network contributed significantly to the model (β1 = 0.035,
p<.05), (β2 =0.031, p<.05), β3 =0.013, p<.05). Using the value of β and the constant term, the
regression equation is developed to determine the effect of financial factors influencing
entrepreneurship Success as:

34
(Y= a + β2X1 + β2X2 +B3X3+ e)
P1 = 2.184 + (0.03FA) + 0.003 SE + 0.013 MN Where P1 is the predicted Entrepreneurship
Success, X1= funds availability, X2= socio economic factor and X3= Market and network.
This shows that a unit increase in funds availability will lead to an increase in Entrepreneurship
Success by 0.035; also, for each unit increase in socio-economic factor will lead to increase
Entrepreneurship Success by 0.031. and that for a unit increase in market and network will
lead to an increase in Entrepreneurship Success by 0.013 However, as per the findings of this
study, only Socio-economic factors, funds availability and market and network are significant
(p<0.05), but Government support did not have a significant influence on women
entrepreneurship success (β1 = 0.879 p>.05). Thus, overall, the model was a significant
predictor of entrepreneurship success.

35
CHAPTER FIVE
SUMMARY OF FINDINGS, DISCUSSION, CONCLUSION AND
RECOMMENDATIONS
5.1 Introduction
This study investigated the effect of financial factors influencing on Entrepreneurship
Success among women traders in Ibrahim Koodbuur district. Data was collected from 43
women entrepreneurs of Ibrahim Koodbuur district and analyzed using multiple regression
model and reported in chapter four using figures and tables. This chapter presents a summary
of the findings, conclusion and recommendations based on the findings of the study.
5.2 Summary of the Findings
The first objective of this study was to establish the effect of market and network on
Entrepreneurship Success in Ibrahim Koodbuur district. (50.3%) of the respondents were
strongly in agreement with the statements on influence of market and network on
entrepreneurship success. On the other hand (40.3%) of the respondents agreed that market and
network has influence on entrepreneurship success in Ibrahim Kodbuur district, while only
(1.5%) of the respondents had undecided with the statements. On the contrary, (6.9%) were in
disagreement while (0.7%) strongly disagreed with the statements on the influence of market
and network on entrepreneurship success in Ibrahim Kodbuur district. This shows the majority
of respondents were of the opinion that there is relationship between market and network and
women entrepreneurship success in Ibrahim Koodbuur district, and having large market and
network is necessary for women entrepreneurship success in Ibrahim Koodbuur district, are
both majority a greater extent as indicated by the respective means (M=1.6, 1.6, 1.7)
respectively, and their standard deviations of (SD=0.9, 0.9, 0.7) respectively. The overall status
of market and networks on entrepreneurship success surveyed was found to strongly agree that
market and networks was important factor for entrepreneurship success and found to have
36
significant effect on entrepreneurship success of women entrepreneurs of Ibrahim koodbuur
market Hargeisa Somaliland. F (4, 38,) = 2.509 and to account for about 20.9% of the variance
in the entrepreneurship success of Ibrahim koodbuur market (R = 0.457, R2 = 0.209, P = 0.05)
hence, market and network affects entrepreneurship success.
The second objective of this study was to establish the effect of government support on
Entrepreneurship Success in Ibrahim Koodbuur district. Results indicating (15.6%) of the
respondents were strongly in agreement with the statements on influence of government
support on entrepreneurship success. On the other hand (28.4%) of the respondents agreed that
government support has influence on entrepreneurship success in Ibrahim Kodbuur district,
while only (11.0%) of the respondents had undecided with the statements. On the contrary,
(26.7%) were in disagreement while (18.0%) strongly disagreed with the statements on the
influence of government support on entrepreneurship success in Ibrahim Kodbuur district.
This shows the majority of respondents were of the opinion that government support
is necessary for women entrepreneurship success in Ibrahim Koodbuur district, as indicated
by the respective means (M=2.1,1.3.6, 3.3, 2.9 ) respectively, and their standard deviations of
(SD 1.3,1.1, 1.27, 1.29) respectively. The overall status of government support on
entrepreneurship success surveyed was found to strongly agree that government support was
an important factor for entrepreneurship success and found to have significant effect on
entrepreneurship success of women entrepreneurs of Ibrahim koodbuur district. F (4,38,)
= 2.509 and to account for about 20.9% of the variance in the entrepreneurship success
of Ibrahim, koodbuur market (R = 0.457, R2 = 0.209, P = 0.05) hence, government support
effects women entrepreneurship success.

37
The third objective of this study was to establish the effect of socio-economic factor on
entrepreneurship success in Ibrahim Koodbuur district. Results indicating (41%) of the
respondents were strongly in agreement with the statements on influence of Socio-economic
factor on entrepreneurship success. On the other side (44.7%) of the respondents agreed that
the socio-economic factor has influence on entrepreneurship success in Ibrahim Kodbuur
district, while only (4.6%) of the respondents had undecided with the statements. On the
contrary, (6.3%) were in disagreement while (2.3%) strongly disagreed with the statements on
the influence of socio-economic factor on entrepreneurship success in Ibrahim Kodbuur
district.
This shows the majority of respondents were of the opinion that unemployment and
retrenchment influence the decision of women going into entrepreneurship in Ibrahim
Koodbuur district, to a greater extent as indicated by the respective means (M=1.74,1.88, 1.95,
1.72) respectively, and their standard deviations of (SD=0.92,0.98, 1.02, 0.88 ) respectively.
Overall status of socio- economic factor on entrepreneurship success surveyed was found to
strongly agree that socio-economic factor was important factor for entrepreneurship success
and found to have significant effect on entrepreneurship success in Ibrahim koodbuur Hargeisa
market. F (4, 38,) = 2.509 and to account for about 20.9% of the variance in the
entrepreneurship success of Ibrahim koodbuur market (R = 0.457, R2 = 0.209, P = 0.05) hence
socio-economic factor affects entrepreneurship success surveyed.
The fourth objective of this study was to establish the effect of funds availability on
Entrepreneurship Success in Ibrahim Koodbuur district, results indicating (8.1%) of the
respondents were strongly in agreement with the statements on influence of market and
network on entrepreneurship success. On the other side (37.2%) of the respondents agreed that
the funds availability has influence on Entrepreneurship success s in Ibrahim Kodbuur District,
while only (8.1%) of the respondents undecided with the statements. On the contrary, (16.8%)
38
were in disagreement while (8.7%) strongly disagreed with the statements on the influence of
socio-economic factor on entrepreneurship success in Ibrahim Kodbuur district.
This shows the majority of respondents were of the opinion that most of the funds lent
to women entrepreneurs are obtained from personal saving is a greater extent as indicated by
the respective means (M=1.67, 2.06, 3.2, 2.6) respectively, and their standard deviations of
(SD= 1.06 0.96, 1.33, 1.29) respectively. The overall status of funds availability on
entrepreneurship success surveyed was found to strongly agree that funds availability was
important factor for entrepreneurship success and found to have significant effect on
entrepreneurship success in women entrepreneurs in Ibrahim koodbuur district Hargeisa.
F (4, 38,) = 2.509 and to account for about 20.9% of the variance in the entrepreneurship
success of Ibrahim koodbuur district, (R = 0.457, R2 = 0.209, P = 0.05) hence funds availability
affects entrepreneurship success surveyed.
5.3 Discussion
This section discusses the findings in the study investigated four different
Objectives and as result made four key findings; one for each objective. First, the study found
that market and networks have a significant effect on entrepreneurship success among women
traders in Ibrahim koodbuur district [F (4, 38) = 2.509, P= 0.05]. This finding was consistent
with those of Guled and Kaplan (2018), who studied factors influencing women
entrepreneurship on business success in Mogadishu Somalia. The finding of his study showed
that market and network has a significant effect on entrepreneurship success at p<.0.05
significance level by 0.4%.
Second, the study found that funds availability has a significant effect on
entrepreneurship success among women traders in Ibrahim koodbuur district [F (4, 38) =
2.509,P= 0.05]. This finding was consistent with those of Guled and Kaplan (2018) Refer
previous page factors influencing women entrepreneurs on business success in Mogadishu

39
Somalia. The finding of his study showed that funds availability has a significant effect on
entrepreneurship success at p<0.05 significance level by 0.00%.
Third the study found that socio economic factor has a significant effect on
entrepreneurship success among women traders in Ibrahim koodbuur district,
[F (4, 38) = 2.509, P= 0.05]. This finding was consistent with those, Gitari caroline (2016).
Factors affecting women entrepreneurs' financial Performance in Kenya The finding of his
study showed that socio-economic factor has a significant effect on entrepreneurship success
at p< 0.05 significance level by 0.01%.
The fourthly study found that government support has no significant effect on
entrepreneurship success among women traders in Ibrahim koodbuur district, [F (4, 38) =
2.509, P= 0.05].This finding contradicts that in Guled and Kaplan (2018), who found a
significant effect between government support and entrepreneurship success (p<.000).this
could be due to the fact that in Ibrahim koodbuur district, the government does not provide
financial support to women entrepreneurship.
5.4 Conclusion
This section draws the conclusion of the study and taking into consideration the findings
and the discussion previously made. The general objective of the study was to determine the
financial factors influencing on entrepreneurship success among women traders in Ibrahim
Koodbuur district, Hargeisa Somaliland. With the focus on funds availability, socio-economic
factor, market and network, government support. The study found that funds availability, F (4,
38) = 2.509, p = 0.05 socio economic factor, F (4, 38) = 2.509, p = 0.05; and market and
network F (4, 38,) = 2.509, p = 0.05, have a significant effect on entrepreneurship success.
While government support F (4, 38) = 2.509, p = 0.05 .has no significant effect on
entrepreneurship success this study concludes that financial factor has a significant effect on
entrepreneurship success of women traders in Ibrahim Koodbuur market.

40
5.5 Recommendations
5.5.1 General Recommendation
The study revealed that financial factor had significant effect on Entrepreneurship
success among women traders in Ibrahim koobuur district Haegeisa. Most of the funds lent to
women entrepreneurs are obtained from personal saving, that micro finance institutions should
empower women entrepreneurs and lend them funds in order to encourage them into
entrepreneurship. While government support is necessary for women entrepreneurship success
in Ibrahim Koodbuur district Hargeisa, Somaliland government does not provide financial
support to women entrepreneurs in Ibrahim Koodbuur district Hargeisa. So government should
provide training to women entrepreneurship in order to improve their financial skills and
enhancing entrepreneurship Success.
5.5.2 Recommendations for further research.
There are many factors that influence women entrepreneurship success and the study
only looked at a few of the studied can be done on. Guled and Kaplan (2018), factors
influencing women entrepreneurs on business success in Mogadishu Somalia. Factors affecting
women entrepreneurs' financial Performance in Kenya, Gitari caroline (2016).

41
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47
APPENDEX
QUESTIONAIRE
Dear respondents,
I am Ahmed Hasen Seid , a student of Accord University conducting academic research on
study “Financial Factors Influencing Entrepreneurship Success among women trader in Ibrahim
Koodbuur district Hargeisa, Somaliland. In view of this research, I kindly request you to fill in
the questionnaire. The data you provide will be used only for academic purpose and the
information you provide will be treated in strict confidence.
Background data
1 Age (years)
18-25 26-35
36-45 45 and above
2. years in business-
1-2 8-12
3-7 13 and above
3. Educational level
Primary school Secondary School
Diploma Bachelor Degree
Master Degree
Others
Please specify…………………………………………………………………………………...
4- Marital status
Married
Single
48
PART B: FINANCAIL FACTORS
SECTION A: MARKET AND NETWORK
5. The statement below relate to market and network and women entrepreneurship success.
Supplied also are five options corresponding to these statements: Strongly Disagree 5: (SD)
Dis agree 4: (D) 3: Undecided (U) 2: agree (A) and strongly agree 1: (SA)
Please tick the option that best suits your opinion on the statement given
NO STATEMENT SD D U A SA
1 There is relationship between market and network and
women entrepreneurship success in Ibrahim Koodbuur
district.
2 Having large market and network is necessary for women
entrepreneurship success in Ibrahim Koodbuur district.
3 Market and network influence women entrepreneurship
success in Ibrahim Koodbuur district.
SECTION B: GOVERNMENT SUPPORT
6. The statement below relate to government support influencing women entrepreneurship
success. Supplied also are five options corresponding to these statements: Strongly Disagree
5: (SD) Disagree 4: (D) Undecided 3: (U) agree 2: (A) and strongly agree 1: (SA)
49
1 Government support is necessary for women
entrepreneurship success in Ibrahim Koodbuur district.
2 Government provides a financial support funds to women
3 Government provides training workshop to women
4 The government provides tax incentive to women
SECTION C: SOCIO-ECONOMIC FACTORS
7.The statement below relate to socio-economic factors influencing women entrepreneurship
success Supplied also are five options corresponding to these statements: Strongly Disagree 5:
(SD) Disagree 4: (D) Undecided 3: (U) agree 2: (A) and strongly agree 1: (SA)
1 Unemployment and retrenchment influences the decision of
women going into entrepreneurs in Ibrahim Koodbuur district.

50
2 The desire to increase wealth affect the decision to become
3 The desire for lifestyle change influences the decision to
become a woman entrepreneurship in Ibrahim Koodbuur
district.
4 Cultural or family background influences women
SECTION D: FUNDS AVAILABILITY.
8. The statement below relate to funds availability and women entrepreneurship success.
Supplied also are five options corresponding to these statements: Strongly Disagree 5: (SD)
Disagree 4: (D) Undecided 3: (U) agree 2: (A) and strongly agree 1: (SA)
1 Most of the funds lent to women entrepreneurs are
obtained from personal saving
2 Most of the funds lent to women entrepreneurs are
obtained from family and friends
Most of the funds raised by KIMS are obtained from the
3 leading commercial agencies
4 Women entrepreneurs who are members of KIMS must
have a saving account

51
SECTION E: ENTERPRENERSHIP SUCCESS
9. The statement below relate to entrepreneurship success. Supplied also are five options
corresponding to these statements: Strongly Disagree 5: (SD) Disagree 4: (D) Undecided 3 :(
U) Agree 2: (A) and strongly agree 1: (SA)
Please tick the option that best suits your opinion on the statement given.
1 Self-satisfaction of women entrepreneurs in Ibrahim
Koodbuur district, has improved
2 Social status of women entrepreneurs in Ibrahim
3 Income generation of women entrepreneurs in Ibrahim
4 Self-motivation of women entrepreneurs in Ibrahim
Thank you so much.

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Entrepreneurship success

DECLARATION AND APPROVAL

Declaration by the Student

for award of a Master’s degree in this university.

Name: AHMED HASEN SEID

wife Amun abdi Salaan Hassan

this research work.

DECLARATION...................................................................Error! Bookmark not defined.

APPROVAL..........................................................................Error! Bookmark not defined.

1.1 Background of the study...............................................................................................1

1.2 Statement of the Problem..............................................................................................4

1.3.1 General Objectives................................................................................................5

1.3.2 Specific Objectives................................................................................................6

1.5 The Scope of the Study.................................................................................................7

1.6 Significance of the study...............................................................................................7

1.8 Conceptual Framework.................................................................................................8

2.2 Market and network and entrepreneurship Success in Hargeisa Somaliland.............9

2.3 Government support and entrepreneurship Success in Hargeisa Somaliland..............9

2.4 Funds availability and entrepreneurship Success in Hargeisa Somaliland.................10

2.5 Socio -economic factor and entrepreneurship Success in Hargiesa Somaliland.......11

2.8.1 Push and Pull Theories..........................................................................................12

2.8.2 Necessity versus Opportunity Theories..................................................................13

2.8.3 Shane theory...........................................................................................................13

3.1 Research Area............................................................................................................14

3.2 Research Design........................................................................................................14

3.3 Study Population........................................................................................................14

3.3.1 Target Population....................................................................................................14

3.3.2 Accessible Population............................................................................................15

3.4 Sample and Sampling.................................................................................................15

3.4.1 Sample Size.............................................................................................................15

3.4.2 Sampling Techniques.............................................................................................15

3.5 Data Collection............................................................................................................15

3.5.1 Data Collection Methods.........................................................................................15

3.5.2 Data Collection Instrument...................................................................................16

3.5.3 Research Procedure................................................................................................16

3.6 Quality Control..........................................................................................................16

3.6.2 Validity of Instruments...........................................................................................17

3.7 Data Analysis.............................................................................................................17

3.8 Ethical Consideration.................................................................................................18

RESULTS AND FINDINGS.....................................................................................................19

4.2 Background Information............................................................................................19

4.2.1 Distribution of Respondents by Age...................................................................19

4.2.2 Distribution of Respondents Years in business...................................................20

4.2.3 Education Levels of Respondents.......................................................................21

4.2.4 Distribution of Respondents by Marital status.....................................................22

4.3 Measurement of Variables.........................................................................................23

4.5 Government support and Entrepreneurship success in Ibrahim Kodbuur district......26

4.6 Socio-economic factor and Entrepreneurship success in Ibrahim Kodbuur district. 28

4.7 Funds availability and Entrepreneurship success in Ibrahim Kodbuur District..........29

SUMMARY OF FINDINGS, DISCUSSION, CONCLUSION AND.......................................35

5.2 Summary of the Findings.................................................................................................35

5.5.1 General Recommendation...................................................................................40

5.5.2 Recommendations for further research................................................................40

Table 4.2 Years in business respondent...................................................................................21

Table 4.3 Educational level respondent....................................................................................22

Table 4.4 Marital status of respondent......................................................................................23

Table 4.5 Measurement of Variables........................................................................................24

Table 4.6 Market and Network.................................................................................................25

Table 4.7 Government support................................................................................................27

Table 4.8 Socio-economic factor............................................................................................28

Table 4.9 Funds availability.....................................................................................................30

Table 4.10 Entrepreneurship success........................................................................................31