Socioeconomic Barriers to Women's Entrepreneurship: In Context of Faisalabad City

Abstract

This research examined the dynamic environment of women’s entrepreneurship in Faisalabad, Pakistan. Highlighting the multifaceted socio-economic constraints that restrict women entrepreneurs’ economic potential, women-owned firms have appeared as pivotal drivers for sustainable empowerment. Recognizing the challenges that they face is paramount. Employing the stratified random sampling technique for our study, and conducted structured interviews with 100 women entrepreneurs to uncover the subtle interaction of socio-cultural, economic, and institutional factors affecting their monthly income.The data show that workforce size, location of business, social capital, access to digital technology, and marital status are important factors in shaping income levels, while experience and age exert minimal impact. This emphasizes the need for targeted interventions centered on workforce development, such as vocational training, digital literacy programs, women-centered business zones, and networks of mentorship.                                                                         This research seeks to empower women entrepreneurs to conquer systemic constraints, boosting economic growth and gender equality in entrepreneurial ecosystem of Pakistan. Accordingly, it reveals the transformative role of women in shaping inclusive prosperity and societal development.