1Faculty of Economics and Business, Sam Ratulangi University, Indonesia
2Ministry of Transportation, Republic of Indonesia
The number of female entrepreneurs is developing has contributed to the Indonesian economy. Although the number of female-owned businesses exceeds the number of male-owned business, men have more large-scale business than women’s. This study examines the personal and business characteristics to search for the barriers faced by female entrepreneurs to step up the business. A logistics regression model is used to analyze primary data from a survey conducted in North Sulawesi province, Indonesia. The study finds that an increase in age and family time reduces the probability of business expansion. Likewise, when interacted with age groups, income and number of family time exhibit negative impact. Different age groups display different relationships between a decision to step up and the personal. characteristics of the female entrepreneurs including income, work-life balance and reasons to do business. The finding may shed light on potential solutions to increase the probability of business expansion.
Entrepreneurs, Bussiness characteristics, Bussiness expansion