Entrepreneurial Well-Being and Non-Financial Success: A Study on Women Entrepreneurs in the Philippine Rural Area

Abstract

Women in the Philippines account for more than half of the country's population of 109 million people and they play an essential role in the socio-cultural and economic spheres. This study aimed to determine the entrepreneurial well-being and non-financial success of women entrepreneurs. The study utilized a descriptive correlational research design. The results revealed that entrepreneurial well-being is very high. The non-financial success indicators are very high in terms of family support, interpersonal skills, risk encountering, social security and freedom, and business features. The training and motivation and access to technology are high, while the assistance and easy regulation is moderate. The result of the correlation shows that entrepreneurial well-being has a moderate positive relationship with non-financial success. Authenticity at work and entrepreneurial work engagement are predictors of non-financial success. The study generated the WEbNofs Model. The researchers conclude that if the women have a very high manifestation of well-being, they become more effective in their endeavor and thus become successful as business entrepreneurs.