IIARD International Institute of Academic Research and Development

WORLD JOURNAL OF ENTREPRENEURIAL DEVELOPMENT STUDIES (WJEDS )

E-ISSN 2579-0544
P-ISSN 2695-2483
VOL. 9 NO. 7 2024
DOI: 10.56201/wjeds.v9.no7.2024.pg125.139

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Entrepreneurial Stress and Family Dynamics in Rivers State. (An Exploratory Approach)

Nwabuatu, Emmanuel Nnajiubah. Ph. D

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Abstract

This exploratory study investigates the relationship between entrepreneurial stress and family dynamics in Rivers State, Nigeria. A stratified random sample of 250 participants, comprising 125 entrepreneurs and 125 family members, was utilized to ensure diverse representation. Data collection employed a mixed-method approach, integrating semi-structured interviews for qualitative insights and a structured questionnaire, the "Entrepreneurial Stress and Family Dynamics Questionnaire (ESFDQ)," with a reliability score (Cronbach's alpha) of 0.85. Quantitative data were analysed using descriptive statistics, while thematic coding was applied to qualitative data for a holistic understanding. Findings reveal that financial instability, regulatory pressures, market competition, and cash flow issues are significant stressors impacting entrepreneurial activities. Notably, limited access to funding emerged as the most critical factor. The study also highlights the adverse effects of entrepreneurial stress on family dynamics, including increased spousal conflicts, reduced quality time with family, and emotional strain on family members. Coping mechanisms such as task delegation, stress-relief practices, counselling, and recreational activities were identified as effective, albeit with varying degrees of success. Emotional support from extended family and community members was less commonly utilized. These findings underscore the pressing need for targeted interventions to support entrepreneurs and their families. The study concludes that sustainable stress management requires the integration of institutional support, community resources, and family-based interventions. Recommendations include implementing financial and regulatory relief programs, enhancing awareness of stress management strategies, providing accessible mental health services, and fostering community-based support networks. These measures are crucial to mitigate entrep

keywords:

Entrepreneurial Stress, Family Dynamics, Work-Life Balance, Rivers State,

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