Proceedings of the 5th International Conference on New Ideas in Management, Economics and Accounting
Factors that Hinder Ndergraduate Students from Venturing into Businesses While Studying
Zurina Patrick, Adriana Mohd. Rizal, Suzilawati Kamarudin and Ong Choon Hee
Although various government assistance and support are made available to aid undergraduate students to start their own business while studying, readiness among the students to engage in entrepreneurial activity is still low. It is essential to determine the factors that hinder undergraduate students from venturing into business while studying, as the future working environment largely depends on the enthusiasm, the agility, and the creativity of these generations. Studies on the factors that cause undergraduate students not to opt entrepreneurship are indeed imminent. Hence, this study is meant to enhance our understanding the link between business start-up challenges and entrepreneurship intentions in explaining why undergraduate students are more likely to seek employment, instead of generating their own income. This study utilized the case study methodology and selected several undergraduate students from a research university in Malaysia as the research setting. This study discovered five factors, including lack of family support, lack of resources, lack of social networking, fear of risk, and aversion to stress, which hinder undergraduate students from starting a business. These insights are useful for academic, entrepreneurial educators, advisors or consultants, and policymakers to enhance entrepreneurship intentions in supporting entrepreneurship activities among undergraduate students.
Keywords: Entrepreneurship intention, undergraduate students, lack of family support, lack of resources, lack of social networking, fear of risk and aversion to stress