THE PROBLEM

INTRODUCTION

Younger generation take for granted much of what have

been seen as being the norm, but in reality it is still very new. This

is a new way doing business, older generations grew up and learn

the different way of business, Nowadays teenagers are left with

less responsibilities. The risk to consider for a ‘Teenpreneur’ are

much less in the sense. Many young entrepreneurs made in the

past, just look at Steve Jobs and Bill Gate with the emergence of

the internet, entrepreneurship has opened up for a lot of under 30’s

to be able to take their ideas and go through with it. According to

Kauffman Corporation of young entrepreneurs here in the

Philippines the age that is appropriate of being a young

entrepreneur is 17-34 years old.

Every Individual faces difficulties or struggles especially to a

Young Entrepreneurs. Entrepreneurs that started their business in

a young age struggles with Lack of Experience, Lack of

Knowledge/Skills, Lack of Direction and Planning, Money, and

another struggle is information overload. In the other hand, every

problem has a solution and every disadvantages has an advantage.

Young Entrepreneurs advantages is that thei threats are minimal,

time, less commitments, skilled with technology and the advantage

of failing. One easy solution to overcome difficulties is not to expect much

profit, ensure the schedule you are making are achievable and stick to it.

They must possess to start of a new business and if not prepared educate

oneself. Look for the authenticity of the data and do not expect much.

If other young people wants to start a business, they need to

put resources in place to help more of them to overcome the

obstacles. In this study learning the advantage and disadvantage of

being a Young Entrepreneur will give more knowledge about it.

Statement of the Problem

This research will analyze the “Advantages and

Disadvantages of Young Entrepreneurs in Labo Camarines Norte”.

1. What are the profile of the respondents in term of their:

a. Age

b. Sex

2. What are the advantages of Young entrepreneur in Labo

Camarines Norte?

3. What are the disadvantages of Young entrepreneur in

Labo Camarines Norte?

4. What is/are the contribution of Young entrepreneur to

Societies Economic Development in Labo,Camarines Norte?

Significance of the Study

This study has significance to the persons listed as follows;

Young Entrepreneurs. This study will benefit them because they

will know the advantage and disadvantage of Young Entrepreneurs.

Future Entrepreneur. This study will help them understand the

advantages and disadvantages of being a Young Entrepreneur or a

person who is new to the business world.

Researchers. This study will help the researchers to acquire new

knowledge and skills that they can use in their profession. This

paper can enlighten their thinking with regards to the reality of life

especially as it talks towards the path of the business world.

Future Researchers. This study will help them to understand how

a research be presented.

Scope and Limitation

This study focuses on the advantages and disadvantages of

Young Entrepreneur of Labo Camarines Norte. Also, it covers the

profile of the respondents in terms of their age and sex as well as

their contribution to society economic development. Out of five

hundred twenty one (521) entrepreneurs in Labo Camarines Norte,

there are only eighty four (84) young entrepreneurs that will also
 serve as their respondents in this study. The researchers also used

triangulation approach in this study.

Definition of Terms

Young Entrepreneur. Entrepreneurs that started their business in the age

of 17-34 years old.

DTI. Department of Trade and Industry

Negosyo Center. Where the Entrepreneurs names, business, business

registration, etc. are listed or can be found.

Advantages. Something that helps to make someone or something better

or more likely to succeed than others.

Disadvantage. Something worse or less likely to succeed than others.

Difficulties. The quality of something that make it hard to do.

 Chapter 2

REVIEW OF RELATED LITERATURE

This study led us that entrepreneurship was the process of identifying

opportunities, gathering resources and exploiting these opportunities through

action.

According to Sexton and Browman- Upton (1991) young entrepreneurs

was defined to be the practical application of entrepreneurship facilities, such as

initiative, innovation, creativity and risk-taking in the work environment using the

appropriate skills necessary for success in the culture. Young entrepreneur are

tended to rate their leadership skills lower than the entrepreneurs and young

entrepreneurs are more likely to assist with community service project.

In every family member or a close friend of a young entrepreneur is more

wanting to start their own business than to those individuals who didn’t

experienced the same way of exposure to entrepreneurship. Discipline in life

must be occur to find sense of being a business minded. Willingness and

presence of an opportunity are both needed for self- employment and both were

found to be enhanced through experience gained in entrepreneurship.

The most important part to motivate is the entrepreneurial experience and

provide a feasibility of entrepreneurship and desirability of individual.

Chapter 3
RESEARCH METHODOLOGY

This chapter presents the methods and procedures use throughout the

study. It includes the research designs, sources of the information, data

gathering tools and methods.

Research Design

The research design for this study is a descriptive survey and

interview method. A questionnaire was created in connection in this study. The

target population included the participants are the young entrepreneur in Labo,

Camarines Norte data were collected through surveys and interviews. This

survey section was designed to gather the data of the target population. Interview

section was designed to data to determine the advantages and disadvantages in

business.

Respondents

Out of 521 total population of Labo, Camarines Norte that is officially

registered at Department of Trade Industry (DTI) and Labo Negosyo Center as

of the year of January 2017 up until January 2018, 84 young entrepreneurs used

as a participant of conducting survey. The sample size distribution technique will

he used.
Sampling Size or Sampling Procedure/Technique

This study used sample size distribution and confidence level in

determining and evaluating the number of respondent that will use in this study.

The formula for sampling technique:

n
n=
1+ ne ²

Where in:

N = Number of respondents

E = marginal error ( confidential level of 90% = 0.01

Data Gathering Tools

The researchers surveyed and interviewed as the main data gathering

technique. The surveyed interviewed as the main data gathering technique. The

survey and interview that was conducted utilized to gather and record the

information from the respondents.

Statistical Treatment of Data

Frequency and percentage method was used in this study in determining

and evaluating the result of the gathered data.

The formula for frequency and percentage:

f
%= × 100
n
Where in:

% = Percentage

F = Frequency

N = Number of population
 Chapter 4

ANALYSIS, INTERPRETATION AND PRESENTATION OF DATA

This chapter presents the statistical data of each questions:

Question no. 1. Are you a young entrepreneur?

Table 1

YOUNG

ENTREPRENUER PERCENTAGE
YES 84 100%
NO 0 0%
TOTAL 84 100%
The table above shows that 100% of the respondents are young

entrepreneurs based on the survey sheet that the respondents answered.

Question no.1.2. What are the profile of the respondents in terms of their age and

sex?

Table 1.2

Age Sex Frequency

Male Female Male Female
20 1
22 2 2%
23 2 3 2% 4
24 1 1 1% 1
25 1 1%
26 4 4 5% 5%
27 1 3 1% 4%
28 4 7 5% 8%
29 3 3 4% 4%
30 2 5 2% 6%
31 6 7%
32 6 7 7% 8%
33 3 4 4% 5%
34 5 6 6% 7%
Total 40 44 47% 53%
The profile of the respondents in terms of sex, male has the less number

of young entrepreneurs and female has the greater number of young

entrepreneurs.

Question no.2. Is being a young entrepreneur advantageous?

Table 2

YOUNG

ENTREPRENEUR PERCENTAGE
YES 83 99%
NO 1 1%
TOTAL 84 100%
The table above shows that 99% of the respondents agreed that being a

young entrepreneur is advantageous and 1% of the respondent say that being a

young entrepreneur isn`t advantageous.

Question no. 3. Is being a young entrepreneur disadvantageous?

Table 3

YOUNG

ENTREPREPNEUR PERCENTAGE
YES 52 82%
NO 32 38%
TOTAL 84 100%
The table above shows that 82% of the respondents agreed that being a

young entrepreneur is disadvantageous because they have lack of experience,

knowledge and capitals. 38% of the respondents agreed that being a young

entrepreneur isn`t disadvantageous.

Question no.4. Do you think you have a contribution to our society as a young

entrepreneur?

Table 4

YOUNG

ENTREPRENEUR PERCENTAGE
YES 84 100%
NO 0 0%
TOTAL 84 100%
The table above shows that 100% of the respondents agreed that young

entrepreneur have a contribution to our society specifically referring to their

taxes.

Question no. 5. As a young entrepreneur, do you have any difficulties in

managing your business?

Table 5

YOUNG

ENTREPRENEUR PERCENTAGE
YES 81 96%
NO 3 4%
TOTAL 84 100%

The table above shows that 96% of the respondents thinks that young

entrepreneur have difficulties in managing a business. 4% of the respondents

doesn`t think that young entrepreneur have difficulties in managing a business.

 Chapter 5

SUMMARY, FINDINGS, CONCLUSIONS AND RECOMMENDATIONS

The chapter presents the summary, findings, conclusions and

recommendations of the researcher from interviews and surveys being

collected about the advantages and disadvantages of young entrepreneur

in Labo, Camarines Norte.

Summary

The objective of this study is to know the advantages and

disadvantages of young entrepreneur in Labo, Camarines Norte.

Specifically, this study sought to answer the following questions:

1.) What are the profile of respondents in terms of their age and sex?

2.) What are the advantages of young entrepreneurs in Labo,

Camarines Norte?

3.) What are the disadvantages of young entrepreneur in Labo,

Camarines Norte?

4.) What are the contributions of young entrepreneurs to societies,

economic development?
 To enrich this study, the researchers conducted surveys and

interview to know what are the advantages and disadvantages of

young entrepreneur.

Findings

The researcher ended up with following there after the collected

interviews and surveys of the study.

1. Profile of the respondents in terms of their,

1.1 Age. Ages 17 to 34 years old are defined young

entrepreneurs. Based on the interviews and surveys of

the study, out of 84 respondents all of them belongs in

young entrepreneurs. Most of them aged 32 years old.

1.2 Sex. Giving by them, 40 of the respondents are male

and rest are all female.

2. Being young entrepreneur, the advantages are having fresh,

innovative, creative and artistic mind, wide perception, determined and

strong and power decision making.

3. Disadvantages of being young entrepreneur is being curious on

the stuff, because of curiosity, thing that not needed to happen exist

sometimes. And the lack of financial resources or capitalization, limited

exposure and contacts. Difficult to get the trust of the supplier,

stakeholders and the community as a whole.

4. Young entrepreneur generates employment and jobs to the

people. They provide needs if the society and pay taxes to the

government for national development. They helps in the alleviation of

poverty and provide social transformation.

Conclusions

Based on the findings the following conclusions were drawn:

1. Out of the 40 males and 44 females that were interviewed and

surveyed all of them belongs in a young entrepreneur and must of

them are 32 years old.

2. Advantages that were included in the survey sheet included the

respondents; Young fresh mind, innovative, determined and has

strong power in decision making and has wide perception.

3. The disadvantages that were included in the survey sheet were

being curios on the stuff and having lack of financial resources,

difficult to get the trust of the supplier, stakeholders and community

as a whole.

Recommendations
 Considering the findings, conclusions of this study the following

recommendation were given.

1. People who wants to start a business should be ready for the risks

that will be encountered.

2. Young entrepreneurs must be innovative, creative and have artistic

mind and should have wide perceptions in all aspect and

determination in entering the world of business.

3. To enter the world business entrepreneurs must provide first the

enough budget for the business plan and have a lot of business

backgrounds and experience in business world.

4. Ready to accept failure in times of complaining customers of the

products or services offered. And know how to deal with others

entrepreneurs and to community as a whole.

5. Always ready to provide and serve the needs and wants of

customers.
 References:

 http://techonomy.com/2015/09/the-suprising-truth-

about-young-entrepreneurs-theyre-fewer-than-ever/

 http://www.entrepreneur.com.ph/run-and-grow/7-most-

common-challenges-of-pinoy-businesses

 http:www.starupcity.com/news/advantages-and-

disadvantages-for-young-entrepreneurs-nid-177.html/

 https://www.linkedin.com/pulse/6-advantages-starting-

business-young-age-neerav-jan/

 ac.els-cdn.com

 joe.org

 ase.tufts.edu

 https:// link.springer.com>article by L. Sharma.2014

Effects of individual factors in youth entrepreneurship

 (Tylor & Thorpe, 2004)

 Shapero & Sakol (1982) and Pranag & Ophem (1995)

NAME: VERGARA, RICCI REIGNE L.

AGE: 17 YEARS OLD

DATE OF BIRTH: DECEMBER 5, 2000

PLACE OF BIRTH: DAET CAMARINES NORTE

CIVIL STATUS: SINGLE

RELIGION: ROMAN CATHOLIC

FATHER’S NAME: RICKY D. VERGARA

MOTHER’S NAME: EVANGELINE L. LAGATUZ

EDUCATIONAL BACKGROUND

ELEMENTARY: LABO ELEMENTARY SCHOOL

HIGH SCHOOL: CAMARINES NORTE COLLEGE

SENIOR HIGH SCHOOL: NORTHILLS COLLEGE OF ASIA

NAME: JURIA, JOANNA MAE M.

AGE: 18 YEARS OLD

DATE OF BIRTH: JUNE 2, 2000

PLACE OF BIRTH: NOVALICHES QUEZON CITY

CIVIL STATUS: SINGLE

RELIGION: ROMAN CATHOLIC

FATHER’S NAME: GLENN L. JURIA

MOTHER’S NAME: MICHELLE M. JURIA

EDUCATIONAL BACKGROUND

ELEMENTARY: BULHAO ELEMENTARY SCHOOL

HIGH SCHOOL: CAMARINES NORTE COLLEGE

SENIOR HIGH SCHOOL: NORTHILLS COLLEGE OF ASIA

NAME: CERENO, ELAINE JOY A.

AGE: 17 YEARS OLD

DATE OF BIRTH: OCTOBER 23, 2000

PLACE OF BIRTH: DAET CAMARINES NORTE

CIVIL SATUS: SINGLE

RELIGION: ROMAN CATHOLIC

FATHER’S NAME: ELIAS B. CERENO JR.

MOTHER’S NAME: LAARNIE A. CARENO

EDUCATIONAL BACKGROUND

ELEMENTARY: TULAY NA LUPA ELEMENTARY SCHOOL

HIGH SCHOOL: TULAY NA LUPA NATIONAL HIGH SCHOOL

SENIOR HIGH SCHOOL: NORTHILLS COLLEGE OF ASIA

NAME: PAL, MA. ANGELIE V.

AGE: 18 YEARSN OLD

DATE OF BIRTH: APRIL 20, 2000

PLACE OF BIRTH: LABO CAMARINES NORTE

CIVIL STATUS: SINGLE

RELIGION: ROMAN CATHOLIC

FATHER;S NAME: PORFERIO K. PAL JR.

MOTHER’S NAME: AMELIA V. PAL

EDUCATIONAL BACKGROUND

ELEMENTARY: TRINO P. ZENAROSA ELEMENTARY SCHOOL

HIGH SCHOOL: LABO SCIENCE AND TECHNOLOGY HIGH SCHOOL

SENIOR HIGH SCHOOL: NORTHILLS COLLEGE OF ASIA

NAME: VILLAGEN, DANIEL V.

AGE: 17 YEARS OLD

DATE OF BIRTH: JANUARY 27, 2000

PLACE OF BIRTH: LABO CAMARINES NORTE

CIVIL STATUS: SINGLE

RELIGION: ROMAN CATHOLIC

FATHER’S NAME: NELSON M. VILLAGEN

MOTHER’S NAME: VILMA V. VILLAGEN

EDUCATIONAL BACKGROUND

ELEMENTARY: MALASUGUI ELEMENTARY SCHOOL

HIGH SCHOOL: DQ LIWAG NATIONAL HIGH SCHOOL

SENIOR HIGH SCHOOL: NORTHILLS COLLEGE OF ASIA