ENTREPRENEURIAL ACCESS OF ENTREPRENEURSHIP GRADUATES: A BASIS FOR THE EVOLUTION OF FINANCING YOUNG ENTREPRENEURS


1.Clarizza L. De Leon, 2.Edgelly G. Vitug, 3.Jennilyn C. Mina, 4.Noemi C. Vega, 5.Pascuala T. Barlis
Vol-185-Issue-Nov-13-2020

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Abstract

To reinforce the Bachelor of Science in Entrepreneurship program offered by Nueva Ecija Uni-versity of Science and Technology's College of Management and Business Technology, San Isidro Campus Tabon Annex, this study was aimed at evaluating the entrepreneurial access of the graduates, which will serve as one of the foundations for the possible intervention of the different stakeholders to support these young entrepreneurs. To answer the laid down research questions, the study used a descriptive research method with the use of a modified survey ques-tionnaire as the primary means of data collection. Results showed that most of the 91 graduates who responded to the study were permanently or contractually employed in the private sector. It was noteworthy that most of them were recruited within six months after graduation and are still associated and satisfied with their first job related to their field. However, a significant number of graduates did not attempt to enter into a business venture due to inadequate funds to start up. For those who seek entrepreneurship, the majority were sole proprietors and are en-gaged in merchandising. It was also found out that only a small number of graduates have de-cided to seek further studies due to personal advancement. Thus, to ensure that more graduates become effective entrepreneurs, the researchers recommended that the university must take necessary steps by obtaining more advanced materials and laboratory tools to enhance students' learning and teaching experiences in this program. It was also suggested that the institution must explore innovative ways to provide funding for student–entrepreneurs to assist them in investing in the industry of their interest and potential. The college can also intervene through its extension services department to benefit from government initiatives to promote entrepre-neurship.

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