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Scholars Journal of Economics, Business and Management | Volume-6 | Issue-12
Factors That Hinders Entrepreneurship in University Students
Liliana Álvarez-Loya, J. Emilio Méndez-González, Ma. Guadalupe Maldonado-Iglesias
Published: Dec. 18, 2019 | 136 138
DOI: 10.36347/sjebm.2019.v06i12.004
Pages: 566-576
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Abstract
The aim of this study was to see the outcomes of factors that somehow hinder the entrepreneurial intention of young university students; the main factors analyzed was in a decisive way, inhibited business creation or development are mainly “lack of money”, “not having enough time”, “not having the relevant official permits”, “not having help” or simply, “because the idea did not work.” The individual characteristics linked to the development of entrepreneurship are also taken into account, where young people perceive the possibilities of success in a short term, between six and eight months, to know if their project will be successful or not; in the perceived capacities they come to consider that they possess the skills, experience and knowledge necessary to start a business or company. The evaluation of the survey indicators to determine differences in the variables that constitutes the Personal Influence constructs (Family, Close Friends and Partners) and the Entrepreneurial Intention. The variables used were: Level of Studies of Father and Mother, Socioeconomic Group to which the family belongs, Intention of Professional Career - Professional Career, Creation of Companies, Motivation for Entrepreneurship, Family Influence, Intimate Friends and Partners, Personal Capabilities - Perceived , Business Education, Main Difficulties for Entrepreneurship - Perceived and Business and Personal Expectations. Understanding that the most relevant expectations of success in students are: • Be your own boss or be independent • Create employment for other people and • Be creative and innovate Although the Lack of Capital, Fear of Failure and Difficulty in Obtaining Financing are the most relevant inhibitory factors in making the decision to undertake are also the Lack of Guidance and Support, Lack of Business Training, Uncertainty about the Future and Fear of Failure; are in that order the factors that inhibit the expectations of success of university students.