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Gelagat Jurnal Beras Faiza

This document summarizes what makes young people become entrepreneurs. It finds that self-employment provides greater job satisfaction and life satisfaction than being an employee. There is also a large pool of potentially entrepreneurial youth due to increasing youth unemployment rates. Having a self-employed parent also increases the likelihood that a child will become an entrepreneur themselves. Overall, entrepreneurship among youth may help address unemployment, increase competition, and lead to greater self-reliance and well-being.

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462 views4 pages

Gelagat Jurnal Beras Faiza

This document summarizes what makes young people become entrepreneurs. It finds that self-employment provides greater job satisfaction and life satisfaction than being an employee. There is also a large pool of potentially entrepreneurial youth due to increasing youth unemployment rates. Having a self-employed parent also increases the likelihood that a child will become an entrepreneur themselves. Overall, entrepreneurship among youth may help address unemployment, increase competition, and lead to greater self-reliance and well-being.

Uploaded by

kamalezwan
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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SCHOOL OF BUSINESS AND MANAGEMENT BACHELOR IN BUSINESS ADMINISTRATION (BBA) KEMAHIRAN DAN GELAGAT USAHAWAN ( BPME 2013 )

SUMMARY OF WHAT MAKES A YOUNG ENTREPRENEUR

PREPARED FOR PUAN MASLINA BINTI MASRI PREPARED BY OMAR DANI BIN MD HANAFIAH ( 201302 )

Summary of what makes a young entrepreneur.

This research is done by The Institute for the Study of Labor (IZA) in Bonn and is a local and virtual international research centre and a place of communication between science, politics and business. All the data are collected by several countries and all resources has been conducted in a very informative way in order to get the best result. The first conclusion is that self-employed individuals A special but well defined entrepreneurial group report markedly greater wellbeing than equivalent employees. Their job satisfaction and life satisfaction are all higher than workers of identical personal characteristics. The second conclusion is that individuals say they would like to be self-employed. There is, according to the survey data, a large pool of potentially entrepreneurial people.

In 2006 and 2007, research done in several countries shown that there is an increasing figure rate for youth unemployment rate. This shows that the younger generations does not depend too much now for the established companies and they are building their own companies to support their life and to give the full satisfaction to its own. One of the ideas is that policy should attempt to create more entrepreneurship among the young.

It is not obvious that even a large new supply of young entrepreneurs would solve the jobs crisis. Nevertheless, there are a number of potential benefits often discussed by people what is the consequence of having more and more young companies into the real world. But still, the establishment of new companies may promote innovation and thus create new jobs. There also may be a direct effect on employment if new young entrepreneurs hire fellow youths from the dole queues.

In addition, new small firms may raise the degree of competition in the product market, greater self-employment may be particularly responsive to new economic opportunities and trends. As this thing go far and being well known among youth entrepreneurs, greater self-employment among young people may go along with increased self-reliance and well-being.

Another determinant that makes younger an entrepreneur is having a selfemployed parent. The probability of self-employment in the USA is higher among the children of business owners than among the children of non-business owners. There are possibilities of one of the self-employed parents children will become a selfemployed in the future. Meaning to say, having more children can increase the likelihood that an inside family member will be a good match at running business.

Survey found that more than half of all business owners had a self-employed family member prior to starting their business. Conditionally on having a selfemployed family, less than 50 per cent of small business owners worked in that family members business suggesting that it is unlikely that intergenerational links in self-employment are largely due to the acquisition of general and specific business human capital and that instead similarities across family members in entrepreneurial preferences may explain part of the relationship.

There is some evidence in the literature that the self-employed people are happier than employees. This is also an important factor of what makes young an entrepreneur. People in younger generation nowadays are more knowledgeable and they are daring to make new companies to achieve satisfaction in what they are making. The most important thing in creating a satisfaction work surroundings are earnings, the type of work, and travel to time.

What makes the changes of young entrepreneur has largely effect the world of business today. Business had also changed from the mass oriented product to service oriented product. People nowadays are more concern about the quality of the product itself so there is a need of change and this is why younger generation are trying to put themselves in the market. It is also concerned with the patterns in modern microeconomic data on young peoples employment, attitudes and entrepreneurial behaviour.

People nowadays also like to be self-employed. There is, according to the survey data, a large pool of potentially entrepreneurial people. Questionnaire evidence, asking individuals about hypothetical outcomes, always need to be treated with caution. How the papers findings can be exploited by the designers of economic policy is more complicated to judge. Econometric and questionnaire research suggests that the main constraint on new entrepreneurs is a lack of start up and liquid capital. However, it indicates that the plan to bring or create more entrepreneurship should begin by considering economists evidence on the importance of capital constraints.

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