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Obstacle to Young Entrepreneur

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Obstacle to Young Entrepreneur
The Obstacles To Be Young Entrepreneur

Absharina Hasyyati
Trisakti University Jakarta
Email: sha_aldiano@yahoo.co.id

Feby Rahmawati
Trisakti University Jakarta
Email: febrahmawati@gmail.com

Husna Leila Yusran
Trisakti University Jakarta
Email: husnaleila@gmail.com The objective of this study is to find out the obstacles that the student faces as young entrepreneurs in Indonesia. A hundred student from eight universities in Indonesia participate in this study
Research found that several aspects such as role model, adviser, financial support and network considered as obstacles for the respondent to be young entrepreneur. Implication of the study were provided

Keyword : entrepreneurship, obstacles, university student

Background of The Study

Chindoga and Fatoki (2011) define Entrepreneurship as a vehicle to economic growth, success, and prosperity. Pretorius and Shaw (2004) and Atieno (2009) report that lack of finance is one of the major constraints to the formation of new enterprises. Entrepreneurs need to access to both internal and external finance to reduce the survive and grow. In order to earn a living and become independent most people seek to become employees without exploring the possibilities of becoming an entrepreneur. (European Youth Forum 2011). Most of them are too afraid to take risks to be entrepreneur because conditions that fluctuate. beside that several factors are also an obstacles in starting a business. Evidence shows that when jobs are scarce, young persons are generally more likely to be unemployed. There is growing recognition among governments and international bi- and multi lateral organizations that as jobs become scarce, youth entrepreneurship becomes an important strategy for integrating youth into labor markets thereby addressing unemployment challenges (Simpson and Christensen 2009). Some obstacles due to limited resources, life and work experience, they face greater barriers



References: Atieno, R. (2009). Linkages, access to finance and the performance of small-scale enterprises in Kenya. Journal of Accounting and Business Research, 3(1), 33-48 Belussi, F Benzing, C., & Chu, M. H. (2009). A comparison of motivations of small business owners in Africa Blanchflower, D. and Oswald, A. (1999): “Entrepreneurship and the Youth Labor Market Problem”, LEED Document [DT/LEED(99)11], Territorial Development Service, OECD, Paris Blokker, P., Dallago, B. (2008): Youth Entrepreneurship and Local Development in Central and Eastern Europe, Aldershot: Ashgate, 2008 Capaldo, G Capaldo, G. (1997): Entrepreneurship in Southern Italy: Empirical evidence of business creation by young founders, in “Journal of Small Business Management” European Youth Forum (2011): “European Youth Forum Position Paper of Youth Entrepreneurship”. Extraordinary General Assembly, Braga. Fatoki, Olawale, and Lynety Chindoga. "An Investigation into the Obstacles to Youth Entrepreneurship in South Africa." An Investigation into the Obstacles to Youth Entrepreneurship in South Africa 4.2 (2011). Greene, F.J. (2005): Youth Entrepreneurship: “Latent entrepreneurship, Market Failure and Enterprise Support”, Centre for Small and Medium-Sized Enterprises, University of Warwick, Working Paper No Jodyanne, K. (2009), “Motivational factors in a push-pull theory of entrepreneurship”, Gender in Management: An International Journal,2009, Vol Llisterri, J.J., Kantis, H., Angelelli, P.; Tejerina, L. (2006): “Is Youth Entrepreneurship a Necessity or an Opportunity? A First Exploration of Household and New Enterprise Surveys in Latin America” Nafukho, F.M. (1998): Entrepreneurial skills development programs for unemployed youth in Africa: A second look, “Journal of Small Business Management” Milwaukee: Jan 1998 Owualah, S.I. (1999): “Tackling Youth Unemployment Through Entrepreneurship” Pihie, Z Pretorius, M., & Shaw, G. (2004). Business plan in bank-decision making when financing new ventures in South Africa Rwigema & Venter. (2004). Advanced entrepreneurship. “Advanced Entrepreneurship”. Cape Town: Oxford University Press Southern Africa. Schoof, U. (2006): “Stimulating Youth Entrepreneurship: Barriers and incentives to enterprise start-ups by young people”, ILO, SEED Working Paper No Simpson, Joni, and Jens Dyring Christensen. "Youth Entrepreneurship and the ILO." Youth Entrepreneurship and the ILO (2009): n Tackey, N.D. and Perryman, S. (1999): “Graduates Mean Business”, Brighton, Institute for Employment Studies Wong, M Choo, S. (2009). Entrepreneurial intention: Triggers and barriers to new venture creation in Singapore World Bank (2005): “Doing business in 2006 – Creating jobs”. Annual Report, Washington D.C. entrepreneurship.htm Eurostat, (2003), “Labor Force Survey : Methods and definitions, 2001 Edition”, page 12 Kazela, N. (2009). The Roadmap of Youth Entrepreneurship (MDGs) [Online]. Available: http://www.wcf2009.org/program (20 September 2009).

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