ISSN: 2222-6990
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Entrepreneurship is complex because the dynamic advantage attained by entrepreneurs generally progresses along with a nation’s economic development. Undergraduate entrepreneurs are the key talent providers for the successful fiscal progress of a nation in the commercial context. The challenges of venturing into entrepreneurship are found in the start-up phase and in the transition of youths who may have missed out on numerous business prospects occurring at the local, regional, and national levels of a country. Therefore, the aim of this study is to investigative the challenges faced by undergraduates and ascertain if business prospects are of great importance in nurturing successful undergraduate entrepreneurs in Malaysia. A qualitative method was used in the study (Creswell, 2014). Ten undergraduates participated in the study, who were chosen purposively as they were actively involved in business sectors. The findings indicate there were five crucial challenges faced by undergraduates in venturing into business: social rejection, facing criticism, financial constraints, dealing with stress and self-doubt, and facing age stereotypes. These were effective factors because the entrepreneurs lacked knowledge and exposure due to their youth and limited access to millennium business approaches. Further studies can be undertaken to determine entrepreneurial initiators’ capabilities and gauge their capacities in relation to various aspects of entrepreneurship to establish the capabilities required of millennials. Such research may corroborate the findings of this study and correlate with the challenges faced in entrepreneurial business contexts.
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In-Text Citation: (Jayabalan et al., 2020)
To Cite this Article: Jayabalan, N., Nair, S., Kadiresan, V., Nadarajan, D., & Selvanathan, M. (2020). An Exploratory Study on Challenges of Undergraduates Entrepreneurs: A Case Study in Malaysia. International Journal of Academic Research in Business and Social Sciences, 10(11), 1507-1516.
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