Saint Jude Parish School

SY: 2017-2018

“Factors that Affects the Millennials to be Young

___________________ _____________________
Submitted by: Submitted to:

Jezzieka Kayne Isip Ms. Diane Apostol

Cyra Jane Esplana

Karl Kenji Betita

In our modern generation, when they hear the word millennials, they think of laziness and sometimes,
useless that is why they are called “the lost generation”. Maybe because they grew up with contemporary
technology, social networks and they are left with less responsibility, no kids, no works, they don’t have
worries just their studies, so they tend to be carefree with their lives. But there are still people who has
different way of thinking for the reason that they want to put their lives into different level and that would
change the prescription of many in the millennials today.

We all know that entrepreneurship is very important in every individual’s life because it is necessary for
us to make a living. And in today’s century, many of millennials starts to be entrepreneurs even at their
teenage years for the reason that they want to be practical in their lives. A new generation of
entrepreneurs has arrived and they are called “young entrepreneurs”. At the early age, they are starting
business and gaining profits by simply begin to sell little stuffs such as selling home-made foods in
schools or in community, inventing ‘do-it-yourself’ products and lastly, the online selling. Many of them
emerge while in their teens because of perseverance and hard work. Maybe they tend to start up being
entrepreneurs in order to support their finance, have their wants and be ready in the way they will start
their business in the future.

The purpose of this study is to observe and discover the factors that affecting millennials as young
entrepreneurs, meaning we will going to find out the reasons behind their selling, how selling affects their
everyday lives. We will see how the millennials patiently think of a solution to improve their own lives.
We hope everyone to know that practicality in this time is very important because it will help them in the
future. This research is relevant because it will help people to realize that their hobbies and passion can
help them in many ways. In this study, we will be aware how these millennials who are known as young
entrepreneurs turn into a role models and how they can inspire many people in engaging and sharing their
skills and experiences in starting a business as a young entrepreneurs.
Background of the Study

Nowadays, Millennials are continuously growing in their population and many of them take it as an
opportunity to sustain their education and to help out their families in their needs by selling. These
teenagers or millennials turns into entrepreneurs. According to Rishi Chowdhurry and Essaylead, Many
of rising entrepreneurs are young people under the age of 20 who are taking risks and launching new
innovative work for themselves. With the help of modern development in their environment while
growing up, many of them holds it and take it as an opportunity to have a simple business. As stated by
Ocie Irons and Cheryl Peters, Developing an entrepreneurial mindset in youth (young) is imperative to
prepare them for an ever changing economy. They are the future of every nation and the inheritance of
earth tomorrow (Management Study Guide).

However, according to Under30CEO, these young entrepreneurs faces many challenges while trying to
be a successful entrepreneur like financial problems, they don’t know how to start up a budget for their
selling. Second is the educational responsibilities, they need to have a well-organized time management
because they need to continue selling or promoting their products that will not affect their studies, being
young entrepreneur should not be a distraction at all. Next is social criticism, other people will criticize
their products or worse, them by just selling even though they are just students. They will discourage
these millennials. In this study, we will talk about this matter responsibly.

Entrepreneur in the Philippines was first used during the 16th century, denoting that an entrepreneur is a
person who undertakes a business venture and it was also diversified after the war and during the martial
law. At that moment, businesses grew larger than ever and develop into a massive one profitably. (Essay
lead) Our country is said to be an entrepreneurial country for the reason that almost all people, even
youngsters are business minded. They want to put their selves out into a higher level just to avoid
hardships in life. In fact, our country is also known as a place of hard working people. We all know that
the life of individual in today’s time is unpredictable. Truly, the life in our generation today is hard to live
and being complacent will not help. Many millennials understand how hard the life is today that’s why
some of them wants to be practical as what Professor Peter Ducker said, “The best way to predict the
future is to create it”. And that is what the millennials has today, an entrepreneurial spirit to support their
selves for their families and also for their own future. They are competitive and innovative, and that will
lead them to a better future.
Statement of the Problem

This study aims to provide concise information about the factors that affects the millennials to be one of
the young entrepreneurs. It seeks to find the answer to the following questions:

1. What are the reasons why millennials forced to be an entrepreneur even at their young age?

2. What are the possible effects of being young entrepreneur?

3. Does young entrepreneurs helps in the improvement of the economy in the Philippines?
Scope and Delimitations of the Study

In general, the point of this study is directed towards the millennials being young entrepreneurs in this
generation. What are the effects and how does it being young entrepreneurs.

This study is intended for the Senior High School students in Saint Jude Parish School particularly, the
grade 12- ABM strand with the population of 63 students which are related in the entrepreneurship
because they already know about this matter and has an experience in selling that is part of their
curriculum. The primary data gathering used was to interview these students to determine their
perspective or side in the said issue which is the “factors that affects millennials to be young
entrepreneurs.” This was conducted in Trece Martires City, Cavite from January to March 2018.

The study only considers every aspect of the respondent’s information and data that are true and real.
Furthermore, it only aimed for the things that will be related with the topic and will not go beyond that.
Significance of the Study

This study will help the people find out the factors the affect the millennials to become young
entrepreneurs.

 Students – It help the students to realize that it is also important to think of a business or to
practice having a business at young age because it will help them in the future.

 Parents- They must know the limitations of their youngsters. If selling can help their child in a
good way or put their selves in danger.

 Nation – It will help them to know that a people like millennials can be an inspiration to
everyone and being a young entrepreneur is not easy because they are selling while studying, they
have their different reasons why they sell and they need to have a time management and control.

 Government – It will help the different sectors of the government to talk about the roles of
young entrepreneurs in the economy and to plan for the benefits that must be given for them.

 Organizations – It will help in the developments and recognition of young entrepreneurs by

Entrepreneur
- A person who organizes and operates a business, taking a greater than normal financial risk in
order to do so (Wikipedia)

Entrepreneurship
- Process of designing, launching and running a new businesses which is often initially a small
business. (Wikipedia)
- A dynamic process of creating incremental wealth and innovating things of value that have a
bearing on the welfare of an entrepreneur. (Edunote)

Millenials
- Refers to the generation of people who born between the early 1980’s and 1990s to early 2000s as
ending birth years.

21st Century
- It is the current century of Anno Domini (A.D) era in accordance with the Gregorian calendar. Its
timeline began on January 2000 and will end on December 31,2100.

Teenager
- A person aged 13 to 19 years old.

Poverty
- Process of being extremely poor.
Hypothesis

This research study will sure make things clear about the datas of young entrepreneurs for the reason that
the information will come from the Grade 12 – ABM of Saint Jude Parish School since we are going to
conduct a survey and distribute papers on the said respondents. Also, this study will answer all the
question that are related to the young entrepreneurs and the objectives of the study will come out because
we will study this matter responsibly.
SUMMARY OF THE CHAPTER

We all know that millennials are usually called as “the lost generation” because of the modern
technology around them. But still, there are teenagers that even at their young age, they are starting to
innovate things such as selling and inventing stuffs for the reason that they want to be practical with their
lives and these people are called “young entrepreneurs”, in these past few years these people are getting
very famous and starting grow.

We will be conducting a study with the help of Senior High School students of Saint Jude Parish School
because they are closely related with the said issue. In this research, we hope everyone to see how these
millennials think of a solution to improve their lives, to make them realize that being entrepreneurs is not
a joke and they can be an inspiration and can be role models in our world. So the main objective here is to
find out the real factors that affect the millennials to be young entrepreneurs. While doing that, we need to
get hold of the reasons why these teenagers forced to be an entrepreneurs even at their young age, what
are the possible effects of being young entrepreneurs and lastly, does they help in the improvement in the
economy of our country for us to provide the concise information.

Also there are individuals who can have a great impact in this study, whether they can have a
contribution or they are the one who can get benefits and those are; Students, parents, nation, government,
and organizations. Our country is said to be entrepreneurial country because almost all people are hard
working. Actually, it was said that the word “entrepreneur” was first used during 16th century in our
country.

We all know that our life in our generation today is very unpredictable and may of millennials undertand
how hard life is. In fact according to Rishi Chowdhurry and Essaylead, many of the rising entrepreneurs
are millennials who are under age of 20. However, these young entrepreneurs faces many challenges
while trying to be a successful entrepreneurs but still, they are taking risks and launching new innovative
works will lead them for a better future. And in this study, we will see how these millenials fight with
different problems that they are facing by being ‘young entrepreneurs’ to support their own life.