The Barriers Faced By Students Of Universiti Teknikal Malaysia Melaka In Starting Up New Business

Ariffin, Siti Nor Aisyah (2014) The Barriers Faced By Students Of Universiti Teknikal Malaysia Melaka In Starting Up New Business. Project Report. UTeM, Melaka, Malaysia. (Submitted)

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Abstract

Students have faced a lot of barriers in starting up a new business. These barriers include resources, knowledge, entrepreneurial skill, and fear of failure. This research examines the barriers faced by students in starting up a new business. This research collected data from 120 students from the Technical University of Malaysia, Malacca to examine their perception of the fours barriers faced by student entrepreneurs such as knowledge, resources, entrepreneurial skill and fear of failure. The researcher used quantitative methodology for this study which is consists of descriptive analysis and Multiple Regression Analysis (MRA) analysis to find the significant barriers faced by student entrepreneurs in starting up a new business. After the data were analyzed, the researchers found that entrepreneurial skill is the most significant barrier in starting a new business. In addition, the second most significant barrier is knowledge while the third important barrier is the fear of failure. Resources was found not to be an important barrier faced by the students at this time. Therefore, the results indicate that entrepreneurial skills have more significant barriers in starting up a new business compared to knowledge, fear of failure, and resources.

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