Start-ups Teenager Business and its

effect to the selected ABM students of

Liceo di San Lorenzo Academic Year

2018-2019

By

Cathy Agustin

Reyceelyn Del Mundo

Benny Rose Lorenzo

Ma. Ricarhaya Mangahas

Grace Rejas
 CHAPTER I

THE PROBLEM AND ITS BACKGROUND

Background of the Study

Business is an organization that involves professional activities that has

a huge factor in the economy. It entails with exchange of goods or services for

another or for cash. A business can either be for profit use or nonprofit

organization, it depends on the objectives of the said enterprise. Building a

business is not as easy other people may think, it requires creative ideas,

money, patience and a lot of efforts. This field is flexible and requires an

accurate planning management to prevent business failure.

Starting up a new business is always challenging, no matter how old you are.

Even though work careers begin after the completion of schooling. The reality

is most students are workers. A third or more high school students are

currently employed as the majority of college students. (Bureau of labor

statistics, 2005a).

Too many aspiring entrepreneurs get caught up in their lack of money,

expertise, resources, connections, etc. They focus solely on where they are

currently instead of what they can become. One of the best lessons I learned
was that I had to let go to grow. It wasn’t until recently that I realized why

some innovators and young entrepreneurs are successful at such an early age,

while others make minimum wage. (Lowisz, 2017)

We as younger generation, we take risk most of the time. We need

money to support our wants by doing small business. Some teenagers try to do

online selling to have an extra income. Also, it may start out from school

activity such as business implementation that turn into an actual business.

This research deals with entrepreneurship, specifically about how youth

engages with different start up teenage business. Youth is immersed to build a

business because of the huge impact of entrepreneurship in their lives

although this is flexible. There are many factors influencing the teenagers to

establish a business and one of its factors is the general situation of the

economy. Some factors might be particularly affiliated to this age group. We,

as ABM students, are very interested to the response of our dear schoolmates

regarding teenage business and we want to build a concrete conclusion for this

issue.
Statement of the problem

We are expecting that the businesses that the teens will go beyond the

expectations of the people. We expect that they are going to be consistent in

making different ideas in their businesses

Some of the adults will question the capability of the teenagers to start

up a business. The age and experiences of their competitors is the struggle for

them to overcome in the business. The capital is not as big as the others

because there is just a less amount of time to work for it.

Theoretical Framework

Education is the clearest path to individual opportunity and societal

growth and entrepreneurship education is especially vital to fuelling a more

robust global economy. Entrepreneurs bring new ideas to life through

innovation, creativity, and the desire to build something of lasting value.

Therefore we must continually foster educational cultures within our

companies, governments, and communities to keep the entrepreneurship

pipeline filled for generations to come. - Dirk, Meyer, President ND CEO,

AMD Entrepreneurship education should contribute raising pupils and

you can become not only an employee, but also an employer. Students must

believe in their capabilities and ability to create wealth and jobs and

understand how education and entrepreneurship activity may stimulate each

other, not the opposite. Entrepreneurship programs and activities helps young

people to be more creative and self-confident in whatever they undertake. This

thesis identify and evaluate the knowledge and skills of young entrepreneurs

bring to their business.

Conceptual Framework

Teenagers' start-up business can be both advantageous as well as

disadvantageous to the young entrepreneurs According to research, although

the average of an entrepreneur is between 25-45 years old, people are starting

business at younger and younger ages. Why are younger people deciding to go

into business, often before they have acquired work experience, and in some

cases without attending university?

According to Miller (1897), the intents of a conceptual framework are

threefold. First objective is to narrate existing practice, second objective is to

fundamental issues. The conceptual framework should provide the basis for

future arguments especially in relation to prescriptions for future practice and

definitions of key terms, concepts and fundamental issues.

This section aims to produce the broad outline of key terms, notion and basic

issues that can be used to exhibit the overview of the research and the debating

issues regards with the problem.

Start Gatheres through

Internal Factors

How it affects young

SUCCESFUL FAILED

Create new Continue Making

Continue business Forfeit business

The result of the study will be a great benefit to the following:

To the audience: it will provide the audience an information on what

struggles does entrepreneurs facing. They will understand being an

entrepreneur and it will give them a motivation about the challenges that they

need to own

To the researchers: It will help to the researchers evaluate more the quality

of services rendered by entrepreneurs and also develop the researchers

teachings, learning and evaluating strategies in enhancing knowledge to the

students in the time frame given

To the students: This study will provide information about the risk of the

young entrepreneurs. It will evaluate the academic performance and the

student’s entrepreneur attitude

For a better comprehension on this research study, the following

definition of terms are provided:

 Entrepreneurship - is the process of designing, launching and running

a new business, which is often initially a small business.

 Entrepreneur- a person who organizes and operates a business or

businesses, taking on greater than normal financial risks in order to do

so.

 Business - is the activity of making one's living or making money by

producing or buying and selling products

 Income - a financial gain, especially the difference between the amount

earned and the amount spent in buying, operating, or producing

something.

 Capitalization - the provision of capital for a company, or the

conversion of income or assets into capital.

The start-ups study of the teenage business was limited to Liceo di San

Lorenzo and was based on.external and internal factors that gathered

throught surveys and questions Students will be covered as the

respondents.