Understanding the factors that inhibit the success of indigenous entrepreneurs in Malaysia
This study aims to identify the factors that inhibit the success of indigenous entrepreneurs. The instrument in this quantitative study was a questionnaire that consisted of 54 items with Likert Scale 5. The respondents of this study were 377 indigenous youth entrepreneurs, who were selected by...
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| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
2020
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| Subjects: | |
| Online Access: | http://eprints.uthm.edu.my/1199/1/J11986_7d52f812dad827db5842c225deb5e92b.pdf http://eprints.uthm.edu.my/1199/ |
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| Summary: | This study aims to identify the factors that inhibit the
success of indigenous entrepreneurs. The instrument in this
quantitative study was a questionnaire that consisted of 54 items
with Likert Scale 5. The respondents of this study were 377
indigenous youth entrepreneurs, who were selected by random
sampling. Statistical Package for the Social Sciences (SPSS)
program version 21 used to analyze data based on frequency,
percentage, and linear regression. The results show that there
are nine (9) main factors that inhibit the success of indigenous
entrepreneurs in Malaysia. Factors that inhibit indigenous from
becoming successful entrepreneurs include being lacking
financial capital, experience, knowledge in information
technology and business strategy, entrepreneurial information,
management skills, networking skills, difficulty in finding skilled
workers, and complicated financial loan bureaucracy. Factors
that inhibit the success of indigenous entrepreneurs classify into
two categories. The findings of this study showed that the
intrinsic and extrinsic factors had a significant influence on the
motivation of Malaysian indigenous youth in entrepreneurship
development. Therefore, entrepreneurship and information
technology courses are necessary to improve the knowledge and
skills of indigenous in Malaysia. However, on the whole, it was
found that the bureaucracy of complicated financial lending had
become the dominant factor that inhibits the success of
indigenous entrepreneurs in Malaysia. |
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