UNIVERSITY OF THE EAST

CALOOCAN CAMPUS
COLLEGE OF ARTS & SCIENCES
BASIC EDUCATIONDEPARTMENT

“Pros and Cons of Having Business at a Young Age”

In Partial Fulfillment
of the Requirements
for the Practical Research I

By:

Arazo, Fatimah Zahra V.

ABM 11-13

October, 2019
 Chapter I
PROBLEM AND ITS BACKGROUND

INTRODUCTION

In this generation, having a business is one of the ways in learning/having

an income. Having a business can be of help to someone in earning for his/herself,

and for them spending on themselves. Putting up your own business at an early

age is a possible thing and can be an asset to the child. Teenagers nowadays are

coming to the thought of having a business in this point in time. Business according

to Wikipedia (2019) is the activity of making, buying, or selling goods or providing

services in exchange for money. While a teenager is a young person between 13

and 19 years old (Cambridge Dictionary, 2019). Basically, teenage business is

building one’s business at such a young age. There searchers will be seeking

through the reasons, risks, benefits, etc. of having a business in such an early age.

In this study, the researchers are aiming to give knowledge about its advantages

and disadvantages.

As the researchers, we came up with this thought because we want to know

both sides of having a business as a teenager. At a young age, thinking about

building your own businesses is already something, especially if you put it into

actions. Why one should consider this thought? K-12 has been implemented and

is now running in the Philippines since 2016, and until now, there is no assurance

for the grade 12 graduates to be accepted easily in any company. A survey in the

Philippine Business Education says that 4 out 5 companies will not accept these

graduates. Undersecretary Tonisito Umali said that the on-the-job training or

by the employment site Job Street, shows a minimal percentage of only 24% of

companies are ready to hire senior high graduates as of 2018, and the rest are still

onto college graduates. “It will instead worsen the problem with having a pool of

laborers with no jobs or opportunities available to hire them,” said ACT Teachers

Representatives Antonio Tinio and France Castro. These are only some negative

points about the promised job for the senior high students by the said curriculum,

that is why some graduates are considering business as an opportunity. There are

many other reasons, which will make you think, “Oh, that is right, why don’t I try

it?” or “That is a good idea, why haven’t I thought about it?” which will be discussed

further in the study.

The purpose of this study is for the other teenagers out there to get

encouraged and at the same time be aware of the risks in making their own

business in producing their own money. The researchers want to open eyes and

take notice that employment is not the only way of earning, and that working does

not have to be forcing and hard. For the researchers, it is important that one is

already open in considering starting their businesses where they can surely put up

their skills and show their abilities. The researchers also want to find out if this early

in a teenager’s life, he/she can already be a successful entrepreneur.

Teenagers, specifically those who are in grade 12 have no assurance about

being employed right after graduating. Graduates include those in college who will

surely apply too. That is why it will be hard for them and they will just end up

together with others unemployed. So this study aims to answer the questions:

Respondent’s demographic profile:

Name: Gender: ( ) male ( ) female

Year & Section: Age:

General Problem:

What are the pros and cons of putting up a business at teen age?

Sub Problems:

1. How can they start a business with a small amount capital?

2. How does having a business develop a teen's personality and abilities?

3.How will they be able to manage handling their business and other personal

activities?

4. How can they start a business with lack of experience and expertise?

5. What struggles can/will they face during the process of putting their business?
HYPHOTHESIS

Hi: At first in the business world, young entrepreneurs are not considered

competitive it will be hard to manage a business at a young age because your

focus is not solely on your business.

Ho: Having a business at a young age could give you enough experience to

prosper and grow your business at a very young age; entrepreneurs

experience lots of things making them knowledgeable in the business world.

SIGNIFICANCE OF THE STUDY

This is a study about the pros and cons of having a business at a young age.

The purpose of this is to give knowledge to young people on how business will

help their family and become successful in the future. It is important to know

because when you have business, you will have a source of income. It helps young

people to prepare for their future.

In particular, the findings of this study will be beneficial to:

Young people-The main beneficiary of this study, because in this study they will

know how to start a business at a young age. It gives many

benefits to them like learning to become business minded and

open to others suggestions. It helps to manage their time because

in business, it involves a huge time commitment.

help their child to become successful in the future. It helps their child to

learn how to be independent.

Other children- This study will give knowledge to them that business will lead

them to success. They will been couraged to have a business at

a young age.

Country-This study will help the country because when there are a lot of

successful people or successful businesses, it helps to grow the

country. It also helps the country to become known to other countries.

Researcher- We the researchers, is the last beneficiary because this may help

and give us information to us the benefits or pros if we have business

at a young age. And not only the pros will give the information to us

but the cons too because if we know the cons we will prepare and be

ready to this.

SCOPE AND DELIMITATION

The study focuses about the pros and cons of having a business at young age.

This aims on how the young entrepreneurs can handle their own business. This

will include only 30 respondents from the grade 11 students of ABM strand, to be

specific. The respondents must be at least 13 years old and must not be older than

19 years old. The said study will be made from the month of June to the month of

October. We, there searchers, will conduct this study at University of the East

campus of Caloocan.
 This study does not include 12 years old and below and is limited to the age up

to 19. This is because the range of ages is only teenagers, which explains that

there will be no respondents younger than 13 and older than 19 years old. In this

study, the researchers will not include the grade 10 below and grade 12 above, for

the consistency of answers. It will only be within the campus for the confidentiality

between the respondents and the researchers, and also for the accessibility

purposes.

On additional limitations of the study, for the researchers will collect data to the

said respondents, on different persons; therefore the information or data that will

be gathered could be different too. The nature of information the respondents that

will give to the researchers, will be limited based on their own perspectives or

experiences.

DEFIN ITION OF TERMS

Ability-An acquired or natural talent that enables an individual to perform and

serve. (Business Dictionary, 2019)

Business- An organization or economic system where goods and services are

exchanged for one another or for money. (Investopedia, 2019)

Capital- Is the money or wealth needed to produce goods. (Inc., 2018)

Employment rate- Are defined as a measure of the extent to which available labor

resources (people available to work) are being

used.(Organization for Economic Co-operation and

Development, 2019)
Experience- Familiarity with a skill or field of knowledge acquired over months or

years of actual practice and which, presumably, has resulted in

superior understanding or mastery. (Business Dictionary, 2019)

Expertise- A high level of knowledge or skill (Dictionary.com, 2019)

Influence- Is the power to change or affect someone or something (Merriam-

Webster Dictionary, 2019)

Manage-To control something, such as a project, team of people, or idea.

(Business Dictionary, 2019)

Personality- Is a combination of lifetime experience as well as genetic

characteristic, a particular job or task successfully(Business

Dictionary, 2019)

Risks-To do something that would result in something bad or unpleasant

(Merriam-Webster, 2019)

Struggles- To experience difficulty and make a very great effort in order to do

something (Cambridge Dictionary, 2019)

RESEARCH LOCALE

The study will be conducted at the University of the East – Caloocan,

located at 105 Samson Road, Caloocan City. Specifically, the respondents

included here will only be from the class of ABM 11-12 in LCT room 704, and 10

selected students will only be needed to participate in answering the

questionnaires. Particularly, 5 males and 5 females will be the respondents. The

respondents are from the school only, to have specified participants, and from the

same strand as the researchers which is ABM, to somehow incline their field to the

said respondents. The researchers will be the one to go to the respondents’ class

for their convenience, and for the researchers to make sure that they answer the

questionnaires on the given time, and also for them to collect the questionnaires

easily and at once. The study will be conducted during the first semester of school

year 2019-2020.

TYPE OF DATA/SOURCES OF DATA

This study was conducted at the class of ABM 11-12 where the researcher

conducted a survey questionnaire to answer some questions related to our study.

We conduct a survey for our topic entitled “Pros and Cons of having a business at

a young age”. There are a number of different survey techniques that can be used

to collect. The type of data is primary sources because this study refers to

information obtained firsthand by the researcher on the variables of interest for the
specific purpose of the study. The internet could also serve as a primary source

when questionnaires are administered over it.

RESEARCH DESIGN

In conducting this study, the researchers would use qualitative research

design. The kind of qualitative research design is historical approach because

systematic collection and objective evaluation of data related to past occurrences

in order to test hypotheses concerning causes, effects or trends of these events

that may help to explain present and future events. According to Jeff Sauro (2015)

A popular and helpful categorization separate qualitative methods into five groups:

ethnography, narrative, phenomenological, grounded theory, and case study. John

Creswell outlines these five methods in Qualitative Inquiry and Research Design.

Qualitative research methods are designed in a manner that they help reveal the

behavior and perception of a target audience with reference to a particular topic

(Adi Bhat, 2019).

POPULATION AND SAMPLES/SAMPLING TECHNIQUES

The population for this study included grade 11 ABM students 10 students

as a participants. We use it to gather information about their opinion on having a

business at a young age. A Convenience sampling method was used for selecting

participants in this study. Convenience sampling is a non-probability sampling

technique where subjects are selected because of their convenient accessibility

and proximity to the researcher. The subjects are selected just because they are
easiest to recruit for the study and the researcher did not consider selecting

subjects that are representative of the entire population.

RESEARCH INSTRUMENT

We, the researchers used survey questionnaire for instrument to collect data

from the participants. A survey questionnaire is a set of questions used in a survey.

The survey questionnaire is a type of data gathering method that is utilized to

collect, analyze and interpret the different views of a group of people from a

particular population. The survey questionnaire consists of set of questions made

by the researchers to obtain data from the respondents of selected students of

ABM 11-12.

DATA GATHERING PROCEDURE

In September 2019, after approving the questionnaire, we, the researchers

proceed to room 704, LCT building to conduct a survey. Our respondents here will

only be the class from ABM 11-12 and 10 students will be selected to answer some

question from the questionnaire. Particularly, 5 boys and 5 girls will be the

participants or the respondents. As far as data collection tools were concerned,

the conduction of the research involved the use of open-ended question on the

survey questionnaire intended for our research entitled “Pros and Cons of having

a Business at Young Age”.

examples. Retrieved from https://www.questionpro.com/blog/qualitative-

research-methods/

Measuring U.(2015).5 Types of Qualitative methods. Retrieved from

https://measuringu.com/qual-methods/

Wikipedia.(2019). The free encyclopedia. Retrieved from

https://en.wikipedia.org/wiki/Business

The Filipino times.(2018). K-12 graduates are not yet ready for work’, says PCCI.

Retrieved from https://filipinotimes.net/news/2018/01/17/k-12-graduates-not-yet-

ready-work-says-pcci/

Manila Bulletin.(2018).Concerns over job readiness hound first batch of K to 12

graduates. Retrieved from https://news.mb.com.ph/2018/01/25/concerns-over-

job-readiness-hound-first-batch-of-k-to-12-graduates/

Sun Star Philippines.(2010). Vice mayor presses release of city's eco-zone

share. Retrieved from https://www.sunstar.com.ph/article/174652

http://www.businessdictionary.com/definition/ability.html

Investopedia.(2019). Business Essentials. Retrieved from

https://www.investopedia.com/terms/b/business.asp

Encyclopedia Inc.(2018). This morning newsletter. Retrieved from

https://www.inc.com/encyclopedia/capital.html

Business Dictionary.(2019). Web Finance. Retrieved from

http://www.businessdictionary.com/definition/experience.html

Dictionary.(2019). Word Origin. Retrieved from

https://www.dictionary.com/browse/expertise

Business Dictionary.(2019). Web Finance. Retrieved from

http://www.businessdictionary.com/definition/manage.html

Business Dictionary.(2019). Web Finance. Retrieved from

http://www.businessdictionary.com/definition/personality.html

Cambridge Dictionary.(2019) .Cambridge Dictionary plus. Retrieved from

https://dictionary.cambridge.org/us/dictionary/english/struggle