Abstract
Entrepreneurship is seen as one of the key economic development strategies needed to advance the country’s economic growth and to maintain its competitiveness in operating in the growing trend of globalization. Entrepreneurial and entrepreneurial activities play an important role in the economic development of individuals, communities and even countries. Unfortunately, most university students who want to start a business believe that there are many obstacles they have to face in making the business a reality. The purpose of this study is to identify and measure the barriers to entrepreneurship in Malaysia based on one dependent variable and several independent variables. University students face various obstacles such as lack of social networks, lack of resources and fear of failure that can hinder their intention to become entrepreneurs. The barriers faced by university students may indicate a different perspective compared to existing entrepreneurs. This study is quantitative in nature and questionnaires were distributed to collect information from respondents based on 118 sample size measurements and using the convenience sampling method. Data obtained through questionnaires will be analyzed and evaluated with multiple regression statistical tests. The solution of this study aims to fill the research gap and also be able to provide useful insights of youth entrepreneurship to policy makers, education management and government to foster student entrepreneurship develop entrepreneurial ecosystem and improve business environment.
Highlights
This research focuses on entrepreneurial barrier factors
The results shown, lack of social network was the most significant predictor variable that contribute to the entrepreneurship intentions with the value of (β = -0.768) or 76.8% and significant at 0.000
The findings of this research supported the literature and the researcher can conclude that those barriers to entrepreneurship faced by universities student from developed country apply to student from developing country
Summary
Entrepreneurship has been recognized worldwide in the field of business research (Sandhu et al, 2011). This is one of the factors for achieving job creation and economic development (Gorman et al, 1997). The increase in the number of policies and support mechanisms available to entrepreneurs is one of the proofs of the importance of entrepreneurship to the growth of the Malaysian economy. These include physical infrastructure, business advisory services and financing. People more difficult to compete for jobs due to the economic growth is creating less jobs compare to it used before
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