CONTRIBUTING FACTORS TO SMEs SUCCESS AMONG YOUTH

Abstract

Youth unemployment is one of the major global challenges for decades to come. While bound up with the overall employment situation, this challenge has its own dimensions and therefore requires specific responses. Unemployment or job difficulties have always been problems, especially for youth as they need to face it once they graduate. The government invents a lot of activities to cope with the unemployment issue in the country by cultivating entrepreneurship in society with a focus on students and youth to transform them to be an entrepreneur. So that this could lessen the problem at an early stage. Therefore, this study aims to identify the factors that contribute to the success of youth in entrepreneurship including business plan, business support program, and risk-taking, and how each of these influences’ youth entrepreneurship. The significance of this study is especially for youths include those who may leave their education and started their first jobs. Youth could expose the factors that lead to the effectiveness of the program. Even the youth may come from different fields, this could help them find the job if the current job mismatch with their field or being unemployed. A total of 200 youth respondents were collected from the youths who have become entrepreneurs and youth entrepreneurship has never been to obtain relevant data. The data collected, analyzed using IBM SPSS Statistics. using Non-Probability Sampling and the sample size by Roscoe. Results from this study revealed that all the listed factors contribute to the successfulness of youth to become entrepreneurs and the most contributing factor to the success of youth in entrepreneurship is Business Support Program.