The Advantages and Disadvantages of Having a Small Business as an ABM

student of FEU Roosevelt Rodriguez Campus SY 2023-2024

Grade 11- ABM B

Group 3
Alindogan, Angelica
Condat, Alyza Marie
Galigao, Aethan Dominic
Perez, Krystal Eunice
Peter, Isabella Marie
Rancap, Joshua Dave
Regacho, Henjay Cedrick
Romerosa, Jard Dricxell
Taripe, Miszy Claire
Tuyay, Joanna
Velena, Althea Danielle
 CHAPTER I

THE PROBLEM AND ITS BACKGROUND

INTRODUCTION

This chapter of the paper presents the problem and the setting. It includes the

background of the study, statement of the problem, assumptions, significance of

the study, and scope and delimitation.

Background of the Study

As an ABM (Accountancy, Business, and Management) student of FEU

Roosevelt Rodriguez Rizal, it is essential to study the advantages and

disadvantages of small businesses. A small business is a venture that is

independently owned and operated, typically with fewer employees and lower

revenue than large corporations.

Having a small business is one of the simple ways to earn a small income.

Owning a small business benefits young entrepreneurs, like students who study

business in their senior high years. It gives them the ideas, knowledge, and

experiences to make the best outcome when they have their own successful

business.

By having a small business, the students can earn multiple skills that help

boost their managing in a business and skills such as expanding business skills,

increased credibility, learning about management, innovation and inspiration, and

understanding the environment (MBIE, 2023).

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 It is essential to weigh the student’s options and make the best decision for

the students and their future. The advantages are that the students learn things

about business at a young age, the students can build more connections they can

use in the future, especially because many people will be willing to help them out,

their social skills will improve, like communication and presenting themselves in

front of others, manage finances properly, and have the opportunity to gain real-

world experience that will enable the students to experience those hardships that

they may encounter. The disadvantages are that the students need to sacrifice a

part of their time in education and lose some opportunities that would have helped

the students further in networking and catching up on the things they missed (Rana,

2022).

Owning a small business as an ABM student can help them gain a

comprehensive understanding of the dynamics and complexities of the business

world, thereby preparing them for future endeavors in the field. And of course,

there are a few advantages and disadvantages for them of having a small business

as a student. The advantages are that there is much less risk if the students start

young and early, and there are a lot of resources available, including funding,

professional networking, and even what we learn in the classroom.

Students stated that having a small business while studying gives them

advanced knowledge of business and they can support their studies financially.

Their experiences in selling gave them ideas on how to manage their future

businesses and cope with the trends. Those students who preferred to have no

business while studying stated that they can simply focus on their studies and

3
perform school-related activities. However, handling businesses while still studying

could give students the first-hand experience of their lessons. This gave them

simple know-how in the field of entrepreneurship. Parents are also encouraged to

support their children in their business endeavors (Sael, 2019)

Only the students will know when it is right to dedicate themselves full time

to their venture. They’ll gain a valuable real-world experience in areas specifically

in finance, sales, marketing and problem-solving. Consider their economic stability,

opportunity cost, and specially the commitment to significant others before diving

in 100% (Gardner, 2019).

And there are also some disadvantages in owning a business as a

student. A disadvantage of a small business is limited resources, due to a lack of

financial capital, small businesses might face challenges in investing in advanced

technologies or marketing strategies.

Engaging in a small business venture as a student offers numerous

advantages, including flexibility, skill development, networking opportunity, and

cultivating an entrepreneurial spirit. However, it is essential for students to consider

the potential disadvantages, such as time constraints, financial risks, and limited

experiences. By carefully weighing both the advantages and disadvantages, the

students can make informed decisions and maximize the benefits of running a

small business while pursuing their education. (Smith, 2019)

Moreover, small businesses often face intense competition from larger

corporations, which can pose obstacles to their growth and sustainability. By

understanding the advantages and disadvantages, ABM students can gain a

4
comprehensive understanding of the dynamics and complexities of the business

world, thereby preparing them for future endeavors in the field.

Statement of the Problem

1. What are the advantages of having a small business as an ABM student?

2. What are the disadvantages of having a small business as an ABM student?

3. How does having a small business help in the lessons?

4. What will be the effects of having this small business on the academic

performance of the students?

5. How does having this small business help the students in their future

career?

Assumptions

1. The advantages of having a small business as an ABM student includes

practical application of theoretical knowledge, gaining hands on experience,

developing entrepreneurial skills, and having greater control over decision

making processes.

2. As an ABM student, the disadvantages of having a small business may

include limited resources, increased workloads and responsibilities, and

higher risks due to limited market reach and competition. It takes them

several miles to sustain their business at a very young age. It requires them

to have a big amount of capital and sacrifice their youth for the time.

3. Having a small business helps in providing valuable lessons in

entrepreneurship, such as financial management, marketing strategies,

problem-solving, adaptability, and resilience.

5
 4. The effects that may happen is that the student would not be able to balance

their time with academics and their business. Because of the continuous

activities that teachers give to their students. Students will run out of time to

manage their business and it may possibly fail.

5. Having a small business helps the students in their future career by

providing practical experience and skills that can enhance their resume

application and make them more marketable to employers. Small business

inspires the students to pursue their business career and become a

professional and effective entrepreneur.

Significance of the study

The objective of this qualitative research is to examine the advantages and

disadvantages of owning a small business as an ABM student. This research will

benefit society, particularly those who are studying and considering starting a

business. They will understand the effects of running a business and studying at

the same time, and they will be able to effectively balance their work. The following

will also benefit from the study’s findings:

Students. This will benefit the students who are taking ABM strand. They

will learn the difference between being a normal student and being a business

owner student, and they will know the advantagesa and disadvantages of being a

student owner.

6
 Parents. With a small business of their own, the parents of ABM students

will serve as their guides. They will then be able to determine whether their child

has any business knowledge while studying ABM.

Teachers. Teachers will benefit from this research knowing whether a

student will find the lesson easier if they run a small business.

Future Researchers. The findings of the study will serve as reference

material and a guide for future researchers who wish to conduct the same study,

or any study related to ABM students who have small business.

Scope and Delimitation

This study aims to determine the advantages and disadvantages of having

a small business as an ABM student. The participants are only from the local ABM

students of FEU Roosevelt Rodriguez. The researchers aim to analyze their

experiences in owning a small business.

Moreover, the researchers are focused on exploring the benefits of studying

accountancy, business, and management while also running a small business and

knowing the advantages that arise from combining academic learning in ABM with

real-world business engagement.

This research is limited to the responses of the participants. The data would

be gathered through an interview with ABM students from FEU Roosevelt,

speaking to both those who have an actively ongoing small businesses and those

who are focused on their academics. The interview will be done in a face-to-face

manner. The results of this study are limited to the interpretation and analyzation

7
of the answers from the participants from both Grade 11 and Grade 12 ABM

students respectively.

8
 CHAPTER II

REVIEW OF RELATED LITERATURE AND STUDIES

This chapter contains concepts, completed studies, conclusions, techniques, and

other information. Those provided in this chapter help familiarize the reader with

important and similar information to the current study.

Related Literature

Foreign

Want to give your entrepreneurship students real-world experience? Try

consulting projects (Eddleston, et al. (2015))

Eddleston, et al. (2015) stated that although students are naturally

motivated, passionate, and diligent, holding their attention in a regular classroom

can be challenging. By enabling students to comprehend important ideas and

apply academic lessons, the inclusion of a consulting project in the curriculum

enhances classroom instruction. Results from a consulting project that focuses on

the collaboration of student teams and businesses are advantageous to both

parties. Students get firsthand knowledge of working with entrepreneurs by setting

up small business consulting projects that concentrate on measurable outputs. It

helps the students learn to take initiative in figuring out what kind of data is required

to make wise selections, separate the symptoms from the actual issue, show

empathy for the thoughts and perspectives of others, and create solutions that the

business owner may use on their own.

9
 This article is relevant to the current study because it demonstrates that

students can improve their academic skills and thinking skills by participating in a

consulting project in which they assist business owners with their businesses; as

a result, the students will be more inclined in their studies because they will be

hands-on in planning and deciding for the entrepreneurs they are assisting. It

illustrates clearly the advantages of conducting a consulting project for students to

apply in future endeavours.

Why Do Students Need to Learn and Experience Entrepreneurship

(Harrington, (2017))

Harrington (2017) stated that university entrepreneurship programs provide

students with an environment to prepare for the accelerating pace of change in the

world. Intentionally designed interdisciplinary courses and activities are effective

in creating environments where students can experience uncertainty and learn to

cause change. Traditional pedagogy is designed to build competency or

perspectives, while simulated experience and experiential entrepreneurship

courses complement this. Entrepreneurship education helps students develop

their entrepreneurial mindset and personal motivations across various disciplines.

Creating something new and valuable aligns with a student's interests, requiring

problem-solving in uncertainty. Students must team up, form relationships, and

broaden their perspectives to see challenges and opportunities from different

perspectives. Experiential entrepreneurship courses teach teamwork, mentorship,

and urgency in a collaborative and competitive setting. Students who have

entrepreneurial experiences feel the gratification of accomplishment through

10
personal initiative, persistence, and creativity. Graduating entrepreneurial students

are attractive to large and small companies, as employers value students with

entrepreneurial mindsets. They have multiple career choices and can choose to

work at their ventures or start new ventures when they find a viable idea that

matches their interests.

This body of work is pertinent to the current study since the author

emphasizes the value of students experiencing and learning entrepreneurship. It

is very relevant and fascinating for students to learn how to take action that creates

change in their areas of passion, and it can assist those who are willing to start a

small business that they can profit from. It results in learning that is applicable for

a long time. Students can improve their critical thinking, cooperation, creativity,

problem-solving, and leadership skills by reading this article.

From passion to profit: Student small business owners thrive in college

atmosphere (Kuntz, (2023))

Kuntz (2023), Aliyah Sulaman, a senior health informatics major at Pitt,

founded 501 Nails to offer unique nail art to college students and the local

community. Despite the challenges of balancing entrepreneurship and academics,

Sulaman remains passionate and plans to expand the business after graduation.

Similarly, Gloria Hao and Hannah Ye, co-owners of SOLIS Studio, started their

photography business to meet the demand for concept photography on campus,

aiming to extend services to the broader Pittsburgh community. Erica Love, a

senior French and international studies major, runs the online handmade jewelry

business Rickweaves, catering to various aesthetics and managing all aspects of

11
the business. While fulfilling, Love finds it challenging to balance school and

business expansion.

The experiences of Aliyah Sulaman, Gloria Hao, Hannah Ye, and Erica Love

illustrate both the advantages and disadvantages of running a business as a

student. On the positive side, these student entrepreneurs gain valuable real-world

experience, develop time management skills, and can turn their passions into

successful ventures. These student owners find creative outlets and use their

businesses as a form of relaxation. However, the challenges lie in balancing the

demands of academics with the responsibilities of entrepreneurship. The students

face time constraints, juggling between classes, exams, and running their

businesses.

Small Business 101: Starting a small business as a full-time student

(Leblond-Champagne, (2023))

Leblond-Champagne (2023) claimed that a classic mantra said to "address

a want or a need," and this is precisely what owners should strive for. The first

thing a student would want to do in starting a business is to brainstorm and think

of what they would like to sell. They can take five minutes of their day, gather a

piece of paper, and a pencil, and start writing down some ideas. Find an idea of

what people would want to buy, and ideally, with a certain degree of originality. For

the business to succeed students need to conduct extensive market research. If a

student wants to sell a product, the author recommends creating a prototype or

investing in a sample. Start with a simple, small-scale, realistic idea, seek advice

from friends, family, and other business owners, establish a budget, take

12
calculated risks within their budget, and consider the expenses and potential risks

when pricing the product or service.

This article shows how a student can start a business; it is closely related

to the current study because it shows the things students can do to start a business

without compromising their studies. The article shows some steps a student can

do if they want to start a business, it also tackles different ways on how to budget

the limited capital you have.

Student Entrepreneurship Fuels Business Growth and Learning (Marquis,

(2021))

Marquis (2021) stated that while graduates believe they are well prepared

for a job, employers increasingly think otherwise. The job market demands skills

like critical thinking, emotional intelligence, problem solving, cultural agility. By

having their own business, they can gain experiential learning that is difficult to be

acknowledged by an individual. They believe it’s not the sole responsibility of the

university to equip students for the future and rather, truly impactful businesses

must lean in and create opportunities to nurture and grow the entrepreneurial spirit

in young people.

This literature is closely related to the current study for it directly mentions

the advantages and disadvantages of having a small business as a student. The

present study like the article reviewed aims to equip students for the future and

rather, truly impactful businesses must lean in to hence their skills in

entrepreneurship.

13
 Mitchell (2019), when the topic is about owning a business, we cannot think

that a college student can operate a business. Being an entrepreneur while also

being in school has rewarding opportunities and giving him innumerable benefits.

Anyone can start their own business regardless of if you are young or student if

you are passionate to build your own business. But not everybody is going to have

the same level of success. We know that a great entrepreneur can come from

everywhere.

In this article we can learn a lot on sharing his experience about owning a

business. This helps those people who wants to be an entrepreneur. Hoarding

knowledge can often feel like the best way of keeping business on track to reach

its goal. It can help students to become independent and channel their creativity

into creating something of their own in this competitive world. Students can obtain

knowledge of business strategy and management, increase communication and

networking skills. In addition, it can form an entrepreneurial attitude and form a

better Entrepreneurial Mindset.

Local

Student Starts Business While Studying, Now has 30 Resellers as She

Graduates from College (Adalia, (2022))

Adalia (2022), Raliane began by selling to her friends but soon began letting

her classmates and other schoolmates taste the delicious goodies to gain orders.

Because her father was the only one working, she utilized her profits to support

herself in school and even pay for their family's necessities. When the pandemic

14
began, schools were closed, and individuals were not allowed to leave their houses

as much as they wanted. Raliane was diagnosed with anxiety disorder because of

the quarantine, and selling became one of the outlets she used to cope. She used

what she learned in school as a financial management student to expand her

business. Although it took some time for her to establish a client base, she quickly

expanded her business and began to have resellers. To grow the customer base

take care of your customers and make them feel welcome; satisfied customers will

return, use social media, think big, and think outside the box to see how you can

welcome new customers, learn from the competition, and find other ways to

promote your business.

This article clearly states the advantages of having a business as a student,

which is closely related to the current study; it also demonstrates that having a

business will help with your mental health state. The article also gave advice to

future business owners on how to expand their customer base.

TESDA-Go Negosyo tie-up boosts Pinoy entrepreneurs (Antonio, (2023))

Antonio (2023) reported in a statement it was revealed that four out of five

Filipinos aspire to become entrepreneurs. TESDA is looking for ways to collaborate

to support that aim to help boost entrepreneurship in the country. Go Negosyo

extended an invitation to TESDA scholars to actively participate in various Go

Negosyo events to enhance their knowledge and skills in entrepreneurship. The

program hopes to produce alternative employment opportunities through small and

medium businesses.

15
 Many Filipinos are aspiring to have their own businesses. The researchers

assume that this would foster a “vibrant ecosystem” that empowers individuals to

pursue their entrepreneurial.

Business Mentor: The Advantages of Starting a Business at a Young Age

(Bartolome, (2017))

Bartolome (2017), all of us want a better life because of happiness. Owning

a business helps us to achieve this thing. Some people already realize that they

want to become entrepreneurs at a very young age. Furthermore, there are many

reasons why some of us want to own a business, such as being motivated by

financial need, wanting to be the boss, being involved in the family business, or

driving for a sense of accomplishment, as stated in the ABS-CBN article. In

addition to that, it says that college students taking business courses are expected

to come up with their own unique businesses as part of their school requirements.

This article shows that some small businesses are owned by young people.

It helps us to see what the advantages are to start a business. This helps to

encourage young people to not be afraid to start their business if they truly want it.

Having said that, owning a business is not that easy; it is not a win-win situation.

You will always have to take a risk. With this, you need to be brave and accept all

the challenges, conquering our fear. Most young entrepreneurs who truly love what

they do can lead to success. Above all, we can do all things if we believe in

ourselves that we can.

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 A positive sign for Filipino entrepreneurship and job creation (Concepcion,

(2023))

Concepcion (2023), The Tugon ng Masa survey by OCTA Research reveals

a strong entrepreneurial spirit among Filipinos, with 78% expressing a preference

for starting a business over traditional employment. The survey highlights key

motivations such as control over schedules, absence of a boss, and unlimited

income potential. However, the survey also acknowledges the importance of

financial security, leading some individuals to choose employment. The article

emphasizes the need for aspiring entrepreneurs to maintain a lifeline to steady

income, particularly in the challenging startup phase. Despite the hurdles, the

survey underscores the positive perception of small businesses, with more than

half of respondents recognizing their role in supporting local communities and

creating jobs. The goal is to transform Philippine agriculture, create agripreneurs,

and address challenges related to mentorship, access to credit, and market

participation.

The advantages highlighted, such as controlling one's schedule, having no

boss, and unlimited income potential, align with the motivations often cited by

individuals pursuing entrepreneurship. The discussion about the challenges faced

by small entrepreneurs, especially those in the startup phase, resonates with the

disadvantages of managing a business, such as financial instability and the need

for a steady income source. The mention of mentoring and advising aspiring

entrepreneurs to maintain a lifeline to steady income reflects an awareness of the

potential risks and uncertainties associated with entrepreneurship, particularly for

17
students managing businesses alongside their studies. Overall, the article

provides insights into the motivations, challenges, and potential positive impacts

of entrepreneurship, presenting a comprehensive viewpoint that is connected to

the wider discussion of the advantages and disadvantages of owning a business,

even for students.

Entrepreneurship is a journey of mindset and opportunity (Concepcion, (2023))

Concepcion (2023) claimed that entrepreneurship is a dream for many

Filipinos, with a survey showing that four out of five express a desire to become

entrepreneurs. The appeal lies in the freedom it offers individuals to shape their

own success, unbound by traditional job limitations. A positive mindset, driven by

passion and belief in their abilities, is crucial for aspiring entrepreneurs.

Surrounding oneself with like-minded individuals can provide support during

difficult times. Mentorship plays a critical role in shaping the next generation of

entrepreneurs, providing guidance and encouragement. Social media has

emerged as a powerful platform for aspiring entrepreneurs, especially those with

branding and product positioning. Financial literacy is essential for success, and

identifying one's strengths and excelling in them can help stand out in a crowded

market. Franchising is a viable option for aspiring entrepreneurs, offering

mentorship and hands-on experience. Home-based food businesses and small-

scale manufacturing are common among MSMEs, making reselling a viable option.

Digitalization presents opportunities for emerging technologies and e-commerce,

allowing for innovation. However, entrepreneurs must balance passion with market

demand and align their skills with industry needs. Becoming an entrepreneur

18
requires dedication, resilience, and continuous learning. The journey may be

challenging, but the rewards can be fulfilling.

The opportunity of an entrepreneur's journey is depicted in the article, and

this is strongly related to the current study. This can assist students who run their

own businesses while still attending school by improving their critical thinking skills

and positive mindset, which could lead to significant opportunities both now and in

the future, and by providing them with the knowledge they need to grow their small

firm into a large one.

Related Studies

Foreign

How University Students Perceive Running a Business – Selected Aspects

(Bieńkowska-Gołasa, (2017))

Bieńkowska-Gołasa (2017) the concept of entrepreneurship is studied by

various fields such as economics, sociology, and psychology, each focusing on

different aspects. In economics, entrepreneurship is often associated with

business activity, specifically the setting up and running of a company for economic

benefits. Psychologists analyze the individual characteristics that contribute to

entrepreneurial behavior. Sociologists examine the mechanisms that promote

innovation in society and the impact of entrepreneurial activities on local

communities. In its vernacular meaning, entrepreneurship refers to setting up and

running a business independently. The terms "entrepreneurship" and

"entrepreneur" have long been discussed in economic literature, with early authors

19
like J.B. Say, A. Smith, and R. Cantillon providing definitions. Entrepreneurship is

seen as a combination of entrepreneurial and innovative activities that lead to

success in the market or business.

In general, entrepreneurship involves creating something new and valuable

while considering financial risks and potential rewards. It is a special kind of activity

that can be carried out individually or within an organization, involving taking

chances and implementing innovations that have economic and non-economic

effects. Education plays a significant role in developing entrepreneurial attitudes

and preparing individuals for business activities. Entrepreneurship is characterized

by joining management factors into functional systems, innovative behavior,

diversification of products or services, and competition or alliances with other

businesses. The future of entrepreneurship lies in the hands of entrepreneurs who

are open to change and view it as essential for survival and development. Creating

conditions that foster entrepreneurship and utilizing existing knowledge are crucial

for its growth.

Undergraduate Student-Run Business Development Services Firms: A New

Educational Opportunity and Growth Alternative for Small and Medium

Enterprises (Delaney, et al. (2019))

Delaney, et al. (2019) Bear Studios is a student-run organization founded

by undergraduates to provide talented students the opportunities to freelance and

provide them with start-ups and small and medium enterprises (SMEs) with

business, design, and technology services, while those enterprises provide high

quality services at rates lower than professional firm prices. With the expansion of

20
the economy, the undergraduates provided these authentic entrepreneurial

experiences for the students to learn to be flexible, operate on a per-project basis,

and prepare themselves for the “portfolio careers” of the future, becoming better

prepared for postgraduate life in a rapidly changing world. Nearly all the jobs in the

United States created between 2005 and 2015 have been temporary. In fact,

“alternative work” comprised 94% of the jobs created since 2005, structured in

“alternative work arrangements,” with the biggest increases in employment

statistics coming from freelancers, independent contractors, and contract company

workers, among other “contingent” workers like temps, part-time workers, and

other specialists.

This study is relevant to our current study as it helps us better understand

the shift towards alternative work arrangements is needed for small businesses

handled by students, showing how they can change and thrive in this environment.

It helps us see the challenges and benefits these enterprises experience.

Just a Lemonade Stand an Introduction to Student Entrepreneurship (Gupta, et

al., (2017))

Gupta, et al. (2017), Some educators and policymakers believe that student

entrepreneurship helps students by providing them opportunities to combine

theory and practice in a positive and pragmatic sense. Others argue that

involvement in business activities, especially the kind of activities required to start

a new business, during school years likely interferes with students’ academic

progress, which may adversely affect their future academic goals.

21
 This article states that the educators of entrepreneurship let the students be

free to combine and practice their theories. This helps them to create more

branches about their theory and how they are going to execute it. Others argue

about the involvement of business activities because they think that during the

school years, activities from school are a hindrance to them that interfere with the

academic process and may affect their future.

Importance of Environment for Young Students as a Factor for Starting Their

Own Business (Gyrdymova, et al., (2017))

Gyrdymova, et al. (2017) entrepreneur as a risk bearer is not the only view

on his role. Veerabhadrappa Havinal in his work “Management and

Entrepreneurship” (2009) classifies entrepreneurs into two more types: organized

and innovative. Talking about the first, organizer role, it was described by Jean

Baptiste Say in his “A Treatise on Political Economy; or the Production,

Distribution, and Consumption of Wealth” (1803). He introduced an entrepreneur

as a key coordinator of both production and distribution, as a man who combines

labor and capital and then manufactures products. As for the innovator role,

Hanival (2009) remembers Joseph A. Schumpeter (1883-1950), an Austrian-born

economist and political scientist, who considered an entrepreneur as someone

who introduces either a product (services) or the process of selling, identifies new

export markets and supply sources or introduces new types of companies.

According to this article, being an entrepreneur as a risk bearer states that

it is not the only view of his role; there are two more roles that are needed as an

entrepreneur: being organized and innovative. An organization describes that it is

22
the key coordinator of both production and distribution. While the innovator, it is

someone who introduces products and identifies new export markets and supply

sources or introduces new types of companies.

Small Business Management: Creating a Sustainable Competitive Advantage

(Hatten, (2023))

Hatten, (2023) The growing economic importance of small businesses has

not escaped notice on college and university campuses. In 1985, only 250

entrepreneurship courses were offered in the United States, today the number of

university courses, programs, and degrees number many thousands. A recent

study shows that 61% of recent college graduates want to start their own business.

45% thinks that it is very likely that they will start owning a business while 20%

already started their business while studying or before graduating.

This literature is related to our current study as the continuously growing

number of entrepreneurship courses and the high percentage of graduates

wanting to start their business emphasize the relativity of student owned ventures.

This helps us further understand why they want to own a business despite the

challenges, it offers insight to their growth and impact.

Students and Starting of Business (Hrehová (2019)

Hrehová (2019) explores the intricacies of global business, highlighting the

increased ease of international connections. The paper emphasizes the need to

understand motivating factors for individuals entering the global market and their

impact on business creation. Focused on students from Slovakian technical

23
universities, the study aims to uncover influences on entrepreneurial activity and

propose policies to enhance students' engagement. The literature review

references key research streams, while empirical data, processed with statistical

tools, offers insights into young adults' entrepreneurial motivation, considering

factors like financial, recognition, independence, and family safety. The study

underscores the importance of these findings in preparing students for future

careers, especially how university business courses motivate them toward

entrepreneurship over traditional employment.

This article is relevant to the current study because it provides insight on

understanding the factors that affect young entrepreneurs’ intention.

Understanding the complexities of business, especially for students entering the

local market, is crucial when considering the advantages and disadvantages of

having a small business as a student. It also underscores the importance of

recognizing potential challenges, uncertainties, and the need for financial

preparedness when managing a small business alongside academic

responsibilities.

Small Business Website Development: Enhancing the Student Experience

Through Community-Based Service Learning (Mitchell, (2018))

Mitchell (2018), experiential learning is a teaching approach that allows

students to learn through direct experiences. It involves a process of transforming

experiences into knowledge. The concept of experiential learning is based on the

idea that students benefit from being actively involved in an activity and reflecting

on its value before moving on to the next activity. The experiential learning cycle

24
consists of four steps: abstract conceptualization, active experimentation, concrete

experience, and observational reflection. Experiential learning has been widely

used in various disciplines to help students understand concepts, improve skills,

and learn effectively. Community-based service learning is a specific application of

experiential learning, where students apply their knowledge and work within a

community context. Service learning provides students with real-world scenarios

to practice what they have learned in their disciplines, while benefiting the

community by addressing its needs.

This research aims to explore the use of experiential service learning in an

IS course to provide students with an experience that benefits the entire

community. By engaging in experiential service learning, students can gain

practical skills and contribute to the community's needs at little or no financial cost.

Local

Pandemic Start-ups: Experiences of Grade 10 to 12 Students of St.

Stephen’s High School in Starting Small Businesses During the COVID 19

Pandemic (Chua, et al., (2022))

Chua, B. et al. (2022), the unexpected COVID-19 pandemic outbreak

brought difficulties that affected people’s daily lives, including the business

operations. But along with it, the rate of small business that managed by students

got high. This qualitative study focuses on the experiences of student

entrepreneurs who started their own small enterprises or business during the

pandemic. They experienced the advantages and disadvantages of having their

25
own small business during the pandemic, also their source of inspiration,

management styles and legal procedure insights. They interviewed via zoom the

six participants from St. Stephen’s High School who are the grades 10 to 12

students’ entrepreneurs who were involved in the pandemic and started their own

businesses.

This study shows that even though a lot of things happened in our world,

the students can still start their own small business to survive as they’re making

money while being careful. This relates to the topic because it also has the

advantages and disadvantages that the students experienced while managing

their own small business.

Starting a Small Business amidst COVID-19: The Entrepreneurial Journey

of Entrepreneurship Students in Nueva Ecija, Philippines (Domingo, (2022))

Domingo, (2022) This study explores the entrepreneurial journeys of

twenty-three college students who started small enterprises during the pandemic

at Nueva Ecija University and Science and Technology, Philippines. The study,

which makes use of a descriptive research methodology, demonstrates how the

students' education was a major factor in their readiness for entrepreneurship.

Gaining money while studying served as a major incentive. The students used

webinars and peer mentoring to improve their businesses despite obstacles

including time management and following health regulations. The report suggests

continuing to provide potential entrepreneurs with government support and

pertinent entrepreneurship education. The study adds to the scant literature in this

field by illuminating students' business endeavours during the pandemic. It also

26
emphasises how crucial it is to provide continuing assistance to students pursuing

entrepreneurship in difficult times.

This study examines how college students at Nueva Ecija University,

Philippines, started small enterprises during the pandemic, showcasing the impact

of education, financial incentives, and supportive measures like webinars on their

entrepreneurial journey. The findings underscore the importance of ongoing

government support and entrepreneurship education for students facing

challenges in difficult times.

Benefits of Having a Small Business While Taking ABM Strand (Sael,

(2019))

Sael, D, J. (2019) aspiring entrepreneurs in Accountancy, Business, and

Management (ABM) often engage in selling within schools for financial support.

This study, utilizing purposive sampling among 12 students from General Mariano

Alvarez Technical High School, reveals that those with small businesses gain

advanced business knowledge and financial support, while those without

emphasize the focus on studies. Both groups, however, possess unique

advantages, with handling businesses providing firsthand experience and practical

know-how in entrepreneurship—an insight parents are encouraged to support.

This statement describes a scenario where students studying Accountancy,

Business, and Management (ABM) often participate in selling activities within their

schools to financially support their studies. The findings highlight that students who

own small businesses not only gain advanced business knowledge but also

receive financial support.

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 Entrepreneurial Intention of Accountancy, Business and Management

(ABM) Students in Nueva Ecija, Philippines (Santos, (2016))

Santos (2016), the Philippines introduced a senior high school curriculum

aimed at nurturing well-rounded, entrepreneurial students with 21st-century skills.

This research, conducted through a quantitative-descriptive approach, studied 89

Accountancy, Business, and Management (ABM) students in Nueva Ecija.

Findings revealed that students prefer entrepreneurship over traditional

employment. Family plays a significant role in their aspirations, motivations

emphasize support for fellow entrepreneurs, creativity, and risk-taking, and

establishing a business requires both financial preparation and the right mindset

due to potential challenges and uncertainties.

This research is aligned with the current study because it shows the

entrepreneurial intentions of ABM students, it’s influencing factors, motivators, and

obstacles. The curriculum's focus on nurturing entrepreneurial skills and 21st-

century capabilities suggests potential advantages for students aiming to venture

into small business endeavors. Furthermore, stating the factors and obstacles that

these ABM students might experience is also part of how they will possibly start

their own businesses one day.

The Perception of ABM Students towards Business Management (Santos, (2016))

Santos (2021), this study talks about the Franchising and Entrepreneurship

differences of business concepts that share many things in common. Many

aspects of the entrepreneurial approach are also connected in franchising. Both

28
businesses can sell products and/or services, but the franchises are set up with

multiple locations or units and have a contract with who are the administrators of

each unit or set of units, which they are still owned by the franchisor. Franchising

is a business arrangement which is the owner of the company, the franchisor,

obtains the distribution centres through the associated dealers or the franchisees.

Entrepreneurship is a type of proactive process of creating a business with the

goal of success and making money.

This relates to the topic for the students to learn about the differences

between franchising and entrepreneurship when it comes to business, which is the

part of a business as they're entering and starting from small business into a bigger

one, and how to manage them by being the owner of your own company or

business in the future.

29
 CHAPTER III

METHODOLOGY

This chapter includes the methodology of the whole study, consisting of research

design, research setting, sampling technique, selection of participants,

instruments used, and data gathering procedures.

Research Design

Trochim (2012) states that the research design “provides the glue that holds

the research project together. A design is used to structure the research and show

how all the major parts of the research project work together to address the central

research questions.”

The research method has two parts: qualitative and quantitative. The

researchers conducted this research using qualitative methods. The researchers

aim to know the students' answers to the advantages and disadvantages of owning

a small business while studying as an ABM student at FEU Roosevelt Rodriguez.

Qualitative research “is an inquiry process of understanding a social or

human problem based on building a complex, holistic picture, formed with words,

reporting detailed views of respondents, and is conducted in a natural setting.” as

defined by Creswell (1994). According to Denzin and Lincoln (1994), qualitative

research is “…a situated activity that locates the observer in the world. It consists

of interpretive, material practices that make the world visible. These practices

30
transform the world. They turn the world into representations, including field notes,

interviews, conversations, photographs, recordings, and memos to the self.”

According to Creswell (2012), qualitative methods are divided into five

types: phenomenological research, grounded theory, ethnography, case study, and

narrative research.

The statement above helped the researchers identify what kind of

qualitative research they would be conducting. The method that the researchers

will use in this is the case study approach, as they focus on a particular subject. A

case study is used to investigate an individual or a group. This approach will help

the researcher gain a detailed understanding of the participant's thoughts in a

natural context and environment.

Research Setting

This research will be conducted at FEU Roosevelt College of Rodriguez,

located at Lardizabal Street, Barangay Manggahan, Rodriguez, Philippines, 1860,

supervised by Ms. Nicole Sanchez, Practical Research 1 teacher.

FEU Roosevelt, formerly called Roosevelt Memorial High School (RHMS),

was established in 1933 after World War II by Engr. Deogracias F. dela Paz. It was

built on San Roque, Rizal, on the site that previously housed the Marikina

Academy. It is known for its good-quality high school education in a non-sectarian

environment, entering the Top 20 nationwide. Over the years, it expanded to offer

a full educational experience, catering from preschool to college. Soon, it was

renamed Roosevelt College in 1977. In 2016, Roosevelt College was bought by

31
the FEU group of schools, which is why the previous Roosevelt College is now

called FEU Roosevelt. It has 3 campuses; the main one is in Cainta, and the other

two are the Marikina and Rodriguez.

Regarding population, the Rodriguez campus is the largest at FEU

Roosevelt. It also serves as a home for the school's most gifted athletes, who

consistently represent FEU Roosevelt in regional and national competitions.

PAASCU also accredits FEU Roosevelt Rodriguez.

This research is conducted in 16 weeks, from the first week of October 2023

until the last week of January 2024. This short time is because the time given to

the researchers is limited.

Sampling Technique

The survey will use a specific sampling technique to receive an accurate

selection of participants. Specific is to state that something is clearly defined or

identified.

The researcher will also use a specific method and a pre-survey of the ABM

students to gain information on who has a small business so the researchers can

interview the right correspondent. This will help ensure the respondents' selection's

reliability and prevent bias. Doing this will ensure that every ABM student owner

has an equal opportunity to be chosen to participate in the study.

Selection of Participants

32
 The participants of this study are the ABM Senior High School students of

FEU Roosevelt Rodriguez. The respondents range from the age of 15 to 19 years

old, which consists of ten ABM Senior High School students either from Grade 11

or Grade 12, with five students who are business owners and five students who

are not, to be able to differentiate the answers between the student owners and

the students who don’t own a business. The researchers have the student's

permission and are willing to participate in this study. The researchers will interview

the participants who responded to the researchers’ pre-survey questionnaire about

“The ABM Student Business Owner.” Additionally, the researchers acquired the

required ethical clearances to conduct the research. However, running a business

can leave participants with limited time and potentially crooked perspectives. Some

students might be too busy to participate, while others might offer overly positive

or negative viewpoints based on their individual successes or struggles.

The research participants that will be interviewed for this study possess the

qualities the researchers seek in a student. Hence, the survey participants who

answered the questions offered provided the most excellent responses needed for

this research. Furthermore, the researchers from the Grade 11-ABM B of the FEU

Roosevelt Rodriguez did not modify the survey responses that the participants

submitted.

Instruments Used

In this study, the researcher will be using a questionnaire. The questionnaire

is a set of orderly arranged questions carefully prepared to be answered by a group

of ABM Students designed to collect facts and information. The first question

33
concerns the advantages of having a small business as an ABM student. The

second concerns the disadvantages of having a small business as an ABM

student. The third set of questions is about how having a small business as an

ABM student can help their lessons. The fourth question concerns the effects of

having a small business on the student’s academic performance. The last set of

questions is about how small businesses can help students in their future careers.

Overall, this questionnaire will help the researchers identify the advantages and

disadvantages of having a small business as an ABM student.

Questionnaire:

What are the advantages of having a small business as an ABM student?

1.1 What benefits can ABM students get when having a small business?

1.2 What gives them an edge over other students?

What are the disadvantages of having a small business as an ABM student?

2.1 What negative aspects can ABM students face when having a small business?

2.2 How can it affect the student's overall performance as an aspiring

entrepreneur?

2.3 How can they turn the negative aspects into positive aspects?

How does having a small business help in the lessons?

3.1 Which skills can ABM students develop while having a small business?

3.2 What is the difference between the lessons they get in school and in real life

experience?

34
3.3 What is the difference between having a small business as an ABM student

and non-ABM student?

What will be the effects of having this small business on the academic performance

of the students?

4.1 What are the effects of having a small business at a very young age?

4.2 Is the effects positive or negative?

How does having this small business help the students in their future careers?

5.1 What can ABM students get that can help them in their future careers?

5.2 Which lesson and skill is the most important that the students can bring to their

future careers?

Data Gathering Process

The researchers used an interview questionnaire to collect the data, and it

will be done using a face-to-face interview. The questionnaire comprises questions

that the researchers develop from the problem statement. The researchers made

sure that the set of questions was enough to provide sufficient data needed for the

study; they used structured interviews that followed a predetermined set of

questions,

Also, these questions were thoroughly checked to ensure their

effectiveness and were modified to address all the corrections of each question.

The researchers examined each question, which will be distributed among the

chosen ABM students in the FEU Roosevelt Rodriguez campus who have and do

35
not have their small businesses, which is specifically chosen and distributed evenly

among the ABM students. The researchers made sure that the personal

information and identity of each respondent remained confidential to maintain the

accuracy and non-bias of the whole interview.

In answering the interview questionnaire, no incentive was given to the

participants because this could change how they answered the interview and affect

the whole study's truthfulness. Also, it allowed the respondents to ask questions to

the researchers or if they had concerns in answering the questions.

36
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