“FACTORS AFFECTING MONEY

MANAGEMENT IN THE TIME OF

COVID-19 AMONG SELECTED
ONLINE ENTREPRENEURS IN
BUTUAN CITY.”
INTRODUCTION
Money management has become a huge
contribution to the business world. It enables
every entity to manage their finances in terms of
budgeting, spending, saving and investing for
them to track their business’ health but it also
takes a lot of effort and study.
On the other hand, the existence of the COVID-
19 has a great impact on most of the business
entities and other work place. Many of us are
struggling with this health crisis, it turns out that
we have a lot of difficulties on how to sustain
our daily needs.
RESEARCH LOCALE
The study was decided to conduct within the City of Butuan, where both selected online
sellers and researchers are coming from.
This study mainly focuses on identifying the
factors affecting money management in the
time of COVID-19 among online entrepreneurs
in Butuan City. The study describes the status
of money management of the respondents and
how they able to cope up in this kind of
situation. This paper will involve primary and
secondary sources in gathering the data
needed for money management to analyze and
collect accurate results.
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RESEARCH PARADIGM

CONCEPTUAL FRAMEWORK
Online
Interviews with
Online
Timeliness &
Entrepreneurs in Pandemic
Availability
Butuan City. Restrictions
of Supplies

Raising of Demand
Funds for Financial for Online
Capital Goals and Supply
Needs

Analysis of
Data

Factors Affecting
Money Management of
Online Entrepreneurs 3
STATEMENT OF THE PROBLEM SCOPE AND LIMITATION OF THE STUDY
1. What are the factors affecting money management in the The study focused on determining the factors
time of COVID-19 among selected online entrepreneurs affecting money management among selected Online
in Butuan City? Entrepreneurs in Butuan City. The data collection of
i. Advantages related studies, online articles and information from
ii. Disadvantages the chosen respondents was range from October
1. What is the status of money management among 2020 until next semester with the use of qualitative
selected online entrepreneurs in Butuan City before and approach. The researchers decided to conduct
after COVID-19 happened? google forms survey questionnaires and online
2. How do they manage to procure their capital during this interviews for the safety of the people involved in the
pandemic and continue to sustain their online business? study. The 25 respondents will be identified as
Online entrepreneurs in terms of: entrepreneurs that specifically engaged in online
i. Financial needs selling within the City of Butuan.
ii. Financial goals
1. Is there a huge change in the percentage of customers
before and after COVID-19 happened?
SIGNIFICANCE OF THE STUDY

ASSUMPTIONS/ HYPOTHESIS • Online Entrepreneurs

• Business Administration Major in Financial
There is a significant relationship between the extent factors Management Students and Teaching staff
affecting money management in the time of COVID-19 and the • Future Online Entrepreneurs
level of online entrepreneurs’ financial capabilities and financial • Future Researchers
literacy in this time of pandemic. The Independent Variable both
positively and negatively affect the Dependent Variable.
 CHAPTER II
REVIEW OF RELATED LITERATURE AND STUDIES
RELATIONSHIP OF PREVIOUS STUDIES TO PRESENT STUDY
The previous studies show that the people are afraid of any incoming pandemic
outbreaks, but is also shows how entrepreneurs and business strive to adjust to the
situation. This is where the researchers study relates to the previous studies. The pandemic
is rapidly accelerating digital commerce, and is forcing businesses to be innovative in using
the modern technology and adjust to the “new normal” of entrepreneurship. People are
gradually adjusting to physical shopping to online shopping, where it is more convenient
during these times, and even when there is no pandemic. The habit of ordering online won’t
disappear even after the pandemic is over (Karwatka, 2020).
Online shopping was invented and pioneered in 1979 by Michael Aldrich in the United
Kingdom (Miva, 2011). The people have been using the internet as a medium of trading and
selling since that time, and in this time of Covid-19, people are being forced to adjust to
shopping online because of the restrictions in their respective cities or provinces. It is the
researchers’ intent to identify the factors affecting the money management of online
entrepreneurs during the time of Covid-19 in the city of Butuan. Also, with the help of
previous studies, the researchers would be able to have a deeper understanding of the
subject online entrepreneurship and its condition during the time of Covid-19.
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