Abstract:
Youth entrepreneurial intention is influenced by various factors that shape the
willingness and motivation of individuals to engage in entrepreneurial activities. The
study aims to analyse factors influencing youth entrepreneurial intention. To achieve
the research objective, the study focuses on fourth-year students pursuing only
management studies. A stratified random sampling method was used to collect two
hundred data. Based on the Multiple regression analysis, the study concludes that
capital is the most critical factor influencing entrepreneurial intentions, emphasising
the vital role of financial resources in achieving business success. It also highlights
the significance of educational programs, as academic exposure tends to foster greater
entrepreneurial ambition. Additionally, familial support is shown to enhance
motivation for entrepreneurship. In contrast, support and motivation from friends
proved to have an insignificant effect, suggesting that peer influence may not be as
pivotal. The study recommends that financial institutions should make funding more
accessible and that educational institutions should improve entrepreneurial training.
It also encourages families to support their members' business endeavours actively.
Moreover, implementing structured mentorship and networking opportunities could
help address the limited impact of peer influence. Future research should delve into
industry-specific entrepreneurship, cultural influences, and psychological factors
such as risk-taking and resilience. Longitudinal studies are particularly encouraged to
evaluate how these factors contribute to long-term business sustainability. These
insights will be valuable for policymakers, educators, and researchers in crafting
effective strategies to promote entrepreneurship and drive economic growth.
Additionally, highlighting successful entrepreneurial stories within the community
could inspire students and alleviate their apprehensions about starting a business.
