Philippine E-Journals

An Analysis on the Entrepreneurial Resilience Attitudes and Business Confidence of Selected Business Owners in Calamba, Laguna: A Predictive Approach

Gesna Lourainne Guantes | Maria Abigail Tacujan | Ramon George Atento

 

Abstract:

This research study was conducted to illustrate the Entrepreneurial Resilience Attitudes and Business Confidence of Selected business owners in Calamba Laguna using a Predictive Approach. Entrepreneurs are frequently believed as a vital asset for the economy. According to records published in 2017 of the Small Business Administration (SBA), about one-fifth of commercial enterprise startups fail in the first 12 months and about half of all company companies fail within five years. Only about one-third live on ten years or more. This descriptive study was conducted on 50 business owners in Calamba Laguna with the use of adopted and reliable survey questionnaire, consisting of five sections: 5-Resilience Measurement which are Optimism, Perseverance, Fitness, Competence, and Problem Solving. The aim of this study was to determine the level of the attitude of the respondents towards the entrepreneurial resilience and to know if there is a significant relationship on the business confidence of the respondents when group according to optimism, perseverance, fitness competence and problem solving. The study found that the business owners in Calamba Laguna mostly has the traits of optimism, perseverance, fitness, competence, and problem-solving. This only means that their level of having these attitudes is high that they can surpass the difficulties in business world. The findings in this paper, which are the 5-Resilience Measurement, the optimism, perseverance, fitness, competence, and problem-solving, along with the business confidence, are prove to be an important trait of an entrepreneurs to go forward in aiming the business success.