Name (Optional):__________________ Directions: Please select only five (5) options from the list
Age: ___________________________ below and rank the chosen items based on the challenges you
Signature: _______________________ find most difficult.
Directions: 5. In terms of challenges, what is the most challenging
Please read every question carefully and select the answer aspect of starting a new venture?
that best describes your experience in our research study
entitled “Triumphs and Struggles Encountered by Teenagers Raising capital :☐ 1 ☐ 2 ☐ 3 ☐ 4☐ 5
in Starting a Business: A Mixed-Methods Study.” Rest
assured that all responses will be kept confidential and will Finding the right suppliers: ☐ 1 ☐ 2 ☐ 3 ☐ 4 ☐ 5
be used for academic purposes only.
Dealing with fear of failure: ☐ 1 ☐ 2 ☐ 3 ☐ 4 ☐ 5
SOP 1 Current economic climate: ☐ 1 ☐ 2 ☐ 3 ☐ 4 ☐ 5
1. In terms of risks, which is the biggest risk that your Keeping up with market trends: ☐ 1 ☐ 2 ☐ 3 ☐ 4 ☐ 5
business has encountered?
(Please choose one only.) Cash flow and financial management: ☐ 1 ☐ 2 ☐ 3 ☐ 4 ☐ 5
Finding the right business idea: ☐ 1 ☐ 2 ☐ 3 ☐ 4 ☐ 5
☐ Financial ☐ Competitive ☐ Political
☐ Economic ☐ Technological Business location: ☐ 1 ☐ 2 ☐ 3 ☐ 4 ☐ 5
Others(Please Specify): ___________
Finding good employees: ☐ 1 ☐ 2 ☐ 3 ☐ 4 ☐ 5
2. How did you manage those risks?
(You may choose more than one.) Dealing with competition: ☐ 1 ☐ 2 ☐ 3 ☐ 4 ☐ 5
High cost of raw materials: ☐ 1 ☐ 2 ☐ 3 ☐ 4 ☐ 5
☐ Focus ☐ Self-belief ☐ Strong commitment ☐ Teamwork
Others(Please Specify): ___________ Complex government rules and regulations: ☐1 ☐2 ☐3 ☐4
3. How did you manage to conquer your fear of failure? ☐5
(You may choose more than one.)
Other (please specify): ___________________
☐ Acknowledged fear ☐ Stayed productive ☐ Set clear goals
☐ Followed passion
Others(Please Specify): ___________
6. How much were you afraid of failure when you first
4. What is the single most important reason for your
started your own venture?
success?
(Please choose one.)
☐ Very concerned
☐ Fairly concerned
☐ Good product/service ☐ Positive mindset ☐ Mentor
☐ Somewhat concerned
support ☐ Experience ☐ Cash management ☐ Risk control
☐ Not concerned
Others(Please Specify): _____________________
SOP 2
1. What motivated you to start your own venture?
(You may choose more than one.)
☐ Desire to pursue a business idea
☐ I have the skills for the business
☐ Want to be my own boss
☐ Financial ambition
☐Took advantage of a business opportunity
☐ No alternative income source
☐ Unemployed at the time
☐Invited to manage someone else's business
☐ Inherited a family business
2. How did you finance your business at the start?
(You may choose more than one.)
☐Bank loan
☐ Personal investors / partnership
☐ Personal savings
Other (please specify):____________
3. What has been your most effective source of financing over
the years?
(Please choose one.)
☐ Personal savings only
☐ Bank loans only
☐Support from friends and relatives
4. From your point of view, how important is a business plan
for an entrepreneur?
☐ Very important
☐ Quite important
☐ Fairly important
☐ Slightly important
☐ Not all important
7. Likert Scale Statements 1. How would you rate the support from family and friends?
SCALE: (1 – Very Low | 2 – Low | 3 – Medium |
4 - Strongly Agree 4 – Substantial | 5 – Very Substantial)
3 - Agree
2 - Disagree ☐1 ☐2 ☐3 ☐4 ☐5
1 - Strongly Disagree
2. Does your level of educational attainment affect your
success in business?
☐ Yes ☐ No
STATEMENT 4 3 2 1
Please explain briefly (optional):
Capital is the biggest business
problem of entrepreneurs.
Financial issues are the most
challenging in business
It is important for young
entrepreneurs to have someone
who guides them
Considering other people's ideas is
a huge help in business
My expenses are higher than my
earnings.
I have many competitors in our
barangay
Lack of family support is a common
problem of young business owners.
SOP 3
STATEMENT 4 3 2 1
1. I believe I have a balance between
my professional and personal life.
2. Work often dominates my
personal life
3. Bank loans have been helpful for
financing
4. My startup takes time away from
hobbies and rest
5. I can mentally disconnect from
work after hours.
6. I experience stress related to
professional responsibilities
7. I feel professionally burned out
8. I have enough time for recovery
and sleep
9. My startup gives me a sense of
meaning and fulfillment