Micropreneurs: Rise Up to the Challenge of the New Normal

COVID-19 pandemic has severely affected the Philippine business industry impacting the country's economy, livelihood, services, and employment opportunities. Due to many community lockdowns imposed, business establishments have been striving to recover to adapt to the "New Normal" through marketing strategy, financial resources, government support and business plan. This study aims to determine the different factors which were perceived as challenges to succeed in business at the New Normal among micro food business entrepreneurs (micropreneurs) in Metro Manila. Furthermore, it also sought to determine the perceived level of influence of the micropreneurs' personal characteristics and type of micro-food business. This used a quantitative research design with 399 respondents who were randomly chosen from its population and complete an online survey form. Findings revealed that majority of the respondents agreed that age of entrepreneur/s, their highest educational attainment, business training undergone as well as the type of micro-food business handled by them are highly influential to the rising up to success of the micro-food business. Moreover, all factors such as sustainability, profitability and stability were perceived by micropreneurs as Highly Challenging to the success of the micro-food businesses. A proposed research paradigm was also presented. It is hoped that this study may bring further knowledge to the existing book of entrepreneurs and that this may assist various groups of interested individuals or organization who are keen on understanding the ins and outs of micro-food business. Keywords: challenge, indicators, micropreneurs, New Normal, sustainability.

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Publication Details

Journal
Global Conference on Business and Social Sciences Proceeding
Published
2024-09-09
DOI
https://doi.org/10.35609/gcbssproceeding.2024.1(96)
Primary Topic
Entrepreneurship Studies and Influences
Type
article
Field-Weighted Citation Impact
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article

Micropreneurs: Rise Up to the Challenge of the New Normal

Assoc. Prof. Jessie I. Quierrez, Leo G. Alcaraz, Asst. Prof. Jennifer DG Munsayac
Global Conference on Business and Social Sciences Proceeding
Entrepreneurship Studies and Influences
article

Micropreneurs: Rise Up to the Challenge of the New Normal

Assoc. Prof. Jessie I. Quierrez, Leo G. Alcaraz, Asst. Prof. Jennifer DG Munsayac
article en

Abstract

COVID-19 pandemic has severely affected the Philippine business industry impacting the country's economy, livelihood, services, and employment opportunities. Due to many community lockdowns imposed, business establishments have been striving to recover to adapt to the "New Normal" through marketing strategy, financial resources, government support and business plan. This study aims to determine the different factors which were perceived as challenges to succeed in business at the New Normal among micro food business entrepreneurs (micropreneurs) in Metro Manila. Furthermore, it also sought to determine the perceived level of influence of the micropreneurs' personal characteristics and type of micro-food business. This used a quantitative research design with 399 respondents who were randomly chosen from its population and complete an online survey form. Findings revealed that majority of the respondents agreed that age of entrepreneur/s, their highest educational attainment, business training undergone as well as the type of micro-food business handled by them are highly influential to the rising up to success of the micro-food business. Moreover, all factors such as sustainability, profitability and stability were perceived by micropreneurs as Highly Challenging to the success of the micro-food businesses. A proposed research paradigm was also presented. It is hoped that this study may bring further knowledge to the existing book of entrepreneurs and that this may assist various groups of interested individuals or organization who are keen on understanding the ins and outs of micro-food business. Keywords: challenge, indicators, micropreneurs, New Normal, sustainability.

Global Conference on Business and Social Sciences ProceedingVol. 16(1)
Polytechnic University of the Philippines (PH)
Openalex Percentile: Top 54%
Entrepreneurship Studies and Influences
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Micropreneurs: Rise Up to the Challenge of the New Normal — Assoc. Prof. Jessie I. Quierrez, Leo G. Alcaraz, et al. · Global Conference on Business and Social Sciences Proceeding (2024) | TGRS Research Map | TGRS