School

Pros and Cons of Youths launching an

Online Business during the Covid-19

Pandemic

Name

Grade
 THE PROBLEM AND ITS BACKGROUND

This includes the introduction, concept of research, research purpose, description of the

problem, and its gap.

I. Introduction & Concept of Research

Shopping online became part of the 'new normal,' it was very popular even before the

pandemic began, but it became more known to others over the last few months. This has

prompted some to open their own companies online, and most of these participants are young

entrepreneurs.

These young people are recognized for their talent and creativity in seeking ways to thrive in

the midst of a pandemic. It supports not only themselves but also the people around them, it also

unconsciously benefits our economy.

II. Research Purpose

The study aims to illustrate and clarify in more detail the pros and cons of young

entrepreneurs' experience in opening an online business in the midst of the Covid-19 pandemic.

This work would also help to know whether or not their online businesses have performed well.

III. Description of the Problem

This study focuses on the pros and cons of young entrepreneurs' experience when opening

an online business amidst the covid-19 pandemic. It aims to answer the following questions:
 1. How does the launch of an online business help these young entrepreneurs?

2. What inspired these young entrepreneurs to start up their companies, even with

the uncertainty of living during a pandemic?

3. How did these young entrepreneurs start up their company, and what made

them decide what product or service to market?

IV. Research Gap

This study focused on the pros and cons of young entrepreneurs' experience in launching an

online company in the midst of the Covid-19 during the school year, 2020-2021. Respondents to

the study are limited to a few only because of the data collection method.

The findings of this analysis are only applicable to the respondents and for the study year

only. This study focuses only on the upsides and downsides of these young entrepreneurs'

experiences.
 REVIEW OF RELATED LITERATURE

Seventeen years ago, the SARS epidemic spread quickly through China,

leaving everyone under quarantine. Today, another novel coronavirus has hit the earth and we

are facing an ongoing crisis in public health. As companies and entrepreneurs from across the

globe face enormous obstacles, COVID-19 also opens up new possibilities for entrepreneurs to

reconsider their business mechanisms as their access to talent extends beyond physical

boundaries.

While it is difficult to foresee the recurrence of the virus and the long-term effects of this

pandemic, the future of post-COVID is one where people and companies are prepared and

activated by technology. Whether it is a matter of sustaining business operations or retaining

access to basic needs, the digital economy can play a vital role in all aspects of our lives. This is

the brave new future that we will have to create together, and now is the time to inspire and

partner with entrepreneurs to help develop it.

There are many benefits to opening an online business including:

i. Everyone has access to it globally, 24 hours a day for 7 days a week.

ii. Client services are more improved because of greater flexibility employees have.

iii. Cost saving and faster delivery of products.

iv. Less paper waster which benefits the environment in much greater ways.

v. Makes business managing easier wherever the entrepreneur is in the world.

business:

i. There are certain products that are hard to get access to, therefore, the

entrepreneur should choose their products and services wisely.

ii. Inventory can be hard online especially when the entrepreneur lets a certain

application or site do it for the business leaving the data uncertain.

iii. Further research must be done before launching a product or service especially

when the product or service given is related to human health or well-being.

iv. Shipping times can be delayed and can reflect on the company’s image.
 METHODOLOGY

As stated in the title, this chapter contains the research paper's methodology. The researchers

explain the research method, data collection methods, and data gathering limitations.

I. Participants

The study respondents were either young entrepreneurs who are planning to open their

online business or young entrepreneurs who have opened their business in the last few months.

The age range of the respondents is 15-24 years old.

The respondents were selected with the knowledge of peers and acquaintances. They

were asked if they were willing to respond in advance to the questionnaire forms.

II. Instruments

The researcher collects data on selected young entrepreneurs through questionnaires that

cover 15 qualitative questions.

III. Data Gathering Procedure

This study was carried out by the (SCHOOL) researcher. The respondents were selected

between the ages of 15 and 24. The researcher then collected, analyzed, summarized, and

evaluated the data to draw conclusions on the topic.

Due to a lack of time and difficulties with socialization, the researcher had limited access

to the few respondents. There is also a lack of prior research on this topic, which is why the

researchers have created a completely new analysis. Since the data was in the form of

questionnaires, it is only self-reported data and researchers can rely only on the answers given by

the respondents to the survey.

I. Summary

This research was conducted with the intention of understanding the pros and cons of young

entrepreneurs' experience of launching an online business in the midst of the Covid-19 pandemic,

and data was collected for this study using respondents classified as young entrepreneurs. This

study refers only to the year of study, S.Y. 2020-2021. Data were collected and subsequently

analyzed as quantitative data through a qualitative survey.

II. Conclusions

The study concluded that the data collected were as follows:

i. The pandemic has provided these entrepreneurs with a new opportunity.

ii. Several factors influence a person to start an online business. It may be because of

their own hobbies and likes, or because of financial needs during these desperate

times. Social media have also been seen as a major influence.

iii. Starting an online company doesn't always lead to success, several trials have to be

undertaken to make it work as planned.

iv. Online business has made business much simpler because we are living in a

modernized era surrounded by new technology.

Wong, Brian A. “How Digital Entrepreneurs Will Help Shape the World after COVID-

19.” World Economic Forum, 4 June 2020,

www.weforum.org/agenda/2020/06/entrepreneurs-must-embrace-digital-during-pandemic-

for-society/. Accessed 4 Nov. 2020.

“Benefits of Doing Business Online | Business Queensland.” Qld.Gov.Au, 2018,

www.business.qld.gov.au/starting-business/internet-start-ups/online-basics/benefits.

Accessed 4 Nov. 2020.