Benefits of Having a Small Business While Taking Abm Strand

Abstract

INTRODUCTION

Accountancy, Business, and Management students are expected to be future entrepreneurs who are skilled in handling business. As observed, many students sell retailed goods inside the school to financially support their studies. This study aimed to identify the advantages of having a small business while taking up ABM.

METHODS

This research focused on the significant experiences of respondents about handling business while studying ABM. Purposive sampling was used to focus on the particular characteristics of this group of respondents. The respondents were composed of 6 grade eleven students and 6 grade 12 students from General Mariano Alvarez Technical High School. Half of each group own a small business and the other half do not. The researchers used a questionnaire to gather information.

RESULTS

Most of the students stated that having a small business while studying give them advanced knowledge of business and they can support their studies financially. Their experiences in selling gave them ideas on how to manage their future businesses and cope with the trends. Those students who preferred to have no business while studying stated that they can simply focus on their studies and perform school-related activities.

DISCUSSIONS

Both groups of respondents have advantages on their chosen path. However, handling businesses while still studying could give students the first-hand experience of their lessons. This gave them simple know-how in the field of entrepreneurship. Parents are also encouraged to support their children in their business endeavors.