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Linking Entrepreneurial Competencies and Financial Risk: Pathways to Sustainable Business Growth

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  • Donald Cyndyl L. Miguel

    (BS Entrepreneurship, College of Business Administration/Agusan del Sur State College of Agriculture and Technology/Trento Campus, Trento, Agusan del Sur)

  • Rosalie C. Gemina

    (BS Entrepreneurship, College of Business Administration/Agusan del Sur State College of Agriculture and Technology/Trento Campus, Trento, Agusan del Sur)

  • Ryan Christian Tagal Bustillo

    (BS Entrepreneurship, College of Business Administration/Agusan del Sur State College of Agriculture and Technology/Trento Campus, Trento, Agusan del Sur)

Abstract

This study explores the relationship between entrepreneurial skills and financial risk tolerance among ambulant vendors operating in informal economies. Focusing on key competencies such as self-competency, risk management, and control focus, the research aims to determine how these skills influence vendors’ willingness to engage in financial risks, a vital factor for business growth and sustainability. Data collected from 152 ambulant vendors in Agusan del Sur was analyzed using Pearson’s correlation and multiple regression. The results show a strong positive correlation between entrepreneurial skills and financial risk tolerance, with self-competency emerging as the most influential factor. Higher self-efficacy entrepreneurs are more sure of handling financial uncertainty and grabbing chances. The study emphasizes the need of acquiring entrepreneurial competencies in order to improve financial decision-making and corporate resilience. It also emphasizes the importance of focused training initiatives to improve these competencies, therefore providing information for stakeholders and legislators endorsing unofficial economies

Suggested Citation

  • Donald Cyndyl L. Miguel & Rosalie C. Gemina & Ryan Christian Tagal Bustillo, 2024. "Linking Entrepreneurial Competencies and Financial Risk: Pathways to Sustainable Business Growth," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(14), pages 481-489, November.
    • Handle: RePEc:bcp:journl:v:8:y:2024:i:14:p:481-489
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    References listed on IDEAS

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    3. Greg Fisher & Regan Stevenson & Emily Neubert & Devin Burnell & Donald F. Kuratko, 2020. "Entrepreneurial Hustle: Navigating Uncertainty and Enrolling Venture Stakeholders through Urgent and Unorthodox Action," Journal of Management Studies, Wiley Blackwell, vol. 57(5), pages 1002-1036, July.
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