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

Donald Cyndyl L. Miguel, Rosalie C. Gemina and Ryan Christian Tagal Bustillo
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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

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 14, 481-489

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

Date: 2024
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