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    ECNS Wire

    College entrepreneurship impeded by lack of funds: survey

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    2015-05-20 09:37Ecns.cn Editor: Mo Hong'e

    (ECNS) - Sixty percent of college students have considered establishing their own businesses, yet slightly more than 10 percent have achieved that goal, according to a survey.

    A research team from Hangzhou Dianzi University sampled 1,500 students from about 10 universities located in Hangzhou, East China's Zhejiang province.

    Some 88.73 percent of college students are deterred by a lack of funds, which is the leading constraint to college entrepreneurship.

    Other difficulties include a personal lack of competitiveness (68.73 percent), conflicts with school (52.73 percent), ignorance of legal regulations (50.91 percent), and lack of social connections (47.64 percent).

    For college entrepreneurship, the most attractive businesses are social services (24.73 percent), science and technology services (20.36 percent), and the catering industry (17.82 percent).

    The survey also shows that some 42.55 percent of college students would like to follow their personal interests into entrepreneurship, while 35.27 percent are willing to let the market decide their direction.

    "It's better to employ than be employed," said Wang Qianqian, a student from Zhejiang International Studies University. "Entrepreneurship brings more opportunities. We can learn more, and it's more meaningful."

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