Entrepreneurial Intentions Millennial Generation in North Sumatera: A Case Study at HIPMI Medan City

Abstract

Entrepreneurial intentions play an important role in directing one's actions to enter the business world by connecting the considerations that are believed and desired by the entrepreneur. Entrepreneurial intentions can be seen by using indicators of feeling happy in entrepreneurship, readiness for entrepreneurship, considerations for entrepreneurship and entrepreneurship decisions. As for things that can influence entrepreneurial intentions are demographic elements (gender, age, education and parental background), personality elements (need for achievement, locus of control, and self-efficacy), contextual elements (access to capital, networks, information). The purpose of this study was to analyze the influence of demographic elements, personality elements, and contextual elements. The approach used in this research is descriptive with mixed method (Mixed Method). This research method is mixed method (Mixed Method) with purposive sampling technique. Questionnaires, interviews, and observations are the data collection methods used in this research. The subjects in this study were 50 millennial entrepreneurs of Minang and Chinese ethnicity who were registered in Medan City. From 50 people, 4 people were selected as informants to be interviewed. The instrument used is a questionnaire on entrepreneurship intentions in the city of Medan and interview guidelines as complementary data. The questionnaire instrument was distributed through a google form and interviews were conducted face-to-face and via online (videocall). The results showed that personality elements (need for achievement, locus of control, and self-efficacy) had an effect on the entrepreneurial intentions of the Minang and Chinese tribes in Medan City. Contextual elements (Capital Access, Relationships and Ease of obtaining information) affect the entrepreneurial intentions of the Minang and Chinese tribes in Medan City.