MR Paper (Tara Breiding's conflicted copy 2013-12-02)
1. Courses and Education
Throughout the survey we conducted there was an array of questions regarding
the courses and overall education that past graduates received. With these questions
we are able to easily identify courses in which these students found useful or not useful,
what helped them in their careers thus far and finally what their education lacked. The
questions from the survey that most related to this objection of courses and education
would be questions 7, 29, 22, 30-1, 30-3, 30-4, 30-6. Combined these questions help to
make up a solid category of courses and education to help further explain past
graduates experiences.
Question 7 asks the respondent to choose three of the twelve areas of education in the
Barton School of Business that they feel has the most useful or relevant in their careers.
Based on this information we can gather what relevant areas seem to be the most
useful based on the highest frequency count of selections. The following is a list of
percentage
25
20
15
10
5
0
Question 7 - Frequency Comparison
Based upon these counts the respondents answers determine that Management,
Business Administration, and Finance are the top three most useful or relevant courses
that they took.
2. Q7_1 What three areas of your education in the Barton School of Business have
been MOST useful or relevant...-Accounting
Frequen
cy
Percent Valid
Percent
Cumulative Percent
Valid
checke
d
100 31.6 100.0 100.0
Missin
g
System
216 68.4
Total 316 100.0
Q7_2 What three areas of your education in the Barton School of Business have
been MOST useful or relevant...-Business Administration
Frequen
cy
Percent Valid
Percent
Cumulative Percent
Valid
checke
d
127 40.2 100.0 100.0
Missin
g
System
189 59.8
Total 316 100.0
Q7-3 What three areas of your education in the Barton School of Business have been
MOST useful or relevant...-Economics
3. Frequency Percent Valid Percent Cumulative Percent
Valid checked
57 18.0 100.0 100.0
Missing System
259 82.0
Total 316 100.0
Q7_4 What three areas of your education in the Barton School of Business have been
MOST useful or relevant...-Entrepreneurship
Frequen
cy
Percent Valid
Percent
Cumulative Percent
Valid
checke
d
60 19.0 100.0 100.0
Missin
g
System
256 81.0
Total 316 100.0
Q7-5 What three areas of your education in the Barton School of Business have been
MOST useful or relevant...-Finance
Frequen
cy
Percent Valid
Percent
Cumulative Percent
Valid
checke
d
115 36.4 100.0 100.0
Missin
g
System
201 63.6
Total 316 100.0
4. Q7_6 What three areas of your education in the Barton School of Business have been
MOST useful or relevant...-Human Resource Management
Frequen
cy
Percent Valid
Percent
Cumulative Percent
Valid
checke
d
42 13.3 100.0 100.0
Missin
g
System
274 86.7
Total 316 100.0
Q7_7 What three areas of your education in the Barton School of Business have been
MOST useful or relevant...-International Business
Frequen
cy
Percent Valid
Percent
Cumulative Percent
Valid
checke
d
25 7.9 100.0 100.0
Missin
g
System
291 92.1
Total 316 100.0
5. Q7_8 What three areas of your education in the Barton School of Business have been
MOST useful or relevant...-Management
Frequen
cy
Percent Valid
Percent
Cumulative Percent
Valid
checke
d
157 49.7 100.0 100.0
Missin
g
System
159 50.3
Total 316 100.0
Q7_9 What three areas of your education in the Barton School of Business have been
MOST useful or relevant...-Operations Management
Frequen
cy
Percent Valid
Percent
Cumulative Percent
Valid
checke
d
42 13.3 100.0 100.0
Missin
g
System
274 86.7
Total 316 100.0
Q7_10 What three areas of your education in the Barton School of Business have
been MOST useful or relevant...-Management Information Systems
Frequen
cy
Percent Valid
Percent
Cumulative Percent
Valid
checke
d
33 10.4 100.0 100.0
Missin
g
System
283 89.6
6. Total 316 100.0
Q7_11 What three areas of your education in the Barton School of Business have been
MOST useful or relevant...-Marketing
Frequen
cy
Percent Valid
Percent
Cumulative Percent
Valid
checke
d
85 26.9 100.0 100.0
Missin
g
System
231 73.1
Total 316 100.0
Q7_12 What three areas of your education in the Barton School of Business have
been MOST useful or relevant...-Real Estate
Frequen
cy
Percent Valid
Percent
Cumulative Percent
Valid
checke
d
20 6.3 100.0 100.0
Missin
g
System
296 93.7
Total 316 100.0
The next question that is relevant to the first objective is the three areas of
education that respondents who have started their own business found the most useful
or relevant in preparation to starting their first business. They may have found these
reasons more helpful based on what type of business they had started. Regardless the
responses that were given demonstrates the top three most useful or relevant courses
in preparation to starting a business are Accounting, Management and Finance,
respectively.
7. 25
20
15
10
5
Q22_1 What three areas of your education in the Barton School of Business have
been MOST useful or relevant...-Accounting
Frequen
cy
Percent Valid
Percent
Cumulative Percent
Valid
checke
d
20 6.3 100.0 100.0
Missin
g
System
296 93.7
0
Question 22- Frequency Comparison
8. 316 100.0
Q22_2 What three areas of your education in the Barton School
of Business have been MOST useful or relevant...-Business
Administration
Total
Frequen
cy
Percent Valid
Percent
Cumulative
Percent
Valid
checke
d
13 4.1 100.0 100.0
Missin
g
System
303 95.9
Total 316 100.0
Q22_3 What three areas of your education in the Barton School of Business have
been MOST useful or relevant...-Economics
Frequen
cy
Percent Valid
Percent
Cumulative Percent
Valid
checke
d
4 1.3 100.0 100.0
Missin
g
System
312 98.7
Total 316 100.0
9. Q22_4 What three areas of your education in the Barton School of Business have
been MOST useful or relevant...-Entrepreneurship
Frequen
cy
Percent Valid
Percent
Cumulative Percent
Valid
checke
d
13 4.1 100.0 100.0
Missin
g
System
303 95.9
Total 316 100.0
Q22_5 What three areas of your education in the Barton School of Business have
been MOST useful or relevant...-Finance
Frequen
cy
Percent Valid
Percent
Cumulative Percent
Valid
checke
d
15 4.7 100.0 100.0
Missin
g
System
301 95.3
Total 316 100.0
Q22_6 What three areas of your education in the Barton School
of Business have been MOST useful or relevant...-Human
Resource Management
10. Frequenc
y
Percent
Missing System 316 100.0
Q22_7 What three areas of your education in the Barton School of Business have
been MOST useful or relevant...-International Business
Frequen
cy
Percent Valid
Percent
Cumulative Percent
Valid
checke
d
3 .9 100.0 100.0
Missin
g
System
313 99.1
Total 316 100.0
Q22_8 What three areas of your education in the Barton School of Business have been
MOST useful or relevant...-Management
Frequen
cy
Percent Valid
Percent
Cumulative Percent
Valid
checke
d
16 5.1 100.0 100.0
Missin
g
System
300 94.9
11. 316 100.0
Q22_9 What three areas of your education in the Barton School
of Business have been MOST useful or relevant...-Operations
Management
Total
Frequen
cy
Percent Valid
Percent
Cumulative
Percent
Valid
checke
d
6 1.9 100.0 100.0
Missin
g
System
310 98.1
Total 316 100.0
Q22_10 What three areas of your education in the Barton School of Business have
been MOST useful or relevant...-Management Information Systems
Frequen
cy
Percent Valid
Percent
Cumulative Percent
Valid
checke
d
1 .3 100.0 100.0
Missin
g
System
315 99.7
Total 316 100.0
Q22_11 What three areas of your education in the Barton School of Business have
been MOST useful or relevant...-Marketing
Frequen
cy
Percent Valid
Percent
Cumulative Percent
Valid
checke
d
9 2.8 100.0 100.0
12. Missin
g
System
307 97.2
Total 316 100.0
Q22_12 What three areas of your education in the Barton School of Business have
been MOST useful or relevant...-Real Estate
Frequen
cy
Percent Valid
Percent
Cumulative Percent
Valid
checke
d
3 .9 100.0 100.0
Missin
g
System
313 99.1
Total 316 100.0
Q22_13 What three areas of your education in the Barton School of Business have been
MOST useful or relevant...-Other
Frequen
cy
Percent Valid
Percent
Cumulative Percent
Valid
checke
d
2 .6 100.0 100.0
Missin
g
System
314 99.4
Total 316 100.0
Survey respondents were all asked to rate the importance of entrepreneurship
topics as to how beneficial each has been to their career. These topics were all key
concepts taught within different entrepreneurship courses. These responses can help
the Entrepreneurship department to get a better understanding of the topics that past
graduates have found the most beneficial and can adapt their courses accordingly.
Below are the reponses:
13. Q29_1 Please rate the importance of the following entrepreneurship topics
as to how beneficial each has been to your career...-Product development
Frequen
cy
Percent Valid
Percent
Cumulative
Percent
Valid
1 - Very Important 50 15.8 21.2 21.2
2 39 12.3 16.5 37.7
3 48 15.2 20.3 58.1
4 41 13.0 17.4 75.4
5 - Not at all
Important
58 18.4 24.6 100.0
Total 236 74.7 100.0
Missin
g
Don't Know 18 5.7
System 62 19.6
Total 80 25.3
14. Total 316 100.0
Q29_2 Please rate the importance of the following entrepreneurship topics
as to how beneficial each has been to your career...-Feasibility analysis
Frequen
cy
Percent Valid
Percent
Cumulative
Percent
Valid
1 - Very Important 69 21.8 29.7 29.7
2 60 19.0 25.9 55.6
3 46 14.6 19.8 75.4
4 24 7.6 10.3 85.8
5 - Not at all
Important
33 10.4 14.2 100.0
Total 232 73.4 100.0
Missin
g
Don't Know 22 7.0
System 62 19.6
Total 84 26.6
Total 316 100.0
Q29_3 Please rate the importance of the following entrepreneurship topics
as to how beneficial each has been to your career...-Writing a businss plan
Frequen
cy
Percent Valid
Percent
Cumulative
Percent
Valid
1 - Very Important 67 21.2 27.9 27.9
2 49 15.5 20.4 48.3
3 53 16.8 22.1 70.4
15. 4 26 8.2 10.8 81.3
5 - Not at all
Important
45 14.2 18.8 100.0
Total 240 75.9 100.0
Missin
g
Don't Know 14 4.4
System 62 19.6
Total 76 24.1
Total 316 100.0
Q29-4 Please rate the importance of the following entrepreneurship topics
as to how beneficial each has been to your career...-Funding/financing a
business
Frequen
cy
Percent Valid
Percent
Cumulative
Percent
Valid
1 - Very Important 79 25.0 33.3 33.3
2 48 15.2 20.3 53.6
3 40 12.7 16.9 70.5
4 21 6.6 8.9 79.3
5 - Not at all
Important
49 15.5 20.7 100.0
Total 237 75.0 100.0
Missin
g
Don't Know 17 5.4
System 62 19.6
Total 79 25.0
Total 316 100.0
16. Q29_5 Please rate the importance of the following entrepreneurship topics
as to how beneficial each has been to your career...-Marketing
Frequen
cy
Percent Valid
Percent
Cumulative
Percent
Valid
1 - Very Important 85 26.9 35.0 35.0
2 73 23.1 30.0 65.0
3 43 13.6 17.7 82.7
4 18 5.7 7.4 90.1
5 - Not at all
Important
24 7.6 9.9 100.0
Total 243 76.9 100.0
Missin
g
Don't Know 11 3.5
System 62 19.6
Total 73 23.1
Total 316 100.0
Q29_6 Please rate the importance of the following entrepreneurship topics
as to how beneficial each has been to your career...-legal aspects of
business
Frequen
cy
Percent Valid
Percent
Cumulative
Percent
Valid
1 - Very Important 81 25.6 33.9 33.9
2 56 17.7 23.4 57.3
3 54 17.1 22.6 79.9
4 25 7.9 10.5 90.4
17. 5 - Not at all
Important
23 7.3 9.6 100.0
Total 239 75.6 100.0
Missin
g
Don't Know 15 4.7
System 62 19.6
Total 77 24.4
Total 316 100.0
Q29_7 Please rate the importance of the following entrepreneurship topics
as to how beneficial each has been to your career...-Franchising
Frequen
cy
Percent Valid
Percent
Cumulative
Percent
Valid
1 - Very Important 11 3.5 4.8 4.8
2 16 5.1 7.0 11.7
3 43 13.6 18.7 30.4
4 49 15.5 21.3 51.7
5 - Not at all
Important
111 35.1 48.3 100.0
Total 230 72.8 100.0
Missin
g
Don't Know 24 7.6
System 62 19.6
Total 86 27.2
Total 316 100.0
Q29_8 Please rate the importance of the following entrepreneurship topics
as to how beneficial each has been to your career...-Selling
18. Frequen
cy
Percent Valid
Percent
Cumulative
Percent
Valid
1 - Very Important 71 22.5 30.1 30.1
2 59 18.7 25.0 55.1
3 37 11.7 15.7 70.8
4 32 10.1 13.6 84.3
5 - Not at all
Important
37 11.7 15.7 100.0
Total 236 74.7 100.0
Missin
g
Don't Know 18 5.7
System 62 19.6
Total 80 25.3
Total 316 100.0
Q29_9 Please rate the importance of the following entrepreneurship topics
as to how beneficial each has been to your career...-Growing/managing a
business
Frequen
cy
Percent Valid
Percent
Cumulative
Percent
Valid
1 - Very Important 93 29.4 38.8 38.8
2 66 20.9 27.5 66.3
3 34 10.8 14.2 80.4
4 20 6.3 8.3 88.8
5 - Not at all
Important
27 8.5 11.3 100.0
Total 240 75.9 100.0
19. Missin
g
Don't Know 14 4.4
System 62 19.6
Total 76 24.1
Total 316 100.0
Q29_10 Please rate the importance of the following entrepreneurship
topics as to how beneficial each has been to your career...-Strategic
planning
Frequen
cy
Percent Valid
Percent
Cumulative
Percent
Valid
1 - Very Important 115 36.4 47.1 47.1
2 79 25.0 32.4 79.5
3 24 7.6 9.8 89.3
4 8 2.5 3.3 92.6
5 - Not at all
Important
18 5.7 7.4 100.0
Total 244 77.2 100.0
Missin
g
Don't Know 10 3.2
System 62 19.6
Total 72 22.8
Total 316 100.0
Q29-11 Please rate the importance of the following entrepreneurship topics
as to how beneficial each has been to your career...-Operations
management
20. Frequen
cy
Percent Valid
Percent
Cumulative
Percent
Valid
1 - Very Important 77 24.4 32.0 32.0
2 79 25.0 32.8 64.7
3 50 15.8 20.7 85.5
4 12 3.8 5.0 90.5
5 - Not at all
Important
23 7.3 9.5 100.0
Total 241 76.3 100.0
Missin
g
Don't Know 13 4.1
System 62 19.6
Total 75 23.7
Total 316 100.0
Question 30 asked respondents to rate the following statements in levels of agreement
with “1” being strongly agree to “5” being strongly disagree. Through these ratings the
Center for Entrepreneurship and the Barton School of Business can easily determine
areas past graduates feel strongly in. Questions 30_1 asked the respondents to rate
“My degree from the Barton School adequately prepared me to start a business.” Only
10 percent of respondents strong agreed with this statement while 6 percent disagreed.
Q30_1 How would you rate the following?-My degree from the Barton
School adequately prepared me to start a business.
Frequen
cy
Percent Valid
Percent
Cumulative
Percent
Valid
1 - Strongly
Agree
33 10.4 14.9 14.9
2 71 22.5 32.1 47.1
21. 3 76 24.1 34.4 81.4
4 21 6.6 9.5 91.0
5 - Strongly
Disagree
20 6.3 9.0 100.0
Total 221 69.9 100.0
Missin
g
No Opinion 33 10.4
System 62 19.6
Total 95 30.1
Total 316 100.0
Question 30_3 asked respondents to rate “Taking one or more entrepreneurship
courses as a student is beneficial to being a successful business professional. The
majority of this questions respondents strongly agreed with this statement.
Q30_3 How would you rate the following?-Taking one or more
entrepreneurship courses as a student is beneficial to being a successful
business professional.
Frequen
cy
Percent Valid
Percent
Cumulative
Percent
Valid
1 - Strongly
Agree
87 27.5 38.2 38.2
2 66 20.9 28.9 67.1
3 46 14.6 20.2 87.3
4 15 4.7 6.6 93.9
5 - Strongly
Disagree
14 4.4 6.1 100.0
Total 228 72.2 100.0
Missin No Opinion 26 8.2
22. g System 62 19.6
Total 88 27.8
Total 316 100.0
Question 30_4 asked respondents to rate “The entrepreneurship courses I took at WSU
sparked my interest in starting a business.” These rating were widespread across the
five options, therefore making it somewhat difficult to draw a conclusion about what the
majority of question respondents thought.
Q30_4 How would you rate the following?-The entrepreneurship courses I
took at WSU sparked my interest in starting a business.
Frequen
cy
Percent Valid
Percent
Cumulative
Percent
Valid
1 - Strongly
Agree
56 17.7 26.7 26.7
2 26 8.2 12.4 39.0
3 50 15.8 23.8 62.9
4 41 13.0 19.5 82.4
5 - Strongly
Disagree
37 11.7 17.6 100.0
Total 210 66.5 100.0
Missin
g
No Opinion 44 13.9
System 62 19.6
Total 106 33.5
Total 316 100.0
23. Q30-6 How would you rate the following?-Entrepreneurial education has
benefitted me both personally and professionally.
Frequen
cy
Percent Valid
Percent
Cumulative
Percent
Valid
1 - Strongly
Agree
53 16.8 25.0 25.0
2 52 16.5 24.5 49.5
3 56 17.7 26.4 75.9
4 28 8.9 13.2 89.2
5 - Strongly
Disagree
23 7.3 10.8 100.0
Total 212 67.1 100.0
Missin
g
No Opinion 42 13.3
System 62 19.6
Total 104 32.9
Total 316 100.0
24. Another major component of the education that Wichita State University and the
Barton School of Business offers is the Cooperative education program where students
can work for course credit and gain experience. Many students throughout campus
have taken advantage of this opportunity to build their resume and to earn a paycheck.
In addition, internships, usually unpaid, are an option that some students choose to
participate in as well. Question 10 asked respondents “Did you participate in
cooperative education or an internship while enrolled at WSU?” More students
responded with a “No” at 60% while 32% said yes. Question 11 asked respondents
“Did participating in cooperative education or an internship influence you in starting your
own business. Only 101 respondents answered, six stating “Yes” while 95 stated “No”.
Q10 Did you participate in cooperative education or an internship while enrolled at
WSU?
Frequen
cy
Percent Valid
Percent
Cumulative Percent
Valid
Yes 101 32.0 34.6 34.6
No 191 60.4 65.4 100.0
Total 292 92.4 100.0
Missin
g
Syste
m
24 7.6
Total 316 100.0
Q11 Did this participation in cooperative education or an internship influence you in
starting your own...
Frequen
cy
Percent Valid
Percent
Cumulative Percent
Valid
Yes 6 1.9 5.9 5.9
No 95 30.1 94.1 100.0
Total 101 32.0 100.0
Missin
g
Syste
m
215 68.0
25. Total 316 100.0
Creating a business
Question 24: Have you ever considered starting a for-profit business since completing
your degree from the Barton School?
Out of 254 valid responses to this question, 58% answered yes while 42% of the
participants answered no. This suggests that the majority of students’ interest in their
area of study have been stimulated since taking courses from the Barton School. The
students that answered no went ahead to question 26.
Question 25(part 1): What is the likelihood of you starting a for-profit business within the
next year?
Ranking from one to five with one being very likely to five being not at all likely, over half
of the participants ranked their likelihood at a 5. The valid percentage is 61.4 and this
was out of 132 students that participated in the survey. Number 4 came in second with
22% being second to not at all likely of starting a for-profit business within the next year.
There are many implications we can consider when analyzing these results. Though
there are a high percentage of students not at all likely to start up a for-profit business,
that does not necessarily mean that they don’t want to. Students may not have financial
resources, for example or may simply not have the time to start a new risky venture.
This also may be the reasons as to why they are not at all likely to pursue this task. No
matter what the reason might be, though these results tell us that the majority of
students are not going to start up a for-profit business within the next year.
Question 25 (part2): What is the likelihood of you starting a for-profit business within the
next two years?
With the same procedure from part one, the results of this question came out a little
more distributed. Students still ranked 5 as their main choice, but it was only 36% that
answered this as their likelihood. There were still 132 students that participated in this
part of the question and there were still less than 5% of students saying that they are
very likely to start up a for-profit business. The numbers 3 and 4 were very close in
percentages, however with 23% of students ranking this question as a 3, and 21%
going with the number 4 rank. 16% of students ranked 2nd to very likely to start up a for-profit
business. It is interesting to see how an extra year makes a difference of the
percentages of likelihood increasing. These percentages imply that the more time that is
given, the more likely students are in starting a business. Knowing this information can
help the Barton School prepare students better in planning since the results imply that
26. time is crucial in being successful in starting a for-profit business. Regardless of the
inferences, however the results still show that most students are still not at all likely to
start a business within the next two years.
Question 26: What challenges and/or difficulties do you perceive in starting a business?
Please check all that apply for you:
1. I do not see any challenges: 1%
2. I don’t know how/ Not enough expertise: 17%
3. Not enough time: 23%
4. I have family responsibilities: 22%
5. Do not want to take the risk/ Afraid to fail: 30%
6. Comfortable with my current job: 34%
7. No access to capital/ Lack of resources: 38%
8. I have no business ideas worth pursuing: 22%
9. Starting a business does not interest me: 13%
Out of 316 students, 38% of them personally believe lacking access to capital and/or
lacking resources is what makes pursing a business challenging. Knowing this
information can help the Baron School prepare students when their future finances so
they don’t feel as intimidated when the money comes into play. The Barton School can
also help prepare students with the knowledge of what resources they have available to
them so they aren’t limited when wanting to pursue a business. The second largest
response regarding percentages is that students are already comfortable with their
current jobs and do not see a need to pursue a business.
Owning A Business
To get a better positioning on the respondents from the survey, we wanted to
know more about the first business and why they were no longer involved in the
business if that were the case. To do this we looked at the data from questions Q17,
Q20, Q21, and Q22 which gave them the option of including a statement which would
explain their obstacles that were faced during the span of their first business. We as
entrepreneurs sometimes learn best from our mistakes. Having the first business being
successful and still in business is a great success, but is always great to know what
obstacles may come our way so that we can be well prepared as to be knowledgeable
in overcoming them.
27. We asked questions that required a "Yes" or "No" answer, the directness gave us
the response need to determine where to send them next that would allow us to partake
further into their history with their business. Other questions had a drop-down box with
selections of different industries that their business may have a part of. Some of the
questions gave the option for them to leave a statement that would best answer the
questions, since there could be no definite way of providing a selection of answers that
may define their personal experiences with their business.
Q17 How long have or did you own your first business? __xx__years
Frequency Percent Valid Percent Cumulative
Percent
0 1 0.3 2.9 2.9
1 12 3.8 35.3 38.2
2 6 1.9 17.6 55.9
3 8 2.5 23.5 79.4
4 (valid) 1 0.3 2.9 82.4
7 1 0.3 2.9 85.3
8 4 1.3 11.8 97.1
9 1 3 2.9 100.0
Total 34 10.8 100.0
Missing
System
Total
282
316
89.2
100.0
28. From asking Q17 we can see if the participants in the survey(alumni), used their
knowledge to pursue their own business. If they utilized their expertise for a career as
an entrepreneur and if it was a career path that they stuck with or they went on to follow
other endeavors. It is known that with any degree that a student completes is not always
the career path the individual embarks on. The use of the knowledge may be used
though in a different career field to further their role in the business or industry they
pursue.
What we were able to fin out in Q17 is that out of the 316 alumni that answered
to the survey, 34 of the alumni from the School of Entrepreneurs actually attempted to
opened their own businesses after the completion of their degree. That is 10.75% of
those surveyed. The statistics showed that out of the 316 surveyed, 284 of the alumni
did not answer Q17. That is 89.25% of the alumni that did not choose to open their own
business as a graduating entrepreneur.
Now that we know the amount of alumni that actually opened up a business after
teh completion of their entrepreneurial degree, we wanted to further investigate and
determine out of the 34 individuals, or 10.75%, that answered yes to Q 17, we ask;
Q20 Are you still involved with the first business that you created?
Again we are able to get 34 respondents from the survey which shows us that
the questions were easy to follow and were leading as intended. This again is a direct
question that will give us a good perception for their answers. In this case out of the 34
alumni that answered whether or not they were still involved with their first business, we
were able to determine the following;
Frequency Percent Valid Percent Cumulative
Percent
Yes (valid) 28 8.9 82.4 82.4
No 6 1.9 17.6 100.0
Total 34 10.8 100.0
Missing
System
Total
282
316
89.2
100.0
29. As the table reads, out of the 34 alumni that answered "Yes" to Q17, Q28 of the
34 or 82.4% answered "Yes" to Q20, informing us that they were still involved with their
first business. This is a good percentage, and notifies us that the alumni that are still
involved in their first business are knowledgeable and successful in keeping their
business operating.
There were six of the alumni that did answer "No" to Q20, signifying 17.6% of
those that opened a business were no longer in operations with that business.
Of the 34 that answered Q17 and 20, we were able to direct them to the next
question to find out a littler bit more of their business venture. Those who answered
"Yes" to Q20 were directed to go to Q22, and for those who answered "No" were
directed to Q21.
The one thing that could have been asked to further dwell into the question,
would be to ask "How are you involved in your first business?" I believe that this would
open up further questions to informing us what classes may have helped in their current
positions with their first business. As you may have noticed form the bold lettering of
"first business," we are wanting to only know the results of the first business the
graduates embarked on. This cold have been a question that could have been asked to
further dwell on the success of their degree that led them to partaking into another
business venture and how they were able to learn from their first business.
After finding out how many of the alumni were still involved in their first business,
we wanted to find out what the reason may have been for the six that answered "No."
This was what they were asked;
Q21 Why are you not involved with your first business any longer?
1 The business was sold. / I was bought out.
2 The business failed to generate enough profit in order to continue
operations.
3 The business no longer excited me.
4 I transitioned leadership to another individual.
5 Other___Q21_Text___(Go to Q22)
As this may be a hard question to sum up with just a few answers, we gave the
option for those questioned to leave an answer in their own words. They did this simply
by selecting the Text option or answer #5.
30. Frequency Percent Valid
Percent
Cumulative
Percent
The Business failed to generate
enough profit in order to continue
operations.
3 0.9 50 50
The business no longer excited
me. (valid)
1 0.3 16.7 16.7
Other 2 0.6 33.3 33.3
Total 6 1.9 100 100.0
Missing System 310 98.1
Total 316 100.0
The table only shows #2, #3, and #5, because those were the only ones that
were selected from the six that answered Q21. Based on graph above, the main reason
the individuals were no longer involved in their first business was because the business
failed to generate a profit to continue operations any further. This was the answer for
three of the individuals, or 50% of those who answered "No" to Q20. One entrepreneur
informed us that they were no longer excited by the business that they had created.
This is usually the reason why we as entrepreneurs embark on a business, we set out
to challenge ourselves with the business because we are interested in what we can
achieve and what revenue we can generate from the business. If the business no longer
excites you, the likelihood of the business succeeding begins to fade. Two of the 6
answered "Other," which is explained in the graph below.
Q21 #5 Other___ Text___
Frequenc
y
Percent Valid Percent Cumulative
Percent
314 99.4 99.4 99.4
31. Moved to
another state,
new job does not
allow freelance
work on the side.
(valid)
1 0.3 0.3 99.7
The crash of
2008 stifled our
growth.
1 0.3 0.3 100.0
Total 316 100.0 100.0
Of the two respondents from Q21 #5, the two reasons that were provided to us
were;
Moved to another state, new job does not allow freelance work on the side.
The crash of 2008 stifled our growth.
This shows us that one of the respondents decided to pursue another career
path other than the entrepreneurial business they had decided to open, to work for their
self. This could indicate that their expertise was better used in another business that
possibly generated more income for them rather than owning and operating their own
business.
As many business failed do to the economic crash of 2008, so has that of our
entrepreneur alumni. Thousands in the US lost their businesses and jobs due to the
economic crash in 2008 that lead to the trillions of dollars in building a recovery and
bank bailouts for our nation. We still today feel the aftermath of the crash in 2008.
In the survey, Q20 lead those who answered "Yes" to go to Q22, and those who
answered Q21 continued on to answer Q22, staying on path in the survey. This
question is asking what was helpful to those who opened their own business. This is
helpful in understanding what other entrepreneurs students in the future may need to
know more of, how professors can elaborate more on these areas of study so that the
next generation of entrepreneurs could prepare themselves for future objectives.
32. Q22 What three areas of your education in the Barton School of Business have
been MOST useful or relevant in preparing you to start your first business? (CHOOSE
THREE)
Q22_1 Accounting
Q22_2 Business Administration
Q22_3 Economics
Q22_4 Entrepreneurship
Q22_5 Finance
Q22_6 Human Resource Management
Q22_7 International Management
Q22_8 Management
Q22_9 Operations Management
Q22_10 Management Information Systems(MIS)
Q22_11 Marketing
Q22_12 Real Estate
Q22_13 Other__Q22_13Text__(Go to Q23)
This question takes into account the 292 of the individuals who answered "Yes"
to Q13 Have you started a for-profit business since graduating from the Barton
School in which you were whole or partial owner?
Those who answered "No" were directed to Q24.
In this question we are able to see what topics were most useful to them in their
entrepreneurial venture in their first business. The choices are that of the degrees
offered in the Barton School of Business. This is useful to the Barton School so they can
see where to focus more emphasis on to future students as to what may help them
when pursuing an entrepreneurial career path, also to see what areas of the school may
need more push for better educating students in the school.
Q22_1 What three areas of your education in the Barton School of
Business have been MOST useful or relevant ...- Accounting
33. Frequency Percent Valid Percent Cumulative
Percent
Valid Checked 20 6.3 100.0 100.0
Missing System 296 93.7
Total 316 100.0
Q22_2 What three areas of your education in the Barton School of Business have
been MOST useful or relevant ...- Business Administration
Frequency Percent Valid Percent Cumulative
Percent
Valid Checked 13 4.1 100.0 100.0
Missing System 303 95.9
Total 316 100.0
Q22_3 What three areas of your education in the Barton School of Business have been
MOST useful or relevant ...- Economics
Frequency Percent Valid Percent Cumulative
Percent
Valid Checked 4 1.3 100.0 100.0
Missing System 312 98.7
Total 316 100.0
34. Q22_4 What three areas of your education in the Barton School of Business have been
MOST useful or relevant ...- Entrepreneurship
Frequency Percent Valid Percent Cumulative
Percent
Valid Checked 13 4.1 100.0 100.0
Missing System 303 93.9
Total 316 100.0
Q22_5 What three areas of your education in the Barton School of Business have been
MOST useful or relevant ...- Finance
Frequency Percent Valid Percent Cumulative
Percent
Valid Checked 15 4.7 100.0 100.0
Missing System 301 95.3
Total 316 100.0
Q22_6 What three areas of your education in the Barton School of Business have
been MOST useful or relevant ...- Human Resource Management
Frequency Percent Valid Percent Cumulative
Percent
Valid Checked 0 0
35. Missing System 316 100.0
Total 316 100.0
Q22_7 What three areas of your education in the Barton School of Business have
been MOST useful or relevant ...- International Business
Frequency Percent Valid Percent Cumulative
Percent
Valid Checked 3 0.9 100.0 100.0
Missing System 313 99.1
Total 316 100.0
Q22_8 What three areas of your education in the Barton School of Business have
been MOST useful or relevant ...- Management
Frequency Percent Valid Percent Cumulative
Percent
Valid Checked 16 5.1 100.0 100.0
Missing System 300 94.9
Total 316 100.0
Q22_9 What three areas of your education in the Barton School of Business have
been MOST useful or relevant ...- Operations Management
36. Frequency Percent Valid Percent Cumulative
Percent
Valid Checked 6 1.9 100.0 100.0
Missing System 310 98.1
Total 316 100.0
Q22_10 What three areas of your education in the Barton School of
Business have been MOST useful or relevant ...- MIS
Frequency Percent Valid Percent Cumulative
Percent
Valid Checked 1 0.3 100.0 100.0
Missing System 315 99.7
Total 316 100.0
Q22_11 What three areas of your education in the Barton School of
Business have been MOST useful or relevant ...- Marketing
Frequency Percent Valid Percent Cumulative
Percent
Valid Checked 9 2.8 100.0 100.0
Missing System 307 97.2
Total 316 100.0
37. Q22_12 What three areas of your education in the Barton School of
Business have been MOST useful or relevant ...- Real Estate
Frequency Percent Valid Percent Cumulative
Percent
Valid Checked 3 0.9 100.0 100.0
Missing System 313 99.1
Total 316 100.0
Q22_13 What three areas of your education in the Barton School of
Business have been MOST useful or relevant ...- Other__
Frequency Percent Valid Percent Cumulative
Percent
Valid Checked 2 0.6 100.0 100.0
Missing System 314 99.4
Total 316 100.0
Q22_13Text What three areas of your education in the Barton School of
Business have been MOST useful or relevant ...- Other_Text
Frequency Percent Valid Percent Cumulative
38. Percent
314 99.4 100.0 99.4
Business Law 1 0.3 99.7
Insurance Risk
Management
1 0.3 100.0
Total 316 100.0
Results from the tables indicated that the three areas of education that were
most relevant and useful in starting their first business were; in order of highest picked:
Accounting (20 picks)
Management (16 picks)
Finance (15 picks)
Entrepreneurship/ Business Administration (13 picks)
Marketing(9 picks)
Operations Management (6 picks)
Economics (4 picks)
International Business/ Real Estate (3 picks)
Other/Text (2 picks)
Management Information Systems (1 pick)
Human Resource Management (0 picks)
39. One of the main objectives of the survey was to find and understand if the
respondents had ever owned their own business. Multiple questions on the survey
asked the number of respondents whether or not they had ever owned a business. Out
of those questions they were directly asking how many businesses had the respondents
started while attending the Barton School of Business, the age in which the they were
when they started their own business after graduating and in what year was it when
they started their own business after graduating from the Barton school of Business.
With these questions being asked in the survey, it allows us to identify the approximate
number of respondents that have actually owned their own business since graduating
from the Barton School.
Q13) Have you started a for-profit business since graduating from the Barton School in
which you were whole or partial owner?
Having the ability to understand how many students who graduated from the Barton
School and that have started a for-profit business is an important topic of the survey.
Being informed on this question is important because it helps us identify if the Barton
School should focus their curriculum more towards informing students on for-profit
business strategies as opposed to just a general “owning your own business” strategy.
This question aids in tying the survey together in the fact that in leads into further direct
questioning about owning your own business.
The results below show that out of 316 respondents majority said that they have not
started a for-profit business since graduating from the Barton School. Leaving only a
small 11.4 percent saying that they did in fact start a for-profit business.
Frequency Percentage Valid Percent Cumulative
Percent
Yes 36 11.4 12.3 12.3
Valid No 256 81.0 87.7 100.0
Total 292 92.4 100.0
Missing
System
Total
24
316
7.6
100.0
40. Q14) How many businesses have you started since the completion of your degree from
the Barton School at WSU?
Question 14 is important to this survey in a sense that it gives marketers an
understanding of how many businesses students from the Barton School at WSU on
average started since obtaining their degree. Having this question follow question 13
helps the respondents to be able to collectively make a mental list of what type of
business they started but also how many. In order for marketers to know how many
businesses the recent graduates have had we need to know whether or not they were
whole or partial owners of a business.
Frequency Percentage Valid Percent Cumulative
Percent
0 1 .3 2.9 2.9
1 25 7.9 73.5 76.5
Valid 2 7 2.2 20.6 97.1
3 1 .3 2.9 100.0
Total 34 10.8 100.0
Missing
Systems
Total
282
316
89.2
100.0
Q15) How old were you, in years, when you started your first business after graduating?
Question 15 correlates with question 16. Although they are two separate questions I
believe it would have made more sense to word them together in the same question.
For the reason that it would be one less question for the respondents to answer and for
the simple fact that, years of age and in what year correlate. Plus it would save both the
marketers and the surveyors time in creating and completing the survey. The tables
below indicate that majority of the respondents that started their first business after
41. graduating were the either the age 22 or 25. As for the year in which the majority of the
respondents started their first business after graduating was this recent year, 2013.
Q15)
Frequency Percentage Valid Percent Cumulative
Percent
20 1 .3 2.9 2.9
21 1 .3 2.9 5.9
22 4 1.3 11.8 17.6
23 1 .3 2.9 20.6
24 3 .9 8.8 29.4
25 4 1.3 11.8 41.2
26 3 .9 8.8 50.0
27 1 .3 2.9 52.9
28 1 .3 2.9 55.9
Valid 29 3 .9 8.8 64.7
30 2 .6 5.9 70.6
31 1 .3 2.9 73.5
32 3 .9 8.8 82.4
33 1 .3 2.9 85.3
38 1 .3 2.9 88.2
39 1 .3 2.9 91.2
40 2 .6 5.9 97.1
46 1 .3 2.9 100.00
42. Total 34 10.8 100.0
Missing
System
Total
282
316
89.2
100.0
Q16) In what year did you start your first business after graduating from the Barton
School?
Frequency Percentage Valid Percent Cumulative
Percent
Vaild 0 1 .3 2.9 2.9
1 1 .3 2.9 5.9
5 1 .3 2.9 8.8
9 1 .3 2.9 11.8
22 1 .3 2.9 14.7
2003 1 .3 2.9 17.6
2005 2 .6 5.9 23.5
2006 1 .3 2.9 26.5
2007 4 1.3 11.8 38.2
2009 1 .3 2.9 41.2
2010 5 1.6 14.7 55.9
2011 2 .6 5.9 61.8
2012 6 1.9 17.6 79.4
2013 7 2.2 20.6 100.0
Total 34 10.8 100.0
43. Missing
System
Total
282
316
89.2
100.0
Q19) In what industry did you start your first for-profit business after graduating?
For gathering information about when our respondents first started their business,
knowing what type of industry they choose is rather vital when collecting data pertaining
to the topic on hand. With the information we received from our respondents we can
clearly identify that the majority of our respondents chose other services. With having
the most number of respondents choose this industry, we can also see it has the
highest valid percent at 44.1 percent. This information tells the marketers that with the
graduates from the Barton School the field that tends to be growing the most is in fact in
other services.
Q19)
Frequency Percent Valid Percent Cumulative
Percent
Construction 2 .6 5.9 5.9
Manufacturing 1 .3 2.9 8.8
Wholesale Trade 2 .6 5.9 14.7
Retail Trade 2 .6 5.9 20.6
Transportation
and Warehousing
1 .3 2.9 23.5
Information and
Communication
Services
2 .6 5.9 29.4
Finance,
insurance, and
Real Estate
4 1.3 11.8 41.2
Professional,
Scientific, and
Technical
2 .6 5.9 47.1
44. Services
Health Care and
Social Assistance
1 .3 2.9 50.0
Accommodation
and Food
Services
2 .6 5.9 55.9
Other Services 15 4.7 44.1 100.0
Total 34 10.8 100.0
Missing Systems
Total
282
316
89.2
100.0
Q25) What is the likelihood of you starting a for-profit business within the next year?
This question is a good indication for when marketers can expect a trend from students
from the Barton School at WSU as to when they plan on starting a for-profit business.
Having this information readily available and understanding the time frame is a great
way for marketers to identify when to see a growth in for-profit businesses. I believe this
question alone not only puts all the other questions about when the respondents plan on
starting their own business, but it also gives us a rough estimate as to when we should
be seeing an increase in for-profit businesses. The results of the tables below clearly
state that within the next year 81 of the respondents said they do not plan on starting a
for-profit business, which is a strong valid 61 percent. For the question asking what is
the likelihood of you starting a for-profit business with the next two years can be
identified as the same result, however the valid percentage of the respondents is almost
half of that of the first question. If this trend stays consistent marketers can use this
information and visualize that the respondents may not start a for-profit business in the
first two years, but possibly shortly after.
Q25)
Frequency Percent Valid Percent Cumulative
Percent
1 –Very Likely 3 .9 2.3 2.3
2 5 1.6 3.8 6.1
45. 3 14 4.4 10.6 16.7
Valid 4 29 9.2 22.0 38.6
5- Not at all
Likely
81 25.6 61.4 100.0
Total 132 41.8 100.0
Missing
System
Total
184
316
58.2
100.0
Q25_2) What is the likelihood of you starting a for-profit business within the next two
years?
Frequency Percent Valid Percent Cumulative
Percent
1- Very Likely 4 1.3 3.0 3.0
2 22 7.0 16.7 19.7
3 30 9.5 22.7 42.4
Valid 4 28 8.9 21.2 63.6
5- Not at all
Likely
48 15.2 36.4 100.0
Total 132 41.8 100.0
Missing
System
Total
184
316
58.2
100.0