Basically, an individual needs to learn and sharpen his or her entrepreneurial skills in order to become a successful entrepreneur. Besides, an individual also must have a good personal qualities that are demanded to become a successful entrepreneur. The examples of the entrepreneur traits are full of determination, not afraid to take risk, high level of confidence, craves learning, understands failure is the part of the game, highly adaptable, good understanding of money management, expert in networking, ability to sell and promote. In fact, there are lot of entrepreneur traits that are available that can lead an individual to become a successful entrepreneur. In addition, this kind of entrepreneur traits are the main value that need to be learned, followed and applied by each individual in order to become a successful entrepreneur. This entrepreneur traits can be classified as most essential element that differ the difference between the successful entrepreneur and the ordinary entrepreneur. This is because most of the successful entrepreneurs in the world do practice and applied at least one entrepreneur that had been listed above. Thus, without any doubt, each individual or entrepreneur needs to learn and apply the selected entrepreneur traits in order to achieve success in the entrepreneurial field.
“If you’re not a risk taker, you should get the hell out of business.” - Ray Kroc, founder of McDonald’s
Showing posts with label ASSIGNMENT. Show all posts
Showing posts with label ASSIGNMENT. Show all posts
Wednesday, 2 December 2015
TASK B :A SUCCESSFUL ENTREPRENEUR (DATUK WAN MUHAMMAD SANI SALLEH)
PART B
THE CHARECTERISTICS OF A SUCCESSFUL ENTREPENEUR
Datuk Wan Mohammad Sani Salleh
Successful entrepreneurs in Malaysia Datuk Wan Mohammad Sani Salleh. He hails from Kuala Ibai, Kuala Terengganu. He was born on July 24, 1976 (39 years old). He was the fourth child of six siblings. He held the position of Managing Director Sani United Sdn Bhd (Sani Express Sdn Bhd, Sani Properties Sdn Bhd and Sani Hotel Sdn Bhd). He was educated at Sunway College in 1994 in Diploma in Business Management. Various achievements made by her that was conferred Indera Mahkota Pahang (DIMP) which carries the title Datuk by the Sultan of Pahang, Sultan Ahmad Shah (June 2009) and the Outstanding Entrepreneur Award Malays Chamber of Commerce Malaysia (DPMM) Kuala Lumpur in April, 2009.
ENTREPRENEURIAL TRAITS .
ENTREPRENEURIAL TRAITS .
1 : Visionary
To succeed is not an easy thing. Various barriers and obstacles that need to be addressed by him to ensure that this is successful. He was the owner of the bus operation is known to many of Sani Express under the operating company, Sani United Sdn Bhd (SUSB). He started with open repair workshops in places like Kuala Lumpur and Terengganu and so on to try business in the field of transportation such as bus, which has always been an interest. During his student days studying in Kuala Terengganu and his family were in Kampung Baru, Kuala Lumpur. When the opportunity to return to Kuala Lumpur he chose the bus as transportation. When he was 35 years old, this young man already has everything. He already has a luxury bungalow worth RM9 million. In fact, he also has a Ferrari F360 Maders worth RM1 million. Business carried on by him this has yielded millions of ringgit. He also has his own building as a center of business operations with the purchase and renovation costs reaching up to RM7 million. In 2009, he already has 25 buses that are all being double-decker bus. Who has never heard the name of Sani Express. Sani Express bus already have a destination to 'East Coast' already and now are heavily exploring destinations to Alor Setar in the north.
2 : Open risk taker
Before engaging in this business field, he is a model, singer and actor. In fact, he was also a group of Impression with Norman Hakim and Eizlan Yusof. Despite his young age, but so Datuk Wan Mohammad Sani has been holding numerous accolades including Young Entrepreneurs, which is crowned by the award Traders and Entrepreneurs Association of Malaysia (Perdasama). In fact, he considered the young generation in the business world today. At this young age he already has his own company and in business start-ups, she has only one employee, but now he only has approximately 200 employees and had only a small office in Falcon Prime, now he is already three-story house named Dato 'Sani in Klang Sentral. The house is also equipped with various facilities such as dormitories, prayer and education centers. In addition, all operations performed in Sani Express ticket counter in each state will be watched live via closed circuit television cameras may be beamed directly to the guest house. Thus, in 2006, Sani Express bus was traveling on the road and this business is growing to this day.
3 : PROACTIVE
There goes a saying: “To be a good speaker, you have to be a good listener.” To change it in order to improve it, for those startup entrepreneurs who are still working for some boss, we say that working genuine under somebody’s leadership will make you a better conductor to company.
As Eric Ries says in The Lean Start-Up, “Entrepreneurship is a kind of management” ( Ries, E. 2011. The lean startup). Proactive qualities are found in a entrepreneur who has insights about their employees, someone who has walked through that path before.If you have gone through something unfair in organization, do not end up doing this injustice to your employees.You will be hiring people to assist you and you need to give them the space and to cause them to feel less worried, upset, and frightened by valuing their suggestions. Do not be the boss you’ve always been a strong feeling of dislike by your employees.Beside, you can only be appreciative of this when you have experiecing something from all the bosses you have worked for. No boss is ignorable.Cribbing about bosses is easy but learning from them is not like what we see and hear. While some give lessons about loads of tricks of the trade, some end up being the role models of what not to be.
Being your own boss does give you boldness of conception, but it comes at the cost of proactive and responsible entrepreneur traits. And you have to create the ability and the act of officially deciding something to fight all the odds coming your way, turning your startup venture into a success series of event.
It isn’t easy to work for others and equally requiring much work or skill to do or make in managing people who working for you. When you decided to be an entrepreneur, you decided to be different and have to be proactive in all aspect in your organization. Do not end up in the same mold as the rest of the bosses that you have experienced before. Lastly, never think that you will be superior to those in your team and, if you want a strong team.
From this trait,this show how Datuk Wan Mohamad Sani Salleh one of the Malaysia entrepreneur character.He said he started with open repair workshops in places like Kuala Lumpur and Terengganu.While working,he always make his boss as a role model for him to snare in business.Last but not least, when he became a successful entrepreneur, he shown his good trait by treating his employees good and always be proactive toward his workers in organization. He always be proactive about his employee’s welfare issues.
4 : OBSERVANT
The entrepreneurial attitude has successfully to try to get something its way up the ladder of human virtues. It’s currently valued as one of the most difficult to understand expressions of human superiority.
Observation is a good at watching, listening, and noticing what is going on around you and in your organization. Being observant to be on every side of your organization is one way to unleash your inner creativity. Each time you observe and ask questions, the creative ideas begin to flow. You do not have necessarily have to be an expert in a specific industry in order to come across a disruptive ways to deal with and end a problems.
After establish your solution in the existing industry, you should learn as much as possible about its respective industry you are involved. Learning its past event that relate to organization and observing trends is key to ensure your solution remains relevant. While it is nice to have a successful project performed, it never hurts to have more plan or suggestion about what to do.
A successful entrepreneur is observant with every available resource at his disposal and where he can get his sources to save cost but at the same time it is has good quality. Regardless of how seemingly small or unimportant, any decision that impacts your business should be evaluated carefully with respect to advantage and trade-offs. Entrepreneurs that can put into categories those options appropriately and make strategic decisions are the ones that are able to scale quickly and ultimately to become successful
Often, our final product is slightly different than our initial plan. A successful entrepreneur is fast in thinking, learning and understanding to pivot early on and does not allow their judgement to become clouded by their strong feeling of enthusiasm or excitement about doing something. As entrepreneur, we should always be an observant about what happen in our industry and economy so this will avoid from “banana fruit two times”. Those who are refusing to change ideas, difficult to deal with and attempt the same process over and over again and expect to observe different results are the ones who get left behind and repeat the same fault to organization.
When starting a business in the field of transport, several challenges have to be taken and Datuk Wan Mohamad Sani Salleh will need to work hard to observe the economy condition and the customer’s feedback about their services. In 2003 Sani establish special SUSB for the transport business. "I was with two other partners. But not long after the two partners withdrew, leaving me alone. When the situation was indeed grave, "he said (Fabulous Choc: Successful Entrepreneur: Datuk Wan Mohamad Sani Salleh).
When he already as an entrepreneur, He had to be careful to observe his surrounding because its decision is without referred to anyone. "When there are two partners, I can refer to them, but when alone, I need to make their own decisions. “If erroneously decided, I was going to fall. So before making a decision, I think 10 times, "he said.(Fabulous Choc : Successful Entrepreneur : Datuk Wan Mohamad Sani Salleh).Lastly, this is shown that Datuk Wan Mohamad Sani Salleh is very committed entrepreneur and very observant person to make sure his business plan going smooth.
5 : FAILURE IS AN OPTION
Failure is a word that we understand as carries a negative connotation. Nobody wants to fail. But failure, if you're doing anything worthwhile, is sure to happen. What's deserving is to plan for failure, being taught from it, try to avoid damage and do your best to moving in a smooth and attractive way.(New Relic blog. (n.d.))
However, failure does not come in only one type. You have to showing an ability to make new things or think of new ideas to think of all the ways that a plan could fail. Start with the most notice, but also consider the likely a distance that something could fail that might not be obvious.
In embracing failure, we understand that the best solution to learn what's able to happen or exist is to take risks. Likewise, as entrepreneur, company must adopt and embrace failure as part of its a way of thinking, behaving or working that exist in a place or organization and recognize that it's not only okay but something to be praised by many people. For example, Datuk Wan Mohamad Sani Salleh has an annual failure award to celebrate low outcomes based on good intentions and he also doing this because to appreciate his employees toward their jobs to make sure that his company have a good services and chosen by every customers.
From the beginning Datuk Wan Mohamad Sani Salleh use public transportation (bus), so he know what customers want and dont went using public transportation and he use that experience when managing Sani Express. Besides, he take care of every way employess stands in the company, from the counter clerk until the Chief Executive Officer (CEO). This is because if even one office is not operating properly, the company's operations will be disrupted.
In a nutshell, Datuk said, without blessings and prayers also, he as entrepreneur may not succeed. "Whatever we do, we have to stick to religion”. Do as instructed and leave what isn’t allowed and impossible to do. (Fabulous Choc : Successful Entrepreneur : Datuk Wan Mohamad Sani Salleh).How hard you failed, we as entrepreneur should not give up. Prayer is also important if we want to be a successful entrepreneur to our company, and our country.
TASK A : NETWORKED
AGE : 51 years old (April 1964)
CITIZEN : Malaysian
OCCUPATION : -Group Chief Executive Officer
-Director of AirAsia Berhad
-founder of Tune Group Sdn Bhd
-Chairman of Queens Park Rangers
-Director of AirAsia Berhad
-founder of Tune Group Sdn Bhd
-Chairman of Queens Park Rangers
Tony Fernandes are known as one that has a network of own success now because at one time he intended to make agreements with countries outside the borders of the expanding air travel and get the landing right.Based on IME magazine, Fernandes was tag as one who knows activism, inovation individuals.Fernandes achieve reputations and achievement as he recovered from an airline AirAsia, which has been experiencing difficulties due to the debt burden that is too high.They also predicted that the company would be bankruptcy. Then, Fernandes lease the whole house and use all of the savings to buy the company. At that period was the worst in the history of commercial aviation industry caused no people at that time who dare to board the aeroplane. After a year, preparation of AirAsia with an image of the organization and a new concept brought great changes and make a profit in a short period of time. Fernandes also believe that passengers will welcome the low-fare airline in order to reduce time and costs, especially in tight economic times.
Before starting AirAsia low fares airline, Fernandes calculate that only 6 percent of the population who had boarded the aeroplane. Now, AirAsia is the largest low-cost carrier in Asia, services the most extensive network with more than 90 destinations. In the 13 years of operations, AirAsia has carried over 280 million guests and grown from just two aircraft to more than 190 short-haul operations in Malaysia, Indonesia, Thailand, the Philippines and India, and remotely operating in Malaysia, Indonesia and Thailand. AirAsia has been named the World's Best Low Cost Airline in the annual World Airline Survey by Skytrax for six consecutive years from 2009 - 2014. At this time he managed to make the airline's popular with the slogan "Everyone can fly 'to peak performance.
TASK A : OPEN RISK TAKER
AGE : 60 years old (April 1955)
CITIZEN : Malaysian
OCCUPATION : Executive Chairman of Securiforce
TASK A : OPEN CULTURE
Dato 'Aliff Kamarzaman Shukri, who was born on
April 3, 1987 at the residence Felda Kechau, Kuala Lipis, Pahang. He was later
moved to the Dallas area. And continued his studies at the National School SG. Besar,
Selangor. After graduating from primary school, he managed to continue his
studies in secondary school. He attended middle school in Telok Gadong Klang.
Then, he took the initiative to study theology. Finally he opted for the study
of religion in schools Pondok Pasir Growing Kelantan. Quite a long time in
Kelantan and he can be considered as a matter of influencing him to do business
where many people of Kelantan doing business. After that, he continued his
studies at the school was integrated As-Syakirin, Shah Alam until level 5 and
continuing education to Taylor Collage.
He is a
successful entrepreneur who had the characteristics of an open culture. He is a
man who seeks his own without give up. Character of open culture can be seen in
her work went he work with people, but
he took the initiative to create a own course to make up face to office mates,
he was wearing RM5 until RM10 only. In the workshop he was able to get his
RM1000-RM3000 always practiced stringent beauty courses and face the improve
sell beauty products. Here we can see his character of open culture because he
has no mind to sell the products of others before his successful as it is now.
He also has
an open calture because his attitude shameless was very encouraging him to
always try new things without taking into account any perception that he could
be of any individu.He start a business on a small scale, established in
September 2010 in which they operates only in lots of shops on the 2nd floor
with a single worker and only has four major products Foundation, slimming
products, beverages Health of Women and Lipstick Lip Treatment. With open
culture, promotes her products through channels talevision.He making his own ground advertisement on television and
easy to mingle with all people, regardless of rank or ancestry.With this way,
he was able to increase the percentage of sales.
After his
business flourished, with its open culture, he has maked 30 news product .His product range of initiatives to promote sales
of products is one of his own initiative as a model for openness reflected of
her product.From that,we can see not many entrepreneurs who make themselves as
a model, but datuk aliff was done it.
Now, with
the open culture, his product was very famous. He also opened a number of
subsidiaries of the Virgin Megah Sdn Bhd, which produces and sells cosmetic
products and a disorder in which the concept of the Virgin Megah Sdn Bhd only
deal with a single stockists appointed and will be responsible for marketing
the product throughout Megah Sdn Virgin Malaysia and so far the demand for this
product was very well received by users throughout Malaysia.
D'Herbs also
opened a company named Aliff Herbs Manufacturing Sdn where the company is
dedicated to manufacturing health and beauty products and they are also open to
other companies who are interested in producing products under this company.
Providing facilities and service from beginning to end production of a product including
design and production of the product according to your taste and customer
satisfaction
For the
last, I likes to ask everyone to be like datuk syukri aliff of entrepreneurs.
He has a very entrepreneurial and have an open calture to attract customers.We
need to be a model of others entrepreneurship.we also need to has a vision and
goals for success.
TASK A : OBSERVANT
Dr. Minoru
Shirota, Yakult’s founder, focused his career on preventive medicine as a way
to protect human health. After the investment of months and years of effort, he
succeeded in strengthening and culturing a lactobacillusmthat was beneficial
for human health. Yakult throughout the world. This show that he is one of
entrepreneurial have observant character.
Until the
day when he can deliver Yakult to all the people of the world,his propagation
activities will not cease. Dr. Minoru Shirota places great emphasis on desire
to sincerely deliver good health to as many people as possible.
In Probiotic
products, Yakult has celebrated 75 years of anniversary since its founding.
After taking stock and reflecting upon Dr. Minoru Shirota founding concepts of
preventive medicine, the link between a healthy intestinal tract and a long
life, and offering products at a price affordable to everyone.
In the 75
years since then, Yakult has conducted its business activities around the world
in ways based on Dr. Shirota’s philosophy—Shirota-ism (preventive medicine, the
link between a healthy intestinal tract and a long life, and offering products
at a price affordable to everyone. As of March 31, 2011, as a leading
Probiotics company, they help to protect people’s health in 32 countries and
regions, including Japan. In addition to fermented milk drinks, Yakult
operations in Japan today include a pharmaceuticals business, in which we
handle an anticancer drug widely used worldwide, as well as a cosmetics
business. This show he is one of the successful entrepreneur that observant looking
person to create products that promote good health today and in the future.
Due to his
skill and personal qualities of observant,
yakult market has become International Business. Both sales volume
outside of Japan and sales on a local currency basis increased during the year as a result of
efforts to cultivate the market and expand the sales areas.
His attitude
observant showed then the companies do training and personal development
Organizational invigoration, and training that promotes initiative. So that the
Yakult Group can continue to grow in the future, we pursue training and
education aimed at enabling both individuals and the organization to continue
growing. Beginning with the time when they first enter the Group and at every
important career juncture thereafter, they have employees think about “the
spirit of our founding—Shirota-ism,” undergo initiative training, and work to
pass on to each individual the spirit of our founding. In addition, they
provide employees with group training and self-development opportunities to
acquire the knowledge and skills required for particular roles at each job
level. they work to develop people capable of initiating action and changing
the status quo, and are moving forward with efforts to create a vibrant
corporate culture in which people perform fulfilling.
Dr Minoru
Shirota began researching lactic acid bacteria more than 80 years ago when the
curative benefits of microbial science was yet to be accepted by the scientific
community. Having studied the work of Russian Nobel laureate, Dr Eli
Metchnikoff, he was convinced that having a positive balance of the beneficial
bacteria in the intestines helped to ensure a healthy digestive system.
Dr Shirota
devoted his whole life to the study, and he is forward observant review of microorganisms. Because of the successfull by
entrepreneur skill of observant looking, Dr Shirota became the first in the
world to succeed in biotechnologically strengthening and culturing a bacterial
strain that could withstand the gastric juice and bile to reach the intestines
alive. This unique probiotic strain was later named Lactobacillus
casei strain Shirota in his honour.
TASK A : OUTCOME ORIENTED
Every
entrepreneur who wants to succeed in something that will earn you shall have a
number of features that will help them achieve the desired .Every entrepreneurs
or business people only dream of success while continuing to earn from what
worked.
Tan Sri
Mokhzani have outcome oriented nature that he always has interest.With outcome
oriented nature, he tried to reach his interest in their studies and
successfully completed his degree in Bachelor of Science in Petroleum
Engineering at the University of Tulsa, Oklahoma, USA. Here we can see that he
is a skilled and interest in this area and he was trying to accomplish what he
want.
By the nature
of this result oriented, he started his career in petroleum. experience
acquired throughout his career in the petroleum sector was push him to establish a company and work
alone, which he set up an investment company called Kencana Capital Sdn Bhd
which is dealing in the field of Oil and Gas service provider, IT, automotive
and property.
The company
prospered and outcome oriented in him made him feel he needs to make a further
investigation to develop a business that has been be managed.Some steps he has
taken to fulfill their curiosity element .He learn from companies that are in the same flow
with it.
After that, he
merged with Investor Group companies in 2012 and produced SapuraKencana a
company Oil and Gas Service Provider The Malaysia.This is clearly reflected in
the outcome oriented his interest in petroleum products, he can achieve a great
success.
The commitment
given by Tan Sri Mokhzani in this business a long time have raised his status
in the partnership.He was appointed to the Board on SapuraKencana Petroleum as
Executive Director and Vice Chairman. He was also appointed a member of the
Remuneration Committee SapuraKencana Petroleum. He also serves as Chairman of
the Selection Committee and the Remuneration Committee Petroleum.
Tan Sri Kencana
Mokhzani began his career in 1987 as a wellsite operations engineer with
Sarawak Shell Berhad, offshore Sarawak work on drilling rig tender. He resigned
in 1989 to pursue business opportunities in Kuala Lumpur. By investing in
Tongkah Holdings Berhad , he began a new step in the manufacture of components,
the healthcare sector oil and gas, and finance. He held the position of Group
CEO Pantai Holdings Berhad (health care) and Group Chief Executive of Tongkah
Holdings Berhad (oil and gas, finance). Training in sales in 2001 saw him
release all positions and equity in these companies. He founded Kencana Capital
Sdn Bhd ("Gold Capital") as an investment holding company in the same
year.
In conclusion,
to be a successful entrepreneur we must have properties that can drive us
towards achieving goals such as outcome oriented. Outcome oriented can help us
achieve the goals we dream.
TASK A : FAILURE IS AN OPTION
He once said, “Failure and rejection are an inevitable part of business, and how you deal with them will ultimately affect your success” The inspiring statement shows how he reacts towards failure. Although the Virgin group are the one successful companies in the world, yet still face some failure. Every time the companies fail in reaching their goals on their business plan, they looked the effect from positive aspect where they try to see what’s wrong with their strategies and learn from it to avoid a same mistake. He also stresses that when a person running a company, we surround with a group of people and compliment can affect around us. Sir Richard knows how to struggle with a risk in the business world so it is important to set in his mind failure and rejection can be cope as well practised from time to time.
Failure is worthy things, when organized a business, we can gain a lot advantages than people who are not risk taker. Looking at Sir Richard life, we know he already success in doing multi-purpose of his business networked. In reality, every one of us faces a failure include a successful entrepreneur. When the time passes, we will realize failure is not negative effect as it encourage a person to better in forthcoming.
TASK A : PROACTIVE
His name is synonymous with world shoe. He is the one recognized of world famous shoemaker and shoe designer. Datuk Jimmy Choo was born in Penang, Malaysia and he became a Malaysian pride. Since childhood, he already been exposed to the technique of making shoes as his father’s a full time shoemaker. Proactive attitude shown by Jimmy Choo is that he is responsible for making decisions about the direction of his company Jimmy Choo Ltd. He will think what the best for his company and know how to attract his customers by maintaining the quality of shoes that he designed. He serves as a consultant for his company where he needs to consult with external parties on their preferences in order to produce the best designs. Besides, he also gives a personal opinion to the customer’s about which designs suit with the customer’s taste. Indeed, He personally becomes personal shoemaker for Princess Diana during her lifetime.
He also acts as distributor for allocating the resources either to marketing or management section and other parts in the company. Jimmy Choo also acted as an informer for his company. He became a diffuser for the new designs in his boutique, make promotions, offer discounts, special servicing and so on to attract customers. He is also a spokesman for the release of his shoes in the media society. His role as a leader and founder of his company is really important and he has proved it to society when he is the first Malaysian to be awarded OBE awards “Order of the British Empire” from Queen of England, Queen Elizabeth II.
A proactive entrepreneur usually has a mature personality to sustain an intentional action in the face of potential influence in the situation as well as in the environment of business. Jimmy Choo is the one who is already set in their mind to take control of the environment around them.
TASK A:VISIONARY
Task A
Elon Musk is the one of a successful entrepreneur which is the most suitable example for a person that has a visionary trait. He has been nominated as 15 richest people in the technology industry by Forbes magazine. He is the CEO of a spaceX, CEO and product architect of Tesla Motors and chairman of SolarCity. Elon Musk always detailed about the product he created as we can see since decades, he has built the world leading’s car company. For example, the Tesla motor car produces an electric car which differs from a gasoline gas car. Since college, he always thinks it is possible for ordinary people to choose to be extraordinary as he approaches the girls in the college his attending, and said, "I think a lot about electric cars. Do you think about electric cars?” From that moment we know that Musk already has vision what he able to do in future generation. Musk visionary as creator Tesla is he and his company want to create the most captivating car company of the 21st century by driving the world’s evolution to mass electric vehicles as soon as possible. At the same time he also a founded aeronautics company SpaceX with their vital goals is wanting to bring solar energy to the masses with the goal of flying people in space.
Visionary people like Elon Musk unstoppable sometimes their idea might sound an impossible to reach it, yet it helps a society to accept the innovative idea which indirectly helps to generate a product that benefit for mankind.
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