How To Be A Good Entrepreneur

1138 words - 5 pages

Question 1
What are the steps to be a good entrepreneur? Write your suggestion and recommendation based on your observation and experience in Malaysia.
1.0 Introduction
An entrepreneur is a person who organizes and manages a business undertaking, assuming the risk for the sake of profit. According to Martin (2010) an entrepreneur sees an opportunity which others do not fully recognize, to meet an unsatisfied demand or to radically improve the performance of an existing business. To have self-belief that this opportunity can be made real through hard work, commitment and the adaptability to learn the lessons of the market along the way. For example, When an almost bankrupt security company was offered to her, Datuk Maznah Hamid and her husband, who were eager to change their ordinary life, took the plunge and sacrificed RM5,000 of their saving. Only then she realized that apart from managing the operation, she also had to be a manager, a clerk, an accountant and a receptionist. To grow their business, they had to sell their house and moved to a slum that came without electricity. But she persevered. Today, it’s difficult to find someone who has never heard of Securiforce.
From research, there have a many steps to be a good entrepreneur:
1. Experience in career
Those having experience in career employed and successful implement responsibility during the career usually were capable of doing business decision that is good compared them that green. This group also possess bright outlook to get capital and usually their effort never afford halfway. For example, Mydin is excellent example in this matter. Those who there is follow the talk surely have heard experience career.
2. Business planning
There are opinions stating that working paper business no need to start business. But important planning permanent business whether there is translated above paper though adhere in brain entrepreneur. If entrepreneur need business loan, so business planning need to be poured above paper to ease approval business loan. Usually were those planning is two times more successful than that there is no.
3. Character that is positive
Nice personality like understand, easy going and so on very helpful in someone success. If feel become as it is when hot tempered foot, not for bearing and so on can make become successful entrepreneur, think again.
According to Park and Peterson (2006) signature strengths are positive traits that a person owns, celebrates, and frequently exercises. The list above is more than a simple demographic. We mapped these strengths on to the character strengths tradeoff diagram that Dr. Peterson included in A Primer of Positive Psychology, Remember the caption from this diagram, The farther apart are two strengths, the less likely it is that the same person habitually shows both. The top 5 character strengths for entrepreneurs are evenly divided between the heart and the mind sides of this diagram. Interestingly, they are skewed...

Find Another Essay On How To Be A Good Entrepreneur

To Be a Good Leader Essay

1568 words - 6 pages school and continue taking training classes into college. There are many different categories of leadership training classes that anyone can take to get the right training in how to be a proficient leader in their job. I believe that my father is a good example of ordinary people being leaders. I believe he is a good example because he has been working out at Yermo Marine Base since 1986. He is now currently a Planner and Estimator; this means he

Nick Hornby - How to be good

1291 words - 5 pages boy. A film version, starring Hugh Grant, premiered in 2002. His novel, How to Be Good (2001), explores contemporary morals, marriage and parenthood. It won the WH Smith Award for Fiction in 2002. His most recent books are 31 Songs (2003) and A Long Way Down (2005).In 1999 Nick Hornby was awarded the E. M. Forster Award by the American Academy of Arts and Letters.From :"How to

How to be a Singer

1110 words - 4 pages How to be a Singer Steps To Be A Singer… Can fame and stardom come without struggles and hardships? When the word fame or stardom comes up, people usually think of movie celebrities, sports stars, and especially musicians. Musicians fill the world with the great sounds of rhythmic beats and melodies. Though the world is filled with musicians of all kinds, singers possess the true inborn gift, vocal talent, which can only be

How to be a men

1059 words - 4 pages from the villagers, to show how grateful we are." Averill explained."I can bring you to him……" stranger haven't finished talking, Averill killed him, and put him under the gifts.While waiting for Aeton to show up, Averill put the cart in a place where someone can see, so he can distract some of the soldiers. He also explored around the area, he was really good at exploring, just like he's best friend Arkylas. Averill prepared the

How to achieve a good negotiation outcome?

923 words - 4 pages How to achieve a good negotiation outcome? Negotiation helps to create value through agreement that make both parties better off than they were without an agreement. It comes with numbers of strategies and steps to be conducted. We can easily divide it into pre-negotiation, negotiation session and post negotiation (Hawkins & Hudson, 1992). The first and crucial step that must be implemented in order to achieve a successful negotiation outcome

How To Write A Good Research Paper

1027 words - 4 pages avoided. And make use of complete sentences. Last but not least is the result part of the research conducted by the researcher. The page length of result section is set by the amount and types of data to be reported. Continue to be concise, using figures and table to present results are the most effective means of conveying final results. The purpose of a results section is to present and illustrate researcher’s findings. To write a good


928 words - 4 pages main points in addition to summarize the entire work.In any article, an abstract should be including the main key words, which demonstrate what the article is talking about. Acquisition, hypothesis, experiment and the result are all essential points in the article and regarded as key words. Putting these words together in formal sentences results a good abstract that makes everything clear to the reader rather than reading something obscure that

How To Become a Good Reader

535 words - 2 pages In elementary school, reading, writing, speaking, and listening, are all lessons we are taught. However, not everyone learns the same way or at the same paste. It takes time and practice to learn these skills. In the story, "Learning How to Read," Malcolm X gives an overview of his past as a hustler, who gained the powerful knowledge of reading. Malcolm X was one of the most articulate and powerful leaders of African Americans during the 1960's

"Crazy Halloween": Personal Paper, but good ideas for other stories- How to write a paper and be yourself.

642 words - 3 pages approached. Looking at Charles wondering what it could be, we realized almost simultaneously that it was the sound of a chainsaw coming straight for us.Charles still holding my hand began to flee in the opposite direction from where the thunderous grinding was originating. While dragging me closely behind with little regard for my well-being, we made it about 50 feet before I pried my strained wrist from his tight grasp. While being short of breath, and

"Select a successful entrepreneur, and outline his management styles and leadership characteristics. Consider how these have contributed to success, and how they may contribute to failure."

1831 words - 7 pages Richard BransonRichard Branson: "An entrepreneur is somebody who is willing to go where others are not. Who doesn't often listen to accountants. Who if somebody says [something is] impossible, is determined to prove them wrong".Pick up any newspaper or magazine and there's a good chance you'll come across a picture of Richard Branson sporting his irrepressible toothy grin and trademark wooly jumper. Airline owner, daredevil stunt man and

How To Be A Great Running Back

615 words - 2 pages How To Be A Great Running back The game of football is a tough game from any position. Besides quarterback the most important position on the offense is tailback also known as running back. In my experiences at tailback from the age of eight through my senior year in high school I learned a lot about the position. I also learned what is needed to be a great tailback. These qualities include endurance, footwork, vision, and power.There is nothing

Similar Essays

How To Be A Successful Entrepreneur

844 words - 3 pages of the company. For example, Microsoft put a commercial on television saying that students need computers to be organized in school and achieve good marks. Even though Microsoft is making loads of money, this bring us to the question, will Microsoft be consistent with their income in the future, or will they fall behind?Bill Gates and Paul Allen run a business which is in a very secure field: electronics. Electronics, like computers, are very

How To Be A Good Orator

557 words - 2 pages In our life, speech has a very important role. We ca not live without conversation with other people. In actual fact, if someone is good at speech, it means they are ad good orator. If so, let us think how to be a good orator. Even if you have never tried a speech in front of people, you can be a good orator, if you follow these three suggestions: attitude, body language and speech practice.To be a good orator, you should practice these six

How To Be A Good Parent

646 words - 3 pages How to be a Good Parent I have heard so many parents say parenting does not come with a manual and it doesn't. Every parent, child and /or household is meant to be different and unique in its own way. Parenthood is meant to be an experience for both the child and the parent but there are some universal rules to parenting that allows parenting to be easy for both parties.You have to be prepared to be a parent. That's the number one rule even if

How To Be A Good Employee

950 words - 4 pages perform due to illness or a disability. Sometimes when a person is feeling in a mood to complain, they may need to sit back, relax and take a look around in order to appreciate what they have, and learn how to be a good employee. Being a good employee means caring about your job and your company. In other words, treat your place of business as if it were your own. If you are an employee who has been with the company for a number of years, it