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The Personal Entrepreneurial Strategy Business Essay

What is entrepreneurship. Entrepreneurship is the procedure brought by businessperson of seeking the new opportunities, commencing innovations and changing them into marketable goods or services. Enterprisers use their expertise in the recourses and work it out. They dare to take chances to start a new business and create a new market. Normally, entrepreneurs have the interest to create a new goods or service that gratify customers' need and become the business owner.

Entrepreneurs are such the top persons who have the central role in every monetary activity nowadays. This is because it's entrepreneurial, imagination, invention and energy that drive growth and opportunity in existing and new marketplaces. They are able to seek opportunities to profit by gratifying customers' needs and enrich people live.

Entrepreneurs are positive because they're willing for taking the risk for their recourses to gain the income and think that it can success in the future. In addition, they need to always upgrade themselves every day and get new information to be able to satisfy customers' needs and counter-top competition. Otherwise, they'll be rejected by the marketplace for not adapting the new trend.

Furthermore, business people are also good in selling their goods and services against the competition. They can entice the clients by bringing out the uniqueness and difference of their products and services in comparison to other challengers. Before that, they must did some research for customers' needs and provide their products and services in attractive ways than other rivals.

A successful entrepreneur can be considered a market leader as well as a trend setter. There are some successful entrepreneurs such as Tony Fernandes who presented AirAsia, low priced airline with the tagline "Now everyone can fly", Steve Jobs who's the co-founder of Apple, released new development of pc and smartphone like Mac, iPhone, ipod touch etc, Mark Zuckerberg who launched Facebook, the popular interpersonal networking website attaching people round the world.

Profile of the Past

Personal Preferences

There are two types of energy. You are positive energy which can brings you the greatest amount of personal satisfaction and sense of fun. And, another negative energy that gives you the best amount of personal dissatisfaction, nervousness, discourages and discontent.

The first source of energy is the interest on the items. If they are things that I am interested, I am going to have energy to put more effort and interest to do it. Subsequently, family's love and support also can give me energy. With family's support, I will be highly motivated to do the items. Besides that, my family will also be happy for what I am doing. Lastly, good environment is also one of the important thing that can provide me energy. With the good condition of environment such nearly as good teammates, good working place etc, I will be motivated and revel in doing the items.

On the other side, there are a few resources of energy can also defeat me down while i had not been strong enough. Problems faced are the hardest for me to conquer it. I am going to lose the courage to complete the duties while facing some problems and challenges that make me feel panic. The second source of energy can take away my energy is the pressure. Pressure may make me discontinue and present up doing the things that I might have halfway done. Finally, bad environment of the working place is also one of the foundation of energy can brings me dissatisfaction. I will be lack of drive on doing the things in a negative environment that cause me unsatisfied and poor performance.

I am appreciated for having this course. It helps me to believe out what I am going to become in the foreseeable future. In 20 to 30 years, I'd like to truly have a high quality of lifestyle with a condominium and an automobile. I wish I could be an entrepreneur in Information Technology field. Needless to say I have to have saving for my future plan to be able to spend money wisely. I am hoping that my friends around me might well have positive attitude and good lifestyle but not involved in bad habits, crime and illegal activities. A airfare of ambition can make me to get an excellent lifestyle. What can overcome me down is insufficient interest on the items which will make me no courage to attain the goals.

Idea Generation

What is idea technology? Idea era is to create ideas for new ventures. An old German proverb says, "Every start is hard". Before you begin, think creatively and you'll be surprised that the number of interesting ideas you can think of.

There are ideas I have made. I am hoping that I could create a business which allows visitors to take order for beverage or dessert from the web site. Besides that, I wish to develop a bus system, which can create customers' bill with their house with the total amount of money they spend in monthly. Customers can just scan with the bus cards instead of getting the amount of money from the wallet which may take in a lot of times when there are many customers. We might create a lecturer booking system that helps university student to reserve a specific time slot machine of lecturer for discussion.

There are common capabilities of business I needed to enter. First of all, the eye of the work opportunity can energise me to enter the company. Furthermore, the high income can also inspire me to get the job. A good environment is also important for me to give attention to doing the business enterprise. I also wished to enter an evergrowing company especially international company compared to local company. There are a few common features of business I did not need to enter in such as no interest with the business enterprise. Low income also can affect me to produce to poor of job performance. I didn't want to enter into a company with bad environment because I would distract with bad or dusty environment making me unpleasant to doing the job.

I want to start my very own business someday because it brings me a greatest amount of satisfaction by controlling well my very own company. It could hard to start a business at the start. But if you never give up and overcome the issues when facing issues, you will earn a great deal of profit whenever your company increases well on the market. I am the manager to order employees to perform the daily responsibilities instead of taking order from top manager. When the business earns earnings, the income will would go to me alternatively than take regular salary.

To take up a business, I have to spend my money correctly in my own entrepreneurial journey. I'd spend the most money at location part of my business. This is because a technique location can get a whole lot of customers easily in order to raise the sales. Secondly, I would allocate additional money at lifestyle and work style to control the size of business, rate of real progress, workload and so forth. Next, I will allocate the money at personal development to gain knowledge in doing business. Standard of living would be the fourth item I will place to become a rich businesswomen. Finally, I am going to spend the same sum of money at impact on ecology and environment, status and prestige and capital required.

Personal History

I been employed by for three companies. The first company I got into was Home Formula Restaurant whenever i was 15 years old. I found the work in a shopping complex because I needed to spend my getaways to earn some cash after having PMR exam. At first I worked well as a waitress who in charge of taking purchases for customers, portion and clearing the food and beverage. Over time of time, I occupied as cashier who handled the payment. I worked well for 12 time each day for almost 2 calendar months in the restaurant. I had learned the communicate skill with customers. During the weekends, the restaurant required a great deal of purchases from customers that might affect the velocity of food preparation. This is because there were only two chefs in the kitchen and each food need to prepare it one by one. I had to conmfort customers with my communicate skill in order that they wouldn't normally get upset.

The second job was a part time banquet server at Eastern & Oriental Hotel. My pal created me to work after i was 16 yrs. old. I used to create and ensure the setting up of dining tables completely prior to the event started. During the event, I dished up the foods and drinks to guests with the number of table allocated by the administrator. Besides that, gratify what a guest needs is also one of the obligations such as refill the burgandy or merlot wine when it was almost end. I spent my weekend to work to gain extra money. I've ever functioned for celebration like Holiday day and New Yr day to earn higher income. I did the trick for this hotel for nearly 2 years. An addition thing I had developed learnt from being a banquet server was managing people. Usually, there have been two people given to in control four desks. I faced a challenge before where every banquet server was busy providing food to friends and my teammate was smoking in the bathroom. That time I offered four desks of guests myself without him. From that onwards, I supervised people without getting any trouble.

The latest job I had developed was a customer support at Senphoenix Network. That is my brother's company and I worked well as a component timer while i was 17 years of age following the SPM examination. This is the company that offers e-commerce shopping cart software and website customization to customers. AFTER I was having semester period of time during diploma life, I would go my brother's company and work for him. I was designated to learn with Adobe Photoshop, HTML and CSS as i was zero knowledge for this field. I needed also learned how to set up an e-commerce template for customer. Then, I managed to support and keep maintaining customers' websites and apply my communicate skill to reply daily email.

During my diploma life, I became a member of Community Sociology because I needed to have a different life rather than learning every day. Our aim was to help children and make them happy in rural area. The biggest project was to organize a camp for children in a rural area. My position was an assistant leader of guidance to comfort children during the camp. I managed to comfort a youngster while he had been bitten by other child. Besides that, I got assigned to design and create their name cards and booklets. I have applied my design skill using Adobe Photoshop in creating the name credit cards instead of hands drawing. Furthermore, we went to the nearby enclosure area for community service. We helped them to clear the unneeded grass in their vase and wash their floor. I liked helping villagers with my teammates through the community service.

Role Model

There are many success entrepreneurs on the planet. The business hero that I've respected is Tan Sri Anthony Francis Fernandes, better known as Tony Fernandes. He's a Malaysia Indian businessperson and owned Melody Air Sdn. Bhd. He may become such a favorite entrepreneur because he released the Malaysia major low cost flight, AirAsia with the slogan of "Now everyone can fly".

Tony Fernandes was born on April 30, 1964 in Kuala Lumpur. At age 12, he kept Malaysia to study at Epsom University in Surrey, Great britain. He also completed his studies from the London College of Economics in the year of 1987. From 1987 to 1989, he worked well as an auditor in Virgin Atlantic and became the financial controller for Richard Branson's Virgin Data. In 1991, He officially accepted as Associate Member of the Connection of Chartered Certified Accountants (ACCA). Now he's one of the Institute of Chartered Accountants in Britain and Wales (ICAEW). From 1992 to 2001, he started in the Warner Music and became the South East Asian local vice-president. After that, he left the company and intend to run a budget no-frills airline. From these details I can notice that he is a person eager to learn and dare to perfect to make his aspiration come true.

However, life is fluctuations. Malaysian government declined his application to perform a low-cost air travel for a license. In 2001, Tony Fernandes satisfied up with Best Minister, Tun Dr. Mahathir Mohamad. He was advised to buy an existing airline instead of running a new business. AirAsia premiered in 1993 and possessed by a government- held conglomerate, DRB-Hicom. At that time, AirAsia was a heavily-indebted airline. He took the risk to mortgage his home and bought the business with two ageing Boeing 737 jets and $11 million with debt. After the September 11 disorders of 2001, business didn't go smooth but he never gave up. He managed to switch AirAsia into a profitable air travel within two years. Now, AirAisa can be so successful that operates scheduled home and international plane tickets spanning 25 countries.

I am adored Tony Fernandes because not everyone could take risk to mortgage his home and purchase a heavily-indebted air travel. Besides that, he never gave up on his business when he encountered the down sides. He were able to generate a new idea and make everyone possible to take flight with a affordable price and yet AirAsia can earn earnings without losing profits.

Profile of the Present

Your Own Talents and Weaknesses

No an example may be prefect because everyone has their own strengths and weaknesses. My strengths are work hard on the items I am interesting. I am going to try my better to put effort onto it to get good result. I am willing to sacrifice to my sleep hour and entertainment hour, just to make it done. It can be one of my weaknesses too. It is because I will not need the courage to do it as it pertains with not interested on that thing.

Furthermore, I've self discipline. I'll make a program for days to be able to carry out the task. For example, before the deadline of the assignment is coming soon. I will power myself to start out focusing on it so that I have additional time to get this to assignment better. Then, you won't delay the due date. Besides that, a few of the things I am going to not become involved such as criminal offenses, against the law activities, smoking, clubbing etc. This is because I don't want to make the mistakes that I will regret for it, and also make my family, friends disappointed on me.

I also have the power of adapting to a fresh environment. Depends on the condition of environment, I am going to adapt to it in order to survive. We cannot always adhere to old lifestyle because they are something that we are aware of and used to it. I might need some times to adapt to a new environment. From then on, I can get used to it. For example, I originated from Penang and I might not get accustomed to Kuala Lumpur lifestyle. I got some times to conform it and now I wish to live in a large city with the convenient facilities like LRT, many selections of products and services that Penang does not have.

One of my weaknesses is concern with failure. This includes many factors that make me afraid of failure. The first factor is I give myself an excessive amount of pressure and expectation. Besides that, my children offers me money to further study in Advanced Diploma in Internet Technology cum Bachelor of Technology Degree. I don't want to disappoint my family because their money is hard to earn. Therefore, I will try my best on doing everything to ensure that I am going to not fail.

Sometimes, I cannot decide myself on what must i do when they come with many choices. I'd take longer time to think the consequence of choosing this avenue. This might because I reluctant of make incorrect decision that produce me regret it. I will doubt and ask for my friends' judgment and suggestion for guide before any decision made.

Putting All Together

Not everyone may become entrepreneur because it needs to insist for what you have been are a symbol of. It is hard to start out a new business at the beginning because the company is still new in the market and no-one understands it. The first couple of months or even years the company might not gain profit. At this stage, you may need to apply loan from loan provider, borrow funds from family or friends to aid your company expenditures. Then, utilize the money in investing your organization such as employ the service of qualified employees, do advertising campaign and promotion, expand your business and so forth. You may want to sacrifice your entertainment hours or family hours to do research for what customers' needs, enhance the existing products products and upgrade yourself. Besides that, you additionally have to be total immersion to handling your business. You need to stop wasting time to get new information and use it to your business. Normally, some important info you may miss up. A heavy workload is also one of requirements business owners deal with. You have to busy with react to customer e-mails, marketing plan, manage employees etc. It is impossible for just one person does everything at the same because a business owner continues to be a individual. Therefore, you may need to let another person to do the menial work and concentrate on the big picture. An entrepreneur also needs to be long term commitment in his business in order to gain earnings on the venture. Start a home based business that relates to activities that you are interested. It can help that you commit more in your business that you love in. In addition, capital resources are also one of important things that business people need to commit with. Huge resources are needed when the business enterprise is starting. Do not quit and solve the financial problem, you will gain income in return at last. A powerful team can also help business owners success available. If you are adjoining by the creative and brilliant people, it will influent your state of mind. Enterprisers aren't heroes, they also need clever teammates to boost the production and the acceleration of business progress.

Thinking Ahead

Personal Entrepreneurial Strategy

After complete my studies in Advanced Diploma in Internet Technology cum Bachelor of Technology Degree, I want to get a job first. After find the working experiences, I wish I could build a company with providing software to customers. The program can be an application or a system for business goal. Customers can offer certain requirements of the system, and we will try our best to fulfill their needs. It could consume some times to produce the application. The ultimate product will be very unique because it is only custom-made to the customers. I hope that my company can be impressive to people. When people needs a program for business goal, the first company they consider is mine.

I must get over my weaknesses such as fear of inability and hesitation before starting a fresh business. EASILY do not conquer it, I might fail on my entrepreneurial voyage. Never afraid of inability, stand again where you land, and work it out. There are several courage books can be found in book natural stone and I will read more on it.

I want to be a success, well known businessperson in IT field at the age of 30. When the business is stable in the market, I would relax and let my employees performing. I want to travel round the world with my enthusiast or my own. This might because my interest makes me to experience different culture, people, and environment of the counties. I am happy to learn new vocabulary to connect with the folks and adapt to other counties.

Besides that, I wish I could spend additional time with my children. My parents work hard and make money for me personally to get degree certificate. AFTER I analyze in other condition, the time speeding with family will getting smaller and lesser. If I started new business, I'll take longer a chance to immerge for maintaining my company. Therefore, I wish to accompany my children with the quality time.

Conclusion

I would like to take possibility to thank for presenting me this chance to learn this subject. Thanks Mr. Aric Low and Mr. Tan for the direction. It creates me really know what I will do for my future. Place the goals and achieve them.

Entrepreneurs aren't born, nonetheless they are made. To be a success entrepreneur, one must the smart and creative head. Notice for what customers needs and use innovative mind to start a business. Utilize the strengths to triumph over the weaknesses of the business to be able to catch the attention of more customers and increase the sales of products and services. One must have to interest on doing their business. Often, he/she cannot stand longer for his job as a consequence to insufficient motivation.

I wish I can be a popular businesswoman at age 30, and take the others of life to experience and explore other new things that I've not done it before.

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