April 27, 2016

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Group member photo with our dear lecturer, Prof Madya Hoe Chee Hee.


         Our lecture is the best lecturer we ever have, he like to share something news and moral value in class. We can learn a lot of good things from him. He is nice, patient and funny. We are definitely enjoy in his lecture.

5 entrepreneurial traits in entrepreneur – Walt Disney



Team Oriented
Team oriented is where you include others in making decision rather than just think about yourself. Everyone has a contributing factor in the company and decisions that concern the business or venture. No one is more superior in the business and everybody has an equal say without any repercussions.
       The team oriented features can be seen in Walt Elias Disney. As everyone may know, he not just a film maker, animator and voice actor US citizen. He also is a founder of Walt Disney Production and Disney is known all over the world. Disney is known especially as a film and entertainment brilliant entrepreneurs. He and his staff have produced a large number of famous fictional characters including Mickey Mouse, a character who voiced by Disney himself as the original voice.
       Walt Elias Disney work in group even to commercialize The Walt Disney Company, he has use four concepts namely employment indicators ‘Dream, Believe, Dare and Do’. These concepts have been the basics of many principles for the management team of the company. One of the principles of management is ‘All for One and One for All’, this shows the importance of teamwork and employee empowerment in order to foster a loyal, enthusiastic and committed.
       Walt Disney has allocated the same job for their employees to ensure that every guest who comes to Disneyland experience truly enjoyable and memorable. Walt Disney love to dream and shared his dreams with his employees. He has urged his employees to carry out the dream. He emphasizes teamwork as he felt anything accomplished is the result of a group effort.
Failure is an option
       Today Disney raises in billions from movies, merchandise and the theme parks around whole the world. But Walt Disney had a bit of a rough start, he was fired by a newspaper editor because the editor said that Walt was lack of imagination and had no good ideas. After that, Walt Disney started a number of businesses that didn’t last too long and ended. But Walt kept plugging along, however he finally found a recipe for success that worked today known as Disney.
Walter Elias Disney never wasted a second to contemplate why others knocked him down, or why he failed so miserably. Instead of contemplating the past, he always looked forward, envisioning for a better future. When Walt got stepped on, he just simply let go. When he fell, he had just get back up. He would modestly move on from the failure and start over, even if it meant rebuilding from the ground up. Walt Disney failed and was turned down three hundred and two times before financing and creating the theme park – Disney Land.

Walt founded Laugh-O-Gram Studios in Missouri in year 1922. He went into the business to create cartoons and with his first large contract for $11,000 to produce a series of cartoons for a company called Pictorial Clubs and followed later by a contract to do a cartoon about tooth hygiene for a local dentist. He used every penny made to produce the cartoons, living in his studio, and scrounging food on credit from the restaurant next store. One year later, Walt’s studio went to bankrupt but he had options. His father owned a business and offered Walt a job, but he didn’t take it. Instead, Walt took his failure with a grain of salt. The only property he owned in 1923 was just a camera. He sold it and moved to Hollywood to follow a dream of making motion pictures and eventually started his company today known as Disney.

Observant
Walt Disney is an observant, as he was inspired to build a theme park which gave him a more success in his life.
One day, when Walt Disney was sitting on a bench at an amusement park, watching his daughters play, he noticed how dirty the small amusement park was. He also observed people’s reactions to different rides, and noticed how children’s parents were bored. They would be anxious want to go home, while their children were still playing and having fun.
This is where Walt was conjuring and starts planning a new type of amusement park, a park that would be clean and would have attractions for those parents and children together. This was Walt Disney’s idea, which eventually turned to be Disneyland.


At the years before Disneyland was constructed, Walt was thinking and generating everything in his mind. He traveled the United States, and visited buildings of Americas most well known inventors and creators, such as Thomas Edison’s Workshop, the Wright Brothers Bicycle shop, and the home of the Dictionary magnate Noah Webster. While visiting these places, he was formulating and dreaming of a “Mickey Mouse Park” with a western village, Main Street, and more, these ideas would eventually form Disneyland.
Walt often visited to Disneyland a few times a week, and many times he would visit late at night, when no one was there. He often spent the night in his apartment in the fire station, on Main Street. When he came before the park opened, he would make sure the park was clean, and talk with the cast members.
Walt always wanted to know everything that was going on in the park. He knew about everything. He knew where water pipes were, how tall buildings were, and he knew how the park ticked.
One time when he visited the park, he noticed things were a little sloppy. He found the maintenance engineer of the park, and told him “I want this place painted”. The engineer agreed, then said “We’ll do it over the weekend.” “No, I want it finished a painted by morning,” ordered Walt. By that, dozens of painting crews were painting through the night, and finished before the park opened.

Visionary
Visionary means the person who can think or plan the future with creative and wisdom, able to imagine how something will develop in future and a good seer for opportunities
Walt Disney’s success can be said to a big story in the history of the Hollywood film. He was attracted by animation’s potential for future development when he worked as creating advertisements for magazines and local movie theater. When the movie was still black and white, silent stage, he began to pursue a career in commercial art. Walt started a small company called Laugh-O-Grams, which eventually fell bankrupt in 1923. He produced a series of live-action and animated cartoon, Alice Wonderland, a black and white silent movie and a series of small joy, Laugh-O-Grams, which was same name with his company.
At the same year, 1923, Walt formed Disney Brothers Studio with his brother Roy. After producing various short, animated cartoons, the studio started making a series in 1927 about a character named Oswald the Lucky Rabbit. However, the next year, Walt lost the rights to the lucky rabbit. In that event, Walt tasted the taste of betrayal and Oswald was the pain forever in his heart. After that experience, he learned a lesson which is, he must had the copyright in a film himself.

In response, he developed a new character, Mickey Mouse.

Mickey Mouse made his official debut in 1928 short film tittle “Steamboat Willie”, one of the first cartoon ever to use the synchronized sound effects and became the first sound film in the history of cartoons. Because of the success, he planned to produce an animated feature-length version. However, he faced many problems in production process, people did not believe anyone would go to a one hour animated movies, even the media also said that was “Disney folly”. He continued his production and at the end the “Snow White and the Seven Dwarfs” officially launched in Hollywood. Snow White successfully opened a new page in the history of animation, from the cartoon was no longer just a cartoon, and became animated.
1932, Walt won the Academy Award, “Flowers and Trees”, the first colourful and provide sounds cartoon. Following this, he keeps launched the “Pinocchio,” “Three Little Pigs,” “Bambi” and a lot of excellent cartoons. In Walt’s later years, he focused on planning for a new theme park and in 1955 Disneyland was created, which was the world first theme park.
Walt has been advancing toward his dreams, along the way, he experienced failure, was hit, being ridiculed and discouraged, but he did not give up. And now, he was success. He became one of the world’s famous filmmakers, directors, playwrights, voice actors and animators. Walt brave to pursue his dreams, his excellent insight and a keen eye for business made him a well-known entrepreneur. So far still get the most Oscars people in the world. A visionary, Walt is an inspiration to an entire generation.

Open Risk Taker
In July 1923, Walt sold his camera and, with the little money he had, moved to Hollywood. He had decided he wanted to be in the motion picture business instead and envisioned himself as a director. He moved in with his uncle Robert Disney and set out to look for a job. Every studio in town turned him down. As a last resort Walt returned reluctantly to animation. He had sent his unfinished project Alice’s Wonderland starring child actress Virginia Davis to Margaret Winkler in New York. When the distributer offered him a deal, Walt asked his brother Roy and best friend Iwerks to join him, and together they began the Disney Brothers’ Studio. It was at this studio where a young woman named Lillian Bounds was employed and met Walt. After a year of dating, the two married.
The series, renamed Alice Comedies, was successful in 1926 but the company decided the series had run its course. Margaret Winkler had married Charles Mintz who took over the company and wanted a new animated series. This came with Oswald the Lucky Rabbit, and was an instant hit. It was distributed by Universal – the first major company to distribute one of Disney’s cartoons. The rabbit was drawn and created by Iwerks. It was so successful that it was shown in major theatres around the country with first–run films. In February 1928 the contract for Oswald was up for renewal and Walt boarded a train to New York to strike a deal. Mintz had other plans for Oswald. He decided he no longer needed Walt, and by hiring Walt’s staff could produce the cartoon himself. As distributer, he had the rights to do what he liked with the cartoon. Walt was devastated. He decided then and there that he would now only work on characters to which he owned the rights. On the train ride home from New York, Walt knew he desperately needed a brand new idea. He didn’t want to admit he had lost Oswald without another plan. In the back of his mind he had the idea of a mouse – a sympathetic character that had a lot of potential. He called the mouse Mortimer, the name eventually changed to Mickey Mouse thanks to the insistence of his wife.
Although Mickey Mouse was not an overnight success, the introduction of sound changed everything. Mickey first appeared in May 1928 in the unfinished short Plane Crazy. Six–months later he starred in Steamboat Willie with partner Minnie. The short was a parody of Joseph M.Schencks’ blockbuster Steamboat Bill, Jr, and revolutionary for its time as it was the first cartoon to have synchronised sound. Walt had struck a deal with American businessman Pat Powers who would provide all the necessary sound equipment to theatres and distribute the cartoon. The cartoon had live voice–overs, sound–effect people, and an orchestra. Walt had a very unique and specific idea for Mickey’s voice but could not find anyone who could replicate the way he imagined it to be. So it was Walt who voiced Mickey. Walt and his mouse made front–page news, and Mickey had finally overtaken his silent competitor, Felix the Cat.
Intrigued by animation and music, Walt produced a series called Silly Symphony. The first in the series, The Skeleton Dance, became very popular. It consisted of skeletons simply dancing in a graveyard to music. Walt demonstrated you didn’t need a storyline to provide entertainment. In 1932, Walt discovered the new phenomenon of technicolour. He had been working on a project called Flowers and Trees, which was a part of the Silly Symphony series, and to Roy’s bewilderment told him they would reshoot the animation using the new technology. Flowers and Trees went on to become the first–ever cartoon to win an Oscar.


In the following years, Walt took on a new role within the company. He wanted to focus on story development for new projects, and, while giving guidance to his animators, would leave the animation to them. An art–school was set up within the company, and every animator was required to undergo special training in the Disney–style of animation. Then one day in the 1930s Walt called a meeting. Unlike other meetings, he began with the retelling of his favourite childhood fairytale, Snow White and the Seven Dwarfs, spontaneously acting out all the parts. It was this story that the animators with their new training would bring to the silver screen.

From the journey that Walt have been faced, its clearly showed that he is obviously an open risk taker because he tends to behave in a way that can potentially cause physical harm or financial loss but still he puts on his confident and thrived on innovation which at last brings a rewarding outcome and success in his career. 

Proactive - Tan Sri Syed Mokhtar Al Bukhary




      Tan Sri Syed Mokhtar Al Bukhary was born in Alor Setar, Kedah in 1951. His family came from Hadhramaut, Yemen. His father was always traveled till Southeast Asia to trade. In the mid 1940s, Tan Sri Syed Mokhtar’s father decided to settle in Alor Setar, Kedah. Tan Sri Syed Mokhtar is the third child of seven siblings. They are living in poverty as they live in wooden houses that do not have a bed, table or chair. Tan Sri Syed Mokhtar started school in Alor Setar but when he reached the age of 9 years old, he was sent to live with his uncle, Syed Omar in Johor Bahru. He lived with his uncle until form two. Then, Tan Sri Syed Mokhtar back to his hometown in Alor Setar and futher his studies up to form five in Saint Michael's School.


Due to his family circumstances who are less fortunate, Tan Sri Syed Mokhtar helped his mother grow vegetables and sell them in the market located at Jalan Telok Wanjah to accommodate his family income. He also sells roti canai in the same market. After school, Tan Sri Syed Mokhtar helped his father shearing the farm animals. However, in the 1970s, his father's livestock business decline due to the outbreak of foot and mouth. All animals die so soon. After that, he moved to the transportation business. In 1972, he succeeded in getting a permit for the four trucks of class A under Sentosa Motor Company. In 1974, Tan Sri Syed Mokhtar bought its first house in Telok Wanjah Department, Alor Setar below under hire purchase agreement with Pebadanan Urban Development Authority (UDA). In 1975, he set up a company and apply for a license Shah trading of Bernas rice (formerly known as Lembaga Padi Negara). He managed to get a contract for the supply of rice to the FELDA MARA, Pernas trafficking and several subsidiaries of the Johor State Economic Corporation.
From supplying of the rice, he then expands to other commodities such as sugar by Bukhari Sdn Bhd. which remains till today. Now Bukhary Sdn. Bhd. reaching an annual turnover of £ 250 million. A year after Bukhary Sdn. Bhd. began operations, he established Bukhary (KL) Sdn. Bhd. for a contract to supply rice, tea, powdered chocolate, powdered milk, and ghee to the government. When he got the contract to supply it, Tan Sri Syed Mokhtar set up Susu Mas Sdn. Bhd. in 1979, a joint venture with New Zealand Milk Products and markets its products under the brand Fernleaf and Ancor. However, due to the economic crisis, he was divest its stake in Milk Mas Sdn. Bhd, in the mid80s.


       Tan Sri Syed Mokhtar was invited to join the Canton Trade Expo, China in 1978. During his stay in China, he has performed with the barter system which converts the output of cocoa with tea from China. He subsequently had stepped into manufacturing military uniforms for the Ministry of Defence which is to supply the army of 120,000 pairs of shoes and 330,000 pairs of uniforms. As a result of this success, he founded Amtek Holdings to manufacture shoes and Oriental Garments Uniform Division to manufacture clothing. In 1998, Amtek Holdings was listed on the Second Board of the Kuala Lumpur Stock Exchange (KLSE). The money raised from this listing Spark Manshop he had bought for the manufacture and marketing of branded apparel Crocodile. Now, a subsidiary of Amtek, Amtek Holdings Garments Sdn Bhd. has released military footwear and clothing designer Lee Cooper and Louis.



      He also has been involved with shipping business by establishing Bukhari Shipping and register with the Treasury. Bukhari Shipping acts as ships marker under the cabotage policy. Shipping Bukhari also via Tan Sri Syed Mokhtar bought a German-made ship which was 28 years in the US1 million dollars. The vessel was named Angsa Mas and used to transport rice from Thailand to Sabah and Sarawak. However, the business suffered heavy losses forced him to sell his ship at US600,000 dollars. At the same time, he began to get involved in a number of housing projects under Bukhary Development Company.
Tan Sri Mokhtar also involved in the privatization of Johor Port Sdn. Bhd. and Johor Tenggara Oil Plam Sdn. Bhd. He bought Johor Port through tender at a price of RM 330 million. Johor Tenggara Oil Palm Sdn. Bhd. was bought at the price of RM 135 million. Through the Johor Port Sdn. Bhd, he was successful in their projects Port of Tanjung Pelepas. He managed to popularize the port so that it can convince the two international shipping company, Maersk Sealand of Denmark and Evergreen Marine of Taiwan to be moved from the Port of Tanjung Pelepas.



      He also managed to establish Equiventure Sdn. Bhd. (the privatization of the water), a joint venture between his company, Business Dynamics and company Oneo of France. Dynamic Kembangan holding in the company stood at 49 per cent. He also bought the engineering company MMC Corporation at a price of RM 3 per share from Saham Nasional Berhad (PNB). Tan Sri Syed Mokhtar also owns 22.7 percentage stake in Malakoff Berhad, the electricity supply company and 20 per cent stake in IJM Corporation Berhad where the main business is manufacturing.



      In addition, he also has 18 percent of stake in Bernas and a 32 percent stake in Pernas International Holdings Berhad, a large conglomerate in the future. Meanwhile, 18.7 per cent stake in Fiamma Holdings Berhad, the marketing company and distributor of electronics and a 100 percent interest in the company's retail and distribution of books MPH.




      Lastly, its clearly shows that Tan Sri Syed Mokhtar is a proactive entrepreneur which always seems tend to take action and persevere in challenging situations. He is very good at locating opportunity and then pursuing it relentlessly.   

Team Oriented - Mark Zuckerberg

Team oriented means that a group of people organized to work together and leader will concern all member and willing to receive all the suggest.

Facebook founder is the one example of the entrepreneurs who had this characteristic. Mark Zuckerberg is the co-founder and CEO for the social-networking website Facebook and he also known as the one of the world's youngest billionaires.


He was born on May 14 in year 1984 in the White Plains, New York. While Mark Zuckerberg was studying at the Harvard University, he with his friends that are Dustin Moskovitz, Chris Hughes and Eduardo Saverin to work on an idea for a social networking website. Zuckerberg and his team friends created a site called Facebook out from Harvard University's dormitory rooms. They created a site that allowed users that can simply to create their own profiles, upload their own photos and communicate with other users.

Zuckerberg always said that build a good team on teamwork. “One definition that I have for a good team is a group of people that makes better decisions as a whole than would individually make as a sum of the parts.” He adding that “when building a team you want to think about the dynamics so that way you can maintain this property that the team makes better decisions as a group than any individual would.”




Zuckerberg had learn a lot about choosing good people to work for him. He hires people based from
what they have shown an initiative to do on their own work. When Facebook is being praised, he will remind his team members to keep in mind that they are not as good as people say they are. All need to find the equilibrium. Facebook knows how valuable the right people are.

A lot of company always encourages their own workers to form a team around projects that they are fully passion. It is because the Facebook founder that had clearly understand that a great work comes out of doing what you had adore. This approach not only ensure that employees give their best to the project, but it also provides opportunities for career growth.

A successful entrepreneur should always partner with people that complement your skills.  Mark Zuckerberg with his team setup their first office in year 2004, during that time he had turned down major offers from some corporations which interested in buying his project. Zuckerberg explained that the reason he did not sell his company because of he was not interested in money, but motivated by his passion to produce an open information flow for people with his social network. With the suggestion of Apple Inc.’s founder, Steve Jobs, Zuckerberg put together into a management team that focused on building Facebook into a high quality business.

Outcome Oiented - Tony Fernandes

Outcome oriented is a term used to describe an individual or organization that focuses on outcome rather than process used to produce a product or deliver a service. As such, a number of processes are used where the most effective and economical process is identified.



In this part, Tan Sri Anthony Francis "Tony" Fernandes, CBE (born 30 April 1964), a Malaysian entrepreneur who is the founder of Tune Air Sdn. Bhd is identified as an entrepreneur who is outcome-oriented. He introduced the first budget no-frills airline, AirAsia, to Malaysians with the tagline "Now everyone can fly". Fernandes achieved his goal by turned AirAsia, a failing government-linked commercial airline, into a highly successful budget airline public-listed company. Since that time, he has founded the Tune Group of companies.


     Fernandes’ starting was through Datuk Pahamin A. Rejab, the former secretary-general of the Malaysian Domestic Trade and Consumer Affairs Ministry that Fernandes came to meet with then Prime Minister, Tun Dr. Mahathir Mohamad in October 2001. Mahathir advised Fernandes to buy an existing airline instead of starting from scratch. AirAsia, the heavily indebted subsidiary of the Malaysian government-owned conglomerate, DRB-Hicom, was losing money. Fernandes mortgaged his home and used his personal savings to acquire the company, comprising two Boeing 737-300 jet aircraft and debts of US$11 million (RM40 million), for one ringgit (about 26 US cents), and transformed it into an industry player. One year after his takeover on AirAsia, the company had broken even and cleared all its debts. Its initial public offering (IPO) in November 2004 was oversubscribed by 130 per cent.


Fernandes says his timing was in fact perfect because after 11 September 2001, aircraft leasing costs fell 40%. Besides, airline lay-offs meant experienced staff were also readily available. He believed that Malaysian travellers would embrace a cut-rate air service that would save them time and money, especially in a tight economy. Fernandes estimated about 50 per cent of the travellers on Asia’s budget airlines are first-time flyers and before the advent of AirAsia, he estimated that only six per cent of Malaysians had ever travelled by air.


Fernandes' biggest achievement was to open up countries within the region to new budget carriers, which previously did not have open-skies agreements. As a result of Fernandes' lobbying in mid-2003, Dr Mahathir brought up the idea with leaders from neighbouring countries. Those nations subsequently granted landing rights to AirAsia and other discount carriers.


     In Thailand and Indonesia, AirAsia holds a minority stake in the respective local companies. Thai AirAsia, a joint venture with Shin Corporation, Thailand’s largest telecommunication conglomerate, took to the skies in Feb 2004 and has to date carried over 1 million passengers in its first year of operations. PT Awair, re-launched as a low fare airline on 8 December 2004 and subsequently renamed Indonesia AirAsia, presently serves 5 domestic destinations in Indonesia.

In 2007, Fernandes started a hotel chain, Tune Hotels, which also based on the no frills concept. It has properties in Britain, Australia and the Far East. In February 2014, Forbes Asia valued Fernandes' net worth at $650 million, ranking him at number 28 on the Forbes list of Malaysia's Richest.



As conclusion, Fernandes has achieved his childhood dream as he builds a budget no-frills airline and even started his hotel chain which also based on no frills concept. His spirits on focusing on his dream realisation is inspiring.

Open Culture – Sergey Brin and Larry Page

Open Culture is a concept according to which knowledge should be spread freely.  It enriching already existing works on the basis of sharing and collaboration, without being restricted by rules linked to the legal protection of intellectual property.  The consequence is that all citizens should have equal access to information in a context of globalization.



Sergey Brin and Larry Page are known as the person who established a very popular and extremely important search engine called Google. In this globalization era, it is important and crucial for people to have a friendly and easy search engine in order for us to get and excess the information that we required. That is where Google came and play its role because Google are the only search engine that so easy to use and it’s so convenient as if you are one click away from the information that you want. Sergey Brin and Larry Page manage and success to do so because they are open minded,especially to new idea and also suggestions.


They believe that when a person talk, we don’t look and judge the person who talked,but we looked and judge what they talked. By doing so, they manage to gain lots of idea and that surely can improve and also give a positive impact to their company. Besides that, they also apply this creative and unique rules in their company where all the employees in their company can speak and provide idea directly to them either using direct email or face to face. What's special about this rules are, everybody in that company can provide ideas regardless their position in that company. This rule shows that both of them are so open minded in doing business. Next, another character in both of them that show how open minded there are is when Google allow its engineers to spend 20% of their work week on projects that interest them, Google is able to tap into the many talents of its employees by doing so. The reasons why their area so open minded is because they believe that there a lot of room for improvement, there’s no inherent ceiling we’re hitting up on.
The conclusion is Sergey Brin and Larry Page reflect an extremely important attitude or traits called open culture. For me, that was the reasons why both of them gain lots of success until today and it will be good and useful for us to apply the same things as they do in our life.


Failure is an option - Colonel Sanders

Failure is a nature startup and the principle to be a successful entrepreneur should are not always succeed. Some of the most famous entrepreneurs had to fail until they ultimately succeeded.

The example of an entrepreneur that made failure is an option in life has to be the famous was Colonel Harland Sanders who founded the Kentucky Fried Chicken, known today as KFC in his 60s. Colonel Sanders was born September9 in 1890 and grew up on a farm in Henryville, Indiana. Colonel Sanders faced a string of difficulty and failures before he ever achieved any entrepreneurial success at the age of 65.

When he was 6 years old, his father died, he become responsible to take care of his younger brother and sister while his mother must spent long days for working and by the age of 7 he was already a decent cook to feed his siblings. Beginning of the age of 10, he held down numerous jobs, including farmer, tire salesman, railroad fireman, insurance salesman and streetcar conductor.

At his 40 years old, Colonel Sanders was running a service station in Kentucky, where he can also feed hungry travelers. In 1939, his breakthrough when he found that frying chicken in a pressure cooker and with its signature which provide with “11 herbs and spices”. Colonel Sanders converted his operation bring into a restaurant across the street, and featured with 11 herbs and spices cooked fried chicken catch the attention that he was named a Kentucky colonel by Governor Ruby Laffoon. Following the success, he made deals with some local restaurants to sell his featured chicken for a royalty.

However, a failure hit when an interstate bypass took traffic away from his restaurant, which forced him to close in 1956. After closing the restaurant, this failure did not determine he from further pursuing the franchising of his chicken, so he packed with his pressure cooker and went to a road trip stopping at restaurants to cook his chicken for them. He traveled across the country and cooking batches of chicken from restaurant to another restaurant. Sanders devoted himself to franchising his chicken business. His perseverance led to nearly 600 restaurants selling his chicken in 1963. He had selling his company to a venture capitalist, however his friends have said that he cared more about the being known for his cooking rather than money.


 His first franchise sale went to Pete Harman of Salt Lake City. Kentucky Fried Chicken went to public in year 1966 and it was listed on the New York Stock Exchange in 1969. KFC now is the 11th largest fast food company in the world.


Colonel Sanders described himself in his 1974 autobiography “a sixth-grade dropout, a farmhand, an army mule-tender, a locomotive fireman, a railroad worker, an aspiring lawyer, an insurance salesman, a ferryboat entrepreneur, a tire salesman, an amateur obstetrician, an (unsuccessful) political candidate, a gas station operator, a motel operator and finally, a restaurateur.”

However, he was a failure as a restaurateur. He selling his spice blend and equipment to start a chicken franchise allowed him to follow his passion to the food while by passing restaurant operation. He shown the characteristic that never give up from the failure. A successful should always follow your own passion through to fruition. Colonel Sanders had a love of cooking. 

Visionary - Steve Jobs

According to the Cambridge Dictionaries Online, visionary is a person who has the ability to imagine how a country, society, industry, etc. will develop in future and to plan in a suitable way. (Cambridge University Press, 2015). In other words, visionary people has the ability to see what others cannot see. Visionary people being able to have a picture of exactly the result of what they have intended to produce in their mind. Hence, a visionary entrepreneur can see exactly what his or her business is going to look like in every detail when it is finished. More or less you can say that a visionary entrepreneur is like a necromancer who can predict the future. That is how amazingly the mind of a visionary works and this shows how can become a visionary entrepreneur that can be a big helper in business.

Steven Paul Jobs or known as Steve Jobs was born on February 24, 1955, in Francisco, California. His biological parents give their son up for adoption. He was adopted by Clara and Paul Jobs and named Steven Paul Jobs. They lived in Mountain View, California and now knowns as Silicon Valley. Jobs and his father worked on electronics in the family garage. Paul shows his son how to take apart and reconstruct electronics and become his hobby and his confidence. He builds an empire of Apple with Steve Wozniak. On October 5, 2011 Steve Jobs was dead after battling pancreatic cancer for nearly a decade.

Apple introduced when Steve Jobs had realized there was a huge gap in the computer market. At that time almost all computers were mainframes. They were so large that the one could fill a room. And costly that individual could not afford to buy them. Advances in electronics, however, meant that computer components were getting smaller and the power of the computer was increasing.



Later, Apple introduced such revolutionary products as the MacBook air, iPod and iPhone, all of which have dictated the evolution of modern technology. Almost immediately after Apple releases a new product, competitors scramble to produce comparable technologies. Apple’s quarterly reports improved significantly. So, it improves Steve Jobs is a visionary entrepreneur that always creates a new modern and intelligent device that make society getting easier. 

Observant - Tan Sri Dato Seri Lim Goh Tong

In order to strive for success in being an entrepreneur, one have to be an observant, which means he has to be good at watching and listening. He also can be good at noticing what is going on around him.



For example, Tan Sri Dato Seri Lim Goh Tong (28 February 1918 – 23 October 2007), a prominent wealthy Malaysian Chinese entrepreneur, was an entrepreneur owns the trait as an observant. He was renowned for his vision and courage in transforming Genting Highlands from an unexplored hilltop into one of the world's most successful casino resorts. He was once the richest man in Malaysia with a net worth of US$4.2 billion.



The idea of building a hilltop resort was first conceived when Lim Goh Tong was having a dinner at the Cameron Highlands. While he was enjoying the soothing cool breeze of the Cameron Highlands, an idea struck him that the standard of living has been rose steadily in Malaysia, more and more people would visit mountain resorts for relaxation and recreation. He also observed that Cameron Highlands was too far away from the capital city Kuala Lumpur, therefore building a mountain resort nearer to Kuala Lumpur would have a great business potential.

Lim has done some researches and he found Gunung (mountain in Malay) Ulu Kali at a place called Genting Sempah to be an ideal location for his plan. He formed an expedition and explored the place, collecting data about the topography, drainage, soil conditions and other relevant aspects of the region, which will be very useful in drawing up plans for development of the resort.


After getting approvals from the Federal and State governments, Lim began the project in the face of a colossal task, which including the problems of building the access road towards the hilltop, water and electricity supplies, sewerage system and fire safety. Lastly, Lim managed to build the access road towards the summit which was estimated to take fifteen years in three years. Besides, several sources of water in the mountain were identified, water supply was secured by building water-collection stations and water filtration plants with treated water stored in reservoirs. Meanwhile, the electricity is supplied through a central electricity generation system with 12 big generators.

At that time, Lim spent all he had during the Genting project without earning any income. He sold an 810-hectare rubber estate to raise RM2.5 million. He also invested all the money he had made from iron mining, sub-contracting and hardware businesses in the project. The project was a heavy drain on Lim's finances. Lim has asked his friends to invest in this project, but they turned him down and counselled him to drop the entire scheme instead.

After the project has been success, Genting was granted the only casino licence after Tunku Abdul Rahman, the prime minister of Malaysia, visited Genting Highlands. He commended Lim's effort to develop a resort which then contributing to Malaysia's tourism industry without government help.
Besides that, Lim managed to obtain a pioneer status for Genting Highlands and tax incentives despite its resort development not qualifying for it. He had convincing the government that tax incentives in the early stage of development of Genting Highlands were not only vital for them but also profitable to the government in the future.

In the next 30 years, Lim continued the development and expansion of Genting Highlands beyond its original idea of a hotel with basic tourist facilities. Among the projects he developed were the construction of more hotels, indoor and outdoor theme parks, and a convention centre. A new road was built to shorten the journey to Genting from the northern states, and he also invested RM920 million to widen a 10 km stretch of the access road to reduce congestion. Moreover, another RM928 million was spent on the construction of a cable car system to provide the visitors with an alternative mode of transportation.

In 1993, Tun Mahathir, the prime minister of Malaysia at that time has suggested to develop a township on an 81-hectare piece of land around the site of the Genting Skyway cable car station. It was named as ‘Gohtong Jaya’, as a token of remembrance for Lim’s efforts in the development of Genting Highlands.
As of now, Genting Highlands is one of the most successful Casino resorts in the world. It is also one of the primary tourist attractions in Malaysia. Lim's company, Genting Group operates Genting Highlands and has diversified into many other industries such as plantations, property, paper, power generation, oil and gas exploration and cruise boat industries. In the process, many of the new company brands were created and have become distinctive names in their respective fields, namely Asiatic, Genting Sanyen (paper manufacturing) and Star Cruises.

On 31 December 2003, Lim officially handed his chairmanship of Genting Group over to his son, Tan Sri Lim Kok Thay.

Open Risk Taker - Tan Sri Jeffrey Cheah



Tan Sri Jeffrey Cheah is the CEO of Sunway Group, he was born in Pusing, Perak and had six siblings. He received his higher education from Footscray Institute of Technology, now known as the University of Technoogy Victoria, Australia. After successfully completing his studies, he began his career as an Accountant in a motor assembly plant.


Tan Sri Jeffrey Cheah started to venture into entrepreneurship and became the founder and leader of the Sunway Group. In terms of its history, the Group managed to take three periods of economic recession successfully. In 1974, he conducted the tin mining business through Sungei Way company with a paid up capital of RM100,000. In 1977, the recession hit the country, but the company can survive. After several years of business, tin has been mined out and he has turned to sand mining and quarrying. The favorable performance makes it his business successfully listed on the main board of the Kuala Lumpur Stock Exchange in 1984 as Sunway Holdings Berhad.

In 1985, Malaysia was hit by the economic downturn and in the 1980s, felt the impact of economic recession is more obvious. By the year 1987, Sunway Holdings Berhad recorded a loss of nearly eliminate shareholders' funds. However, Tan Sri Jeffrey Cheah take some steps in order to survive. After the recession ended, Tan Sri Jeffrey Cheah began to take steps to spread risk and diversify its business undertakings. Sunway Holdings Berhad began to engage in property development, property investment, manufacturing, hospitality and entertainment related businesses. The results of diversification, he managed to establish Sunway City Berhad, Sunway Construction Berhad and Sunway Building Technology Berhad.


Then, there were the Asian economic crisis in 1997 in which Sunway Holdings Berhad also feel the pinch. In the face of the economic crisis, he has taken some measures risk by collecting all the workers Sunway Holdings Berhad and showed stability at the time of the company's accounts. He wanted to get the full support of every employee to ensure that the companies pay salaries on time. The next action is to reduce the cost of selling unneeded equipment and close a business that does not bring results. Tan Sri Jeffrey Cheah has reduced his salary and changing lifestyles in order to reduce the force and wasteful luxurious way.

Tan Sri Jeffrey Cheah has long aims to develop Bandar Sunway, but many are not confident in his ability to develop the former mine. With spirit and strong determination, he managed to develop Bandar Sunway in the vicinity of the mines and now Bandar Sunway was worth RM 2 billion and a city complete with amenities such as schools, hotels, resorts, shopping malls, hospitals, high-tech and superior residential area in the Klang Valley.

Tan Sri Jeffrey Cheah looking for many business opportunities abroad such as Australia, Taiwan and India. At the same time he also entered into partnerships and joint ventures with other parties such as Singapore government investment company. Now, he is also the founder of the Institute of Asian Strategy and Leadership (ASLI), an institution set up to promote international trade and investment through a dialogue at the level.

Tan Sri Jefffrey Cheah is a person who likes to learn from mistakes. Apart from relying on the fact, he also did not forget to make use of intuition and use it in decision making. He also does not let emotions control him as he makes decisions based on reason, not emotion. Apart from risk taking attitude, he is also very high regard and trust in the ability and integrity was holding held to achieve success.