By:– Dr Nur Yuhainis Ab Wahab

LEARNING OBJECTIVES:-
1. Explain the concept of entrepreneur and entrepreneurship
2. Elaborate the characteristics of successful entrepreneur
3. Describe the types of entrepreneurship
 WHO IS THE ENTREPRENEUR?
• Entrepreneurs is an individual who always dare to take
entrepreneurship endeavour.

• Brave to take any risk associated to the business, whether it

is financial or non – financial risks for each start up or new
ventures.

• Entrepreneurs are individuals who actively form or led their

own business and nurture them for growth and prosperity.

• The entrepreneurs who undertake entrepreneurial activities

will identify economic needs, consider offering a business
solution, proceed assembling the resources required and
assume the risk of either succeeding or failing.

• The term is also used to refer to someone who shows

initiatives and the one who introduces change as well as new
order while contributing to economic development of a
nation.
By:– Dr Nur Yuhainis Ab Wahab
THE ROOT OF ENTREPRENEUR
•The term “entrepreneur” is originated from French word
“entreprendre” which means ‘a go between’ or ‘between – taker’.
Originally

•French verb ‘entreprendre’ means ‘to do something’ or ‘to undertake’.

13th
century

•The noun (entrepreneur) had emerged to refer to someone who

16th undertakes a business venture.
century

•An economist Richard Cantilon is believed to be the first who used the
term which refer to someone who bear the risk associated with the
1730 business engaged.

By:– Dr Nur Yuhainis Ab Wahab

 DEFINITION OF ENTREPRENEUR

ECONOMIST
Entrepreneur Who brings capital, labors, land (assets and resources) into combination
that makes the value greater than before

PSYCHOLOGIST
A person that is typically driven by certain internal forces to obtain
something, experiment, explore and escape authority of others

BUSINESSMAN
Either a threat (aggressive competitor) or an ally (source of supply,
customer, etc..)

By:– Dr Nur Yuhainis Ab Wahab

 INDEPENDENCE
The condition of not working for others,
1 3 PROFIT
Entrepreneurship offers a vehicle for
Being able “to do your own thing”, make your
creating huge financial rewards and self –
own decision, and exert greater control over
satisfaction, It can be a fast route to
your working environment are attractive
richness.
alternatives to the conformity associated with
life in a big company.
WHY PEOPLE BECOME AN ENTREPRENEUR
Some may challenge themselves by
Looking for chance to be part of a taking the calculated risk of business
new environment or to be exposed to venture. Typically, higher risk often
a new environment. associate with higher return.
OPPORTUNITY 2 4 CHALLENGE

By:– Dr Nur Yuhainis Ab Wahab

 ENTREPRENEURIAL CHARACTERISTICS

EXERCISE 1

Watch https://www.youtube.com/watch?v=IJXBet--kvg

Find several entrepreneurial characteristics associated with the

entrepreneur
 LIST OF ENTREPRENEURIAL CHARACTERISTICS
Understand
Got lot of Make the best Business
what the Original flair
ideas of things planner
people want

Making cash Turns wants

in different Made a plan and needs into Work out
ways real product

Bring ideas to Never use the Dreams sky –

Self – belief
life word “cannot” high

Look around
Initiative with ears to Super clever Vision
the ground

Make a buck
Determination Begin with
of any Visualize
and drive simple idea
endeavor
By:– Dr Nur Yuhainis Ab Wahab
 UTMOST IMPORTANT CHARACTERISTICS TO BE SUCCESSFUL
ENTREPRENEURIAL
7. PASSION
1. SELF - MOTIVATION 3. TAKE RISKS 5. BASIC MONEY MANAGEMENT Feel deeply about their product
You need to be dedicated to your plan Playing it safe almost never leads SKILLS AND KNOWLEDGE or services or mission. It help to
and keep moving forward – even if to success as a business owner. Understand how money works so that find motivation when you are
you aren’t receiving an immediate Understanding calculated risks you know where you stand, and run your discouraged and it will drive your
paycheck that are more likely to pay off business on sound principles. forward

2. UNDERSTAND WHAT YOU OFFER 4. KNOW HOW TO NETWORK 6. FLEXIBILITY

Need to know what you offer and how
it fits into the market. Whether it’s a
product or service.
Being able to connect with others and
recognize partnership opportunities
can take you a long way as a business
owner
Be willing to change as needed. Stay on
top of your industry and be ready to adopt
changes in processes and product as
they are needed
By:– Dr Nur Yuhainis Ab Wahab
 ENTREPRENEURIAL CHARACTERISTICS

EXERCISE 2

Find out and read any articles, regarding the most favorite entrepreneur
that you really want to be like.
List down and elaborate any three (3) of the entrepreneurial characteristics
that made them succeed in their business endeavour.
 WHAT IS ENTREPRENEURSHIP ?

• Entrepreneurship = process of identifying the opportunity

converting the opportunity into marketable products or
services using creative and innovative means and through the
process creates value and wealth to the society.

• It also refer to economic study of a person who starts,

manages, assume the risk of a business venture.

By:– Dr Nur Yuhainis Ab Wahab

 EXERCISE 3 WHAT IS ENTREPRENEURSHIP ?
By using the illustration below, please define the term “entrepreneurship”.
The process

Sales By:– Dr Nur Yuhainis Ab Wahab

 TYPES OF ENTREPRENEURSHIP
INDEPENDENT CORPORATE SOCIAL COOPERATIVE DIGITAL FRANCHISE

Begin with Involves in To solve Carried out

identifying a Be more Firm that
creating new community’s business entity diverse and already
business products and problem in a registered
opportunity, geographically successful
services in very specific under the for business product or
setting up the order to timeframe and Malaysian
business entity, borderless. service
sustain limited Cooperative
growing existence resources Societies
business to (R&D) Commission
higher level & For example: For example:
Act early marketer KFC, McD
planning the
For example: For example: Prof in Msia is Irfan
harvest strategy
Muhammad Yunus Khairi
Tan Seri Syed a prominent For example:
Mokhtar Shah Bangladeshi Koperasi Guru
(Malaysian economist put Malaysia
King of Rice) effort & to set up (KGM)
bank for poor
(Grameen Bank)

By:– Dr Nur Yuhainis Ab Wahab

SUCCESSFUL MALAYSIAN ENTREPRENEUR

CORPORATE TITAN
➢ Tan Sri Syed Mokhtar Shah lived in a Kampung Hutan
Keriang in Alor Setar, Kedah
➢ He took over his father business and started his own
business ventures included transportation and rice in
first few years
➢ He is one most of reclusive tycoon in Malaysia – with an
estimated net ~ USD 1.8 billion according to Forbes
➢ Have assets include MMC Corp and DRB – Hicom Group

By:– Dr Nur Yuhainis Ab Wahab

SUCCESSFUL MALAYSIAN ENTREPRENEUR

THE FATHER OF HAWKERS

➢ Tan Sri Datuk Tiong Su Kouk is the founder of CCK
Consolidated Holdings Berhad, which Sarawak’s largest
producers of frozen seafood.
➢ He started out as a fishmonger with only a RM3.40
capital given by his father.
➢ At age 27, he was open Sibu’s first ever frozen seafood
outlet at a time when people said “frozen foods were
stoned”.
➢ Almost six decades later since his days as fishmonger,
Tiong has continued to expand his influence beyond
seafood production as his business ventures now
include shipbuilding, ship leasing, and even property
development.

By:– Dr Nur Yuhainis Ab Wahab

SUCCESSFUL MALAYSIAN ENTREPRENEUR

COSMETICS MILLIONARES
➢ Dato’ Seri Hasmiza Othman known as Dato’ Vida is one
of the most successful businesswoman in Malaysia.
➢ Establish her own empire of cosmetics and health
business, Vida Beauty and Qu puteh.
➢ She was born in Machang, Kelantan and famously
known as flamboyant entrepreneur in beauty and health
industry.
➢ She has endured a lot of hardships since childhood
started from losing her father at the tender age of 8 and
losing her 2 children who died in a tragic fire incident in
August 2013.

By:– Dr Nur Yuhainis Ab Wahab

SUCCESSFUL MALAYSIAN ENTREPRENEUR

KING OF MINI – MART

➢ Lee Thiam Wah is founder of mushrooming chain of
retail outlets called 99speedmart.
➢ He has been wheelchair – bound since 8 months old
➢ With bold entrepreneurial spirit that he posses, he
manages to run a chain of more than thousands od
99speedmart outlets all over Malaysia
➢ He is believed to have earned millions of annual
revenue.

By:– Dr Nur Yuhainis Ab Wahab

SUCCESSFUL MALAYSIAN ENTREPRENEUR

BITCOIN MILLIONAIRE
➢ Dato Seri Nicky Low has worked hard to be able to
thread the needle of running a profitable company that
innovates and nurtures talent alongside helping those in
less fortunate positions.
➢ With just the few snippets that he releases to the public
about his philanthropy it seems he is a leading light in
Malaysian bitcoin millionaire community.

By:– Dr Nur Yuhainis Ab Wahab

SUCCESSFUL MALAYSIAN ENTREPRENEUR

E – TOURISM INNOVATOR
➢ Faeez Fadhlillah is the CEO and Co – founder of Tripfez
& Salam Standard, an innovative, state of art travel
portal dedicated to the rise of global muslim travellers
➢ Faees was named 30 under 30 by Forbes magazine in
2016, 40 under 40 by Prestige, Top 10 Young
Entrepreneur Rising By Top 10, People To Watch 2016
by TTG and Most Innovative Young Leaders Award 2016
by USCI.
➢ Under his watch, Tripfez was named as “2018 Malaysia
E – Commerce Company of the Year – Hospitality &
Travel Industry” by Frost & Sullivan.

By:– Dr Nur Yuhainis Ab Wahab

THANK YOU