UCS102 ENTREPRENEURSHIP IN ASIA

TOPIC 2: : PERSONAL QUALITIES OF ENTREPRENEUR

Reason For Being An Entrepreneur

No Income Restrictions

Leaving the Rat Race

Implementing an Idea
Reason For Being An
Entrepreneur

Escaping Dysfunctional
Workplaces

Pursuing a Passion
Entrepreneurial Characteristics

Initiative and responsibility Ability to set innovative

High degree of commitment Seeking feedback

Opportunity orientation Ability to set vision

Moderate risk taker Skilled at organizing

Confident and optimistic Internal locus of control

Creative and innovative Tolerance to failure

Seeking feedback High level of energy

Drive to achieve Team building

Independent Flexibility
Risk of Being Entrepreneur

Uncertainty of income

Risk of Losing Entire Investment

Long Hours and Hard Work

Risk of Being Entrepreneur

High Stress Level

Difficulty in Obtaining Customers

Complete Responsibility
Risk of Being Entrepreneur

Difficulty in Obtaining Loans

Discouragement
Characteristic of Successful Entrepreneurs

Able to Identify Opportunities

Action Oriented

Always seeking to Improve

Characteristic of Successful Entrepreneurs

Orient Themselves to Customers Needs

Value Their Employees

Able to Faces Reality

Characteristic of Successful Entrepreneurs

Able to Tolerate Tedium

Able to Rebound From Disappointments

Risk Takers
Characteristic of Successful Entrepreneurs

Locus of Control

Independent and in Control

Entrepreneurial Mind-set In Individuals
Entrepreneurial Mind-set
Activity
• Discuss the scenario of entrepreneurial development in Malaysia.
• The success of a business venture depends on the entrepreneur's skills.
Explain three major skills that are required by an entrepreneur.