Entrepreneurial Traits with an Example of Entrepreneur for Each Trait

Entrepreneurial Traits with an Example of Entrepreneur for Each Trait

1.1 Integrity and Reliability ( Fadzarudin Shah Anuar )

Integrity is a personal quality of fairness that people aspire to. Having integrity means doing the right thing in a reliable way. It is a personality trait that people admire, since it means a person has a moral compass that does not waver. While reliability means the ability of an entrepreneur to perform and maintain his role in daily routine or even in unexpected conditions. Entrepreneur who has these traits is Fadzarudin Shah Anuar, co-founder of FashionValet, an online shopping website, one of Malaysia's largest online fashion and beauty retailer with an emphasis on home-grown designer product. He is such a reliable person for has such a good connection and communication with his customers. As we all know, the starting phase in build a business is the hardest part as we need to attract and encourage people to aware about the business exixtence. So do Fadza Anuar when he started the business. By social network like Instagram, Twitter, and blogs, he tried so hard to attract citizens and media about his brand new idea of online shopping. Now, he is the head of a team of 25 in FashionValet now has huge number of loyal customers regarding its convenience and trusted products.

1.2 initiative

Initiative is such a power and opportunity that one takes charge before anyone else does. It is a responsibility that one takes to solve the problem. Futhermore, an initiative is the first in a consecutive of antions. An entrepreneur with initiative has a tendency to view, analyze a situation and literally take action before something might happens. They contrive continuosly and do not give up on anything. For example, Marcus Blackmores, the Chariman of Blackmores Ltd has been learnt the business ins and outs from his late father, the founder of Blackmores medicine. When he was young, during school holidays, he learnt how to prepare skin creams and ointments, although during one school holiday, he and a friend decided to concoct a laxative formula consisting of dates, raisins and senna where there is no one ever explored yet. His experiences help him in develop business. Now, Balckmores, Autralia's leading natural helat brand, improves peoples' lives by delivering the world's best natural health solutions, to become peoples' first choice in healthcare. They achieve this by translating their unrivalled heritage and knowledge into innovative, quality braded healthcare solutions that work. Blackmores is the most trusted name in natural health.

1.3 Versality

An entrepreneur who is versatile opens door to various opportunities than those who are not. Versatility can also be considered in terms of learning about cultures and its languages in order to communicate with customers as it can build a strong business relation with clients. Additionally obtaining information information on a regular basis obtaining information about the business industry in order to be more competitive than other business is an important characteristic. Tony Fernandes is the man behind AirAsia's journey to world domination. With RM1, Tony bought a defunct carrier, along with over RM40 million in debt, and created Asia's most successful BUDGET airline company. From an ailing company deep in financial trouble, AirAsia went through a remarkable turnaround and made its first profit merely after 7 months of operation. From thereon, they never looked back and created records after records.

1.4 Decisiveness ( Robert Kuok )

Decisiveness is defined as being "characterized by firmness and decision". Being decisive means that you have the ability to decide. From the strength of decision you then have the ability to act. Leader ship requires that you are able to make key decisions effectively. Decisiveness then simply means being the leader of your own life. Decisiveness is both a skill you can build and an internal state you can summon when you need it. Decisiveness also means being able to make clear decision is simply to do more research or brainstorming. Until you have made a clear decision though, you are simply procrastinating and wasting time. Few people decide what to eat for dinner in less than a minute, hardly the decision that begins the course of action to influence their entire life. For example, Robert Kuok took over his father's TRANDING BUSINESS, together with two brothers, and creared a business larger than anyone can think of. The impact is so great that Kuok has been sitting on the top of Malaysia's rich list for more than 5 years. Residing in Hong Kong,Kuok is mostly linked to a sugar business but also has his hands on ather wide range of industries including hospitality, energy, logistic and manufacturing.

1.5 Time Competence

Competence is one's ability to perform a specific role. Time to competence known as a measure of on individual's boarding success within time. One Entrepreneur who suits this trait is a global well-known entrepreneur, Steve Jobs. He is the co-founder, chairman and CEO of Apple Inc. Through Apple, he is widely recognized as a design-driven pioneer of the personal computer revolution. His personality in showing competence in time showed when his employees believe Mr. Jobs not only because he in product design and marketing. Furthermore, through his behavior, he was not driven by his own self-interested needs like the outrages pay packages of some executives, they trusted him. Now, even though he has gone, his products are still categorized as top in the market and continuously have the highest demand among customer.

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1.6 Perceptiveness 

Perceptiveness is the ability to understand and figuring things out. It is something that you are able to seeing what others can't. Perceptive entrepreneurs can distinguish between ideas that are most likely to succeed, the nature of innovations that would provide the solution that the market is waiting for lap up and the people who can deliver the required innovative solutions for the market value and the organization. For example, Bill Gates is the co-founder of Microsoft, the world's largest PC software company. He is perceptive enough, in the interest of the users can play games against the computer, he wrote his first computer program on the machine. Gates was fascinated by the machine and how it would always execute software code perfectly. He dropped out of Harvard and talked decision over with his parents, were supportive of him to start a company.

1.7 Ability to learn from mistake ( Mark Zuckerberg )

If we want business success, we have to look clearly at our mistakes and stop repeating them. We need to work withour team, not against them, to do this. A small mistakes can have big consequences. Repeating small mistakes can lose customers, kill a business or cost an employee his job. For example,enterpreneurial lessons from Mark Zuckerberg. Bring up Mark Zuckerberg in conversation and you'll hear a narrow range of conversational topics. People discuss his young age, wealth. Facebook's early days, or his clothing choices. But what get lost is his entrepreneurial abilities. Zuckerberg is a great CEO. He successfully made the transition from startup CEO to corporate CEO. he did not do it without errors. Manyhave documented Zuckerberg's mistakes. But what young CEO does not make mistakes? It's an important part of the job. Zuckerberg discuss the early days of Facebook, and you'll hear him say that he knew he wanted to get into tech startups, but he never thought it was going to be Facebook. He figured a social network would be built by a big, multi-billion dollar tech corporation, not him. Now, nine years after Facebook's launch, it has become its own multi-bllion dollar empire.

1.8 Ethical Consciousness 

A successful enterpreneur is not only profit-oriented. She has his own defined values and beliefs that cares about and stand for and she uses thes as guides when dealing with her employees, her customers and when making decisions. This kind of entrepreneur is known to give great value not only to his customers but his colleagues and employees as well. The people who work for and with him can feel this to radiate this kind of attitude intheir work and thus, produce excellent results. Customers appreciate this characteristic and they are more likely to trust someone who values them than someone who does not. They also know that this entrepreneur is someone that they can trust to do the right thing all the time. 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 pluge and sacrified RM 5,000.00 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.

1.9 Foresight (Jon Watters)

Foresight is a planning-orientedsubset of foresight (futurology, futures studies) the study of the future. Stategy is a hish level plan to achieve one or more goals under conditions of uncertainty. Strategic foresight happens when anyplanner uses scanned inputs, forecasts, alternative futures exploration, analysis and feedback to produce or alter plans and actions of the organization. For example Jon Watters is the owner of Foresight Sport. Foresight sport is an exciting new company that just releases a ground breaking technology for golf, the GC2 Smart Camera System. This product had been created to utilize proprietary stereoscopes imaging instead of radar-based.

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