Wednesday, 29 April 2015

ENTREPRENUERIAL MYTH and FACTS THAT INFLUENCES PARTICIPATION OF INDIVIDU IN ENTREPRENEURSHIP Interest And Personal Satisfaction

entrepreneurial myth

Mitos 1 : Entrepreneurs are not implementing thinkers
To produce a product, the entrepreneur is an organizer for an entrepreneur to be successful when the product is properly implemented but to formulate the product, entrepreneurs tend to have brains as to formulate strategies to enable them to succeed in their activities. Therefore, thinking that there should be high quality among the entrepreneurs who do so can exercise regularly and produce results.

Mitos 2 : Entrepreneurs are born not made
Many expressed the view that the entrepreneur is an attribute of a person since birth. This means, they are born have direct interest in the business. This means value is high spirited, wise to take chances and not giving up. However, at present is evident that many successful entrepreneurs through the establishment of such a learning process and courses on entrepreneurship. For example, in Malaysia there are many young entrepreneurs who have managed to go through the process of applying the science of entrepreneurship and their interest to participate in these courses before becoming a successful entrepreneur.

Mitos 3 : The entrepreneur is a creator
Entrepreneurs often regarded as a creator because they produce something new. But, instead of being an individual entrepreneur must have thought that high creativity and innovation because they have to produce a new initiative that aims to develop their business. For example, KFC often diversify the latest recipes and reasonable prices according to customer demand. Therefore , the resulting creativity KFC has introduced worldwide.

Mitos 4 : Entrepreneurs are the ones dropping out of academic
In the reality of world, there are a number of successful entrepreneur that are low education level. They are Bill gates, Steve Jobs, Robert Kuok, Lim Goh Tong and etc. They success not because of the cert of University, they success is because of their experience and knowledge.
In the case of Steve Jobs, he only have the high school education which he dropped out from the Reed College in Portland after six month. He first started as video game designer with Atari at the year of 1974 and resign after several months to find spiritual enlightenment at India for  psychedelic drugs experiment. At the year of 1976, he started Apple computer with his partner,Wozniak. The sales of Apple Computer is growing rapidly and until year of 1985 he phase out by the company executive. Then, he was not stop to improve and begin a new software and hardware enterprise which is NEXT. He was not limited for computers only, he also having the animation studio which is Pixar Studio after that. Until the year of 1996, he just going back to be Ceo of Apple again and brought it on  the track to get the market share.From the above statement, we can knew that education is not only from the school but depends on the willing of learn of yourself. To become an expertise in one area does not necessary need the high education until PHD level. If you have the passion like Steve Job whose learnt the computer experience outside the school you also can be like him. The society had actually build the person become stronger, you don’t have the soft lesson and protection like school. You have to independence and keep growing.

Mitos 5 :Entrepreneurs must have all the characteristics and the specific profile
A successful entrepreneur is not only born and can be educated in this era. At the first, the entrepreneur must not be perfect at the started time. They learn and gain experience over the time.  The Hong Kong billionaire Li Ka Shing principle is keep study on every day and make improvement. The way he studied is through the books and peoples. He insists to read finish the book once he is started. He also watch English movie like us to improve his English. So the main point here is every entrepreneur could be success by learning and not to be borned. Furthermore, a successful entrepreneur also need to have the good attitude that makes him to be survive in the competitive business environment.

Mitos 6 – What entrepreneurs want is money
From this perception, the money is not the most important factors for a business to be success. The profit generated is just a basic to continue running the business. The most important element is about the customer. When your product or service which fulfill and meet the customer requirement, you will won the market share and get the money. So instead of pressing the money and profit factors, the trending of market and customer needs have to be study well. For example, when your products are cheap on the market compare to others brand products, but low in quality and function, do you still think there are people willing to buy your products? In term of quality of product, there are some aspect like human resources management, operation management, product and development and marketing have to be consider. The internal and external operation have to be managed well to ensure the product and services delivery to customer is guarantee.
In others fact, some business success also because of the ‘money’. When entrepreneur get the vision for some potential industry, they act as pioneer and taking the market share faster than others. But in the view of entrepreneur, they just think about the future more than money. Tan Sri Lim Kok Thay that expanded his father business, Genting Highland toward the international which develop the entertainment and tourism industry. From the above statement, we can know that he is caring the whole industry development rather than his wealth only. In a conclusion, it can be say that entrepreneur has to be big vision and caring the society instead of making money.

Mitos 7 : What is needed by entrepreneurs is fate
           As a entrepreneurs, place and time Is a advantage to success. Entrepreneurs not only depend on fate but entrepreneurs need to good and careful in planning. Therefore succession of entrepreneurs mostly is depend on planning, knowledge, and also a alittle bit fate.

Mitos 8 :Ignorance is an advantage for entrepreneurs
Ignorance is sometimes considered an advantage because when too many entrepreneurs to plan and evaluate that can bring problems. This is because when entrepreneurs do not plan , something unexpected will arise and all plans are made can not be implemented successfully . in reality , in the business world that more intense and full of challenges , entrepreneurs need a strong and solid knowledge of the strengths and weaknesses. work schedule planning and strategy development is the key to success for an entrepreneur
Mitos 9 : Entrepreneurs find success but suffer high failure rate
There is the fact that states are doing business entrepreneurs will face failure before reach success. It is true that many entrepreneurs never take failures before achieving success , but failure faced by them do not prove they will fail forever . faced failure will pursue and developed entrepreneurs in entrepreneurship . In addition , the failure may also form entrepreneurs to be more careful and more determined to work towards wealth . Entrepreneurs often leveraging of mistakes ourselves and others to be used as a guide in the future

Mitos 10 : Entrepreneurs just like gambles that take high risk
           Every individual faced risk in their life. Same goes to entrepreneur that faced risk in their daily life. Entrepreneur is not a ‘ gambler ’  that said by myths of entrepreneurship, otherwise they are moderate in take the risk. When they faced uncertain problem, these entrepreneur will consider all aspects that will probably happen and cautious in making decision. They will see the risk as opportunities and advantages for them to become more successful in the future.
             Entrepreneurs are hardly to said ‘ no ’ if they feel that they cannot achieve high goals. Besides, they also will prevent them from involved unreasonable risk. Moreover , entrepreneur need to find the information and use right channel to decrease the future risk.

FACTS THAT INFLUENCES PARTICIPATION OF INDIVIDU IN ENTREPRENEURSHIP 

1) Interest And Personal Satisfaction     
                  When someone have interest in entrepreneurs, this will make them to involves more about entrepreneurship. Everyone would loves to do with their interest even they spend a lot of  money. Besides, some people involve in this area because to get personal satisfaction. This is because individual will satisfied with their success when organize the business. They will work harder and manage the resources very efficiently. Based on Maslow Hierarchy Needs (1970), completeness and perfection of themselves are the fifth element that every individual want to be a successful. They will get the success if all the potential full use through imaginative, creative and innovative.
       
2)  Achievement
Entrepreneurs will be considered more successful if when their desires, goals and objectives plunging themselves in a field can be achieved as planned. High desire it allows entrepreneurs are more willing to deal with the challenges and obstacles. Entrepreneurs will try to reach the goal after possible for internal satisfaction. Entrepreneurs can see for yourself the level of performance that has been achieved and which should be free to determine the effort to achieve the mission, goals and direction.

3)  Safety
Most entrepreneurs prefer to act without shackling and forcing others. They feel the freedom of force or the threat of loss of business, such as personal safety, the safety, economic stability and the like. Coinciding with the characteristics of entrepreneurs who are always aware of what will happen include the environment. Entrepreneurs will also feel they are better prepared, confident and cautious in challenging environments. In Maslow's theory, there is a hierarchy of needs and the security aspects of a claim second in the hierarchy of human beings.

4) STATUS
What drives a person to participate in entrepreneurship is the state. Status is a tribute to the much needed by humans. They will seek to elevate themselves to a more comfortable height for status is a very important element affecting entrepreneurs. This is because they will not be regarded as a successful if they themselves are not able to improve the status of their own lives. For example, in the theory of Maslow, status or self-respect is the fourth element of this is the need to be respected by others, recognition of achievement and prestige.

5) POWER
As someone who holds an entrepreneur, they need the power to mobilize resources towards the achievement of the goals set. At the same time, they prefer to avoid themselves from being influenced by others. However, they need advice, opinions and thoughts from those who are experienced and knowledgeable in the field they want to operate. Their participation in entrepreneurship can liberate individuals from the shackled by the powers that can restrict the growth of creative ideas. Hierarchy of Needs theory introduced by McClelland (1961) gave an opinion that the human form requirement profile through past life experience. The power requirement is the desire to control others, to influence individual behavior or responsibility for another person.


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