Entrepreneur and entrepreneurship By: C.K.Yee No comments

Entrepreneur and entrepreneurship are among the terms that are often cited by people since time immemorial.

This term leads to a variety of purposes and within the scope of the definition or understanding of each individual.

In this part of the discussion focused on understanding the importance of enhancement of entrepreneurial skills and personal qualities with supportive evidence by linking to successful entrepreneurs in Malaysia and the world.

Why we need to study entrepreneurship?

There are two primary reasons why studying entrepreneurship make sense. This is because you can learn to think like an entrepreneur and you can develop a vision for your life.

Entrepreneurship is the act of being an entrepreneur, which can be defined as “one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods”.

The concept of entrepreneurship has a wide range of meanings.

On the one extreme an entrepreneur is a person of very high aptitude who pioneers change, possessing characteristics found in only a very small fraction of the population.

The word entrepreneur originates from the French word, entreprendre, which means “to undertake” and to start a business. Besides that, anyone who wants to work for him or herself is considered to be an entrepreneur.

There are some successful entrepreneurs that well-known such as Steve Jobs, Mark Zuckerberg, Bill Gates, Mary Kay Ash and others.

We also learn that how an entrepreneur makes himself or herself to become successfully in the business world.

There are so many traits that own by entrepreneurs which are networked, open risk taker, visionary, failure is an option, open culture and others.

Nowadays, many successful entrepreneurs have been recognized by many people and become a history in the business world.

We can conclude that successful entrepreneurs are both born and made.

It appears that entrepreneurs have a dual composition – a certain set of born-in personality traits that drive them to seek out and succeed in the entrepreneurial life, as well as set of learned skills that enable them to apply their natural gifts most effectively.