CHAN MEI YEE

They are many factors that can motivation people to be entrepreneurship.   Flexibility The first factor is flexibility. Some entrepreneurs venture out on their own because they’re tired of the demands of traditional work. In a high-level position, the demands are exceptional -- working long hours, catering to the whims of your bosses and clients, and being stuck in the same old rut of responsibilities. Being your own boss in the world of entrepreneurship frees you from those restraints. You can work your own hours, wherever you feel like working, and set your own goals and responsibilities. Control The desire for control drives many entrepreneurs who aspire to attain a leadership position. When you’re the boss of your own organization, you’ll get to call all the shots, from who gets hired and at what salary to what new strategic directions your business heads down. Workers tired of their previous companies’ poor performances, or those working under an inept CEO, mig...

Entrepreneurship is the dynamic process of creating incremental wealth and innovating things of value that have a bearing on the welfare of an entrepreneur. It provides civilization with enormous amount of goods and services and enhances the growth of social welfare. 1. Creation job opportunities Entrepreneurship firms will contribute a new job to other people. It provides entry-level jobs so necessary fur training or gaining experience for unskilled workers. The small enterprises are the only sector that generates large portion of total employment every year. Besides that, entrepreneurial ventures prepare and supply experienced labor to the large industries. 2. Impact on community development A community is better off if its employment base is diversified among many small entrepreneurial firms. It promotes abundant retail facilities, a higher level of home ownership, fewer slums, better, sanitation standards and higher expenditure of education, recreation and religious ac...

Social Entrepreneur is a person who pursues an innovative idea with the potential to solve a community problem. These individuals are willing to take on the risk and effort to create positive changes in society through their initiatives. Examples of social entrepreneurship include microfinance institutions, educational programs, providing banking services in underserved areas and helping children orphaned by epidemic disease. Social entrepreneur aim not to earn a profit, but is to implement widespread improvements in society. However, a social entrepreneur must still be financially savvy to succeed in his or her cause. A social entrepreneur is a leader or pragmatic visionary who: ·       Achieves large scale, systemic and sustainable social change through a new invention, a different approach, a more rigorous application of known technologies or strategies, or a combination of these. ·         Focuses first and foremost on the social and/...

Tan Sri Robert Kuok is one of the richest entrepreneurs in Malaysia and Southeast Asia with estimated $12.2 billion on July 2017 as reported by Forbes. Robert Kuok nickname also call as “The Sugar King of Asia” as working in sugar business. Kuok started work as an office boy, and later became the clerk of a rice trading department in Singapore. During the trading skills he learned from his early days led him to be a successful businessman. Kuok’s father arrived in Malaya from Fujian, China and Robert was the youngest brothers who born in Johor Baharu on 6 October 1923. Kuok fluent well in English, Chinese Fuzhou dialect that learn from his parents and also Japanese during Japan’s wartime occupation of Malaya.  In 1942 and 1945, Kuok was graduation in Singapore and he worked in department of Japanese industrial conglomerate Mitsubishi Shoji Khaisha. He took the skills and learned from Japanese back to Johor do the family’s business after the war. In 1949, Kuok and his two bro...

One of the activities entrepreneurship in Malaysia is SME Bank which was introduced in 2005. SME Bank aim is to ease the financial burden of start-ups and to assist start-ups in propelling themselves forward in the domestic and international market. The Malaysia Venture Capitalist Association (MVCA) also provides financial assistance for all stages of funding to entrepreneurship. Beside that, Bank Pembangunan Malaysia Bhd was assigned the responsibility of financing capital intensive and high technology industries, maritime and infrastructure. National Association of Women Entrepreneurs of Malaysia (NAWEM) enhance women entrepreneurship by promoted intensively, with the establishment of bodies. Moreover, Malaysia government is moving at full speed to promote entrepreneurship and achieve in 9th Malaysia Plan.