Friday, 22 February 2013

1st WEEK!

"A business has to be involving, it has to be fun, and it has to exercise your creative instincts." 
-Richard Branson-
For the first week, we have learnt about the basic of entrepreneurship.


Importance of entrepreneurship:
1) Catalyst for change & growth of national economy- increase rate of per capital product & income, structural change of business & society.
2) Give rise to successful individuals having highly viable & competitive businesses.
3) Develop & expand a higher level of culture and attributes of entrepreneurship.
4) Entrepreneurs create wealth, encourage wealth distribution and contribute to economic well-being.
5) Entrepreneurs will make the nation more competitive, open employment opportunities and reduce unemployment & poverty level.




Attributes of entrepreneurship:
1.Commitment, determination, & strong-willed.
2.Success & Growth oriented.
3.Opportunity & Objective oriented.
4.Initiative & responsible.
5.Continuous decisions.6.Realistic
7.Search & Use feedback.
8.Internal Locust of control.
9.Calculated risks.
10.Less motivated by power & Status.
11.Integrity & trustworthy.


WONG SHY CHIEN KEE120058

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