Saturday, October 31, 2015

INTRODUCTION ENTREPRENEURSHIP

ENTREPRENEURS TRAITS




INTRODUCTION

                        Entrepreneurship is something related to the business, typically a startup to build a company and offering an innovative product or services by using creative marketing. Entrepreneurship is very important to growth economy sector. Entrepreneurs are someone who running the business, develop the business and opertaing the business succeesful by obtaining high profit with adopt good strategics. There are many entrepreneurs such as Bill Gates (founder of Micrososft), Steve Jobs (Co-founder of Apple), Mark Zuckerberg (founder of Facebook), Piere Omidyar (founder of eBay) and so on. To be an entrepreneur is not easy as we think. We need some aspect or characteristics which is very important to realize our idea in the real field. In this paper we will discuss some traits of entrepreneurs and examples of entrepreneurs related to their traits such as networked, open risk taker, observant, visionary, open culture, outcome oriented, proactive, team oriented, and failure is an option. All these traits are very important to be learned and we have to apply these in order to be a successfull entrepreneurs.



CONTENTS

A.   ENTREPRENEURS TRAITS
Entrepreneur is someone who doing business and has mental ability to bring a changes in complex situation. Entrepreneur has some of traits to do their business successfully, there are nine traits.
1.    Networked
Is a process of maintaning, developing, and connecting with people either from inside or outsider to share an information and communicate with them in order to develop the business as well.
Example of entrepreneur who has related with this trait is Jerry Shen
Jerry Shen was  a founder of ASUS. Actually ASUS was found by two persons there are Jerry Shen and Jonney Shih. Shen is a CEO of Asustek Computer Inc and he is pointed in January 2008. Shen want to create future technology with high quality. Asus has many networked in outside for supply the products even Asus supplies some machines to Apple, Sony etc. It is one of prove that networked is important to grow up the business, without network we can not do the business as well as possible.
2.    Open risk taker
An tendency of someone to act and behave that potentially cause financial loss and physical harm, but also has opportunities for getting a reward of outcome and gaining a lot of profits. Most businesses concern on innovation and will encourage the mentality of open risk taker for decision making in creative process.
Example of entrepreneur who has related with this trait is Donald Trump
Profile
Donald John Trump was born on June 14, 1946. He is a successful entrepreneur of real estate developer and television businesses. Now he is a political candidate but the business is still runing. Donald ambition is to be the top entrepreneur in the world. He was facing personal bankruptcy with personal debt about $900 million. Donald’s businesses also declared bankruptcy with debts about $3.5 billion. Donald had paid his debt within a period of 4 years, and also influences his business debt in a short period of time. Donald proves that risk takers can win big in a business. As the fact Donald success was due to his willingness to take huge risk.
3.    Observant
Observant is a conscious, search for something new and somthing can developed. It includes understanding, thinking and planning.
Example of entrepreneur who has related with this trait is Jack Ma
Jack Ma,was born in October 15, 1964. He is the Chinese mainland entrepreneurs,Asia’s richest man. He is the founder of Taobao and Alipay. 1995, Jack Ma first contact the Internet. After returning home , He founded the China pages website. In March 1999 , Jack Ma opened the e-commerce through the global center of the company’s website Alibaba. He felt that C2C could be a threat to the development of B2B. Then entered to field. He found that the payment is the core issue of the need to solve in C2C, so come up with a tool to pay treasure.
4.    Visionary
Visionary,  is someone who can envision the future. For some groups this can involve the supernatural. Vision is very importan for the compant. It is the first aspect that should be done in order to develop company better in the future. Visionary people can see what should do in the next and how to do that.
Example of entrepreneur who has related with this trait is Robin Li
Robin Li was born in November 17 ,1968. He is a founder, chairman and CEO of Baidu. Baidu is the largest Chinese search engine and largest website in the world. Robin provides search for commercial sites, and occupy eighty percent of the market . Suddenly , he decided to transition to do their own search portal, and the company’s profit model is changed into a competitive ranking. He followed the Chinese internet search habits, so that the search results in the window to open as well as to provide MP3 music download search. Robin Li has brought great success and opportunity to him and Baidu with his foresight, wisdom, judgment and choice.
5.    Open Culture
Every single country has many different in culture of every aspect. To be an entrepreneurs the first that we have to do is analyze the environment and culture around the places that we want to build business there. Becuase not every company is success in every country, sometimes they are very poor company because the kind of products or services is not related with the taste of culture.
Example of entrepreneur who has related with this trait is Leo
Leo is a listed online shopping company CEO,he is a outstanding young entrepreneur in china,and more is a lot of young Chinese young people and models.He is grew up in China ,graduated from Nanyang Technology University in Singapore.At the age of 26, he received an MBA degree from the Stanford University.So he has a lot of culture characteristics.The online shopping company he founded another way and different with traditional electricity suppliers.Because he has a very strong cultural quality, So he can find unique business opportunities.And in a very short time to start a successful business .
6.    Outcome Oriented
This word means that the person think the result is very important if do anything. The entrepreneurs who concerns with outcome will think hard how they can make a innovative products with high quality. They will concern on quality and get trust by costumers so that can increase the sales in impact to outcome. They will get more profit than others.
Example of entrepreneur who has related with this trait is Liu ZuoHu
This guys is a CEO of the “YIJIA” company . Before this,he was oppe’s marketing manager. In 2013,he left oppe and created the “YIJIA”.This company is a company that produces mobile phone.Although it was set up in a very time,but it’s very promising prospect. As we know, there are many bosses that are very worried about his employees and afraid that they don’t do thing seriously. But he won’t do this, after he had ordered his work to work.he’s no longer in that, as long as the result are good.So it seems like a lot of people, he is outcome oriented person.
7.    Proactive
Is something that creating, controlling, and maintaning a situation of business in order to stable the business. Proactive approaches to customers is more useful to mantain customers loyalty and satisfaction with our products or services than passive approaches.
Example of entrepreneur who has related with this trait is hulin
Hu Lin Chinese women entrepreneurs with personal business success, get personal Entrepreneur of the Year two years ago in San Francisco 's annual food diet industry awards and become one of the few female Chinese winners . Today, the United States into the well-known food and beverage brands, including Burger King, IN-N-OUT, Wendy's, Subway, and even large retail chains Walmart, hundreds of thousands of employees to wear uniforms , are single-handedly founded by Hu Lin companies design and manufacturing. To learn English , she moved to Los Angeles , California , intends to work half- time workers in the restaurant , but traveled all the restaurants, and even a job washing dishes to be found. Eventually she found work in a telephonist Chinese company , every morning and evening to learn English in school. Then he founded his own company in 1994 , but because no funding was not any experience , was once again rejected , not the order has been developed . Two years later her entrepreneurial path big reversal , she wanted to know Burger King employee hat , called to promote , finally get the chance to meet with.
8.    Team Oriented
Is a collaboration between spirit and motivation of teamwork on the indivual personality or characteristic that influences the productivity of a business. The effective of teamwork is greater than the effective of indivudual effort.
Example of entrepreneur who has related with this traits is Steve Jobs
Steve jobs was born in 24 February 1955 in California, Amerika Serikat. He is an ex-CEO of Apple. He has good leadership, leadership is key to perform work team. When he was a CEO of Apple he want Apple product become the number one in the world. He always give motivation to his employees. He thought that the successfull of company regarding to team oriented. Team has vital function in an organization to acheive the goals and objectives. He likes to build up mental the team and try to make new innovation and encourage his employee to do the job better and satisfied.
9.    Failure is an Option
Failure is something happen because we couldn’t reach our goals but, the time to achieve that is not the right time. Many entrepreneurs have been failed but mostly of them wake up again and never give up. Entrepreneurs-based fail is an option to get many opportunities, because by failing we know what is wrong and we evaluate the solution and trying never do mistake again.
Example of entrepreneur who has related with this trait is Aiko Morita
Aiko morita was born in 26 January 1921 in Japan. He is a founder of Sony. The first time he failed to market the products. The first product is rice cooker. The product didn’t satisfy the customer and even the products is a fail products. But Morita never give up, he try the new one innvonation to survive in his business. Then he made a walkman. This product became famous and always grow up with new features. This show us that Morita see failure as an option to grow up.

B.   ENTREPRENEUR BIOGRAPHY
                        William Henry "Bill" Gates III was born October 28, 1955 is an American business magnate, philanthropist, investor, computer programmer, and inventor. In 1975, Gates co-founded Microsoft, that became the world's largest PC software company, with Paul Allen. During his career at Microsoft, Gates held the positions of chairman, CEO and chief software architect, and was the largest individual shareholder until May 2014.
                        In 1987, gates was a candidate in the Forbes list of the world’s whealthiest and richest people. In 2009-2014 Gates’s wealth dobled from $40 billion to more than $82 billon. Gates is the richest man in the world. Gates is one of the best entrepreneur of computer revolution. Gates also was donating large amounts of money to charitable organizations. In 2000 Gates established Bill & Mellinda (his wife) foundation. Gates stepped down as CEO of Microsoft in January 2000 and worked full time at the Bill&Mellinda Gates foundation.
Bill Gates Traits
Risk Taker
Bill Gates is a risk taker. We will think billionaires can always take a risk since they have money in their disposal. Actually he took the risk when he had a few hundred bucks in his pocket. When his company was a small company rather than IBM which was a large company he took a risk latter in order to save  from financial loss exactly huge financial loss. And then Bill Gates thought at that time was a right time to decide and tried his fortune for the welfare. He didn’t know he would be a successful entrepreneur and today he has been accomplished his mission and become the top entrepreneur in the world
Open Culture
Every single country in the world has different cultures. We can not establish the business without know the culture. This is one of the key and requirements if we want to establish the business. Bill Gates stars his business in U.S.A. and the first that he do is analyze the culture of his country. Now his company become larger and still identify and analyze the culture in order to know what is customers need and satisfaction so that his business is still good even top in the world. Bill Gates believe that dynamism of open culture making a product market leader.
Visionary
Bill Gates could be wondering how is the strategy relevant to or becoming successful.  Vision is absolutely crucial for the company because what do you want to be with your company it depends on the vision that you decided. Mission and strategy are two terms that help to accomplish the vision. Bill Gates is a visionary, he can see his company in the future and make it comes true, who is the competitors, what is the best strategy that he will decide in order to develop his business and keep stable. Now many missions and objectives that he had achieved. It brings the vision comes true by accomplishing a lot of missions. Now Bill Gates review his vision even over 20 years later in order to keep his business is still exist.
Outcome Oriented
Bill Gates has the character and integrity to deliver what he promised. A lot of times Bill Gates can tell his promises but the important thing is how successfully Bill Gates can action it. Bill Gates concerns to outcome that has been proved by Microsoft that the product is very high quality product.
Outcome product without quality never has  a possitive perception  of customers. All of achievements are nothing if our outcome does not have good quality. Bill Gates has been proved it to satisfy the customers need and expectation by launching new product with good quality and good features.
Failure is an Option
In 1998-2001 Gates released Auto PC for entertaining in the car but the product is failed. In 1991 Gates designed Cairo Program and that program spent much money so Gates cancelled that Program and the product was failed. Many failure that Gates faced but he never give up and try to make new innovation until now he is one top entrepreneurs in the world.


CONCLUSION
                        After we discuss about entrepreneurship, entrepreneurs, entrepreneurs traits, and something like that we understand what the definition really is even more than it.  The entrepreneurship now lead the world in economy. They have a lot of impact to the world beside in economy because they have a power to do everything that they want to. To be an succesful entrepreneurs we have to work hard and achieve our goals, because bill gates and other entrepreneurs achieved everything is not just sit down and smiling to the world but what they did are full of tired and work  as hard as possible. There are many traits of entrepreneurs, but here we emphasized nine traits that is very important to have and to learn such as networked, open risk taker, observant, visionary, open culture, outcome oriented, proactive, team oriented, and failure is an option. These traits should be had in our soul for developing our business as well as possible. Nothing is impossible, everything can be achieved as long as we do our best to get it.












REFERENCES


Donald Trump - Wikipedia, the free encyclopedia