Saturday, May 7, 2016

FIRST TRAIT(Open Risk Taker)

        Open risk taker is one of the importance trait that must be faced by an entrepreneur. Open risk taker mean an individual or corporate trying something new in their business even that trying can potentially cause financial loss but the entrepreneur also have opportunity for a rewarding a profit. The higher risk taker by an entrepreneur, the higher return the entrepreneur will get. For instance Tan Sri Syed Mokhtar Al- Bukhary was willing to take risk to get involve in a new field of him that is field of transportation. He received a permit for four trucks of class A and take a risk by apply loan for RM 110,000 from MARA to buy two lorries Mercedes 911LS to start his business in 1972. After he buying two lorries he establish transport company named as Sentosa Transport Company and appoint a clerk of China as the company manager. The truck were use to start rice business. This company still existing until now and already have 40 truck.


     Beside that, Tan Sri Syed mokhtar al- Bukhary also establish shipping and registered with treasury. He bought ship which was 28 years old that made from German at the price of USD 1 million. Angsa Mas was the name for the ship that use to transport rise from Thailand to Sabah and Sarawak. However he having loss for shipping business and he had to sell this ship at a price of USD 600,000 and loss of USD 400,000. After that, he try to join venture in Islamic banking by taking over Bank Muamalat Malaysia Berhad but involvement in financial and banking is not as easy as we expect. Lastly, based on these statement it is truly shown that Tan Sri Syed Mokhtar is an entrepreneur that not scared faced with risk. 

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