Saturday, May 7, 2016

THIRD TRAIT(Failure Is An Option)

     Failure is an option  can be defined as a when entrepreneurship face a failure when do something, he or she do not feel give up and keeps continue harder to make sure the target that has planed before successfully accomplish. His first direct involvement in business is he used to help his father with his business’ accounting. After school, Syed Mokhtar help his father take care of livestock at a quarantine centre close to the railway station in Alor Setar. He never attended university but he was so smart to use the experience he had gained from helping his father. Aside from his father’s business, Syed Mokhtar also helped his mother cultivate vegetables to be sold at a market on Jalan Telok Wan Jah. He also had even sold roti canai in that same market.In the mid 1970s, his father’s cattle business ran into trouble following the outbreak of foot-and-mouth disease. The outbreak spread throughout southern Thailand, Kedah and Perlis and all their livestock has perished.
     He takes that failure as a step to move to other ways. He decided to go into the business of selling meat. He find the markets around Alor Setar to buy unsold meat from the vendors there. The meat would then be resold to in the surrounding area. Tan Sri Syed Mokhtar’s business received encouraging response from the public. Soon after, Syed Mokhtar moved on to the transportation business. He established a transportation company named Syarikat Pengangkutan Sentosa, and appointed a Chinese clerk to be the manager. From a small business that offered transport service to haul rice, it now owns more than ‎‎40 lorries for various transport purposes. ‎After establishing Syarikat Shah, he created Syarikat Bukhary that involved in the rice and sugar business. Then, he  created Susu Mas Sdn. Bhd (Susu Mas) in 1979 to facilitate his business of supplying to the government. However, following the economic crisis which hit the country at the end of 1980’s, he decided to sell his business interest in that company. The 1980’s and 1990s, he involves in clothing and manufacturing industry. He won a contract to produce military uniform for the Ministry of Defense. and this success makes him decide to create two clothing company, Amtek Holdings ‎‎(Amtek) which manufactured shoes, while Oriental Garments Uniform Dividion (Oriental) produced boots.

    This shown, the failure that happen on his business at first place makes he takes a better step to achieve his target. Also, due to his family and education background influence him to make changes without care about the failure that happen in his life.  

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