Archive for January 12th, 2008

Entrepreneurs Not for Everybody

Most people think being entrepreneurs can make you rich in a short time as opposed to being employed by someone or somebody. Most people think they too can become entrepreneurs as they wish. Most people think being an entrepreneurs is far too risky, because an entrepreneur don’t have the luxury or benefits of the public working force, such as gratuity, TAP, easy loan eligibility, housing benefits and others.

I must admit, being an entrepreneur is a hard work and no single task is easy or as simple as ABC. No business plan you write on paper will straight away follow your desire. As an entrepreneur, I must always seeks new knowledge everyday regardless about entrepreneurship, financial strategies & planning, investment, looking for opportunities, analyzing market situation and trends and all sort of things. As an entrepreneurs, one must be creative, flexible, innovative, pro-active, have the stamina to go it alone, never easily give up and much more. Discipline is as well very important.

Recently, I meet an old friend who’s still working at one of the international bank in Brunei. He asked me about my business which I quickly replied back to him as bumpy with occasional hard landing. He look very disappointed at me and asked me to give my quest for running and owing a business. He continued it’s not good for me and my family struggling financially. He advice me to come back to the old job as bank officer. I just nodded my head as physical agreement, but deep in my heart I am very disappointed with him as he don’t have the guts of facing failure. He’s the risk-aversion type of person and of my type being risk-taker.

Over the years of his career as bank employee, he never made it (as to this stage) even becoming a bank supervisor. He is not the kind of person that is proactive but rather as a reactive. And this is not the kind of attitude if you are looking to be an entrepreneur. You will certainly failed if you do so. It’s better to be employed by somebody.

I enjoy creating things and building business around me. I can’t work for so long for somebody of being an employer. Because I am a risk-taker and proactive looking for business opportunities, creating and building one. I also love building a business for someone who’s willing to invest but I like to work with smart investor not the kind of poor investor. Poor investor in my own terms means, a person who have the money but don’t have the intelligence or understanding what he/she wanted the money for or doing. Poor investor only interested in making the big money and ignoring the risk associated with it. I always stay away from the poor investor. Poor investor mostly exist in our community and it is very rare to find smart investor.

If you enjoy working for somebody as an employer, then suddenly you wish to shift your pattern to become an entrepreneur, make sure you assessed your self. Don’t ever thing like this:

Entrepreneur = More Money

If your mentality is like that, then you might only be a day dreamer without action or stamina. A potential entrepreneur must have the stamina to do it alone for a long way, may several years before success, and you must be willing to take the risk and accept defeat. Never give up.


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Wise Words

A man to carry on a successful business must have imagination. He must see things as in a vision, a dream of the whole thing.
- Charles M. Schwab -

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