Profile of anEntrepreneur

: Would tell me about yourself before you started your first venture?

Why me ?

Background Profile
Name : Mohammad Bakhtiar b Aman Age : 40 years old Maritial Status : Married with 3 children (age 11, 9 & 7) Company : Multi MBA - Since 2011 Nature of business : Financial Expert for Pensioner, Fashion Lovely Heritage Food & Beverages Winglicious Employed experience before become an entrepreneur:
F&B industry for 1 year served in the financial sector for 12 years

Entrepreneur Family and Support

Influence to become an entrepreneur: Entrepreneurs grandfather was an electrician and plumber who ran small business up to 1970. He was the first Bumiputera to be awarded the Class A Contractor in 1980. Family support is needed when open a business, so communication and their involve will be motivated for entrepreneur.

: Were your parents, relatives or close friends entrepreneurial? If so, how did they influence you?

: Did you have a business or self-employment during your youth?

Experience
Education experience:
The marketing knowledge and business thru reading and researches, made me understand better and prepared me before the venture. We can have excellent service and products, but if we are not able to market it, it will be a waste.

Marketing experience:
Marketing experience and skills can be got by learning thru many experience and knowledge acquired thru learning process

Entrepreneur during Youth experience:

Selling watermelon in the evening and night after classes finish. (Farmer Supplier Entreprenuer - Customer Expanding the business by supplying the watermelon to local business area. (Farmer Entrepreneur Local Business Customer
Q : In particular, did you have any sales or marketing experiences?

Reasons
Reasons to become an entrepnenur:
Set higher standard for the entrepreneur and his family Need to make mind working constantly by creative and analytical thinking, need on constant positive attitude, need persistence and consistent movement New things and new knowledge will become a challange everyday Opportunity

Starter
What did an entreprenur need to start a business?
Gather information needed Know the market Serving is important for a service business Start-up capital organised. Use information technology to help a business

How to developing business for a starter (entrepreneur)?

acquired advices from experience entrepeur market study get a short course to build confidence

critical concepts, skills, attitudes , and know-how you needed to get your venture started: skills, knowledge, attitude, concept understanding, set a target

Know yourself and the process

Business process:
Concept- gather information - f inancing advertising - marketing Get a customer : meeting customer-dealing-build relationship

Strength:
High working experiences Great communication Market experience

Weekness:
Body level of energy

Critical element of success:

Given opportunity by expanding financial services from another bank See the opportunity of the customers by see the chance of pensioners at Melaka Knowledge and experience will be an advantage for a success

Financial
Financing
Capital RM20,000 (from saving and bank) 50% for marketing and advertising campaign 20% for administrative & daily operations 30% for unexpected expenses

BEP time: 7 months

Profit: reinvested for secondary business line which has high return and cash flow moving

Risk become entrepreneur

Worst experience become an entrepreneur:
Level acceptance to the market is low People underestimate the ability of the entrepreneur

Stress is not for entrepreneur only, but everyone. Positive mind and keep our mind set would overcome stress.
Challenge in a rapidly growing business:
How to divide time between business and personal.

Reward become entrepreneur

Reward become entrepreneur:
Moving forward, explores unlimited possibilities, customize my life, luxury of time, expanding the circle of friends and connections, learning and experiencing and making money in the process

Everyone can become an entrepreneur

The Future
How to prepare for next venture:
Analysed, re-strategized and move forward. Learn from the past and experience.

Future plan:
Expanding the market Become business owner and investor for future

Motivation quote: Success or failure is not how many times you fall, but, how fast you get up every time you fail.