Chapter 1 Introduction to Entrepreneurship

PREPARED BY : CHAPTER 1
EN. AHMAD NUR MISUARI B. IBRAHIM
1
M.E.I (UKM)

Pengajian Am
Institut Kemahiran MARA, Kuching

1.0 Differentiate roles in entrepreneurship.

2.0 Recognize the advantages and disadvantages of business
structure.

3.0 Apply the concept of idea creation and innovation to identify
potential products by considering SWOT analysis

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• Entrepreneur refer to who accept risk and opportunities of creating,
operating and growing a new business.

• Meanwhile, Entrepreneurship is the process of seeking business
opportunities under condition of risk.

• Businessman is a individual involve in business activities to gain profit
and a low risk taker.

• Technopreneur is an entrepreneur who involve in technological
changes in producing goods and services for organization.

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1)UNCERTAINTY OF INCOME
Setting up a business does not provide any guarantee an entrepreneur
will be able to earn sufficient money. The owner would be the last
person to be paid after paying the salaries of the staff.

2)LOSING ENTIRE INVESTMENT
The failure rate among small business is high about 3.5 percent of new
business fail within 2 years and 54 percent shut down within 4 years.

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3) COMPLETE RESPONSIBILTY
The entrepreneur need make a decision on issues that they are not in
the expertise or not knowledgeable. Entrepreneur is difficult finding a
advisor to assist in making critical business decisions.

4)HIGH STRESS LEVEL
Set up a business can be rewarding but also stressful. It is often that an
entrepreneur makes a huge investment in company whereby he would
have mortagaged everything the belonging to start a business.

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2.1.1 – Sole Proprietor
2.1.2 – Partnership
2.1.3 – Limited Liability Partnership
2.1.4 – Private Limited Company
2.1.5 – Public Limited Company
2.1.6 – SSM Registration

*SSM – SURUHANJAYA SYARIKAT MALAYSIA

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ASPECT DETAILS
Regulations & Laws Business Registration Act 1956 (Amendment 1978)
Number of Member 1
Capital Saving , Family etc
Example Name …Enterprise, …Globalization, …Solution, …Venture etc
(Retailer, F&b etc)

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ASPECT DETAILS
Regulations & Laws Business Registration Act 1956 (Amendment 1978)
Partnership Act 1961
Number of Member 2 – 20 person
Capital Partnership
Example Name Radzi & Farah Co etc
(Account Firm, Lawyer Firm etc)

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ASPECT DETAILS
Regulations & Laws Limited Liability Partnership Act 2012
Number of Member 2 - unlimited
Capital Partnership
Example Name Radzi & Farah LLP etc

*No need send Account Report
*Separate Legal Entity

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ASPECT DETAILS
Regulations & Laws The Companies Act 1965
Number of Member 2 – 50 person
Capital Shareholder
Example Name ..Sendirian Berhad (Sdn. Bhd.) ,
..Private Limited (Pte. Ltd.)

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ASPECT DETAILS
Regulations & Laws The Companies Act 1965
Number of Member 7 or more individual till no maximum limit
Capital Shareholder (Owner) & issues of share (Public)
Example Name … Berhad (Bhd.) , …Limited (Ltd.)

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Business Idea generation is a creative process businesses use to
generate new ideas, whether they're tangible or intangible. It involves
gathering idea, research & deveopment, testing or revising, and
implementing the plan. There are many techniques that can be used.

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INTERNAL FACTOR EXTERNAL FACTOR P.E.S.T.L.E

STRENGTH WEAKNESS OPPORTUNITY THREAT

S.1 - Good Manage W.1 – Lack of Labour O.1 – New Market T.1 - Competitor
S.2 - W.2 - O.2 - T.2 – Natural Disaster
S.3 - W.3 - O.3 - T.3 -

SWOT MATRIC ANALYSIS :

1) S1 + O1

2) W1 + 02

*Please matching between Internal with External with suitable point.

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“Apalah Erti Kemenangan, Jika ia membawa Satu Kehilangan”
-HL-

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