Do you have what it takes to become an entrepreneur?
IN HIS E-BOOK ‘3 Qualities to Make You Successful in the Corporate and Business World’, Feroz Hayat Khan, managing director of Blankskript, came up with a simple equation to become a successful entrepreneur; the right attitude + people skills + people skills + competence = a successful entrepreneur.
“For the youth who want to become a young entrepreneur, always remember not to just plunge into any business; to equip yourselves with the three qualities and to keep on going and never give up,” urged Khan at a half-day talk attended by some 96 participants from different organisations including Swinburne University, SEGI College and Sarawak Development Institute.
He was speaking at a workshop entitled ‘Shaping Visionary and Competitive Y-Entrepreneurs’ organised by Angkatan Zaman Mansang Sarawak (AZAM) in collaboration with US Embassy Kuala Lumpur at Four Points Hotel May 20.
Blankskript marked itself in the market as a lifestyle brand that combined classic and modern streetwear. Established in Sarawak, Khan’s clothing line has made a name for itself in the fashion industry among celebrities, music performers and artists.
According to him, successful entrepreneurs are independent, self-confident, determined, dare to take risks, goal-oriented, creative and innovative.
An entrepreneur also needs to have strong communication skills, negotiation skills, proactive problem solving, leadership’s skills, and the ability to be supportive and motivate others.
To be successful in entrepreneurship, one also must be competent. Khan advised the participants that when they encountered problems, they should “Accept those challenges and adapt to the challenges”.
Khan emphasised that a successful entrepreneur was defined by their ability to achieve sustainable monthly sales, recover all the costs incurred and expand their business.
The talk also featured two speakers; Lucie NewComb, president and chief executive officer of the Newcomm Global Group Inc and Abdul Razak Abdul Rahim from Sarawak Economic Development Corporation, SEDC.