Conclusion

In conclusion, in order to become successful entrepreneurs like them all it is vital to have one of the features that we mentioned earlier. This is because these features are not only important to the individual entrepreneurs themselves to ensure she or he is able to survive in the business world but the surrounding communities as well. I say so because the entrepreneur or entrepreneurial very important impact to the outside world and its role as a catalyst of change and economic growth of a country which can increase levels of per capita in terms of production  and national income. They are also responsible for the changes to the structure of business and society through the growth and increase production while developing new products or services on the market. In other words, they should always be the driving force behind the distribution of wealth through better methods to maximize resources and reduce waste.

Traits Of Successful Entrepreneur : Pua Khein Seng

Mr K.s. Pua Khein Seng gratuated with a Bachelor of Electrical control Engineering Degree with Honours in 1997 from National Chiao Tung University (NCTU), and obtained his Master of Electrical and Control Engineering in 1999 from the same unversity. Mr K.S is the chairman and CEO of Phison Electronics Corporation, Taiwan, which designed and produced the world’s frist single chip USB flash single chip USB flash controller technologies releted to USB flash drive as well as flash memory cards and due to exceptional engineering strength the company is able to deliver solutions.

Pua Khein Seng was a visionary person. Why do i say so this is because  Pua khein Seng was work with smart partnerships and shrewd strategies, after that he was made its way into European, American and Japanese markets. Not only that one quick move was securing Japanese tech giant Toshiba as Phison's largest shareholder and customer. He and his partner launched Pen Drive in June 2001 and by August the same year.

As others successful entrepreneurs, Khein-Seng also start from the bottom of the salaried workers for 6 months at one of the local companies before inviting 4 other partners of his college to establish Phison Electronics Corporation in November 2000. This is why I consider him as a team-oriented entrepreneur of distinction for the five of them are very confident with their knowledge and abilities to start a business that focuses primarily on the USB technology. So, Khein-Seng and his partners managed to highlight their innovative products in the world after the first 6 months of their companies operation. For those who just turned 27 years old at the time and lack of experience did not prevent them from designing chips and a great system at that time.

Other than that, the trait of risk taker clearly showed when he decided to stop his studying in Chiao Tung University, Taiwan. At first he was planning to further study in Taiwan because the cost is much cheaper than in United States and Singapore. He never thought that he would be an inventor of pen drive and become multi-million people in Taiwan. Good performance shows in undergraduate make him been offers to continue his study in master. After completing his master, he worked with local company for six months before he take challenge to open up his own business. He started his business with another four engineer graduated from Chiao Tung university, creating world first business which focussed on USB technology.

Besides, outcome oriented is a term used to describe knowing what results are important and focusing resources to achieve them. Pua Khein Seng is an entrepreneur that practice outcome oriented. At first when he and his friends start their company, the shareholders promised to invest NT$30mil in their company. Unfortunately, the shareholders only invested NT$1mil and later opted to give up. After that, they target to get NT$6mil through borrowings and their own savings. At that time, venture capitalists were not exactly in a hurry to put money in the fledgling business.  With that, Phison got off the ground. In January 2001, an Australian customer approached the company on the possibility of producing a USB drive. This put Phison on the path to its rapid rise. Actually, there was already a USB drive but they invented the USB drive SoC (system on chip), which uses a single chip. At that time, he is only 27 years old. Despite this milestone, the company still had to face some problems. It was tough, for example, for a start-up with limited funds to attract talent. The company’s have since grown following its listing on the Taiwan Stock Exchange in 2004. It now has 430 employees, of whom 210 are engineers.

As the definition of observant which is quick to notice things, Pua Khein Seng decided to create a pen drive. Creating a pen drive in 2001 shows that Pua Khein Seng sees that the world need a better technology to store and save the information. He sees that people need a device which is smaller, faster, have thousands of times more capacity, and are more durable and reliable. Unlike the floppy disks and CD’s which are easily broken and scratch.He said that to grow further, we have to keep improving ourselves. We are our own worst enemy. We have to be patient and concentrate on the things we are doing.

Networked : Bill Gates

• Name : William Henry Gates III

• Age : 60 years old

• Date of Birth : 28 October 1955

• Nationality : American

• Occupation : Technology Advisor Of Microsoft, Co-Chair of the Bill & Melinda Gates Foundation, CEO of Cascade Investment, and Chair of Corbis

"It's fine to celebrate success but it is more important to heed the lessons of failure." (Gates, 2005) Networked can be defined as interact with other people to exchange information and develop contacts, especially to further one's career. The entrepreneurs have several people who they know and help them in order to be successful in their career. One of the entrepreneurs that can be related to networked trait is William Henry "Bill" Gates III(Bill Gates) who is the founder of Microsoft Corporation.

          Microsoft is a multinational computer technology corporation which is founded on April 4, 1975 together with Paul Allen in Albuquerque. Gates contacted Micro Instrumentation and Telemetry Systems (MITS), the creators of the new microcomputer, after reading the January 1975 issue of Popular Electronics that demonstrated the Altair 8800. He intended to inform them that he and others were working on a BASICinterpreter for the platform. This is because they wanted to gauge MITS's interest which actually they have not written the code yet.

            MITS’ president, Ed Roberts, agreed to meet them for a demonstration for the project. The demonstration, held at MITS's offices in Albuquerque, was a success. This resulted in a deal with MITS to distribute the interpreter as Altair BASIC. Gates and Allen named their partnership "Micro-Soft" and had their first office located in Albuquerque. That was the first Gates step up stone to achieve success.

           

            Later on, International Business Machines Corporation (IBM) approached Microsoft regarding their personal computer, the IBM PC in July 1980. Microsoft was proposed to write the BASIC interpreter by the computer company. IBM representative need an operating system and then they were referred to Digital Researched but then the discussion went poorly, and they did not reach a licensing agreement. Gates solved the problem smoothly to keep the partnership with IBM.

            With the networked gained by Gates through Microsoft, he managed to keep the company on going thus make Microsoft as one of the gigantic software company in the world. This achievement also leads Gates to become one of the most successful entrepreneurs.

Visionary : Steve Job

• Name : Steve Paul Jobs

• Date of Birth : 24 February 1955

• Ethnicity : German and Syrian

• Nationality : American

• Occupation : Co-founder,Chairman and CEO of Apple Inc.

“My job is not to be easy on people. My job is to take these great people we have and to push them and make them even better.” (Jobs, 2008) Visionary can be defined as thinking about or planning the future with imagination or wisdom. Every successful entrepreneur has vision to make a better life in future. They know their aim and what to do for the people. One of the entrepreneurs that can be related to visionary trait is Steven Paul Jobs (Steve Jobs) who is the founder of Apple Incorporation.

Apple’s story started when Gary Stephen Wozniak (Steve Wozniak), try to build a small computer and for him, it was just a hobby. But Jobs sees that device has the marketing potential. He has the vision seeing the computer has potential in the future too. After four years succeed in Apple I and Apple II sales, in 1980, Apple faced declining of sales. Nevertheless, Jobs introduced Apple Macintosh as personal computer and Mac as a home computer. Unfortunately, Apple Macintosh and Mac failed to reach the consumer market as the price was too expensive.

Jobs was ousted from Apple Inc. in 1983. Later, Jobs created another computing company, NeXT Computer Co.. NeXT Computer Co. was launched with the goals of building a breakthrough computer which would revolutionize research and higher education. Jos still sees that there are futures for him in the industry by introducing the NeXT Computer, but with the high selling price, the company was unable to float.

Later, Jobs was reappointed to Apple when his works at Pixar become a great hit. Jobs took over Apple and cooperate with Microsoft in order to save Apple. Looking at the demand of the market, he spearheaded the development of iMac, a home desktop, which is debuted in 1998. Jobs did not stop at iMac only. Together with the development of the technology, in 2001, Apple produce iPod, the portable digital audio player. in 2007 and 2010, Apple produced iPhone and iPad respectively.

With Jobs' guidance, Apple are able to be on track with other gigantic company and be one of the successful company in the world.

Open Risk Taker : Yoichiro Mikami

• Name : Kim Boem-Soo

• Age : 16 years old

• Date of Birth : 2 January 1998

• Nationality : Japanese

• Occupation : CEO and Founder of GNEX Co.

To be a successful entrepreneur, a person must have full confident to face the risk they will face now and in the future. Risk taker is means we willing to do something for sure even though we know we might loss everything we have right now. For sure if we need to choose life or carer, an entrepreneur must put priority in carer especially in the beginning of the business to operate.   To start a business, we need a lot of fund. That means we need to make bank loan, use personal saving, and others as capital to begin the business.  In term of economic, we call it as margin cost which means we need to let go an amount to get new amount or thing. In addition, the risk that entrepreneur also need to consider is their resting time.

       

To be a successful business women or men they need to sacrifice time to work more on subject.  Only a person who is brave to take risk is suitable to be called as entrepreneur. They brave to face loss job, don’t have money during few months and years. Some of them also have to make difficult decision which is end up their study and start doing business with no education about business.

Japan is well known as the third largest economic after united state and china. There is an example of Japan entrepreneur that risk taker, the person is Yoichiro Mikami. He is the youngest entrepreneur in Japan who brave to quit school at young age to start a company. He was 13 years old during him won $50,000 in a student business contest with an idea for an Airbnb-type service. According to the Japanese law, he is two years young from the age available to operate a company alone.

So he needs to continue his study until age 15 only then he can run a company itself. "I realized I was 15, many big Japanese companies are already 50 or 60 years old, and they would need to survive another 50 years to employ me until my retirement," said the bespectacled Mikami, whose vocabulary and mien have matured faster than his still-boyish face. "But what if they go bankrupt when I'm 40? I would be thrown into an abyss. So I thought I should do something for myself." (Los Angeles Times).

Yoichiro Mikami is now the chief executive officer and founder of GNEX Ltd. After he gets blessing and permission from his parent to quit school, he starts checking his investment in the morning. He started to invest in solar equipment since he was eight after he read investment book on his father book shelter. He also has make investigation on other successful teenager entrepreneur all around the world. He started find fund for student project and sponsorship. He gives full concentrate on his company right now.

Even though he owned a successful company, he still looks forward example from teenager around the world. He believe that teenagers now days not fully depend on adult; they can make their own decision. It is the time for young entrepreneur to arise the world economic.

Observant : soichiro honda

• Name : Soichiro Honda

• Date of Birth : 17 November 1906

• Nationality : Japanese

• Occupation : Founder of Honda

Observant is defined as giving care or attention details for a thing. The trait is similar as keep on eye what other people do with full concentration and details. In terms of business observant trait can be present by having experience working with other people to observe what is good and bad. The trait is popular among the entrepreneurship around the world. One of famous and successful entrepreneurship who use this trait is Soichiro Honda, the founder of Honda automotive.

Soichiro Honda came from a poor family. There are almost five siblings soichiro die due lack of food. He decide to finish school earlier after he saw his father cannot afford them anymore. He started looking job since he was 15 years old without any higher formal education such bachelor. His higher formal education is passes years 10 grade level. By his effort never give up; he got a job in Tokyo, as a apprentice. After 6 years he working with the workshop, he decide to open his own workshop. He is fully using his experience working with workshop before as a guideline and teaches him what is good and bad to operate his workshop. Sooner later, he opened a factory. He use all his property to build the factory including he sells his wife jewelleries.

At the beginning of operation, his company has a money problem during world war. His company has been bombed twice during the war, but he always went outside looking for empty fuel tank as raw material when the bombed accident happens. He was very lucky because still alive even though his factory been attacked by enemies during the war. He keep creating and making innovation in the war condition. Until one stage where petrol price become expensive and he need a transport which can make his journey easier from one destination to another destination, he got an idea to put engine at his bicycle. He so surprise that there higher demand from people about his new creation. He was unexpected that will be a high request from people for his first motor engine.

Soichiro Honda was a successful entrepreneur. Almost 50% motorcar sell in united state is from Honda brand itself. He manages to operate his business well management. The factory just operates about two years only and it can achieve the international level. Soichiro Honda is responsible to create 450 new creation and 150 of patents. His creation is good because of its effective and safe environment Soichiro Honda been honoured as a doctor by Japan universities. His brand is now well known around the world. People give priority to choose Honda automotive than other automotive because it good design and reasonable price with the quality.

Now there is no more great invention and creator we will be amazed like Soichiro Honda. He passed away in year 1991 due to heart problem. We lost a great people in the world. Popular magazine People recognises him as “25 most intriguing people of the year” and he also known as “Henry ford Japan version”.

Team-Oriented : Pua Khein-Seng

• Name : Pua Khein Seng or Pan Jian Cheng

• Age : 41 years old

• Date of Birth : 15 June 1974

• Residence : Taiwan

• Nationality : Malaysia

• Ethnicity : Chinese

• Occupation : CEO of Phison Electronic Corporation

Pua Khein-Seng and more popular with the title "father of the pendrive" in Malaysia and K.S. Pua frightens the world with the invention Pen drive around June 2001 and in September he and 4 other partners have been achieving their company's first profit. This entrepreneur was born in Sekinchan, Selangor was determined to study in Taiwan because its cost is lower than in the United States or Singapore. Then, he managed to get a Bachelor's Degree in Electrical Control Engineering.

This Chinese man from Malaysia and had never imagined himself to be a millionaire today. But of course he was doomed to the position now starting to move his feet to National Chiao Tung University eventually stayed there since he set up his company. This high intellectual entrepreneurs was offered to masters’ level only after he received his first degree. Then, Khein-Seng took the opportunity and awarded masters in around July 1999.

As others successful entrepreneurs, Khein-Seng also start from the bottom of the salaried workers for 6 months at one of the local companies before inviting 4 other partners of his college to establish Phison Electronics Corporation in November 2000. This is why I consider him as a team-oriented entrepreneur of distinction for the five of them are very confident with their knowledge and abilities to start a business that focuses primarily on the USB technology. So, Khein-Seng and his partners managed to highlight their innovative products in the world after the first 6 months of their companies operation. For those who just turned 27 years old at the time and lack of experience did not prevent them from designing chips and a great system at that time.

However, when the five come from the same background which is engineering, each of them had no knowledge about selling or buying. So, they are aggressively seeking partners or other businessman who is able to sell the product. Armed with a good strategy and the main thing was that the smart partnership has taken him all over the world, namely Europe, America and Japan and was surprising is that Toshiba, the Japanese giant technology company has become the customer and the largest shareholder of their company.

Students who received his early education in SJKCs Yeok Kuan, Sekinchan was spinning thinking and working to ensure Phison Electronics Corporation continues to shine so he decided to open a branch in Malaysia is when he feels if its engineers returned to Malaysia, they would have taken by competitors at that time. This is because, 20 out of 100 workers were from Malaysia and on average they want to return to their own country on a number of factors. Even armed with the sacred intention of returning to contribute in their own homeland,  Pua Khein-Seng never miss out various problems such as lack of employment opportunities and lack of hardware engineers environment for design engineers or support system here.

His hard work paid off when he successfully open new markets in Malaysia as well. He and his colleagues have succeeded in proving that the work-oriented teams will accelerate our success because we stand together when we are many. It has been proved when they boasts a market capitalization of up to RM4.43 billion and Pua Khein-Seng qualify to receive a variety of awards in Taiwan and Malaysia for example Outstanding Young Entrepreneur Award, Top 10 Outstanding General Managers’ Award and the Electronics Research and Service Organization Award from the Pan Wen Yuan Foundation.