...Life of a successful entrepreneur: Mr. Jahurul Islam Jahurul Islam was one of those who have been discussed very frequently in the history of business and entrepreneurship in Bangladesh. He was born in Bhagalpur, a village iii Bajitpur thana under Kishoregonj district. His father Mr. Aftab Uddin was a tiny contractor in Mymensingh district board. His father had small income with which he used to run his business staying in his village home. His mother Mrs Rahima Aktar was a very pious housewife. She was very well known amongst her neighbors. Mr Islam lost his father in 1972. He was the second son of his parents .He had four more brothers and three sisters. Jahurul Islam had very simple and ordinary boyhood and was fond of making friends from middle class families only. He started his schooling in Chandragram local Patshala and then in the Shibnath High School. When he was a student of class five, he was sent to his uncle’s house in Calcutta, where he studied in Chetla High School. But due to the transferable job of his uncle, he had to shift to a number of schools. In 1945, he passed matriculation from Ripon High School. Later, he went to Bardwan, where he studied I.A but he failed to pass in the final examination. In 1948, he appeared again from Haraganga College at Munshiganj. This time also he failed which brought the end of his formal education. From the very boyhood, Jahurul Islam had a knack towards carrying on independent business. He conceived the idea from his...
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...Jahurul Islam redefined the concept of business and industries in Bangladesh. He was the king of Bangladeshi business sector. The history books rightly states him as the father of Bangladeshi business. Business was in his blood since he belonged to a traditional business family. Jahurul Islam ventured into the business sector as early as 1964, with his company 'Islam Group'. Since then Islam Group has diverged into multidimensional sectors including engineering, construction, trading and even manufacturing. The company, over the years, concentrated in other sectors including pharmaceuticals, textiles, jute, aviation, ceramics, media, real estate, finance, construction and even something as vital as energy. Through the variety of his concerns, Jahurul Islam has shown diversified thinking capability that no one in his generation possessed. His unique way of thinking and leadership also resulted in Islam Group to be one of the leading industries in Bangladesh. Perseverance is one of man's greatest qualities; Jahurul Islam possessed that quality. It naturally transformed him to be a great businessman and leader. He faced a lot of problems during the three decade sway over his company; however his patience and his brilliance together made Islam Group number one company in the country. Besides being good businessman, he was also a humanitarian. He founded Jahurul Islam Medical College and Hospital, for the betterment of the country. Although the institute officially began...
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...Contents 1. INTRODUCTION 2. FACTS ABOUT ENTREPRENEURIAL EDUCATION 3. IMPORTANCE OF ENTREPRENEURIAL EDUCATION 4. IMPORTANCE OF LIFE EXPERIENCE 5. CONCLUSION 6. LIST OF REFERENCES Introduction Within the last 25 years the number of entrepreneurship courses increased twentyfold and amazon.com lists over 45,000 books dealing with entrepreneurship. This demonstrates the increasing interest in entrepreneurial education and illustrates that there is a strong belief that entrepreneurship can be taught. In contrast, successful business leader as Zineb Hefiri didn’t attend any entrepreneurial courses and argue that her success came from her life experience.1 Moreover, there are plenty stories about entrepreneurs who run a business without a college degree, some without even finishing high school. Are they the exception or is being an entrepreneur an art that you either have or don't have? What is the road to be a successful entrepreneur? Does entrepreneurship education make people better entrepreneurs? Or are life experiences enough to establish the required skills and knowledge? The purpose of this dissertation paper is to identify what makes a successful entrepreneur and to determine to which extent entrepreneurial education has more impact than a person’s life experiences. ¬¬¬¬¬¬¬¬¬¬¬¬¬¬___________________________________ 1Mondo, M 2011, Entrepreneurship: Managing new venture growth, Pearson Education, viewed 04 December 2011 Facts about Entrepreneurial...
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...As for my first assignment for entrepreneur’s subject, I would like to discuss about the criteria and how the entrepreneur should think. First and foremost the entrepreneur character can be build, can be groomed from experienced and some are born with the DNA in their blood!. Who is the entrepreneur? Entrepreneur is someone can see opportunities and situation in which new goods, services, raw materials and organizing methods can be introduced and sold at greater than their cost of production. Someone with the character of entrepreneur will always see problems, challenges and uncertainties as an opportunity for them. The only job that don’t have any qualification to apply is an entrepreneur. Anybody can be an entrepreneur, once they sustain in this field over failure because failure is the only thing guaranteed. How they respond to failure determines their success. Successful entrepreneurs are paid for their high tolerance for stress and pain. Setbacks, obstacles and challenges are painfully common elements of entrepreneurship. Most people react to these hurdles with stress and pessimism, with an attitude that obstacles are negative experiences that only hinder progress. As an entrepreneur, they encounter so many challenges they simply can’t afford to react this way. Instead, successful entrepreneurs view challenges as opportunities. Each challenge or setback reveals a key opportunity to grow -either to improve upon an existing weakness or take measures to avoid experiencing a...
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...ENTREPRENEURS AND ENTREPRENEURSHIP Entrepreneurship is the phenomenon associated with entrepreneurial activity. Entrepreneurial activity is the enterprising human action in pursuit of the generation of value. Entrepreneurs are those (business owners) who seek to generate value, through the creation or expansion of economic activity, by identifying and exploiting products processes or markets. An Entrepreneur according to Merriam-Webster: http://www.forbes.com: “one who organizes, manages and assumes the risks of a business or enterprise.” Simply put an entrepreneur is a person usually the owner, who organizes, finance, manages a commercial or industrial organization in exploitation of opportunities. An entrepreneur has to be innovative, should be able to think outside the box, must be visionary in terms of thinking and above all should be a risk taker and a well calculated risk should be worthy taking, an investment that can give you a big payout, it usually comes with a big risk. The Entrepreneur should have the following characteristics: Sheer determination and unwavering commitment to succeed often win out against odds that many people would consider insurmountable. Acceptance of responsibility: - morally, legally and mentally accountable. Persistent problem solving: - entrepreneurs are not intimidated by difficult situations. Optimism: anything is possible with much dedication Calculated risk taking: successful entrepreneurs participate in a venture...
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...Jagannath University, Dhaka 4th Batch ID No: 105211 Submission Date: September 10, 2012 Letter of Transmission September 10, 2012 Nafisa Rounok Course Instructor: FIN 3208 (Entrepreneurship Development) Department of Finance Jagannath University, Dhaka. Dear Madam, It is an honor and great pleasure for us to present our Project Report on “A successful Entrepreneur”. This report was assigned to us as a partial requirement of the ‘Entrepreneurship Development’ (FIN-3208) course in the sixth semester. The Project program was an experience of rediscovering our potentials and full of excitements. This report has given us an opportunity to apply our theoretical expertise, sharpen our views, ideas, and communication skills, and bridge them with the real world of practical experience, which will be a good head start for our future professional career. During the preparation of the report we faced some problems that have been erased out with your propound lecture and assistance. Without your cooperation and guideline this report would have been an incomplete one. Finally thank you for your supportive...
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...traits and characteristics that are associated with entrepreneurs who are successful. I will also be expanding and comparing on my own personality and characteristics to those found in successful entrepreneurs. Firstly, there are many types of traits that entrepreneurs have. Some of these traits include being able to live with uncertainty and take risks, self-confidence, internal locus of control and more. I will be finding out if successful entrepreneurship is based upon the personalities of individuals or not. Previously, I was never really into entrepreneurship until I started college a few years ago. Having done a fashion design course with sewing and marketing experience, this really made me think about starting my own fashion business in the near future. I had the privilege of gaining further experience and knowledge about the fashion industry through work experience with designers and working at London Fashion Week. This enabled me to talk to designers and have an insight on how they became successful as it is a hard market to have a breakthrough in. Having seen how other designers started out, even with minimal experience and no further education made me more determined to make my dream a reality considering I had experience and now in further education to obtain a degree. On the other hand, there is no success manual in becoming an entrepreneur, therefore I believe it depends on character and personality traits life has taught people, rather than the type of person...
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...Entrepreneurs are born and not made An entrepreneur is ‘a person who has possession of a new enterprise, venture or idea and assumes significant accountability for the inherent risks and the outcome.’ So are entrepreneurs born? Or made? There have been many debates from businessmen to academics alike on whether entrepreneurs are born or made, but is it as straight forward as that? In this essay I will evaluate arguments both for and against this statement and conclude it with my own personal observation. The argument for this statement that entrepreneurs are born is a scientific one, with the questions being are there specific entrepreneurial genes and/or chromosomes. Some of the characteristics credited to entrepreneurs include extroversion, risk taker, persistence, independent, innovative, opportunistic and the need for achievement. These skills are the reason many believe they are from nature as they go above and beyond those of an ordinary office manager. Many believe that these are skills are innate in a person, that they are born with them and they are skills and characteristics that cannot be taught. (Scott Shane, wall street journal) ‘40 percent of the variation in the tendency to be an entrepreneur is inherited.’ Some people say that not anyone can become an entrepreneur; they have to have the right innate qualities from birth alongside the external influences for their talents to be recognized in business. “If the environment is not conducive then entrepreneurial talent...
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...Statement: Every young person should be an entrepreneur, because it gives him the opportunity to build his own future, set an example in society, and help his family since he is young. List of main ideas: 1. Experience for the future. 2. Build your own future. 3. You can have extra money 4. You can have a good use to your extra time. 5. You can be an example for society. 6. You will have a job since young. 7. You will help your employees. 8. You can donate money. 9. You can help your family. 10. You can apply what you learn, regarding businesses. 11. You can give prestige to your name. Daniel Gonzalez 13/06/2015 English 12 First Draft, Argumentative Essay 35 Minutes “Don’t let anyone look down on you because you are young, but set an example for the believers in speech, in conduct, in love, in faith and in purity.” (1st Timothy 4:12) This is one of the most important verses the Bible has for young people, in fact this verse changed my life since the moment I read it. What I understand when I read this verse is: Even though you are young, you can still do great things! God has great things for young people; we only need to discover them in our daily life. Every young person should be an entrepreneur, because it gives him the opportunity to build...
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...com/2014/01/successful-entrepreneurs-taking-risks.html RISK…..How does this four digit word have influenced us in life? The word ‘risk’ shall appear distressing in whatever choice of decision making ranging from buying property, investment, business start-up, suppliers, vendors, customers to even marriage. It is common to associate risk negatively such as being irresponsible, rash, losses, damages or even threat. Definitely it is part of our life, business and work but yet we have seen that risk takers have succeeded despite against all odds. However it does not imply the same definition to true entrepreneurs. These true or successful entrepreneurs have seen risk as positive opportunities to excel and change the platform of their venture. Several entrepreneurs and innovators such as Robert Goddard, Soichiro Honda, Harland David Sanders, R.H Macy, Richard Branson, Donald Trump, Carlos Slim Helu, Martha Stewart, Emma Harrison, Linda Bennett and Bill Gates have undergone various risks before establishing their products and application in the world. Entrepreneurs have the knack of getting right in spotting a new trend and acting in advance despite the risk involved. They are the first to gear into the business as they recognize the change in economy or cultural trend. Being the first in market gives them competitive edge compared to others who are known as mere followers. Orville and Wilbur Wright were the sole reason why we have airplane. Both brothers had risked their life, time...
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...Entrepreneurship, which says “Entrepreneurship is living a few years of your life like most people won't, so that you can spend the rest of your life like most people can't.” (Unkown Author, 2010). When I first read this quote I really can see my cousin living a few years most people won’t, but his life now us set for his children and his grandchildren. Many entrepreneurs have very strong characteristics and similar ambitions as Tino has. It is said that to have a successful business, one must obtain entrepreneur qualities. Diligent and hard working, they strive through the ups and downs of start-up companies as I was told during the interview with Mr. Corona. They are "self starters" and have a superior belief in themselves; this is so true because when Tino had challenges to overcome for example a challenge that he had to overcome was the feeling of giving up. Tino stated that “he was not seeing the results he thought he would see at first in terms of the income and his funds were running out. He overcame that by stepping back and evaluates his product, service, target market, and his marketing strategies”. (Corna, Tino, 2010). An entrepreneur has to be patient and wait. From hearing Tino success, I know that businesses take time and nourishment. It is obvious that it takes years for a small business to even rise up enough to go public. An Entrepreneur are very consistent and usually considered work alcoholics. Entrepreneurs are willing to stay with a business during rough times or are able...
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...The Entrepreneur who inspires me Background: The entrepreneur who inspires me is Kaniz Almas Khan who is the owner of Persona. She is the pioneer who established Persona as a brand in the beauty industry. She is the successful entrepreneur not only among the women but also among the entrepreneurs of Bangladesh. With a deep passion on beautification of human being and a great wish to do something different and big, she started her journey in the beauty industry. She has started her journey with a very small capital. Though her parental home is in Dhaka but she was born in Chittagong. Her father Dewan Badiul Alam used to stay there in connection with employment. She had passed her childhood at Dhaka’s garden house in Malibag. After passing Secondary and Higher Secondary Examinations from Siddheswari Girls School and College, Kaniz Almas Khan accomplished graduation from Eden College. Then she took training on Beatification from famous beautician of Bangladesh, Zerin Ashgar Khan. Later took training from Kolkata, Mumbai, Delhi, China and Bangkok. With a deep passion on beautification of human being and a great wish to do something different and big, she started her journey in the beauty industry. In her journey to become a successful woman entrepreneur in the beauty industry of Bangladesh, she got all types of necessary supports from her mother, in laws, husband and peer groups. Then from innate eagerness to beauty and with the inspiration of the members of the family, make-up...
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...Becoming an entrepreneur is definitely a goal of mine. I would like to develop a business in the future that will allow me to become successful and earn a lucrative income. Entrepreneurs enjoy an increased level of flexibility and independence and can choose tasks that are both rewarding and profitable. It is critical for entrepreneurs to select a new business venture that interest them. Also, gaining an in-depth knowledge of subject matter pertaining to business is extremely critical. Entrepreneurs must do their homework before starting a new business venture. Entrepreneurs can also help others individuals become successful and achieve goals. The ability to motivate and empower others is a vital characteristic that entrepreneurs must possess. I certainly would love to become an entrepreneur, hopefully in the near future. I am not exactly sure what new business venture I would like to start, but I am certain that becoming an entrepreneur is my number one professional goal. Being an effective leader is extremely important for an entrepreneur. Entrepreneurs. must have the ability to lead individuals and get the best out of them. Entrepreneurs must also be effective communicators. The must be able to individuals to work together to achieve specific tasks. Entrepreneurs must create a vision and must share that vision with the employees. Entrepreneurs must also be able to select and recruit individuals that are competent and knowledge about their tasks. Entrepreneurs must develop...
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...to “a” and one point to “b”. If you agree completely with “a” but do not agree at all with “b”, assign five pints to “a” and zero to “b”. You may not divide your points equally (i.e., 2.5/2.5) between the two choices: You must choose one statement with which you agree more and then distribute the points. Statement Points 1. a. How successful an entrepreneur one will be depends on a number of factors. One’s capabilities may have very little to do with one’s success. _____ b. A capable entrepreneur can always shape his or her own destiny. _____ 2. a. Entrepreneurs are born, not made. _____ b. It is possible for people to learn to become more enterprising even if they do not start out that way. _____ 3. a. Whether or not a salesperson will be able to sell his or her product depends on how effective the competitors are. _____ b. No matter how good the competitors are, an effective salesperson always will be able to sell his or her product. _____ 4. a. Capable entrepreneurs believe in planning their activities in advance. _____ b. There is no...
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...characteristics that make me a successor in my business is: i) Passion The entrepreneur must have more than a casual interest in the business because there will be many hurdles and obstacles to be overcome. If there is no passion, or consuming interest, the business will not succeed. When people (entrepreneur) feel committed and to what they’re doing and when they care deeply about it, they have a chance of being successful at it. Passion is the enthusiasm, ambition, joy and zeal that emerge when entrepreneur are doing something that they feel is important and truly enjoy. This passion, it is an attitude that results in tenacity in the face of difficulty and a willingness to work hard. Entrepreneur does not give up easily. In fact, on most days they are confident of their ability to meet the challenges confronting them. Passion is one of the reasons that people start a business. ii) High Tolerance of Ambiguity Tolerance of ambiguity is means not getting upset when you don’t know the outcome of the situation. Ambiguity is a fact of life. A person with a high tolerance for ambiguity is one who finds ambiguous situations challenging, one who strives to overcome unstable and unpredictable situation in order to perform correctly. Entrepreneurs do not only work in uncertain environments, but they are also prepared to handle them. And in pursuit of their objectives undertake the unknown with patience. Entrepreneur who is more tolerant of ambiguity may view ambiguity as a challenge and...
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