I am Fadhlin DSK 2A student in Politeknik Sultan Idris Shah, today  we began our second entrepreneurship class with Sir Zaini. Last semester Sir Zaini taught us the subject of Malaysian Studies, what is different at this semester every Tuesday we will go to TECC to study the subject of Entrepreneurship and what is more interesting in TECC is more spacious and comfortable than in the classroom.

On that day we were to present The Cashflow Quadrant where we had to discuss every single article written in the book. There are four main content namely Employee, Businessman, Self-employer and Investor. What I can learn from the main content is very useful!!

Assalamualaikum and Hi everyone!! Today I would like to share to all of you about my study in Tecc class.  Which in subject Entrepreneurship.  Today is week 4.  You know what we learned in week 4? We learned another sub topic in chapter 3 which is, sole proprietorship.  You know what is Sole proprietorship? Are you excited to read my experience when I study about this chapter? Okay let’s start.

Sole proprietorship is an attractive form of legal status for a new business.  The sole proprietorship is by far the simplest business structure with minimal legal requirements under Business Registration Act 1956 (Amendment 1978) and the procedures of Business Registration 1957.  The form of business structure is solely owned and operated by one individual.  Example of sole proprietorship is tailors, beauty salons, restaurants and mini market.


In this chapter, we are given task of making presentation using Microsoft power point using the computer provided. When were already done making a preparation for presentation, we need to connect the tasks from computer to LCD. So that, all of students can see and learn what work we have create using Microsoft Power Point in this chapter. Tecc class is very convenient for all of student right? Because a lot of technology facilities are provided.

Assalamualaikum and Hi everybody!! Hi would like to share to all of you about what I have learned in week 4. Which is in subject entrepreneurship. I learned this subject at Tecc class. Are excited to read my story? Okay, Let’s start, The topic what I have learned in week 4 is about Business Ownership. Do you know what is Business Ownership?
Owning a business is one of the first things an entrepreneur must decide on before embarking on his venture the proper form of business ownership.  Selecting the right form of business ownership is important because the form of business ownership will determine how the business is organizes, how the money that flows in and out of the business handled and how the business is taxed.
In this chapter, we are given the task of making presentation using power point. I very excited to use power point because a lot of benefit when using Power point. Which is, you can use Microsoft Power Point to create interactive presentations containing text, art, animation, audio and video elements.
This is My group during preparation using Microsoft Power Point for presentation.

In week 4, I learned about Factors in Selecting a Business Ownership.  This is my first time learning about entrepreneurs in more details.  We were assigned a group assignment to prepare the presentation on this topic.  We completed this assignment using the convenience of a laptop located at TECC.  After completing the assignment, the presentation begins group by group.  Each group presents the assigned task and questions are answered throughout the presentation.
Through this presentation, students can learn more about entrepreneurs.  On the whole, this activity enhances the knowledge as well as can closer relationships between students and lecturer.

In addition, in this chapter I have learned about Capital, Personal Assets, Span of Control, and Sharing of Information.  This is also my first time learning about this.  What I've learned is Capital is the main element that determines the type of business.  Personal Assets are liable to the creditor if losses are incurred either in a sole proprietorship or a partnership.  If an individual wants to have a bigger span of control and authority, sole proprietorship is the best form of ownership.  If an individual decides not to share information with his counterparts, it is advisable for him to form a sole proprietorship.  That's a summary of what I've learned about 4 factors in selecting a business ownership.

In conclusion, what I have learned so far has helped me in carrying out this entrepreneurial project.

In the 4th week as well, I've learned about types of business ownership.  This is also the first time I've heard and learned.  We were also assigned a group assignment to prepare presentations based on the groups given by the lecturers.  A question and answer session was also held during the presentation.  There are many benefits that have come to us during this presentation.  Such activities should be done more often as students build higher confidence in themselves while also enhancing their understanding of learning entrepreneurship.

What I've learned in this subtopic is there are four popular types of business ownerships for an entrepreneur to choose from, sole proprietorship, partnership, private limited company and public limited company.  A sole proprietorship is an attractive form of legal status for a new business.  A partnership refers to a business owned by at least two or more individuals but not exceeding the maximum number of 20 persons.  In a general partnership, all partners have unlimited liabilities for the debts of the business.  In a limited partnership, some of the partners have limited liabilities, they share the firms profit or losses but do not take an active role in managing the company.  That's a bit of my understanding of what I've learned about this subtopic.

On the whole, this subtopic enhances the existing entrepreneurial knowledge of all students and helps students understand more clearly.

Also I’ve learned about Approaches to Seeking a Business Idea in this chapter. A common problem we hear among new entrepreneurs is that they do not know how to come up with a profitable business idea. As a newcomer in the business world, to enter the market is always a problem because most of the businesses would have been monopolized by experienced entrepreneurs.
The last thing that I’ve learned in chapter 2 is Guidelines in Choosing a Business Idea and Opportunity. In this topic we have 6 guidelines that we should follow as a entrepreneur. First, Data Collection and Research. Second. The entrepreneur should collect as much information as possible pertaining to the business. Preparation of a Complete Business Plan. An entrepreneur should prepare a complete business plan which includes the business mission. Next, Establishment of a Linkage or Network. A potential entrepreneur should develop a linkage or network with other entrepreneurs when he starts his business. After that, Funding. Also, Hiring of a Workforce If Necessary. Workforce is an important asset to succeed in an entrepreneurial business. Then, most importantly is Confidence. In order to initiate a business, an entrepreneur has to have confidence. Last but not least, we should have a Good Time Management. Being in a business is time-consuming.
 I feel it worth it to learned this subject because I think its important for us to know about all this thing because we can use what we’ve learned as a starting to do some business.

Assalamualaikum and Salam Sejahtera, I’m Syazaliyana Bt Mohamed Saaban from DSK2A. I want to tell about what I’ve learned in week 2 about subject Entrepreneur. So, in week 2 I’ve learned about Chapter 2. Its about Business Idea and Opportunities. The definition of Business Idea and Opportunity is a concept that can be used to make money. It focuses on a product or service that can be offered in exchange for money.
Next, in the same chapter I’ve also learned about Primary and Secondary Sources of Business Ideas and Opportunities. A business idea and opportunity can be obtained through primary and secondary sources. These sources will provide the types of information needed by an entrepreneur to effectively identify opportunities or evaluate ideas.
Also, I’ve learned about Sources of Innovative Business Idea and Opportunities. Four such areas of opportunity exist within a company or industry or known as internal sources of business opportunity are unexpected occurrences, incongruities, process need and market changes, while demographics, change in perception and new knowledge are external sources.
Moreover, I also learned about Process of Recognizing, Analyzing and Choosing a Business Opportunity. For an entrepreneur, identifying, analysing, and choosing business opportunities are essential to determine if the venture can make profits and sustain its comoetitveness.

On 18th July 2019 we learn about approaches to seeking a business idea.  First is, fulfilling needs and interests, analysing life problems, diversifying the usage of goods, observing changes in the community, using the latest technology, observing and establishing a network.

Next, Sir Zaini explain the list guidelines that must be followed in choosing a business ideas and opportunities.  First guideline is, preparation of a complete business plan.  An entrepreneur should prepare a complete business plan which includes the business mission.  Second, establishment of a linkage or network.  A potential entrepreneur should develop a linkage or network with other entrepreneurs when he starts his business.  He should register himself as a member in professional clubs.

Furthermore, we learn the third guidelines which is funding.  An entrepreneur must learn how to obtain funding from friends, family members, financial institutions, or the government.  They need to know the amount that is required to achieve profile.  Then, hiring of a workforce if necessary.  Workforce is an important asset to succeed in an entrepreneurial business.  An entrepreneur should hire workers only when there is necessary.  Confidence also the guidelines in choosing a business ideas and opportunity.  In order to initiate a business, an entrepreneur has to have confidence.  Lastly, good time management.  Being in a business is time-consuming.  An entrepreneur has to manage his time wisely so that can balance his time between the business and his family and friends.

Assalamualaikum and Hey everyone.  My name is Wan Nur Adriana binti Wan Ahmad Kamal from DSK2A.  Today on 16th July 2019 in week 3 we had learn about chapter 2 which is Business Ideas and Opportunities at TECC class. Lecture by Sir Zaini bin Zainuddin.

First,  Sir Zaini explain about the meaning of business ideas and opportunities.  A business idea is a concept that can be used to make money.  A business opportunity is a proven concept that generates ongoing income.  It is a business idea that has been researched upon, refined and packaged into a promising venture that is ready to launch.

Next,  we learn about primary and secondary sources of business ideas and opportunities.  Primary sources refer to first-hand data or information gathered directly through observation, experiments, interviews, and surveys. In addition Sir Zaini describe about the process of recognizing, analysing, and choosing a business opportunity.

Hi guys!

Today I want to share about my activity in the entrepreneur classes in this day. Today on 25 July 2019 (Tuesday) was a second class of this subject in this week. This week is still in the fourth week of the study session in this semester. Sir Zaini told us to continue the presentation that we have to stop on Tuesday classes. The next group that presents is group number 3 which is presents about partnership. Partnership is divided into two things. It is about advantages of partnership and disadvantages of partnership. What I learn about the advantages of partnership, it can increase in resources for capital, sharing of business risks, direct rewards, and ease of formation. Other than that, the disadvantages of partnership is unlimited liability, limited life span, lack of continuity and conflict.

The next group is group number 4. They will present about private limited company and public limited company. Both of that have the advantages and disadvantages. They have explained in details about the topic. What I learn about private limited company is it have the advantages such as limited liability, perpetual life and ease of expansion while the disadvantages is high set-up, high taxation and lack of freedom in the transfer of ownership. Public limited company has the advantages too such as perpetual life, transfer ownership and economics of scale. The disadvantages of public limited company is high taxation, high set-up costs and restriction of activities. Then Sir Zaini ask us a few questions about it to test our understanding besides waiting the next presenter to get ready the power point that they prepare.

Next is the turn of group number 5, They will presents about acquisition, start-up and franchise. Acquisition, start-up and franchise have the advantages and disadvantages. All of it is about liability and perpetual life. It was the last sub topic in chapter 3. Then Sir Zaini make a summary about this whole topics that we has presents. All of us did a great job because the explanation of each group is amazing. I am so glad that I can understands this topic very well.

Assalamualaikum and good morning everyone!

Today I want to share my class activity in 23 July 2019 (Tuesday). It was the fourth week of the study session in this semester. That day DSK2A had an entrepreneurship class by Sir Zaini. Our class is in TECC room. On that day, Sir Zaini divide us into groups which is one group have five group members. We were instructed to provide one Power Point to do a presentation about topic that we got. The main topic that we will learn is Business Ownership. In this topic we will learn about factors in selecting a business ownership, types of business ownership, sole proprietorship, partnership, private limited company, public limited company, acquisition, start-up, franchise and various ways to establish a new venture.

On that day, just a few groups that presents because there has not enough times to cover all the topics. The first group is present about the factors in selecting a business ownership and type of business ownership. Factors in selecting a business ownership is about someone who is thinking of launching a new business should consider the following factors in selecting a proper form of ownership. The factors in selecting a business ownership is divide into four which is capital, personal assets, Span of control and sharing of information. Other than that is about the types of business ownership. In that topic I learn about the legal conditions of each form of business ownership must be considered by the entrepreneur to make the right choice and must take the advantages and disadvantages of every form of business ownership during the selection process. There are four  popular types of business ownership for an entrepreneur to choose from sole proprietorship, partnership, private limited company and public limited company.

The second group is presents about sole proprietorship. It was divide into two which is the advantages of sole proprietorship and disadvantages of sole proprietorship. The advantages of sole proprietorship is limited liability, perpetual life, attracts skilled employees and ease of expansion. Moreover, the disadvantages of sole proprietorship is unlimited liability, lack of continuity, incurs all losses and limited access to funds. Then the presentation will continued in the next classes. Then Sir Zaini gave a short explanation about the topic that was presented of both group to increase our understanding about that topic. I was so enjoyed that day because I was learn a new thing about the subject.

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