Tan Sri Vincent Tan has the ability to makehimself become a successful businessman nowadays and develop his businesswell-known by everyone. Entrepreneur who have the foresight will experience alot of advantages and let them made up mind in quick decision at perfecttiming. Foresight entrepreneur will lead their business in high profitabilityand have the chance to expand their business. To achieve the goal they musthave a clear vision and mission.

Clearly vision and mission will lead them tohave the best strategy to work hard towards the goal and try to achieve it aswell. Tan Sri Vincent Tan become successful nowadays because he know that if hewant to have a lot of things then he must try his great effort to obtain it andhe will not take it for granted if without his own effort. Tan Sri Vincent Tan desiresto achieve more as he was unsatisfied with his previous success.

Due to justhaving a McDonald’s franchise and now he has a football team in the process toachieve success in the world.             Timecompetence should be foster in the life of an entrepreneur and also everyonewhen they was kid. Time is the main enemy in life, it can kill and develop abusiness in a blink of an eyes.

Time competency play a vital role for anentrepreneur to start and develop their business. Incompetence time is veryharmful for every entrepreneurs as they will miss the perfect timing oropportunity to create something new that meet the demand of consumers. Tan SriVincent Tan has a good time competencies in clever way of bringing McDonald’sfranchise business into Malaysia in 1980s. Although previously his applicationwas rejected but he never gave up and persistent until one day he stand achance of opening McDonald in Kuala Lumpur. Nowadays, McDonald is very famousin Malaysia and prefer by many people.             TanSri Vincent Tan was a person believe in power of conviction. When he made up adecision, believe it was the right one, he will go ahead on it.

Of course, whenwe made up a crazy decision, everyone may laugh us. But, if we know that therewas an opportunity to let us success, we must go ahead with it, no matter whatyou are up against. Believe in yourself. As an entrepreneur, nobody would liketo see their businesses being undervalued by people. So, they will try theirgreat effort to achieve excellent result for their businesses. A smartbusinessman would always privatize an undervalued company when there is anopportunity to do so. Example, when Tan Sri Vincent Tan started DiGi, one ofhis banker friend sarcastic and laugh him of do something that is ridiculous asTan Sri Vincent Tan at that moment do not have much of the knowledge about thetelecom.

He so brave to borrow RM500 million on personal guarantee and soconfidence by saying he will not let the business fail.                  Versatilityalso the criteria in becoming a successful entrepreneur. This criterion can bemore courageous entrepreneur to develop their ideas and thought to achieve thedesired success. It means that entrepreneur who have this capabilities arebeing able to manage the business from failure and have a good planningmanagement in operation and financial. For example, Tan Sri Vincent Tan hascharacteristic of versatility. This can be seen from the development of hisbusiness. Previously, he started work with just a clerk, and after that he tookchallenge to buy McDonald’s franchise in 1982.  He acquired a controlling stake in majorBerjaya Corporation Berhad in 1984.

In 1985, when the lottery agency wasprivatised by the government he bought Sports Toto. In May 2010, Tan SriVincent Tan became the owner of Cardiff City Football Club. Every businessendeavour by Tan Sri shows that he is a very versatile because he can diversifyhis business in various types of industries.



I'm Erica!

Would you like to get a custom essay? How about receiving a customized one?

Check it out