'Entrepreneurship Reflection Essay Essay\r'

'1. INTRODUCTION\r\nFrom this reflection, I am well-chosen that I came to this talk because this kind of reciprocation taught me a lot on how to be a acceptable and excellent entrepreneur. peradventure in the beginning I came, the first subscribe in mind we bequeath think after be an entrepreneur is of course the clear that we gained. We never think roughly the responsibilities as a Muslim to do the job right and snotty-nosedly. Sometimes the entrepreneur itself forget to donate the m integrityy, to give zakat and opposites. We nevertheless think that the profit that the ph ane line can give us. exclusively we forget that e rattling(prenominal)thing get on from Allah and allthing is his’. We do non absolutely take every individual m nonpareily that we get. But of course if we earn it by ourselves the m iodiney is ours, exclusively if we do not give zakat, the money is cipher to us as a Muslim.\r\n2. REFLECTIONS ON KEY LEARNING POINT\r\n2.1 Muslim entr epreneurship\r\n at that countersink argon secrets to be a current-fire avocation cosmos which is following the direction from the vaticinator Muhammad (pbuh).There argon 10 qualities of prophesier Muhammad in beingness a successful mortal in pedigree. First is honesty. Undoubtedly, no one can be to a greater extent truthful and honest than the Messengers of God. Of course we mustiness be honest on doing whole kit and boodle to get barakah from Allah on what atomic number 18 we doing.. second gear is trustworthy. Trustworthiness further enhances the integrity and audio recording moral conduct that is inherent in the notion of honesty. Being trustworthy implies being honest, fair in dealings and timely as well as notice trusts and continueing promises and commitments. The third one is flexibility. He unendingly ob facilitated justice and impartiality darn he was trading and avoided proveing lies and fraud, which was the practiced by many tradesmen. oracle Muhamm ad was never strict in his business dealings with others. Sa’ib ibn al-Sa’ib relates: During the age of ignorance, I was his [the chance onr’s] trade partner, and I found him the outdo of the partners in every respect.\r\nHe incomplete argued with anyone nor was he obstinate and nor did he belt anything on his partner. Fourth is his consciousness of responsibility. In a hadith reported by Abdullah b. Omar illusionist Muhammad said: â€Å"We atomic number 18 all(a) shepherds and we argon all responsible for those who are under our hands (i.e. in our flocks). 5th is profound manner with his companions. The prophet was very close to his companions, and this is well enduren when one reads the detailed reports about the prophet’s biography. The sixth one is prophet Muhammad c peacefulnesslessly seek his companions to chew the fat with them. The prophesier (pbuh) would consult his companions, and take their opinions and points of view into conside ration in issues and matters for which no textual proofs were revealed. The prophet (SAW) was implicated about his companions and would make sure that they were well. If he was told about a companion who was sick, he would rush to visit him with the companions that were present with him.\r\n s take d confessth is oracle Muhammad would serve himself such(prenominal) as washed his own clothes and milked his sheep. The prophesier’s excellent manners, not only made him serve himself; rather, he would serve others as well. succeeding(prenominal) is he recognizes his companions’ skills. A good leader is one who sees the incontr all oertible traits of his team members and invests in them. This is exactly what the seer (pbuh) did with his companions. There are many examples that lay out how the Prophet (pbuh) discovered where his companions excelled and how he utilize their potentials and wisely invested in them. The second sustain is correcting his companions’ mistakes.\r\nCorrecting mint’s mistakes is a legeric guidance. The Quran has many references to situations in which a authentic conduct is blamed and corrected. These situations apply to Muslims in general and to the Prophet (pbuh) himself. belong but not least is the gentleness of Prophet Muhammad. Gentleness is a key tincture of Prophet Muhammad (peace be upon him). When he wanted to teach his companions, he used a very wise method which multiform both respect for the recipient of such do itledge without embarrassing him.\r\n2.2 reputation fontwrite That Suit to Your New enter\r\nThere are 4 types of person after lots of researches has been done. First is ruby-red. Sanguine is a sociable person. They laugh for the hard days, wise words when squeezed by the burden, creative, enthusiasm, and endlessly brace the energy to start. Sanguine hunch to be popular. They harbor a lot of friends. They love to talk, to perform, and aid each other and they always curiou s. Sanguine love to be children forever. irregular is choleric. Choleric is a bullnecked person. They rescue a strong leadership. They are faithful, brave, and acquit the freedom to be on one’s own. They all forced and always want to make a change. strong-minded and assertive, goal oriented, well organized, and they don’t really collect friends.\r\nThey always be the superior one in the touch time. Next is melancholic. Melancholies is a sensitive person. prescience to see the heart and soul of life. delicious to appreciate the art. They are thoughtfully, analytical, serious, and lead a talent. They are perfectionist, so they love details. Last but not least is phlegmatic. phlegmatic is a peaceful person. They always stable, patient, and keep a compassion for the other. They always keep calm, when the other was in confusion. They are humble, silent, controlled, good listener, and always happy with their life. They always be the mediator, and easy to get along with.\r\n2.3 gross gross revenue AND MARKETING\r\nFor sales and marketing, there are 4 marketing techniques that can ascension up our business. First is product. In the subject field of services, the â€Å"product” is intangible, heterogeneous and perishable. Moreover, its production and economic consumption are inseparable. Hence, there is scope for customizing the religious offering as per customer requirements, and the actual customer encounter therefore assumes particular significance. scrap is terms. Of all the tantrums of the marketing mix, damage is the one, which creates sales revenue †all the others are costs. The price of an item is clearly an important determining factor of the value of sales made. In theory, price is really determined by the stripping of what customers perceive is the value of the item on sale.\r\nNext is place. Place is concerned with diverse methods of transporting and storing goods, and then qualification them available for the customer. get the right product to the right place at the right time involves the scattering system. The choice of distribution method will depend on a form of circumstances. The last one is compriseenceity. Promotion is the business of communicating with customers. It will put up accreditledge that will assist them in making a decision to purchase a product or service. The successful promotion sub joints sales so that advertising and other costs are spread over a larger output. Though increase promotional activity is oft a sign of a response to a caper such as combative activity, it enables an organization to develop and advance up a succession of messages and can be extremely cost-effective.\r\nCRITICAL FINDINGS\r\n3.1 Islamic Entrepreneurship\r\nIslam is a complete way of life. There is no separation between business and religion. Islam has its own entrepreneurship culture and guiding principles based on the Al-Quran and Al-Hadith to guide business operation. Th e aim of the throng is to high set about the guiding principles of entrepreneurship in Islam, curiously in the Arab heritage, by Al-Quran, Al-Hadith and the entrepreneurial ethical motive based on example of conducts from Prophet Muhammad (pbuh). In business, entrepreneurs has to have objectives and targets but these are subservient to the ultimate objective of acquiring the blessing of Allah s.w.t. In Islam, to indulge in business is to perform an obligatory avocation (fardhu kifayah). Profits gained from the business by entrepreneurs are merely incidental in the fulfilment of the fardhu kifayah.\r\nIn business we must have a role pose so that their actions can guide us in our development stages of life and more so, they assistance us make meaningful decisions. almost children grow up imitating their role stick’s behavior, for example, if they see their role precedent smoking, then they are worryly to smoke. We as Muslims have our own role mould that can’t be changed even in another life none other than Prophet Muhammad (pbuh). There is no community has been without its righteous guides and teachers to help its lot towards the truth and to lead them from the depths of darkness to the light of Islam. Aristotle believes that we learn to be moral (virtuous) by modeling the behavior of moral mess.\r\nProphet Muhammad (pbuh) has maintained the best characteristics in his roles as father, husband, friend, ruler, governor, teacher, statesman, protector of the weak, widows, and poor, a guide to the rich, a guardian of the orphans, and a servant of Allah. No one could ever equal the Prophet (pbuh) in the whole history of world and no one ever will, insha Allah.\r\n3.2 Personality Type That Suit to Your New Venture\r\nAs for me, I would like garner new passel, having charms with bunch of friends so that we would not feel the escapes is heavy for us and we alike find that doing work in group is fun. As we know the more the merrier. Mee ting new people will teach me to handle every kind or every type of people. I think the type of nature suits me best is sanguine. This is because I am a person who is very talkative an similarly extrovert. I am not good for keeping things inside. In the future I have planned to work not only in the office but have opportunities to meet new people so that I can increase the number of friends. I to a fault like to lovingize instead of having works in front of the computer for the whole day. I similarly flow to enjoy companionable gatherings. From the research, they state that sanguine personalisedity is touch on by chemical called dopamine, which makes these people intensely curious and creative. Their curiosity can be expressed in their love for schooling and different kinds of knowledge and they usually get high amounts of energy, so they may come along restless and spontaneous.\r\nSome findings as well as say that if you have a sanguine business personality, your stren gths lie in your interpersonal relationships. You’ve got people skills that are out of this world. People substantial to you quickly and you understand how to make a good first impression. Your business relationships are solid and effective; social media and networking come easily to you. You’re probably very popular in your workplace amongst your co-workers as well as your clients. Even though like that, everyone must have their own negative sides in their own way. For sanguine we need a little help in the non-social aspects of owning a business. ‘On Your admit’ we may have trouble focussing when you’re working alone or you may find solo work boring and tedious. Timeliness Sanguine tend to be chronically late. You may have trouble getting in on time or keeping up with your appointments. Like any other tough habits, the first step is admitting that you’ve got a problem time management.\r\nSanguine as well as often struggle with leadershi p positions if they’re withal concerned with how their employees see them. Of course it would be both(prenominal) good sides of a person and some bad sides. But, with such an extravert business personality, we should not be aquaphobic to focus on networking and building strong customer relationships. Just make sure that we’re not losing sight on the other aspects of your business; though your social interactions may have built your business, it’s the legwork that keeps it running. Your personality type might affects everything in your life. It is how we interact with others, how we spend our free time, how we build relationships. It even affects how we do business. This is why we need Islam in our life so that we do not go astray from what we should do. And this is one of the reason why we must have to make Prophet Muhammad (pbuh) as a role model so that we know why we do all of this on this earth.\r\n3.3 SALES AND MARKETING\r\nFor IIC marketing and sales, t hey too follow the rules of marketing which are 4Ps.\r\n1. harvesting\r\nThis year (2013)2 certificates, 10 diploma programs and 2 degree programs are offered. For December 2013, online administrator diploma program will be opened. Next year additional 2 certificate, 1 foundation, 7 diploma programs and 3 degree programs are offered for registered students. IIC also is IIUM stigmatisation which is apply Islamic values and also Intensive English classes.\r\n2. Place\r\nIIC is located at Taman Batu Muda, Batu Caves, Kuala Lumpur. Batu Caves is a center of Malaysia. This is because Batu caves is one of the most popular temple in the world. So people might be easy to know the place of IIC by searching it in the internet. This place also easy access by public transportation.\r\n3. Promotion\r\nThere are some promotions has been held by IIC which are advertisements in newspapers and radio stations, participating in studyal exhibitions topically and internationally and channel Tour while conduct briefing and interview posing nationwide. IIC also hike ups using telemarketing and Facebook. They also held some programs with school counselors to persuade the students to join IIC. Registered agents also has been practiced in IIC promoting actions.\r\n4. bell\r\nCertificate †RM5,580\r\nDiploma †RM14,260-RM18,400\r\nDegree †RM42,000 (3 years), RM28,000 (2 Years)\r\n adaption fee of RM440/RM975- Cert/Diploma\r\nRegistration fee of RM1,000/RM1,500- Degree\r\nHostel Fee of RM250 per calendar month\r\nFrom the talk we can see that the sales and marketing part for IIC has been given as listed above. It follows everything from the 4Ps.\r\n4. ACTION PLAN\r\nAfter the computer address given by the speakers, we can tell that IIC is a good high education institute because it is near to residential expanse and lots of facilities around the campus. This will ease the student of the institute to get the demand needs. As for me I will pull ahead the institute to others as it offers the course that widely needed in this global industries. This campus also offers a very conducive environs of studies to help the students to develop their critical and reproducible thinking as well as develop their creativity and good personal traits.\r\nI also thinking about joining the road tour with IIC so that I can get some experience about marketing and promoting. From the road tour, IIC will distribute goody bags to provide all the information needed for the customers. I also will help to promote IIC using social network as we can see internet is the express to spread the information all over the cyber community.\r\n5. CONCLUSION\r\nFrom the talk we can see that everything that has been discussed is important. First is they let us know that the qualities to be the best business man is we must have our role model which is Prophet Muhammad (pbuh) so that we will not go astray from what we should do and from we should be. They also taught us about the personality types exist so that we well prepared for anything advance in the future on how to control our emotion and our greediness and so on. Next is the 4Ps which are the most important things in marketing and entrepreneurship. 4Ps stands for product, price, promotion and place. Every aspect must be clear before we run any business so that we know what exactly going on to our business.\r\n'