Richard Branson, an English business tycoon and the founder of Virgin Airlines once said, "Business opportunities are like buses, there's always another one coming." This quote signifies that there are always an opportunity in entrepreneurship in life if there is a will to take the risk and motivated to do so.
Entrepreneurship roots from the word entrepreneur, which according to www.wikipedia.com, it can be defined as one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods. Entrepreneurs are risk takers, willing to roll the dice with their money or reputation on the line in support of an idea or enterprise. They willingly assume responsibility for the success or failure of a venture and are answerable for all its facets.
This is what we going to learn while doing this report. As stated in the task outline given, the goal of this assignment is to understand the experiences, motivation, and lessons learned by someone who have founded a business before. In this report, we choose RM Batik, a well known batik manufacturer in Kuantan, Pahang as our research company.
Batik is a cloth that traditionally uses a manual wax-resist dyeing technique. It has been a fabric for traditional dress and costumes of the Malays, especially for the people in the east coast states of West Malaysia. Pahang batik has been in existence for decades and has been part of the small cottage industry in the state. Although not as famous or popular as the batik of Terengganu and Kelantan, Pahang batik has, nevertheless, thrived as a small industry in the periphery of the fame and popularity of the Terengganu and Kelantan batik.
In Pahang, you can find a few batik makers in Kuantan and in the few small towns on the coastal road to Terengganu. One of the most popular and famed Pahang batik producer in Kuantan is RM Batik, founded by the late Ramli Malek, a renowned Pahang artist, batik designer and entrepreneur. RM Batik