Taking risks and prioritising action key to success as entrepreneurs

National 2 minutes, 17 seconds

BANDAR SERI BEGAWAN

TAKE risks and prioritise action above all else to be successful entrepreneurs, the Brunei Shell Petroleum (BSP) managing director told students.

During the third Brunei Entrepreneurship Education Scheme (BEES) award ceremony, Ken Marnoch said taking action is a core tenet of successful entrepreneurship as timing will never be “perfect” to start a venture, nor will one have all the necessary information before them.

“If you are an entrepreneur in waiting - follow the advice of ‘just do it’. Start before you feel ready and be prepared to relentlessly fight when the going gets tough,” said Marnoch.

In a similar vein, Minister of Communications Yang Berhormat Pehin Orang Kaya Hamzah Pahlawan Dato Seri Setia Hj Abdullah Begawan Mudim Dato Paduka Hj Bakar told students to dare to dream and not shy away from striving for financial success.

He added that His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam had already identified business literacy and entrepreneurship as two key areas for the country to achieve the 2035 Vision of a skilled and educated workforce.

“There are a lot of folklore stories out there that tell us not to dream, or to not have big goals.

“Growing up (in 1958) I heard the story of Mat Jenin - a boy who picked coconuts. He dreamt that he would sell the coconuts for chicken, and then sell the chicken to buy cattle, and upon the cattle becoming big, sell it to buy a ship to then trade around the world and marry a princess.

“And while dreaming he fell and died. When we were young we were told this story and told – jangan angan-angan - don’t even dream because look at Mat Jenin, he died. As a seven-year-old it made a big impression on me.”

The minister quoted another folk tale of a rich man who donated money to a cobbler after being envious of the cobbler’s seemingly carefree nature.

The rich man returned the next day to see the cobbler miserable and unhappy, because of the burden placed upon him because of the money.

“I never understood the moral behind any of these stories – the first is not to dream and the second is not to be financially successful. So my advice to you (students) is to not take these seriously. Dream big and strive to achieve financial success.”

The BEES programme is a partnership between the Ministry of Education, Universiti Brunei Darussalam and BSP, created to instil entrepreneurial awareness and values among the younger generation.

As part of the programme, students receive help to put into practice business ideas that they have - while also incorporating Islamic business features such as zakat payment and making sure ingredients are from legitimate sources.

The Brunei Times