Wednesday, 15 April 2015

5 ENTREPRENEURIAL TRAITS IN TAN SRI MOKHTAR AL-BUKHARY


INITIATIVE
Tan Sri Mokhtar always find the ways to explore and try something new in entrepreneurship. For example in shipping, agriculture, clothing, private projects and many more. Among the initiatives undertaken to finance the poor Muslim students from across ASEAN to study in Malaysia. In 2000, Yayasan al-Bukhary give donated a total of RM775 million to the Oxford Centre for Islamic Studies, which is a famous center of Islamic learning in the world. Yayasan al-Bukhary is also currently assisting the Institute of Educational Development (MIED) in the project for establishing the Institute of Medicine, Science and Technology Asia (AIMST) in Sungai Petani, Kedah.
Besides that, Yayasan al-Bukhary involvement in projects initiated by non-Muslims are also highlighted. Although, Yayasan al-Bukhary has more emphasis on charitable projects that characterized Islam, it still contributes to projects run by non-Muslim organizations. For example, Yayasan al-Bukhary contributed RM1 million for Langkawi Project, which was initiated by the MCA project to raise funds for carrying out educational projects in rural areas and also provide scholarships to needy students.

Tan Sri Syed Mokhtar Al Bukhari was a man who never knew the meaning of failure and he always learn from any mistakes. He is also a prudent business mainly about the purchase and acquisition of a stake in a company and project. He seems to think of the interests of the public, especially the indigenous before making any important decisions in business. He has a superior personalized exemplary of all parties.

VERSATILITY
Tan Sri Mokhtar very versatility in many field of cariers. Although his highest education was only until form five, and he never went to university, but that doesn't mean he's lacked of knowledge. A whole lot of his knowledge and experience was gained through his own entrepreneurship experience during his youth time. Syed Mokhtar helped his mother planting and selling vegetables in the market and also selling roti canai. His numeric knowledge was used to help his father in doing daily book keeping.

He helped his father in breeding cow business, selling meats. His business is really good and it give it more confident to him. From that he start to make new changes to his entrepreneurship until he success. One project that enhanced his stature in the international arena is the Museum of Islamic Art, Kuala Lumpur, whereby the idea was conceptualized by Dato' Seri Dr. Mahathir himself. Tan Sri Syed Mokhtar was responsible for luring the famous shopping mall in London, i.e. Harrods, to invest in Malaysia through his company, Amtek Holdings Sdn.Bhd.
Tan Sri Syed Mokhtar played a major role in the family-owned Al-Bukhary Foundation, whereby he is the Executive Chairman. Through Al-Bukhary Foundation, he has made several contributions towards the social sector, particularly the Islamic social and welfare activities. The foundation is also responsible in constructing the Al-Bukhary Mosque Complex, which is the latest landmark in Kedah.
In appreciation of his enormous services and contributions, he was bestowed with several awards, which among others, include the Panglima Setia Mahkota (P.S.M.) by His Majesty Seri Paduka Baginda Yang di-Pertuan Agong, which carries the title Tan Sri and the Dato' Setia Mahkota Kedah (D.S.D.K.) by HRH The Sultan Kedah, which carries the title Dato'.
He also hoped that entrepreneurs are confident with themrself and what is being sought. More Bumiputera entrepreneurs can not succeed not because their ideas are not good, but because they are unsure of themselves. He has been expanding his business empire with interests in multinational companies in Malaysia such as MMC Corporation Berhad, Port of Tanjung Pelepas, Bernas, Gardenia, DRB-Hicom, Bank Muamalat, Pernas, Malakoff Berhad, Johor Port Berhad and more.
 Known as a figure who is generous and has a value of humanity exceptionally high, he founded the Islamic Arts Museum, Al-Bukhary Foundation, International University of Al-Bukhary, and also Al-Bukhary Complex. In addition, he also beautify the National Mosque and delivery sponsoring Malaysian pilgrims every year who can not afford to make the pilgrimage. The latest, high-minded millionaire has built mosques in several areas in Negeri Sembilan, other than in Alor Setar, Senai Airport, Johor and also in Jalan Pudu.


As "Billionaire philanthropist", pure nature that nurtured since childhood by his parents, Tan Sri Syed Mokhtar is someone who is always humble and never stingy with their knowledge and secrets of success in business. Excerpted from Syed Mokhtar Albukhary: A Biography essay Premilla Mohanlall, he had said, "My mother taught us that we do not have any money until we give him wholeheartedly, with the hope that it will make other people's lives for the better." Apparently humility are emphasized by her when he said, "Teaching for me is that we must always remember our origin, where we came from, and humble when given good luck. If not, we may fall."


ABILITY TO LEARN FROM MISTAKES
He never knew about failure in his life and he always learn from mistakes. He always be careful in his business. He responsible on what he was doing. He always think that wealth hat we get come from responsible. He said, he must do kindness although it small but it bless. He also didn’t selfish. Success and wealth is belongs to Allah and use it in the right way. He never give up, strong to wake up from mistakes.

Don’t make religion is the place to us to rely when we in trouble. I act according to the needs of affected but continue to strive to make every problem resolved as soon as possible. When he has a problem, he can solve the problem with wise and calm.  He did not give up under any circumstances. He said, to develop a strong business need to be patient and work.


He also advise young entrepreneurs do not want to succeed quickly. Every effort is absolutely necessary through a phase of adversity, challenges and so on. He took off his own example that starts from the bottom with the help of his father sold the cattle and buffalo in the village before reaching the stage now. If we go through the hard way, then we will find a way to appreciate and love. Usually when a breakthrough short, too easy for the business we do it crashed. "If we go through the hard way, then we will find a way to appreciate and love," he explained briefly.

PERCEPTIVENESS
He built his business at Kuala Lumpur to grab the opportunity to get the job from the government and he success to start commodity business such as sugar and rice. He is always looking for other business opportunities that can help others develop youth themselves and not just for himself alone. He is very happy to help others people. Tan Sri Syed Mokhtar Shah bin Syed Al-Bukhary started his business as an entrepreneur meat in 1970.

He is also the owner of Yayasan Al-Bukhary and is involved with the business based on farming, construction, engineering, infrastructure and ports. But in the 80s he wisely the money by switching to a transport plane that had brought him success and made it the richest Bumiputera corporate figure in malaysia. He wisely took a chance and use the opportunity to forge greater success. This is because, not everyone will see it as an opportunity.

FORESIGHT
He always have mission and vision to improve himself and have a high goals to success in what he undertakings. He patience and perseverance when he face an advanteges and always brave to face it. He always look forward and only thinks to be a successful people and help another people. He never feel fear to himself and confident. People always think that we must have money to survive.
That is make them lost from helping another people. Beside that, they will feel to the,self and they forgot wealth is never help you forever. He symbolises a generation of the Malay corporate figures who is capable in leading a number of business conglomerates. His success could be seen when he acquired 90% ownership of Seaport Terminal (Johor) Sdn. Bhd. in 1993. He was able to lay his hands on a mega project when Seaport was awarded a 30-year concession to build and operate the Port of Tanjung Pelepas (PTP), that made him a substantial majority shareholder.

He will focuses on one business until his business success and give benefit and then he will try new business. Like he was said, first business must stable before try another business. This is because, if another business is not really good, he already have a good business at the first.


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