Business failures and problems in Malaysia / Law Kuan Kheng and Wan Irham Ishak

• Main Authors: Law, Kuan Kheng, Ishak, Wan Irham
• Format: Article
• Language: English
• Published: Faculty of Business & Management, Universiti Teknologi MARA (UiTM) Cawangan Kedah 2021
• Subjects: Small and medium-sized business. History; Planning. Business planning. Strategic planning; Crisis management. Emergency management. Inflation
• Online Access: https://ir.uitm.edu.my/id/eprint/49862/1/49862.pdf; https://ir.uitm.edu.my/id/eprint/49862/; https://kedah.uitm.edu.my/publication

Entrepreneurship has become a common issue to be discussed by many people today. Curran and Stanworth (1989) perceived entrepreneurship as a process of creating something new in the market while Low and MacMillan (1988) defined it as the set up a new business. To start a new business is not an easy task. As an entrepreneur, they need to face a lot of challenges. To be successful in the business, the entrepreneur needs to possess characteristic of risk- taking ability, need for achievement, locus of control, desire for autonomy, deviancy, creativity and opportunism (Kirby, 2004).