1.

Employees' Provident Fund commonly known by the acronym EPF is a Malaysian

government agency under the Ministry of Finance. It manages the compulsory savings plan
and retirement planning for private sector workers in Malaysia. Membership of the EPF is
mandatory for Malaysian citizens employed in the private sector, and voluntary for non-
Malaysian citizens.
2. Occupational safety and health (OSH), also commonly referred to as occupational health
and safety (OHS) (OSH), also commonly referred to as occupational health and safety (OHS)
The goals of occupational safety and health programs include to foster a safe and healthy
work environment. OSH may also protect co-workers, family members, employers,
customers, and many others who might be affected by the workplace environment

Change - Entrepeneurs constantly want change and also want to be the bearers of the
change. They are problem solvers and want to disrupt the status quo. They have a vision ("I
want to aggregate the world's information" or "I want to put a PC in every desk") and go
about attempting to change - some succeed and others don't.

Challenge - Many people who like to startup want it for the challenge and want to handle big
problems. For such people, the typical job in a big corp is not challenging enough and too
boring to be worth

Creativity - Running your own business lets you be more creative. For instance, you can
experiment with a new website design, new marketing strategy, create innovative products
that attacks a known problem in a different way, create new packaging and new advertising
campaigns. You have an infinite room to bring in your creativity in a small business that you
found.

Control - Many guys who startup a business don't want to be pushed around and work in a
product/company in which they have no way to shape the destiny. They want to work at
their own time, own pace, location of their choice, employees of their choice and have an
active role in deciding the direction of the company.

Curiosity - Successful Entrepreneurs are always curious and ask - "what if we do X this way?".
They want to understand the customer's minds, markets and competitors. They are
constantly curious to see how their particular theory ("people want to do X with Y") works. In
this aspect, they are no different from a researcher who is searching for the truth.

Cash - The final part is the cash. Many non-entrepreneurs think cash comes first for
entrepreneurs. That is never really true. If that were the case, there is no reason for an Mark
Zuckerberg or Bill Gates to keep pursuing their business aggressively after they have made a
billion dollars (which could get them almost everything a person could want). However, cash
(and multi-million dollar exits) do play a part in motivation to run a business. Just that if it is
the primary motivation, it is quite likely that the business would either fail or have a
premature exit.
Knowledge

Interestingly, self-confidence is based on knowledge because larger knowledge you have

about the specific topic related to your action, the larger self-confidence you will have. On
the other side, if the knowledge for the specific problem that need to be solved with your
entrepreneurial activities is larger, the solution will be much more easier.

Motivation

If your motivation about action is larger, then there will be more probability that you will take
that action. Otherwise, when motivation is low, the probability that you will take those
actions will also be low.

Third-person opportunities

By developing skills and behaviour for opportunity recognition and taking an experiential
approach to entrepreneurial careers. Entrepreneur can improve their ability to recognise
opportunities, in fact improving their chances of selecting and developing a successful
opportunity for themselves

Entrepreneurship

The capacity and willingness to develop, organize and manage a business venture along with
any of its risks in order to make a profit. The most obvious example of entrepreneurship is the
starting of new businesses.

In economics, entrepreneurship combined with land, labor, natural resources and capital can
produce profit. Entrepreneurial spirit is characterized by innovation and risk-taking, and is an
essential part of a nation's ability to succeed in an ever changing and increasingly competitive
global marketplace.
Tenacity

Starting a business is an ultramarathon. You have to be able to live with uncertainty and push
through a crucible of obstacles for years on end. Entrepreneurs who can avoid saying uncle
have a better chance of finding their market and outlasting their inevitable mistakes

Passion

It's commonly assumed that successful entrepreneurs are driven by money. But most will tell
you they are fueled by a passion for their product or service, by the opportunity to solve a
problem and make life easier, better, cheaper.

Tolerance of ambiguity

This classic trait is the definition of risk-taking--the ability to withstand the fear of
uncertainty and potential failure.

Vision

the ability to spot an opportunity and imagine something where others haven't. Entrepreneurs
have a curiosity that identifies overlooked niches and puts them at the forefront of innovation
and emerging fields

Flexibility

Flexibility that allows you to respond to changing tastes and market conditions is essential.

Entrepreneurs should engage in bricolage by applying combinations of the resources at hand

to new problems and opportunities. For example where chef in restaurant taking a risk by
combining a short few material to make an excellent delicacy
Causal reasoning is the process of identifying causality: the relationship between a cause
and its effect

Effectuation is a way of thinking that serves entrepreneurs in the processes of opportunity

identification and new venture creation

An example

A chef cooking a meal, the client chooses a menu in advance and the chef prepares this menu
by looking for the right ingredients and following the recipes to make the dishes. In the
effectual process, the approach would be rather different. The client would not ask for a
specific menu, but he asks the chef to make something with the ingredients available. The
chef chooses one of the many different meals he is able to make with the available
ingredients.

The most important difference between causal reasoning and effectuation is therefore that an
entrepreneur using causation has a given goal and searches for means to reach his goal. If the
entrepreneur uses effectuation instead, he will start with the means he has and from this point
he looks at possible goals. By that, we can see she