Interviewee: Hafidz bin Hanaffi

Interviewer: Qistina binti Rabean

Date of Interview: 20 June 2021
List of Acronyms: H = Hafidz, Q = Qistina

Q : Assalamualaikum w.b.t, my name is Qistina binti Rabean, I’m currently on

second semester taking PhD in Business Administration at IIUM. The
purpose of this WhatsApp conversation is to interview Sir/Madam as my
respondent for my Qualitative subject requirement project. This interview
conversation will be screenshot and record as appendix. The topic is on the
entrepreneur intention of Islamic courses student. Thank you.

Q : Can you please introduce yourself and your education background?

H : Assalamualaikum, my name is Muhammad Hafidz bin Hanaffi. I’m

graduate from International Islamic university Malaysian in bachelor of
Syariah and before this I take diploma at International Islamic college in
Islamic contemporary studies.

Q : What does you understand in creating a new company or becoming an

entrepreneur?

H : What I understand is creating company to run a successful business, as

entrepreneur I’ve refine my idea, thinking about starting a business. Other
than that, I must write a business plan, assess your finances, determine
your legal business structure, build your team, and brand yourself and
advertise. Once I’ve developed mine business idea and I’m ready to start
on a business plan, I’ll need to get creative with funding. I can raise money
through investments by pitching mine idea to financial backers. I could
also gather funding through crowdsourcing platforms like Kickstarter or
set aside a certain amount of money from mine weekly earnings to put
toward a new business. Finally, I can seek out loan options from banks and
other financial institutions to get your company up and running.

Q : Are you agree that technological advancement nowadays can motivating

youth to be an entrepreneur? Why have you said so?

H : I strongly agree with that technological advancement nowadays can

motivating youth to be an entrepreneur. The improvements in technology
have made it even easier and more affordable to set up a business, with
some not even requiring a substantial seed fund. For instance, start-ups can
promote through social media, which is free. Technology has made it
possible for one person to do several tasks at once while the business
grows and, once it does, your enterprise need know no geographical
boundaries. Advancement into technology mean you can use packaging to
give your products a professional look and quickly build a brand that can
blossom into a big business. The print production business, for instance, is
a great way for entrepreneurs to put their foot in the right door when it
comes to a career path that can yield great success. The introduction and
 improvements in the technology of large format printer solutions are
making big waves on this front and provide an excellent niche market for
young, driven digitally oriented stars. Thanks to the advances in
technology that make it easier for me to do almost anything these days,
more and more young people are getting into big business.

Q : Is there anyone who in your circle pursue career as an entrepreneur or is

there anyone influence & support you if you be an entrepreneur?

H : Of course, 100% they always support me especially my friend, he is my

mentor and he always give are great advance to me to become great
entrepreneur. When I have problem or issue in my business, he always
guides me to solve it.

Q : If you were to create your own business, would you be able to complete
your business idea and strategy of your company and write your business
plan such as do a market research, also financial analysis. Thus, do you
know how to negotiate and maintain supportive relationships with potential
investors and banks. Finally, do you know how to relate key people to
obtain the capital needed for your business and recognize market
opportunities for the development of new products and/or services?

H : Honestly, I be able to complete my business idea and strategy of my

company and write my business plan such as do a market research, also
financial analysis. Conducting thorough market research on my field and
demographics of potential clientele is an important part of crafting a
business plan. This involves conducting surveys, holding focus groups, and
researching public data. Other than that, a business plan helps me figure
out where your company is going, how it will overcome any potential
difficulties and what you need to sustain it. I know how to negotiate and
maintain supportive relationships with potential investors and banks. We
all go through some sort of negotiation each day. We promote products,
services, thoughts: supervisors use negotiating strategies and skills to
motivate employees, set budgets and timelines, employees negotiate for
promotions and raises, parents negotiate with their children to clean up and
spouses negotiate each time they decide how to manage their time or
finances. The negotiating process is continual, not an individual event,
think positive, Prepare, think about the best & worst outcome before the
negotiations begin, be articulate & build value and give & take.

Q : Do you think that in the future you will create your own company? Why
you think so? With what probability do you consider creating your own
business from present to five years in time?

H : Yes. I believe that in the future I will create my own company because
Owning my own business means being my own boss, deciding when I
work, how I work, and what I work on. Insya allah, I’ll opening my own
travel company because travel is my hobby. Other than that, I believe when
you work with happiness. Happiness that we derive from ‘doing’
 something. It is an emotion, a sense of well-being that comes when we feel
good about the work we do when we feel involved in the ‘professional
commitment. Being happy is the first step to anything that we want to do
successfully.

Q : If you had the opportunity to choose freely the career, what would you
prefer to be an entrepreneur? Or you prefer to work for someone else /
other company?

H : For those who are driven, who want to take on a challenge, want more
control of their time and money, and thrive in the excitement of building
their own future, taking the entrepreneurial path may be the best choice.
Because I like challenging, but I must be prepared: as an entrepreneur I
will be responsible for all the financial costs of the organization, for
marketing and promoting yourself, and for gaining your clientele.
Entrepreneurs’ days don’t go from 9am till 5pm, and they are always
working on ways to improve their organization. In addition, the
entrepreneur can also be held legally liable for the organization, which is a
personal risk, as well as a business risk. However, I must not let these risks
make me apprehensive towards taking the entrepreneurial path. There are
many organizations and programs in place to help the entrepreneur start
their journey, including different government agencies and NGOs, and one
more important is Studying can helps me be more knowledgeable and
more confident in my field, while having the practical skills and
certifications in your industry will help me gain credibility and stand out
among other self-starters.

Q : Let say, considering your actual situation and the limitations toward your
options (e.g., lack of money) indicate which career is more probable to be
chosen or do you still choose to be entrepreneur?

H : Of course, I’ll still choose to be entrepreneur because I know do business

so many risk will came especially when u lack of money. If the company is
burning through cash because of increases in investing activities, it might
mean the company is investing in its future. However, if on the cash flow
statement, the company is putting its cash to operating activities and still
not earning a profit, it might be a concern. Also, watch for large increases
in cash because the company might have sold an asset, thus inflating their
cash position to cover losses. Companies should also have retained
earnings, which is the money left over after earning a profit for a period.
Effectively, RE is the savings account for corporations that accumulate
profits over time to be used to reinvest back into the company, issue
dividends, or buy back stock. If RE is not increasing or nonexistent, in the
absence of dividends and buybacks, the company is either not profitable or
barely getting by.

Q : Noted, I guess that the last question for the interview. However, I like to
thank you for participation as my respondent. I hope that you will doing
great with your future.
H : Most welcome. Insya Allah may Allah ease everything.