e) Tolerance for Failure

According to the Merriam-Webster's Learner's Dictionary, tolerance is the willingness to accept feelings, habits, or beliefs that are different from your own and failure is defined as the omission of occurrence or performance; specifically, like  a failing to perform a duty or expected action. An effective entrepreneur is a people who quite realistic when they face the trouble. They don’t give up or depress when they fail. As one of the successful entrepreneur, Tan Sri Mokhzani, will not be able to escape the risk of failure in business. For an entrepreneur who is motivated and open-minded, he would consider the failure encountered in business is a challenge to continue to thrive and succeed in the business which has been pursued.

Tan Sri Mokhzani Mahathir

            Tan Sri Mokhzani Mahathir is the son of former Prime Minister Tun Mahathir Mohamad fourth. He was born in January 1961 and is currently 54 years old who have gas and oil business. The wealth he now reached US $ 1.2 billion in 2014 and now in 2016 it should exceed the total value of such property earlier. He is married and has five children.

            Tan Sri Mokhzani himself once through difficult times when he runs his business. He received his failure as a positive thing in which he considers his failure to learn from mistakes and to renew ideas in developing his business. Tan Sri Mokhzani as CEO Kencana Petroleum Berhad, had experienced ups and downs in the corporate world before joining Kencana Petroleum in 2001. He failed to regain control of 12.6 percent of shares in Tongkah Holdings and 32.9 percent in Pantai Holdings during the financial crisis in 1997. However, it never took away him in the stream local corporate world. In the event that the financial crisis deepened, he decided to quit his job as assistant treasurer of UMNO Youth Malaysia reason to concentrate its business affected by the financial crisis.

            But after the crisis, he was fortunate to have discovered by Chong Hin Loon, founder of Kencana Petroleum and was now an adviser and Deputy Chairman of the Executive Kencana Petroleum that was trying to find partners. Chong Hin Loon meeting with Tan Sri Mokhzani the already versed in the affairs of petroleum products engineering really bring good luck to Kencana Petroleum. Since Tan Sri Mokhzani joins the company,it is growing and meets the aspirations of its founding. Tolerance for failure is one trait that makes him success today.