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Going into BusinessFrancis has been a driver for a manufacturing company for five years. Before working for this company, Francis worked as a lorry driver

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Going into BusinessFrancis has been a driver for a manufacturing company for five years. Before working for this company, Francis worked as a lorry driver for one of the local construction firms in Kuala Lumpur. He was getting tired of doing such work. He prefers to work with people and thought of going into marketing. He contacted one of the staff from the Human Resource Department and discussed his interest of getting into marketing. He was then advised that the company has an education programme which pays for the tuition fees of employees who enroll in college or university courses. He decided to try out for this opportunity.Francis appliect for a part-time marketing degree programme at one of the local universities and was accepted. He was also found to be a person of above average intelligence with a strong personality and drive during the interview; thus was shortlisted for an education programme fund. He was successful in the selection and received the funding. He went on to complete his degree programme and graduated in four years with a degree in Business Administration. After completing the degree programme, Francis approached his employer about the possibility of being transferred to the Marketing Department. He was told to wait for about three to four years for an opening, which made him very disappointed. Due to this frustration, his aunt suggested to him to venture into a business of his own. He decided to start a laundry business in his neighborhood which he found was very much needed. Therefore, he made further enquiries about setting up this business with several government agencies and friends. Based on his enquiries, he was able to forecast that he could make about RM100, 000 a year. This motivated him to venture into the business, and he decided to use his savings as an initial start-up capital for his business. i. Do you thin Francis make the right decision of starting his own business? Discuss * 10 points Your answer ii. Explain FOUR (4) sources of funding that Francis could seek for starting 12 points his own business. Your answer iii. What are the FOUR (4) attributes of a successful entrepreneur, and whether Francis possess these qualities? Discuss. * 8 points Your

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