A Successful Entrepreneur

Topics: Entrepreneurship, Entrepreneur, Business and financial operations occupations Pages: 13 (1761 words) Published: March 7, 2015


A Successful Entrepreneur
Thalia Lyn

Name: Yvette Shim
Skill: Cake Baking
Institution: St. Patrick’s Foundation
Instructor: Mrs. Patterson
Date: February 9, 2015

Table of Contents
Introduction…………………………………………………………………1 Acknowledgement………………………………………………………….2 Education and background………………………………………………….3 The PEC’s of the Entrepreneur………………………………………………4 The challenges faced in the business……………………………………….5 How was the challenges dealth with………………………………………..6 What kind of support was given by the family, friends and customers…….7 What advise was given to a young Entrepreneur……………………………8 What did you learn from the research and how will it help in becoming an Entrepreneur………………………………………………………………..10 Bibliography………………………………………………………………...11

Acknowledgement
I would like to express my special thanks and gratitude to my teacher for giving me this wonderful project on the topic of a successful entrepreneur in which helped me in doing a lot of research and I came to know many new things. Secondly I would like to thank Miss Edwards for without her help this project would not have been finalized in the time frame for which I was given.

Introduction
For an entrepreneur to develop any type of business he/she will firstly have that to develop good sales skills, financial know-how and self-motivation. Given that a business without customers does not work, the entrepreneur must possess highly developed skills at the level of market trends analysis and effective implementation of marketing and sales strategies. This project introduces you to one such person Mrs. Thalia Lyn.

Education and Background
Thalia Lyn was born in 1947 in Jamaica into a large family. She has eleven brothers and sisters. Her father was a first generation Jamaican born to parents who migrated from China to Jamaica. They came to build a better life and find new opportunities. Her parents were business people who ensured she earned her B.Sc. (behind shop counter) degree very early in life. The bakery operated by her father began with partner money and funds from the sale of her mother's barley sugar. Thalia learnt valuable 'shop sense' from the days at Princess Street where she learnt to make change and offer good customer service. She attended Immaculate Conception High School. After leaving high school she went to Manhattanville College in Canada where she completed her Bachelor of Arts Degree. Thalia Lyn completed her degree in record time and returned to The Immaculate Conception High School to teach for one year. However, she could not resist the call of business. But the lure of business was strong, and having started with one venture, she set out to carve a path that has led to Jamaica's premier fast food chain. Mrs. Thalia Geraldine Lyn, B.A., founded and serves as the Chief Executive Officer of Island Grill chain of fast food restaurants which has earned her many awards including Business Leader of the Year from the Florida International University MSBA Class of 2002. Mrs. Lyn is a Director of Jamaica Macaroni Factory Limited, Patta Kake Bakers Limited, Consolidated Bakers Limited and Telegens Limited. She also serves as a Member of the NCB Foundation, the St. Patrick's Foundation . The PECs of the Entrepreneur

PECS of an entrepreneur refer to the desired traits which enable the entrepreneur to do what is expected of them to succeed in business. It is a combination of these characteristics that is required to enable anyone to perform effectively ad an entrepreneur. Thalia Lyn possesses these personal entrepreneurial characteristics. Successful entrepreneurs have common characteristics, which are divided into three clusters namely achievement, planning and power. 1. Achievement Cluster

Opportunity seeking
This refers to the quality that enables the entrepreneur to see and act upon new business opportunities even in situations where...


Bibliography: http://jamaica-gleaner.com/gleaner/20120615/business/business8.html
http://jamaica-gleaner.com/gleaner/20060626/business/business1.html
http://www.oceanstylemagazine.com/executivelounge/v08/
http://www.jamaicaobserver.com/business/stimulating-growth-and-creating-jobs-in-jamaica---lyn
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