A successful businessman is the ones that dared to take the huge risk of turning their imagination into reality. Unfortunately, in our country the abundance of these risk takers cannot be claimed. Further young entrepreneurs are even more atypical. But veraciously, in a nation where around sixty seven percent of the residents are aged below thirty five and as much as fifty percent of them are under fifteen the necessity of innovation and young entrepreneurship is an emergency requirement. In spite of having a throbbing demographic potential, Bangladesh is lagging behind in the world race of economic flourishment. With the retirement of baby boomers drawing near, a massive void is on its way in the business sector. So, the entrepreneurs need to come forward and the save the day.
Why Bangladesh is suitable for start-ups:
With the cheapest man power and the abundance of human resource, Bangladesh is the favorite destination of many foreign entrepreneurs. If it is good for them, then it is even better for the locals. There was a time when there was a lack of skills and communication among the local and international market. However, in this progressing digitalization of Bangladesh, it is no longer a problem. So, for all this reasons, Bangladesh is most suitable to set up enterprises now.
Common fears regarding entrepreneurship:
Although everyone knows the necessity of enterprises, very few can muster up courage to start a business of their own. To be explicit, there are various economic reasons like the huge monetary risks, chance of loss and the hit of recession now and then. Arranging an investor seems like a task with ocean size level of difficulty. In addition, there are numerous legal and political knots along with corporate taxes and never ending paper work which makes setting up a business alone seem complicated .Last but not the least there is the society to pour oil in the fire.
‘What will others think? What if they laugh at my idea? ’ – such thoughts run across one’s mind more often that the thought of the business itself.
The perfect reply to this would be the example of the current most popular actor and famous entrepreneur of Bangladesh, M.A Ananta Jalil. Starting off as a mere production general manager in 1999, he invested and grew to be one of the most influential personalities in the current list of Bangladeshi’s. Initially, all laughed and rebuked at him. Moreover, he faced economic crisis and lots of other problems as well .But nothing could get in between him and success. Surprisingly, in a very short time, he set up a garments, a production house named Monsoon films along with taking up acting as career. Furthermore, he set up several orphanage and retirement home for seniors with his business income. He not only provided for himself but also provided employment to many workers and a great contribution to the Bangladesh economy. Had he given up his dream, then we would never have seen such a personality as this.
So, the distance between fear and success is very small. Taking the first step is sufficient to reach out for the destination.
Why Bangladesh is suitable for start-ups:
With the cheapest man power and the abundance of human resource, Bangladesh is the favorite destination of many foreign entrepreneurs. If it is good for them, then it is even better for the locals. There was a time when there was a lack of skills and communication among the local and international market. However, in this progressing digitalization of Bangladesh, it is no longer a problem. So, for all this reasons, Bangladesh is most suitable to set up enterprises now.
Common fears regarding entrepreneurship:
Although everyone knows the necessity of enterprises, very few can muster up courage to start a business of their own. To be explicit, there are various economic reasons like the huge monetary risks, chance of loss and the hit of recession now and then. Arranging an investor seems like a task with ocean size level of difficulty. In addition, there are numerous legal and political knots along with corporate taxes and never ending paper work which makes setting up a business alone seem complicated .Last but not the least there is the society to pour oil in the fire.
‘What will others think? What if they laugh at my idea? ’ – such thoughts run across one’s mind more often that the thought of the business itself.
The perfect reply to this would be the example of the current most popular actor and famous entrepreneur of Bangladesh, M.A Ananta Jalil. Starting off as a mere production general manager in 1999, he invested and grew to be one of the most influential personalities in the current list of Bangladeshi’s. Initially, all laughed and rebuked at him. Moreover, he faced economic crisis and lots of other problems as well .But nothing could get in between him and success. Surprisingly, in a very short time, he set up a garments, a production house named Monsoon films along with taking up acting as career. Furthermore, he set up several orphanage and retirement home for seniors with his business income. He not only provided for himself but also provided employment to many workers and a great contribution to the Bangladesh economy. Had he given up his dream, then we would never have seen such a personality as this.
So, the distance between fear and success is very small. Taking the first step is sufficient to reach out for the destination.