Nothing that is big today was created in one day; all started from zero and have grown to a big shame. If you are planning to start a business in Bangladesh, here are a few pointers on how to start from scratch and build on it:
1. Take the entrepreneur approach. Weigh on simple options and decide for yourself. Decide what you want to do. Believe in yourself that you can do it.
2. Build up your business strategy. A good strategy will give you a head start. Do not hesitate to use your imagination. Analyze probable options.
3. Background check in the field is necessary and experiences help! There are many cases where people give up or lost enthusiasm due to lack of fund. Persistence is needed.
4. Build your business according to a good plan. Starting the business is a tiny thing but it is a scary step. One courageous leap can separate you from thousands of dreamers. So have a good plan.
5. Keep running your business. Starting a business is simply the beginning; the actual pressure builds up while running it, that to in a country like Bangladesh. This is where all the other factors come in, such as consumers and its kinds, competition, management and etc.
6. Earn knowledge from errors. Initially any person is bound to make mistakes; mostly people start thinking about why they ever built the business, where the key to overcoming the problem is persistence. Learn from your mistakes and seek solutions from other’s experience.
7. Be strong willed. Building up a business in Bangladesh can sometimes be very hard. However simply strong will and determination can be the solution to your problems.
8. When you already have a business that has a constant flow of cash and doesn’t require your presence all the time, you know for sure your business is successful. This is the time when you either decide to sell, leave or keep your business going. Choose wisely.
9. Now here is an interesting suggestion - crosscheck your triumphs and failures during the whole business lifetime, and come to a conclusion of whether all of it was worth it or not.
10. Disappear or duplicate your achievement. Whichever you do, it is your decision.
These steps are only guidelines; it might take you only a few or even several years to achieve success. But what kind of result you get depends on your decisions and approach.
Resources and further readings:
How Bangladeshi companies and businessmen are helping the society - Business scenario of Bangladesh.
Nine characteristics of an ideal small business - Business scenario of Bangladesh.
How to collect money from slow paying customers - Bangladesh's Corporate World.
1. Take the entrepreneur approach. Weigh on simple options and decide for yourself. Decide what you want to do. Believe in yourself that you can do it.
2. Build up your business strategy. A good strategy will give you a head start. Do not hesitate to use your imagination. Analyze probable options.
3. Background check in the field is necessary and experiences help! There are many cases where people give up or lost enthusiasm due to lack of fund. Persistence is needed.
4. Build your business according to a good plan. Starting the business is a tiny thing but it is a scary step. One courageous leap can separate you from thousands of dreamers. So have a good plan.
5. Keep running your business. Starting a business is simply the beginning; the actual pressure builds up while running it, that to in a country like Bangladesh. This is where all the other factors come in, such as consumers and its kinds, competition, management and etc.
6. Earn knowledge from errors. Initially any person is bound to make mistakes; mostly people start thinking about why they ever built the business, where the key to overcoming the problem is persistence. Learn from your mistakes and seek solutions from other’s experience.
7. Be strong willed. Building up a business in Bangladesh can sometimes be very hard. However simply strong will and determination can be the solution to your problems.
8. When you already have a business that has a constant flow of cash and doesn’t require your presence all the time, you know for sure your business is successful. This is the time when you either decide to sell, leave or keep your business going. Choose wisely.
9. Now here is an interesting suggestion - crosscheck your triumphs and failures during the whole business lifetime, and come to a conclusion of whether all of it was worth it or not.
10. Disappear or duplicate your achievement. Whichever you do, it is your decision.
These steps are only guidelines; it might take you only a few or even several years to achieve success. But what kind of result you get depends on your decisions and approach.
Resources and further readings:
How Bangladeshi companies and businessmen are helping the society - Business scenario of Bangladesh.
Nine characteristics of an ideal small business - Business scenario of Bangladesh.
How to collect money from slow paying customers - Bangladesh's Corporate World.