Youth Entrepreneurs Summit 2015

Young entrepreneurs urged to come with innovative ideas

“Global Youth Entrepreneurs Summit -2015” held last Friday hosted business leaders, experts and the Information Minister himself, to organize an event on encouraging young gnenration entrepreneurs to invest efforts in more novel and innovative businesses. Organized by the Dhrubotara Youth Development Foundation (DYDF) in collaboration with the Dhaka Chamber of Commerce and Industry (DCCI), the Information minister spoke directly to new young businessmen in an attempt to energize their entrepreneurial activities.

Global Entrepreneurship ranking

To start a new week, we look at how Bangladesh has been doing in the context of international entrepreneurship standards.

Bangladesh ranks 125th out of 132 countries in GEI 2016
Granted Bangladesh is slowly emerging as a middle income economy, where export diversification is less than dynamic, the Middle and Affluent Class is rising and RMG and leather are the main noteworthy export items driving our economy. Entrepreneurship is booming on the e-commerce front, which is a young sector by all means. Social business is attempting a breakthrough with important groundwork being held in its early stages/ Other than this, business processes are slowly being transformed with the help of online payment and mobile banking options, while registration and utility connections are still lagging far behind. Rental difficulties are related to finance, while financial flexibility is one of the struggling issues businesses face in any economy, including Bangladesh. Taking all this into consideration, let us focus on an international entrepreneurship index and witness how Bangladesh performed recently.

Student entrepreneurs

Student entrepreneurship is something that some have lived through, while others have seen it in one of their friends who were great company at the start of university, but later on rarely got to meet due to their friend's startup business. Student entrepreneurship is something Bangladesh has gained much popularity on, naturally since the mother-of-all-degrees in the country, the "BBA", supposedly trains young individuals for the business world. Starting a new business as opposed to being handed one from inheritance, is enormously different; and it is considerably gutsy to overcome the real life business risks and emotional shackles of being an entrepreneur, that too as a student. When already in the life of one, the battles a student faces are quite intriguing and thus acutely appropriate for our blog.

Home business marketing

As you may have noticed, we have developed a style of information presentation where strategies for success at entrepreneurship and ease of business will receive precedence over current business news, which however, will also be highlighted within the week.

Top 3 Things You Need to Know to Prosper in a Home Business 

Home Business, albeit for the most part through e-commerce, is on the rise in Bangladesh. This is one of the defining factors for the shift in the country’s reality towards a lower-middle income economy. Home business specifically in urban areas can add that extra income source, or even an entire income source, for many entrepreneurs in Bangladesh. Like many other businesses, this faces all the hurdles and challenges which has to be overcome. All home business owners want to succeed. Another general fact. But the realistic struggles might be the downfall of many of those enthusiastic owners. Thus here we present a few key pointers which would channel all that effort and the outstanding business initiative home businesses may have towards efficient success stories.

Female entrepreneurship in Bangladesh

Female labour force could drive economy further: WB

If Bangladesh could boost its female participation from the current to 34% to 82%, then it is possible to achieve 1.8% point annual GDP growth, the World Bank believes for Bangladesh. In it’s two yearly report on Women, Business and Law, it disseminates acknowledgement of women’s economic environment, in 173 countries, recently expanding from 5, to 8 countries in South Asia.

With seven indicators: accessing institutions, using property, getting a job, providing incentives to work, building credit, going to court and protecting women from violence, previously it found 90% of the economies consisted of at least one law unfavorable to women. It said that Bangladesh and a few neighbors have handicapped inheritance for