Spirit of Entrepreneurship in Bangladesh: Prospects and Challenges

Mark Twain once said, “Whenever you find yourself on the side of the majority, it is time to pause and reflect.” Perhaps, this is the very sentiment that separates an entrepreneur from the ordinary. The average mind scarcely puts thought into how ordinary activities can be improved or made better; people with the entrepreneurial spirit

Business Plans – Essentials or Redundancy

What is the single most important document you need regardless of whether or not your business is a start-up or is preexisting? The answer is a business plan. In simple words, a business plan is a written document that describes your business – objectives, value proposition, operations plan, sales, marketing assumptions and financial forecasts. Developing

Bangladesh Pharmaceuticals Industry: An Emerging Generic Drug Hub in Asia

“Bangladesh’s pharmaceuticals sector will grow 15 % year-on-year to reach $5.11 Bn by 2023, propelled by high investments by local companies as they seek to grab a bigger share of the global market, said a new study yesterday.”- The Daily Star. As demographics shift, the industry also undergoes transformation to keep pace with the changing

Bangladesh Cement Industry: Paving the Road to Glory

As businesses and living standards accelerate in Bangladesh with growing improvement in infrastructure- the cement industry has been booming along with it. Currently, more than 32 cement manufacturing companies, four of them multinationals, produce around 30 Mn tons of cement per annum. Large government infrastructure projects and increased urbanization are boosting the local cement industries,

Jute- A Lost Cause or a Ray of Hope?

Jute, the golden fiber of Bangladesh, has a golden history. It used to be the first product which introduced ‘Bengal’ in the international market with its quality. It had brought about the 2nd industrialization after Moslin in Present Bangladesh. It was the single largest industry in East Bengal under British rule. Jute was supplied as raw

Bangladesh Leather Industry: Can it survive the fall?

The leather and its related downstream industries can claim to be the world’s largest industrial sector based upon a by-product. The Government of Bangladesh has identified the leather sector as one with considerable growth and investment potential ranked 2nd in the export earning sector after RMG. Leather is the basis of one of the oldest industries

Ride Sharing: Travelling is Now More Convenient, Faster and Safer!

Ride Sharing is a comparatively new and disruptive industry that is fueled by people’s need to beat the congestion and travel faster. It didn’t even exist a decade ago, is now valued at $61.3 Bn and expected to grow to $218 Bn by 2025. Over the past few years, the ride-sharing industry has taken the

Food is Just One Click Away!

Gone are the days when you had to drive downtown to get your favorite meal, now getting your food is just one click away. Food Delivery industry has undergone a dynamic change. Food was delivered even in the past but with the technological advancement, food can be ordered online and delivered at customers’ doorstep. Increase

Internet of Things: Progress through Connectivity

Did you ever wish that for your refrigerator to automatically re-order groceries when you run out of them? How would it be if your car could send a text to the other party notifying them that you will be late for the meeting as you’re sitting in heavy traffic? Or what if the fire sprinkler

E-Commerce: Changing the way we shop

“I can’t overstate how mobile is changing how we interact with our consumers.” -Joel Anderson, CEO of Wal-Mart. Joel’s statement becomes more evident as only 9.6% of Gen Z reports buying items in a physical store –– considerably less than their older generations (Millennial at 31.04%, Gen X at 27.5%, and Baby Boomers at 31.9%