Welcome to our Presentation

Entrepreneurship is a process of identifying and starting a business venture, sourcing and organizing the required resources and taking both the risks and rewards associated with the venture.

Entrepreneurship is a key factor in the economic development process of a country. Its role is particularly important for industrialization of an economy. Study of economic development history of developed countries shows that present status of their development lies in the active role of the entrepreneurs.

Introduction :

The education system as well as entrepreneurship development training programs for the youths. In Bangladesh entrepreneurship course has been introduced in limited scale in the education system recently. Entrepreneurship training is organized by some organization sporadically.

The main objectives of the present paper are to review the present status of entrepreneurship education and training, identify the weaknesses of the education and training systems

Current Scenario

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Development

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Present Situation :

The entrepreneurs are facing a number of problems in day to day work.

Problems faced by entrepreneurs

Lack of proper management, accounting, congenial industrial

relations, updated knowledge about the global market etc.

Lack of confidence

Lack of knowledge

Absence of proper policy decision

Lack of proper training facilities of entrepreneurs

Curriculum Lickings

Educational & Training Problem:

Lack of legitimacy of entrepreneurship Lack of social mobility Insufficient security Religious problems Improper support from relatives, friends & teachers Financial problem Lack of adequate basic facilities Non availability of capital Greater risk involved in business Non availability of skilled labor Insufficient arrangement for pre-investment advice

Socio cultural problems

Government should take the necessary initiatives to develop this sector. Government should have a clear policy about the small scale enterprises in

Bangladesh. Loan and this short of facility should be making available. Control the inflow of importing such product which has the opportunities

to produce in Bangladesh. Make the political situation stable as much as possible. Make the economic situation stable. Provide both social and economic securities to the people. Improve the human resources. Making more entrepreneurs through proper training and loan facilities. Make the people interested to start their own or family business. Provide possible support to the small scale enterprises in

Bangladesh. Developing small scale enterprises in Bangladesh through a

proper long term planning

How to solve the problems

1. ALAUDDIN AHMED

2. MOHAMMAD OBAIDUL KARIM

3. S.A.K. EKRAMUZZAMAN

4. NASIR A. CHOUDHURY

5. MOHD. NOOR ALI

6. KAZI AKRAMUDDIN AHMED

7. MR. RAGIB ALI

8. MS. ROKIA AFZAL RAHMAN

9. MR. SAMSON H CHOWDHURY

10. MR. A. S. F. RAHMAN

List of top 10 entrepreneurs in Bangladesh:

Entrepreneurship emerging in rural areas is called rural entrepreneurship. Establishing industries in rural areas refers to rural entrepreneurship. Rural entrepreneurship is synonymous of rural industrialization

Rural Entrepreneurship

Low level of diversification of economical activities in rural areas.

Main activity: agriculture, but with low productivity. Infrastrucure: poorly developed with no investments. Unemployment: 26%. About 41% of GDP comes from rural areas; rural economy is

heavily reliant on agriculture. Life quality and possibilities for work in rural areas in

Bangladesh does not provide sustainable existence and prosperity for its residents.

Decreasing number of highly qualified human capacities in rural areas making it difficult to mobilize and develop local initiatives.

Lack of budgetary support for rural development. Problems with interest and involvement of local actors for rural

development.

Rural areas in Bangladesh

Particulars US$( In Billion) Percentage

Agriculture 27.16 23.50%

Men 10.58 39%

Women 16.58 61%

The reason behind this is that most of the people of the country are living in the

villages.

The rural sectors contribute about two-thirds of the GDP.

Encompass improved productivity.

Employment generation

Income generation

Rural development

Build up village republics

Curbs rural-urban migration

Development of rural industries serves as ineffective means to build up village

republics.

Rural industrialization fosters economic development in rural areas.

Need for Rural Entrepreneurship in Bangladesh

Financial constraints.

Lack of technical know-how.

Lack of training and extension services.

Management problems.

Lack of quality control.

High cost of production due to high input cost.

Lack of communication and market information.

Poor quality of raw materials. Lack of storage and warehouses.

Obsolete and primitive technology.

Lack of promotional strategy.

Problem of recruitment of employees.

Problem of promotion of employees.

Problems of Rural Entrepreneurship

Primary Education Program

A policy formulation for strengthening the raw material base in Ural areas

in the ‘country.

Training for Entrepreneurship Development

Imparting entrepreneurial education at the school, college and universities

Village Development

Technology in rural development

How to solve the problem

Entrepreneurship has become an important profession among

the women of Bangladesh today at various levels of the

society, both in the urban and the rural areas. The reason for

the interest varies according to the different classes of the

society.

Female Entrepreneurship in Bangladesh

Bangladesh is a densely populated country with limited resources

and higher social stratification. According to WED (2001) based on

gender, class and location economic, political and social recognition

are resolved. The urban areas have better prospects for business

growth expansion while rural areas lag behind.

Since few women participate in the mainstream of economic

activities the enormous potentiality of the population is unutilized

For instance, only 16% of women are self-employed out of 66%

self-employed citizen (based on entrepreneurship status).

Current Scenario Women Entrepreneurship In Bangladesh

Her being a woman Responsibility towards family, society and work Family problems Lack of business training Lack of education Non-awareness of facilities provided by government Questions by licensing authorities Marketing Poor self-image of women Faulty socialization Role conflict Cultural values Lack of courage and self-confidence

Basic Problems Faced Women Entrepreneurs

In order to make long-term changes in women's ability to participate freely in the economy, the socio-cultural constraints on women must be addressed.

Women need to be able to access mainstream banking and finance, and need support in this area.

Education and awareness Training facility Family occupation Adequate financial facilities Ensure women’s easy access to markets

How to solve the problems

BBS (2009). Bangladesh Bureau of Statistics, Statistical Division, Ministry of planning, Government of the People’s Republic of Bangladesh

BER (2011). Bangladesh Economic Review, Economic Division, Ministry of Finance, Government of the People’s Republic of Bangladesh, Dhaka (In Bengali).

Bulbul M, Rahman M (2010). MFI as promoter of profitable self-employment, The Financial Express, Dhaka.

Abdin MJ (2010). Bangladesh’s SMEs facing so many challenges, the independent, available at: http://theindependentbd.com/paper-edition/others/panorama/2385-bangladeshs-smes-facing-so-many-challenges.html(accessed on 16 October, 2011)

Afrin S, Islam N, Ahmed SU (2008). A Multivariate Model of Micro Credit and Rural W omen Entrepreneurship Development in Bangladesh, Int. J. Bus. Manag., 3 (8): 169-85.

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