how to become an ict entrepreneur
TRANSCRIPT
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How to become an ICT Entrepreneur
M Rashidul Hasan, Joint Secretary General, BASIS, [email protected]
• An entrepreneur is a person who seeks a profitable opportunity and takes the necessary risks to set up and operate a business.
• Differ from many small-business owners in their strong desire to make their business grow.
• Differ from managers through their overriding responsibility to use the resources of the organization to accomplish their goals.
• Willing to take risks.
What is Entrepreneurship?
• There are 800+ software companies in Bangladesh
• Export of software is US $56.57 million in fiscal year 2011-12
• The growth rate of software export is 54 % in fiscal year 2011-12
• No. of IT professionals working within the IT Industry : 20,000 +
• No. of IT professionals working outside IT Industry (including business enterprises, govt. telecom, NGOs etc.): 35,000 +
• Yearly no. of graduates from IT related subjects: 5,500+
ICT Entrepreneurship
as a Career
Entrepreneurial Characteristics
• Vision - entrepreneurs begin with an overall idea for how to make their business idea a success
• High Energy Level - a willingness to work hard
• Need to Achieve - entrepreneurs work hard because they want to excel
• Self-Confidence - fearlessness in the face of difficult odds
• Tolerance for Failure - entrepreneurs are not easily discouraged
• Creativity - entrepreneurs devise innovative ways to overcome difficult problems and situations
• Tolerance for Ambiguity - entrepreneurs take in stride uncertainties.
• Internal Locus of Control - entrepreneurs believe they can control their own fate
Successful ICT Entrepreneurs
HasinFounder,
Leevio
EmranCo-Founder, Right Brain
Solution
TanveerFounder, ITIW
OmiEx-Developer
Evangelist, Microsoft
JahidFounder, Dwetech
Civil Engineer, RUET
BBA, BRAC University
BBA, IBA Social Science, NU
HSC, FISC
What to do?
• Service or Project Oriented – work for others, outsourcing
• Product Oriented – develop and market your own product
• Software As A Service (SaaS) – develop a product and provide service
• ITES/BPO – IT Enable Services
How To Start?
• Need an Excellent Idea – youtube, pageflex, instagram, bdjobs
• Start from Experience – service, freelancing, piloting
• From Successful Career- achieve experience from successful career
What You need?
• Idea/Client – need a partner
• A team– need marketing and development team
• An Office – a full furnished office with required logistics
• Finance – need working capital
Abbreviations:OM=Operational Management PM=Project Management R&D=Research & DevelopmentBA=Business AdministrationQAT=Quality Assurance Team
Starting a new
venture• Need a Project Plan (Template)• Select a company name• Set up an office• Hire some software developers, programmers & administrative
staffs• Apply for a trade license to City Corporation• Apply for a Tax Identification Number (TIN) Certificate to NBR• If this a ‘Limited Company’ need to be incorporated to the
Register of Joint Stock Companies and Firms (www.roc.gov.bd) to get Memorandum & Articles of Associations
• Apply BASIS Membership (www.basis.org.bd)
Finding Financing
• Debt Financing– Credit Cards– Family and Friends– Bank Loans (SBA backed)
• Equity Financing– Venture Capitalists– Angel Investors
How to Manage?
• Project Management – MS Project, Net Office, Springloops, CreativePro Office, Jumpchart, Basecamp, JIRA, activeCollab, Zimbra, Google
• Client Management – easy CRM, Sugar CRM
• Accounts Management – need an accountant
• Market Plan – need updated market plan
• Financial Forecast– (Template)
• A nice webpage – with having SEO (http://www.accenture.com)
• Corporate Identity – business card, letter head, envelop, etc.
• The vision of ‘Digital Bangladesh’ of Govt. • Govt. Exempted corporate tax up to June 2013• Govt. is leasing land in Hi-Tech park, Software Technology
Park, Incubator in BDBL Building for ICT entrepreneur• The EEF (Equity Entrepreneurship Fund) by Bangladesh
Bank (http://www.bangladesh-bank.org/aboutus/dept/dept_details.php?dept_id=33)
• Almost 6000+ CSE graduates come from the institutes every year, which is a positive point for entrepreneur to hire human resources
Government Support for New
Ventures
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Thank You
M Rashidul Hasan, Managing Director, Systech Digital Limited, [email protected]