How to become an ict entrepreneur

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had a wonderful time in Military Institute of Science and Technology (MIST) today. We were amazed the way MIST arranged the seminar. We really honored to be presenter/speaker to the huge audience from BASIS.

How to become an ict entrepreneur

  1. 1. >>>>>>>> How to become an ICT EntrepreneurM Rashidul Hasan, Joint Secretary General, BASIS, jsg@basis.org.bd
  2. 2. What is Entrepreneurship?• 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.
  3. 3. T Entrepre neurship IC as a Career• 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+
  4. 4. Entrep reneurial Chara cteristics• 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
  5. 5. Su ccessful ICT Entr epreneurs Hasin Emran Tanveer Omi Jahid Founder, Co-Founder, Founder, ITIW Ex-Developer Founder, Leevio Right Brain Evangelist, Dwetech Solution MicrosoftCivil Engineer, BBA, BRAC BBA, IBA Social Science, HSC, FISC RUET University NU
  6. 6. 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
  7. 7. 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
  8. 8. 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 & Development BA=Business Administration QAT=Quality Assurance Team
  9. 9. arting a new St v enture• 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)
  10. 10. Finding Fi na nc i ng • Debt Financing – Credit Cards – Family and Friends – Bank Loans (SBA backed) • Equity Financing – Venture Capitalists – Angel Investors
  11. 11. How t o 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.
  12. 12. Governme nt Support for New Ventures• 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
  13. 13. >>>>>>>> Thank YouM Rashidul Hasan, Managing Director, Systech Digital Limited, ceo@systechdigital.com

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