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Mahmudul Hasan
ID: 1201010181
Zakiatunnessa Uma
ID: 1201010007
Rabeya Rahman
ID: 1201010091
Md. Alimuzzaman
ID: 1201010249
Mahmudul Karim Newaz
ID: 1201010205
Masum Hussain
ID: 1201010202
Torch Bearer’s
Submitted To,
Senior Lecturer
Department of
Business Administration
LEADING UNIVERSITY
Entrepreneurship: The capacity to develop, organize, & manage a
venture along with any of its risks in order to make a profit.
Entrepreneur: is any person that continuously seeks and acts
upon opportunities for economic and or social gains through
applying the principle of creative problem solving
1. Economy of Bangladesh.
2. Population pressure.
3. Government’s weakness.
4. Employment Creation.
5. Regional & religious
6. Economic War.
7. Population pressure.
1.Geographical location.
2.Industrial background.
3.Governments Negligence.
4.Foreign dependency.
5. Risk Averse.
6. Educational laggardness.
7. Lack of cultural dynamism.
8.Post 2000’s economic boom.
 Risk Taking
 Mindset
 Opportunity Seeking
 Innovation
 Manage your time
 Network
 Find a mentor
 Think big
 Do your research
 Value existing and potential customers
 Improve your knowledge of the industry
 Be creative
 Expand business through reinvesting profits and diversifying
 Study likely changes in business environment
World Bank, ILO, WTO recognizes the need of entrepreneurship
stimulation. According to them:
 create employment for the youth;
 hire fellow youths;
 responsive to new economic opportunities and trends;
 active in high growth sectors;
 entrepreneurial skills are better employees;
 innovative and forms of independent work;
 higher “life satisfaction”.
 integrate into society.
There may be a variety of barriers to enterprise, depending on
the industry sector, region and type of enterprise.
o Cultural and social barriers: Cultural and social barriers,
such us the ‘fear of failure’ and a lack of entrepreneurial
knowledge and skills
o Economic and financial barriers: Financial end
economic barriers, such us, insufficient access to risk capital,
both seed /early stage and longer term financing
 Corrupt and unsupportive business environment
 Employee related difficulties
 Severe market entry regulations
 Shortage of funds and resources
 Lack of Entrepreneurship Opportunities
 Lack of Entrepreneurial Capacity
 Lack of Entrepreneurship Training
 Lack of Technical and Practical Skills
 Lack of Market Experience
 Fear of Failure
 Aversion to Risk
We
should be
satisfied
what we
have
We
shouldn’t
regret for
our
deficiency
There are some indicators of consumer repurchase intentions
and loyalty. It’s a point of differentiation It reduces customer
churn which increases customer lifetime value and reduces
negative word of mouth. It’s cheaper to retain customers
than acquire new ones:
 Outcomes or outputs
 Co-create with your clients’ legal and regulatory teams
 Partner with specialists outside of your industry
customer
 1. It pays to keep an open mind!
 2. Challenge yourself
 3. Find a new door
 4. Stop speaking and start listening
 5. Break free from routines
 6. A great to-do app is what you need
 7. Never rule out a new location
 8. Start reading outside your scope
 National Centre for Youth Development
 Office of Social Entrepreneurship
 Ministry of Labour and Social Security
 Young Entrepreneurs Association
 Small Business Association
In identifying some of the most common barriers facing young
entrepreneurs, the Report uncovered ways to help ensure
their success. Many young entrepreneurs face challenges that
prevent them from succeeding in their endeavors.
 Increase access to capital
 Encourage mentorship
 Foster critical business skills
 Influencing Youth Entrepreneurship
 The desire for independence
 Family influences
 Believing in yourself and your business
 Societal perceptions of entrepreneurship
 All countries need to review, rethink and reorient the legal
and institutional framework to make it easier to start and run
a business.
 Governments and international organizations should work to
develop policies to integrate the informal sector into the
mainstream economy, raise its productivity and improve
conditions of work.
 Governments, (national and local levels) need to encourage a
broad and dynamic concept of entrepreneurship to stimulate
both personal initiative and initiatives in a broad variety of
organizations
 Specifically the High-level panel provided a detailed
recommendation on promoting innovation and
entrepreneurship for young women and young men.
 Behind every good programme, there is a social
entrepreneur who has a vision and makes thing happen
 Successful programmes have very good internal
management
 Programmes must help young people take advantage of
market opportunities, based on their (potential) capabilities
and assets as well as their aspirations.
 These programmes clearly help the young participants
overcome the many obstacles they face in starting a business.
 Unfortunately, these programmes do not reach sufficiently
large numbers of young people.
 We should not necessarily think in terms of another project
or programme but start thinking more strategically.
 Our strategy should foster partnership between and build on
the existing efforts of governments, employers’
organizations, trade unions, youth organizations and other
civil society groups to learn from each other and to pool
efforts and resources.
Two key needs:
1) Increase co-operation between government
administrations – especially those responsible for
education and enterprise - and with stakeholders on
entrepreneurship education;
2) Develop more systematic strategies for
entrepreneurship education.
• High importance of involving teachers
 Shift from 'how to run a business' to how to develop a general
set of competences applicable in all walks of life
• Key elements for supporting the role of teachers:
 Develop research on how teachers approach E.E.
 Offer initial and continuous teacher training
 Create and disseminate teaching contents, tools, methods
and materials
 Make space in the curriculum for testing new methods
 Establish support networks
• Make entrepreneurship an integral part of the
Curriculum:
Key role for ministries of education
Changes in teaching methods: experiential learning, teacher as
a facilitator, coach, moderator
Changes in education context: take students out of the
classroom (into local community and real businesses)
Combine a mandatory cross-curricular approach with a
selectable training as a specific subject.
 Common characteristic is to forget
 Practical knowledge is more lasting than bookish knowledge
 Varsity courses will be like medical teaching
 Groups of industries
 Department wise students
 Work & learn under teachers consultation
 Completion of course
 Start own business
 Job provider not job seeker
 Contribute to economy
 Entrepreneurship is fascinating in nature but measuring its
scope & measuring the potential entrepreneurs in business is
complicated.
 Competitive
 young talent
 boost country’s economic strength
 Dreams of our freedom fighters
 Handover a prosperous Bangladesh to next generation
Thanks for
Patient Hearing
Understanding barriers to youth entrepreneurship as a career choice for youth in the Sylhet region

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Understanding barriers to youth entrepreneurship as a career choice for youth in the Sylhet region

  • 1. 1
  • 2. Mahmudul Hasan ID: 1201010181 Zakiatunnessa Uma ID: 1201010007 Rabeya Rahman ID: 1201010091 Md. Alimuzzaman ID: 1201010249 Mahmudul Karim Newaz ID: 1201010205 Masum Hussain ID: 1201010202 Torch Bearer’s
  • 3. Submitted To, Senior Lecturer Department of Business Administration LEADING UNIVERSITY
  • 4. Entrepreneurship: The capacity to develop, organize, & manage a venture along with any of its risks in order to make a profit. Entrepreneur: is any person that continuously seeks and acts upon opportunities for economic and or social gains through applying the principle of creative problem solving
  • 5. 1. Economy of Bangladesh. 2. Population pressure. 3. Government’s weakness. 4. Employment Creation. 5. Regional & religious 6. Economic War. 7. Population pressure.
  • 6. 1.Geographical location. 2.Industrial background. 3.Governments Negligence. 4.Foreign dependency. 5. Risk Averse. 6. Educational laggardness. 7. Lack of cultural dynamism. 8.Post 2000’s economic boom.
  • 7.  Risk Taking  Mindset  Opportunity Seeking  Innovation  Manage your time  Network  Find a mentor  Think big  Do your research  Value existing and potential customers  Improve your knowledge of the industry  Be creative  Expand business through reinvesting profits and diversifying  Study likely changes in business environment
  • 8. World Bank, ILO, WTO recognizes the need of entrepreneurship stimulation. According to them:  create employment for the youth;  hire fellow youths;  responsive to new economic opportunities and trends;  active in high growth sectors;  entrepreneurial skills are better employees;  innovative and forms of independent work;  higher “life satisfaction”.  integrate into society.
  • 9. There may be a variety of barriers to enterprise, depending on the industry sector, region and type of enterprise. o Cultural and social barriers: Cultural and social barriers, such us the ‘fear of failure’ and a lack of entrepreneurial knowledge and skills o Economic and financial barriers: Financial end economic barriers, such us, insufficient access to risk capital, both seed /early stage and longer term financing
  • 10.  Corrupt and unsupportive business environment  Employee related difficulties  Severe market entry regulations  Shortage of funds and resources  Lack of Entrepreneurship Opportunities  Lack of Entrepreneurial Capacity  Lack of Entrepreneurship Training  Lack of Technical and Practical Skills  Lack of Market Experience  Fear of Failure  Aversion to Risk
  • 12. There are some indicators of consumer repurchase intentions and loyalty. It’s a point of differentiation It reduces customer churn which increases customer lifetime value and reduces negative word of mouth. It’s cheaper to retain customers than acquire new ones:  Outcomes or outputs  Co-create with your clients’ legal and regulatory teams  Partner with specialists outside of your industry customer
  • 13.  1. It pays to keep an open mind!  2. Challenge yourself  3. Find a new door  4. Stop speaking and start listening  5. Break free from routines  6. A great to-do app is what you need  7. Never rule out a new location  8. Start reading outside your scope
  • 14.  National Centre for Youth Development  Office of Social Entrepreneurship  Ministry of Labour and Social Security  Young Entrepreneurs Association  Small Business Association
  • 15. In identifying some of the most common barriers facing young entrepreneurs, the Report uncovered ways to help ensure their success. Many young entrepreneurs face challenges that prevent them from succeeding in their endeavors.  Increase access to capital  Encourage mentorship  Foster critical business skills  Influencing Youth Entrepreneurship  The desire for independence  Family influences  Believing in yourself and your business  Societal perceptions of entrepreneurship
  • 16.  All countries need to review, rethink and reorient the legal and institutional framework to make it easier to start and run a business.  Governments and international organizations should work to develop policies to integrate the informal sector into the mainstream economy, raise its productivity and improve conditions of work.  Governments, (national and local levels) need to encourage a broad and dynamic concept of entrepreneurship to stimulate both personal initiative and initiatives in a broad variety of organizations  Specifically the High-level panel provided a detailed recommendation on promoting innovation and entrepreneurship for young women and young men.
  • 17.  Behind every good programme, there is a social entrepreneur who has a vision and makes thing happen  Successful programmes have very good internal management  Programmes must help young people take advantage of market opportunities, based on their (potential) capabilities and assets as well as their aspirations.
  • 18.  These programmes clearly help the young participants overcome the many obstacles they face in starting a business.  Unfortunately, these programmes do not reach sufficiently large numbers of young people.  We should not necessarily think in terms of another project or programme but start thinking more strategically.  Our strategy should foster partnership between and build on the existing efforts of governments, employers’ organizations, trade unions, youth organizations and other civil society groups to learn from each other and to pool efforts and resources.
  • 19. Two key needs: 1) Increase co-operation between government administrations – especially those responsible for education and enterprise - and with stakeholders on entrepreneurship education; 2) Develop more systematic strategies for entrepreneurship education.
  • 20. • High importance of involving teachers  Shift from 'how to run a business' to how to develop a general set of competences applicable in all walks of life • Key elements for supporting the role of teachers:  Develop research on how teachers approach E.E.  Offer initial and continuous teacher training  Create and disseminate teaching contents, tools, methods and materials  Make space in the curriculum for testing new methods  Establish support networks
  • 21. • Make entrepreneurship an integral part of the Curriculum: Key role for ministries of education Changes in teaching methods: experiential learning, teacher as a facilitator, coach, moderator Changes in education context: take students out of the classroom (into local community and real businesses) Combine a mandatory cross-curricular approach with a selectable training as a specific subject.
  • 22.  Common characteristic is to forget  Practical knowledge is more lasting than bookish knowledge  Varsity courses will be like medical teaching  Groups of industries  Department wise students  Work & learn under teachers consultation  Completion of course  Start own business  Job provider not job seeker  Contribute to economy
  • 23.  Entrepreneurship is fascinating in nature but measuring its scope & measuring the potential entrepreneurs in business is complicated.  Competitive  young talent  boost country’s economic strength  Dreams of our freedom fighters  Handover a prosperous Bangladesh to next generation