Entrepreneurial Difficulties in Bangladesh - 1181 Words

5/4/2013 5/4/2013 NAFIS IRTIZA, 1030711530 mGT 368, SECTION#2, NSU NAFIS IRTIZA, 1030711530 mGT 368, SECTION#2, NSU ASSIGNMENT ENTREPRENEURIAL DIFFICULTIES IN BANGLADESH ASSIGNMENT ENTREPRENEURIAL DIFFICULTIES IN BANGLADESH ABSTRACT Bangladesh is a developing nation with a lot of constraints and difficulties for entrepreneurs. One of the primary difficulties that entrepreneurs face is raising capital. Finding out what types of difficulties entrepreneurs face in raising capital, and how the government and private sector can help to eliminate them, is the subject of this report. This report is an attempt to critically evaluate and review the current problems of acquiring for entrepreneurs. The government itself has not shown†¦show more content†¦A venture firm could help facilitate that, it could act as an intermediary for both the entrepreneur and the investors. Another absence is that of private equity firms in Bangladesh. A private equity firm an investment manager that makes investments in the private equity of operating companies through a variety of loosely affiliated investment strategies including leveraged buyout, venture capital, and growth capital. This firm only invests in private firms by pooling resources in return for management fees and share in profits. Then we do not have any angel investors, which may be hoping for too much in this nation. Angel investors invest in a business in return for controlling ownership or convertible loan, they usually keep themselves anonymous to the entrepreneur. They are usually retired entrepreneurs or executives. Their purpose is never completely monetary, they like to keep themselves occupied in the current business scene, or guide new entrepreneurs or apply their experience in the new businesses. One may put it in the Self-Actualization part of Maslow’s Hierarchy theory. There are no government loan programs to support these entrepreneurial startups. If any organization could afford to take on high risk ventures then it is the government. But sadly the government takes no such initiative. The Solutions The first actor that needs to take actions is the government. It needs to make policies and provide opportunities. One policy it can make is that itShow MoreRelatedThe dream of owning and successfully running a business is restricted by significant barriers for1900 Words   |  8 Pagesattempt to move out of the poverty cycle is to have sufficient funds to invest in tomorrow. According to Tazul Islam the aforementioned difficulty is even larger when the individual does not have any land to produce goods on, especially within an agrarian society (such as Bangladesh). The author further indicates that the development programs that are run by the Bangladesh seldom reach the poorest individuals, most often being the citizens that have little or no land of their own. 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