ENTREPRENEURS are the vanguards of progress as they are the ones who innovate, create jobs and launch start-up businesses that realise incredible ideas, increase a country's economic growth, and enlarge the welfare of people. Since the inception of a free market system, entrepreneurs transformed the economies of certain countries like the United States, Japan, China and South Korea into reliable sources of science, technology, advanced manufacturing and energy innovations - from the trendy smartphones in our pockets, to sophisticated satellites in the outer space, to shiny solar panels on the roof.
Moreover, entrepreneurship continues to play a vital role in the growth of Asian economies and the idea of entrepreneurship should continue to thrive in Bangladesh - from the petty tea-sellers to the social entrepreneurs restructuring Bangladesh's microfinance and mobile payment industries. As the country's remarkable economic growth keeps on advancing the livelihood of millions of Bangladeshis, young entrepreneurs are crucial realizing their tremendous potential.
A sustainable economic growth requires some steps - increasing access to start-up capital, protection of intellectual property rights, refinement of an accommodating business eco-system, riddance from corruption, and educational reforms offering more relevant skills to the people for an adjustment to the labour market. Wide-ranging economic policies assisting youth and women also amplify the country's collective opulence. The government should seek out new opportunities to strengthen youths so that they find innovative solutions to the existing problems. Besides, it can make incentives to allow the creative and earning power of the half of Bangladesh's population - that is comprised of women.
This year, the United Nations will observe Women's Entrepreneurship Day on 19 November. People, regardless of their abilities, must join the efforts to identify and eliminate typical obstacles women face - almost non-existent access to the country's formal banking system and familial traditions that prevent them from opening or nurturing a business. The government must praise the small and medium entrepreneurs who turn lucrative ideas into reality and create high-end jobs that direct developing economies towards prosperity. As they say, "human beings are born entrepreneurs," we should explore the most viable options to encourage the entrepreneurial spirit of our population and enrich Bangladesh as a business-friendly start-up country.
Nabil Azam Dewan
Lalmatia, Dhaka
[email protected]
- Friday, 22 November 2024 |
- Today's FE |
- e-Paper |
- Beta Website
