The winners take home up to INR 1. Everything about you and the way you do business needs to let people know that you are a professional running a serious business. In a way to provide the right platform and support for students with great ideas, the top engineering and business schools in the country have their own business plan competitions where eminent panel of judges judge these plans and the winners get to mentorship and other support apart from the prize in these competitions.
Ask around before even attempting to start your business-check with similar businesses in the area, or around the country. Never underestimate how helpful this stage can be. The Entrepreneurship Cell, IIT Bombay, acts as a place for all those who want to the unbeaten paths and believe in leaving trails.
There are hundreds of bPlan competitions across the globe but only a handful take these business plans beyond the plan stage. Eximius is their annual festival that covers various facets of entrepreneurship while Next Big Idea is their business plan competition that aims to create a community of students who become job providers rather than job seekers in India.
Make your plans, win some cash, and then startup! Biggest causes of failure: Thoroughly research the competitors in your chosen industry. You can read our Business Plan Guides for ideas.
Having an eye-catching yet simple to navigate web site and presentation material is key to succeeding in the modern business world. Does the business world need you?: Be conservative with your funding estimates and either save enough money to keep you going while the business goes through its initial stages, or present your bank manager with a well thought out business plan and request sufficient start up funds.
You want to be able to set your self apart from all the other businesses similar to yours. Does your business need to be registered? Joining related industry or professional associations before you start your business is a great idea.
Identifying your weakness will help you to recognize what you are good at, and which areas you will need to find someone who can do a better job than you. The Cell aims at manifesting the latent Entrepreneurial spirit of young students.
Rely on your connections to find the perfect people for the jobs that will bring their expertise to the business. If you are less hot in certain areas, hire people with complimentary skills or seek professional advice when you need it. The first step to run a great business is to have an idea that has a great business plan in place.
Identify your skills and particularly your weaknesses. Identify what you do well and what you do badly, dividing it into areas such as financial, marketing, operational and general management.
Keep an eye on these potential pitfuls at all times! You need to ensure they have the right skills for the job. You never know, you could even meet your next Junior Executive.
As your business expands, you may well need to hire people to manage certain aspects of your operation. Be honest about your weaknesses: The biggest causes of failure for start ups are - setting your sights too high, not researching your market thoroughly, hiring the wrong staff and not putting enough funds aside for contingency.
Remember that you will eventually have to set aside your ego and let them control certain aspects of the company, so your have to feel comfortable around your management team. Be honest with yourself, but also be realistic. Entrepreneurship Cell, IIT Kharagpur is a non-profit student body organization that is also among one of the active E-cells in premiere colleges in the country.
The rewards of starting up your own business can be great, but think carefully if you have the attributes and right sort of personality to cope with going it alone. Make sure that there is a market for your product or service. Empresario is its business plan competition that invites entries for three different categories comprising namely Clean Tech Challenge, Eclairez social intiatives and Negocio for web and mobile application based ideas.
Learn what your legal and tax responsibilities are before you start your business and operate accordingly.
Be honest and ask friends and colleagues for input.Bangladesh Business News prepares the morning business round up compiling reports, published by different newspapers and news portals in Bangladesh Tuesday’s evening business round up of Bangladesh Aug 28, Doing Business in Bangladesh Although struggling with political instability and corruption, Bangladesh’s economy has grown % per year since It is also strategically located as the gateway to South and East Asian regions.
The country operations business plan (COBP), – updates the Bangladesh COBP, –, 1 aligning it closely with the strategic priorities of the Bangladesh country partnership strategy (CPS), – Top Business Competitions in Bangladesh 1.
Business Competitions Bangladeshin Top The entire presentation is hyperlinked 2. Sep 03, · Business Plan in Bangladesh- mint-body.com Business opportunities in Bangladesh.
Small business. DOING BUSINESS IN BANGLADESH 3 1 – INTRODUCTION UHY is an international organisation providing accountancy, business management and The official and most widely used language in Bangladesh is Bengali or Bangla, an Indo-Aryan language of Magadhi Parakrit origin with its own script.Download