...A successful Bangladeshi entrepreneur Prepared for: Mr. Shahriar Kabir (SK) Course Instructor, Entrepreneurship Development BUS513 (Spring 2014) Prepared by Saniul Islam ID: 201103107 IBA, Jahangirnagar University Date: February 8, 2014 Table of Contents Introduction 3 Profile 3 Company Profile 3 How did he set up REVE Systems 4 Specialization of REVE Systems 4 Target customers 4 Competition in the industry 4 Choosing IT Sector 4 History of his company 5 Working environment in REVE Systems 5 M Rezaul Hassan advice to the budding entrepreneurs in Bangladesh 5 References 6 Introduction M Rezaul Hassan is the founder CEO of REVE Systems. Under his leadership, REVE Systems has become the leading software and solutions provider in IP communications domain. REVE Systems was awarded with the Red Herring’s Top 100 Global Company in 2012. REVE Systems is headquartered in Singapore, has software development facilities in Dhaka and New Delhi and offices in the UK and the USA. Right now, REVE Systems has 2000 plus carriers from more than 75 countries as their customer. Profile Mr Rezaul Hassan is the CEO of REVE Systems. He founded this company in 2003 after working in the IT/ Telecom industry for many years. As the founding CEO, Hassan, along with a dedicated team of colleagues, has helped to build REVE Systems into a major solution...
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...characteristics of successful entrepreneurs. An entrepreneur is someone who can come up with an idea, have the skill set, will and courage to take risk and turn that concept into reality and make it a viable product and/or service that people want or need. Few characteristics of entrepreneurs are, Passion: Passion is one of the basics of entrepreneurship. Passion is something which keeps a person awake and try something continuously. From building and implementing a prototype, to pitching the idea to venture capitalists, success is a function of passion and determination. Undertake Risk: Entrepreneurs are risk takers. Not all risk takers are successful entrepreneurs. Successful entrepreneurs will risk time and money on unknowns, but also keep resources, plans and bandwidth for dealing with "unknown unknowns" in reserve. Leadership: The ability to develop a vision for the company and to inspire employees to pursue is vital for success. Planning: Entrepreneurship being a long term commitment, planning better to manage the limited resources such as capital, time etc. will add significant reduction in risk and lead to success. Communication: Entrepreneurs should be able to explain, sell and market their goods or services. Dedication & Motivation: Entrepreneurs believe in themselves and are confident and dedicated to the project. They remain focused and have faith in their idea. Flexible: Being flexible about market place or customer is way to success. Successful entrepreneurs welcome...
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...Introduction a. b. The Continuing and Evolving Research on Entrepreneurs The Importance of Successful Entrepreneurship Today and Tomorrow 3 4 4 5 2. Literature Review a. Introduction i. Definition of Entrepreneurs Previous Areas of Entrepreneurship Research i. Personality Traits • Motivation • Risk Propensity and Uncertainty ii. Cognition • Intention and Opportunity Seeking • Innovation iii. Population Ecology c. Topic for this Study/Theoretical Framework i. The Broad Research Problem 5 5 7 9 9 10 10 10 11 12 13 13 13 14 14 15 16 16 16 16 18 18 19 22 24 27 27 29 30 b. 3. Hypothesis for Research a. Hypothesis Statements 4. Methodology 5. Analysis of Survey Data a. b. Data Compilation Analysis & Findings i. Background Data of Respondents ii. Findings 1. 2. 3. 4. 5. Cognition in Basic Business Areas Do Emotions Figure? Preferences for Source of Funds Preferences in Knowledge Acquisition More Specific Business Aspects i. Holding Company Together ii. Growth Factors iii. Continual Growth . HELP University College, 28 October 2009 Page 1 of 43 Entrepreneurship Research, April 2008 KC Lim 6. Limitations 7. Recommendations 8. Conclusion 9. Appendix 10. References 32 32 33 35 36 . HELP University College, 28 October 2009 Page 2 of 43 Entrepreneurship Research, April 2008 KC Lim Abstract This paper presents the findings of a general opinion survey on successful small entrepreneurs in Malaysia and some of the factors (both psychological and...
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...Jahurul Islam redefined the concept of business and industries in Bangladesh. He was the king of Bangladeshi business sector. The history books rightly states him as the father of Bangladeshi business. Business was in his blood since he belonged to a traditional business family. Jahurul Islam ventured into the business sector as early as 1964, with his company 'Islam Group'. Since then Islam Group has diverged into multidimensional sectors including engineering, construction, trading and even manufacturing. The company, over the years, concentrated in other sectors including pharmaceuticals, textiles, jute, aviation, ceramics, media, real estate, finance, construction and even something as vital as energy. Through the variety of his concerns, Jahurul Islam has shown diversified thinking capability that no one in his generation possessed. His unique way of thinking and leadership also resulted in Islam Group to be one of the leading industries in Bangladesh. Perseverance is one of man's greatest qualities; Jahurul Islam possessed that quality. It naturally transformed him to be a great businessman and leader. He faced a lot of problems during the three decade sway over his company; however his patience and his brilliance together made Islam Group number one company in the country. Besides being good businessman, he was also a humanitarian. He founded Jahurul Islam Medical College and Hospital, for the betterment of the country. Although the institute officially began...
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...will be describing the personality traits and characteristics that are associated with entrepreneurs who are successful. I will also be expanding and comparing on my own personality and characteristics to those found in successful entrepreneurs. Firstly, there are many types of traits that entrepreneurs have. Some of these traits include being able to live with uncertainty and take risks, self-confidence, internal locus of control and more. I will be finding out if successful entrepreneurship is based upon the personalities of individuals or not. Previously, I was never really into entrepreneurship until I started college a few years ago. Having done a fashion design course with sewing and marketing experience, this really made me think about starting my own fashion business in the near future. I had the privilege of gaining further experience and knowledge about the fashion industry through work experience with designers and working at London Fashion Week. This enabled me to talk to designers and have an insight on how they became successful as it is a hard market to have a breakthrough in. Having seen how other designers started out, even with minimal experience and no further education made me more determined to make my dream a reality considering I had experience and now in further education to obtain a degree. On the other hand, there is no success manual in becoming an entrepreneur, therefore I believe it depends on character and personality traits life has taught people...
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... 1 Factors determining citizenship: - Parents are citizens -Born within a county -Marriage to a citizen -Naturalization 2 History * 2.1 Polis citizenship * 2.2 Roman ideas of citizenship * 2.3 Middle Ages * 2.4 Renaissance * 2.5 Modern times 3 Different senses of citizenship -International citizenship -Commonwealth citizenship -European Union citizenship -Subnational citizenship Citizenship education * United Kingdom * Ireland citizenship in Bangladesh CITIZENSHIP: Citizenship laws are based upon the Bangladesh Citizenship Order dated 1972. Questions concerning persons born before March 26, 1971, should be directed to the Bangladesh Embassy. (UKC-Commonwealth Nation) BY BIRTH: Birth within the territory of Bangladesh does not automatically confer citizenship. Only persons born before March 26, 1971 would be deemed Bangladesh citizens by birth. BY DESCENT: Rules stated below apply to persons born after March 26, 1971. Child born of a Bangladesh father, regardless of the child's country of birth. Child whose grandfather was a citizen of Bangladesh, regardless of the child's country of birth. Child born of a Bangladesh mother and an unknown or stateless father, regardless of the child's country of birth. OTHER: Person who was a permanent resident of Bangladesh on March 26, 1971, is granted citizenship, unless disqualified by law at that time. BY NATURALIZATION: A person...
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...http://vigaexalt.blogspot.com/2014/01/successful-entrepreneurs-taking-risks.html RISK…..How does this four digit word have influenced us in life? The word ‘risk’ shall appear distressing in whatever choice of decision making ranging from buying property, investment, business start-up, suppliers, vendors, customers to even marriage. It is common to associate risk negatively such as being irresponsible, rash, losses, damages or even threat. Definitely it is part of our life, business and work but yet we have seen that risk takers have succeeded despite against all odds. However it does not imply the same definition to true entrepreneurs. These true or successful entrepreneurs have seen risk as positive opportunities to excel and change the platform of their venture. Several entrepreneurs and innovators such as Robert Goddard, Soichiro Honda, Harland David Sanders, R.H Macy, Richard Branson, Donald Trump, Carlos Slim Helu, Martha Stewart, Emma Harrison, Linda Bennett and Bill Gates have undergone various risks before establishing their products and application in the world. Entrepreneurs have the knack of getting right in spotting a new trend and acting in advance despite the risk involved. They are the first to gear into the business as they recognize the change in economy or cultural trend. Being the first in market gives them competitive edge compared to others who are known as mere followers. Orville and Wilbur Wright were the sole reason why we have airplane. Both brothers...
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...Do entrepreneurs need a business plan to be successful? No, as a person can successfully run a business without one. However a business needs a set direction and the person running it has to know what they are doing 100% of the time, if a person is capable of keeping a whole business under control and on the right track then they do not need a business plan. When starting a business there are countless things that can go wrong and lots of different directions your business could take. Without a plan people don’t know where they are going, what they want to do or what they want their business to be. Doing a business plan allows someone to find out who their target market is and how popular their product or service will be with that group. It will also allow people to see what their competition is and how well they are doing. For example someone who wanted to open up a butchers could rent a shop buy their product and open their doors to find out the majority of the town they opened up shop in is vegetarian. The butcher who made a business plan already knew that that was a vegetarian town and located a town just a couple of miles away that has an annual meat lovers fair. A business plan will not allow you to be prepared for every mishap that will happen along the way but it will enable you to plan for problems that you know will or are very likely to happen. For example a cafe that has just opened on the seafront plans to buy extra ice cream for the hot summer days but when...
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...Life of a successful entrepreneur: Mr. Jahurul Islam Jahurul Islam was one of those who have been discussed very frequently in the history of business and entrepreneurship in Bangladesh. He was born in Bhagalpur, a village iii Bajitpur thana under Kishoregonj district. His father Mr. Aftab Uddin was a tiny contractor in Mymensingh district board. His father had small income with which he used to run his business staying in his village home. His mother Mrs Rahima Aktar was a very pious housewife. She was very well known amongst her neighbors. Mr Islam lost his father in 1972. He was the second son of his parents .He had four more brothers and three sisters. Jahurul Islam had very simple and ordinary boyhood and was fond of making friends from middle class families only. He started his schooling in Chandragram local Patshala and then in the Shibnath High School. When he was a student of class five, he was sent to his uncle’s house in Calcutta, where he studied in Chetla High School. But due to the transferable job of his uncle, he had to shift to a number of schools. In 1945, he passed matriculation from Ripon High School. Later, he went to Bardwan, where he studied I.A but he failed to pass in the final examination. In 1948, he appeared again from Haraganga College at Munshiganj. This time also he failed which brought the end of his formal education. From the very boyhood, Jahurul Islam had a knack towards carrying on independent business. He conceived the idea from his...
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...eWhat it takes to be a successful Entrepreneur 1st year / 3rd Trimester Course: Industrial Management and Technology Teacher: Elisabete Lopes Student: Fernando Miranda Nº 1202750 0 Contents Abstract ............................................................................................................................... 2 Introduction ......................................................................................................................... 3 What is an entrepreneur? .................................................................................................... 4 Do You Have What It Takes To Be An Entrepreneur? ...................................................... 4 A True Entrepreneur ........................................................................................................... 5 8 traits of successful entrepreneurs – Do You have what it takes? ..................................... 6 Example Of How An Entrepreneur Responds To An Opportunity .................................... 9 Conclusion ........................................................................................................................ 10 Bibliography ..................................................................................................................... 11 1 Abstract A successful Entrepreneur must have strong leadership qualities, highly self-motivated, strong sense of basic ethics and integrity, willingness to fail, serial innovators...
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...Becoming an entrepreneur is definitely a goal of mine. I would like to develop a business in the future that will allow me to become successful and earn a lucrative income. Entrepreneurs enjoy an increased level of flexibility and independence and can choose tasks that are both rewarding and profitable. It is critical for entrepreneurs to select a new business venture that interest them. Also, gaining an in-depth knowledge of subject matter pertaining to business is extremely critical. Entrepreneurs must do their homework before starting a new business venture. Entrepreneurs can also help others individuals become successful and achieve goals. The ability to motivate and empower others is a vital characteristic that entrepreneurs must possess. I certainly would love to become an entrepreneur, hopefully in the near future. I am not exactly sure what new business venture I would like to start, but I am certain that becoming an entrepreneur is my number one professional goal. Being an effective leader is extremely important for an entrepreneur. Entrepreneurs. must have the ability to lead individuals and get the best out of them. Entrepreneurs must also be effective communicators. The must be able to individuals to work together to achieve specific tasks. Entrepreneurs must create a vision and must share that vision with the employees. Entrepreneurs must also be able to select and recruit individuals that are competent and knowledge about their tasks. Entrepreneurs must develop...
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...GROUP PROJECT (March 2015) The learning outcomes: • Integrate concepts and principles, understandings of entrepreneurial issues into actual business ideas and scenario applications • Exhibit high level of group efforts and cooperativeness • Effective roles as group members. The Task: The group tasks to identify and choose a successful entrepreneur, and come up with a report (which also needs to be presented) on the findings that relate to entrepreneurial issues about the entrepreneur and the business. Refer to the Rubric for Assessing Group Project below as to what are the areas that your group need to provide/cover in your report. The requirements: The report should be prepared using Microsoft office word, with line spacing of 1.5, using font 11 on Times New Roman or Arial. The length of the report should be between 3,000 to 3,500 words. Proper heading and sub-heading should be used to organize the flow of the report. Minimum of 15 sources should be used to prepare the report. A softcopy of the report should be kept by the group, in case of the lost of report. Plagiarism could be penalized to Zero mark. The report is due on the 12th week of the semester, in class – after which, marks could be deducted based on lateness. RUBRICS FOR ASSESSING GROUP PROJECT PAPER Principles of Entrepreneurship (ENT530) Entrepreneurial Opportunity or Business Issues Identification & Analysis Skill | | ...
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...The Entrepreneur who inspires me Background: The entrepreneur who inspires me is Kaniz Almas Khan who is the owner of Persona. She is the pioneer who established Persona as a brand in the beauty industry. She is the successful entrepreneur not only among the women but also among the entrepreneurs of Bangladesh. With a deep passion on beautification of human being and a great wish to do something different and big, she started her journey in the beauty industry. She has started her journey with a very small capital. Though her parental home is in Dhaka but she was born in Chittagong. Her father Dewan Badiul Alam used to stay there in connection with employment. She had passed her childhood at Dhaka’s garden house in Malibag. After passing Secondary and Higher Secondary Examinations from Siddheswari Girls School and College, Kaniz Almas Khan accomplished graduation from Eden College. Then she took training on Beatification from famous beautician of Bangladesh, Zerin Ashgar Khan. Later took training from Kolkata, Mumbai, Delhi, China and Bangkok. With a deep passion on beautification of human being and a great wish to do something different and big, she started her journey in the beauty industry. In her journey to become a successful woman entrepreneur in the beauty industry of Bangladesh, she got all types of necessary supports from her mother, in laws, husband and peer groups. Then from innate eagerness to beauty and with the inspiration of the members of the family, make-up...
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...the Case Questions: 1. Answer: Summary of the Case: Kaniz Almas Khan, the pioneer who established Persona as a brand in the beauty industry, is the name of a successful entrepreneur not only among the women entrepreneur but also among all the entrepreneur of Bangladesh. With a deep passion on beautification of human being and a great wish to do something different and big, she started her journey in the beauty industry. In her journey to become a successful woman entrepreneur in the beauty industry of Bangladesh, she got all types of necessary supports from her mother, in laws, husband and peer groups. With the aim to provide the clients with the best quality skin and hair care services, and also bridal makeover, Kaniz opened beauty salon Glamour at her residence in Kalabagan in 1990, with nine workers and an initial investment of Tk 2 lakh which she borrowed from Micro Industries Development Assistance and Services (MIDAS). After being successful to win the love of the clients , she got countrywide recognition as an expert in hair care and inspired many small entrepreneurs to get involved in this business by becoming the 'brand ambassador' for Sunsilk in 1991. As the result of the successful journey, Glamour was turned into Persona Hair and Beauty Ltd. In 1998.Now she is thee successful entrepreneur of two companies: Persona Hair and Beauty Ltd and Persona Beauty Care Ltd. Persona Hair and Beauty Ltd also runs an independent studio and monthly publication 'Canvas'....
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...“Entrepreneurs are born not made.” Critically analyse this statement with reference to the literature and to your experience of entrepreneurship. This essay aims to evaluate the various traits identified with entrepreneurs, and then establish whether entrepreneurs are born with these traits, or whether, they are shaped and developed through their life experiences. Put simply the purpose of this essay is to establish whether entrepreneurs are ‘born or made’. This essay focuses on two distinct schools of researchers in the field of entrepreneurship: The more traditional group of researchers has focused on the personality characteristics of the individual, the internal factors, whilst a second group of researchers have taken a social cognitive approach. They look at the relationship between an individual and his or her environment. The external factors include culture, role models, work experience, education, and environment. This essay looks at the early definitions of an entrepreneur, evaluates the literature which supports the theory that entrepreneurs are ‘born’, and also evaluates the proposal that there is a relationship between the individual entrepreneur and their social environment, that is, entrepreneurs are ‘made’. Cantillon (1756) defined the entrepreneur as engaging in business without an assurance of profits; thus the bearing of risk being the distinguishing feature of an entrepreneur. Jean Baptiste Say expanded on this by making the entrepreneur the pivot of the...
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