Chapter - 1

1.0 Introduction
Training is an important part for a person who wants to be a great entrepreneur. Now a
day’s every person those who are in a successful position as entrepreneurs have must properly
utilized their brains in full swing with innovations and creative ideas. And this brain is fully
generated by training. Because we know that every person has equal brain but none of them
properly utilized it. Training guides them about how they can utilize this brain creatively and
consciously. Training helps them to understand about which field is suitable for them and how
they can develop themselves in that selective field.

1.1 Objectives of the study

The main objective of the study is to measure the importance of training to develop
entrepreneurship in Bangladesh. Training can change the life for a person who is an active
entrepreneur but wants to become a successful entrepreneur. With the help of this assignment we
got the proper idea that how training passed an important role in entrepreneurship development.

1.2 Methodology

Sources of Information:

1. Primary: The primary information collected through face to face interview and
observation.

2. Secondary: The secondary information collected from website, Magazine,

Memorandum, Journals, books and some other relevant sources.

Both primary and secondary data sources will be used to generate this report. Primary data
sources are scheduled survey, informal discussion with professionals and observation while
working in different desks. The secondary data sources are different published reports.

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1.3 Scope of the research

The report deals with the training process in terms of theoretical point of view and the
practical use in entrepreneurship in Bangladesh. The study will allow learning about the training
process, importance, problems and solutions used to make it more efficient. The study will help
to learn the practical procedures followed by the entrepreneurs. Moreover the study will help to
differentiate between the practice and the theories that direct to realize how the entrepreneurs can
improve themselves by taking training.

1.4 Limitations of the research

The main limitation of the study is the collection of information. Most of the
entrepreneurs are very much busy with their business progress. So they do not able to give so
much time to us.

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 Chapter - 2

2.0 Literature Review

Training is the acquisition of knowledge, skills, and competencies as a result of the
teaching of vocational or practical skills and knowledge that relate to specific useful
competencies. Training has specific goals of improving one's capability, capacity
andperformance. It forms the core of apprenticeships and provides the backbone of content
at institutes of technology.

2.1 What is Entrepreneurship and Training?

The word entrepreneur has come from the France word “entreprendra” which means to
undertake, to pursue opportunities to fulfill needs and wants through innovation to undertake
business. So entrepreneurship is the act of being entrepreneur…

Richard cotillion says

“Entrepreneur is the agent who purchased the means of production for combination into
marketable product”.
To be a successful entrepreneur training is very much helpful. So the term “training” is a process
where a person gets both practical knowledge and direction regarding a particular sector.

2.2 Relationship of Entrepreneurship and Training

Importance of entrepreneurship training is undeniable and is needed for our country as
well as other countries. According to studies the role and status of entrepreneurship it is clear and
doing them is among the main projects of Entrepreneurship development programs in countries.
The goals which education programs of entrepreneursare pursuing are:
Training of new entrepreneurs, guiding of entrepreneurs to learn needed professions and offer
necessary skills to them in order to increase their success in businesses that are starting.

Entrepreneurship training is a part of this entrepreneurship. Entrepreneurship training a

series ofskills is taught to people who are: Before, during and after setting up business. Before
founding the companyor setting up business Entrepreneur must learn how to set up a business
and its processes and how to do ateam work and also communication skills. During launching the
work should obtain knowledge andnecessary skills in fields such as financial issues,

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understanding the market, Management, Insurance,Economy, Labor Law and Legal Affairs.
Ability to manage growth and development, finding new ways,competitive and maintain position
in market and finding new markets are some of necessary skills forentrepreneurs after setting up
a business.

2.3 Why Entrepreneurship Training is Important?

Entrepreneurship education in the new economy should be the house of knowledge
provision, as opposed to a little room in the house. Entrepreneurship education in BD is not even
a room, but a little outside building. The result of this mindset is clearly reflected by the latest
GEM (Global Entrepreneurship Monitor) report. Our achievements are therefore less than half of
the average figure. The effects of the above non-entrepreneurial culture are also reflected in the
high unemployment and high crime rates in our country. Most of the Bangladeshi are looking for
jobs, which are becoming scarcer and scarcer each year. We are generally blind for the numerous
business opportunities, begging to be utilized.

We need to create a culture where entrepreneurship education becomes the house of

education, with other study fields, the rooms in this house. We need to realize that we are far
behind the rest of the world and have to catch up fast. School leavers, as well as graduates from
other tertiary institutions need to catch up on entrepreneurial skills. An entrepreneurship-training
course has become of critical importance for young people before embarking on a career path,
which will probably lead to nowhere. Big organizations are still downsizing and employees are
losing jobs on a continuous basis. Thousands of school leavers go abroad for a year or two; come
back and can’t find employment. Very few Bangladeshi are entrepreneurs whom create jobs –
most of us are skilled in something, but are job seekers. We drastically need to turn the situation
around. We need a situation where a critical mass of Bangladeshi emerges to the status of job
creators (entrepreneurs). The solution to this critical problem is, without a doubt, in effective
entrepreneurship education. Entrepreneurship education needs to be viewed as the highest
priority in our country. Bangladeshi also needs to realize that entrepreneurship education is not a
once-off affair, but a continuous process. We also need to understand that there are no limits in
developing our creative, innovative and entrepreneurial skills. The more we apply and practice,
the better we will get. The future is there for us to shape. What we do today, at this point in time,
will determine what the future will be like.

2.4 Types of Entrepreneurship Training Opportunities

Fortunately there are lots of different types of entrepreneurship training opportunities
ranging from a couple of hours that just covers the fundamentals of entrepreneurship to Masters
Degrees in Entrepreneurship.
 Entrepreneurship classes – include two to three hour classes at libraries or small business
week events which may consist of the speaker sharing his/her own entrepreneurship case

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 studies from their own experience to a longer series of entrepreneurship classes leading to a
an entrepreneurship certificate offered by colleges, universities and government
organizations
 Entrepreneurship degrees and Masters of Entrepreneurship – these are relatively new and
were created to reflect the growing demand for entrepreneurship training. Entrepreneurship
case studies will likely be studied. Most entrepreneurship degrees can be completed with
four years of full time study, while Masters of Entrepreneurship can typically be completed
within two to three years on either a part time or full time basis.

2.5 Importance of training

1. To improve job performance by enhancing employees knowledge and skill.
2. To prepare employees well competent to discharge the new responsibilities.
3. To impart skill how to operate the new machinery and equipments.
4. To reduce the wastages and accidents.
5. To build a second line for more responsible positions at a later stage.

2.6 Problems of training

1. A failure to identify the specific needs of learners and for learners to own their
own development needs
2. Objectives set by trainers, rather than the learners
3. Little acceptance by learners of the need to take responsibility for their own
development
4. Constraints of time for preparation and participation in learning events
5. A failure to follow through learning beyond an event or course
6. Failing to achieve high value via transfer of the learning

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 Chapter - 3

Survey Analysis
Purpose of the survey:

In order to measure the role of training in entrepreneurship development a series

questions were asked to the entrepreneurs with the help of structured questionnaire. The data
from these questions are tabulated below. The survey was conducted among 50 Entrepreneurs
from different business perspective in Dhaka.

Analysis and findings of Survey Data:

 Educational qualification
According to our survey shows that:

Types of Answers No. of choice

Primary 11
SSC Certificate/ O-level 11
HSC Certificate/ Diploma/ A-level 11
Bachelor Degree: BBA/ B.Sc.(Eng.)/ BSS 13
Master’s Degree: MBA / M.Sc./ MB Sc.(Eng.)/ MSS 4

Educational Qualification

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8 Education Qualification

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From 50 entrepreneurs we found that most of them are taken Bachelor Degree and a common of
them a similar number of them taken Primary, SSC certificate and HSC certificate. Only few
number of people are completed Master’s Degree. So we can say that for good an entrepreneur,
education skill is much helpful.

 The numbers of entrepreneur are taken training or not

According to our survey shows that:

Types of Answers No. of choice

Yes 16

No 34

Training taken
16
Yes
34 No

By this survey we can see that out of 50 entrepreneurs only 16 entrepreneurs have taken the
training regarding business. Rests of the entrepreneurs have not taken any training. But they
emphasized on the necessity of training. And most of them believe that if they had taken training
regarding business they could start and run their business more effectively and efficiently.

According to our survey report, it shows that the maximum numbers of entrepreneur are not
taken any type of training. Because the reason is when they start their enterprise on that time
there was no available training institution. But they thought if they were trained then they may be
more successful in their business. Now a day’s the young generations are more interested to take
training before start their enterprise.

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  Entrepreneur job experience
According to our survey shows that:

Types of Answers No. of choice

Yes 26
No 24

Job Experiance

26
24
Yes No

 Is Job experience helpful to start the business?

According to our survey shows that:

Types of Answers No. of choice

Strongly agree 6
Somewhat agree 19
Neither agree nor disagree 9
Somewhat disagree 0
Strongly disagree 0

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 Helps of Job experience
20
16
12 Helps of Job
experience
8
4
0
Strongly Somewhat Neither Somewhat Strongly
agree agree agree nor disagree disagree
disagree

 Is job experience and training are necessary for start the

business?
According to our survey shows that:

Types of Answers No. of choice

Strongly agree 12
Somewhat agree 19
Neither agree nor disagree 8
Somewhat disagree 1
Strongly disagree 0

Both Job Experience and Training needed

20
Both Job Ex-
15 perience and
Training
10 needed

0
Strongly agree Somewhat Neither agree Somewhat Strongly
agree nor disagree disagree disagree

Chapter
9 -4
Conclusion

After completing the survey report we can say that training is important factor to start the
business. In past maximum entrepreneurs are not concerned about the importance of training. For
that reason many entrepreneurs were not survived in this competitive business world. That’s why
young entrepreneurs are more interested about training to run their business smoothly and
efficiently.

However the result of our survey report may be not quite enough to judge the accurate
situation but we are trying to focus the role of training to develop entrepreneurship in
Bangladesh.

BIBLIOGRAPHY
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 Primary Source of Data:

 Interview and discussion with the entrepreneurs

 Secondary Source of Data:

 Published documents and reports

 Different books
 Relevant websites
o www.wikipedia.com
o www.google.com
o www.webopedia.com etc.
 Entrepreneurial Development (Khanka, S.S.)

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