Entrepreneurship

Presented by-
Team Intrepid
Department of Electrical and Electronic Engineering
Section : C
Overview :
 Entrepreneurship
 Entrepreneur and features of entrepreneur
 Why entrepreneurship
 Types of entrepreneurship
 Obstacles in entrepreneurship
 From zero to peak
 Why engineers make great entrepreneurs
 Women entrepreneurship
 Scope for entrepreneurships in Bangladesh
 Pros of entrepreneurship
 Promoting entrepreneurship
What is Entrepreneurship?
Definition: The process of designing, launching and running a new business to generate profit

while taking on financial risk.

• Four major things involved in it are-

1) Innovation
2) Risk taking
3) Vision
4) Organizing skill
Who is Entrepreneur?
 A person who set up a business or businesses, taking on financial risks
in the hope of profit
Features of an entrepreneur : *The features or skills an
entrepreneur should have

A risk taker

An
Persuasive organizer

Entrepreneur

An
innovator

Patient
Determined
Why Entrepreneurship?
 Unemployment
 Profit making
 Lack of formal education
Types of entrepreneurship :
• Small Businesses
• Online Business
• Large Company Entrepreneurship
• Social Entrepreneurship
• Home Based Business
• Farm Based
Fields of entrepreneurship :
Top industries for entrepreneurs

Business services 11%

Food/Restaurant 11%

Health/Beauty/Fitness 10%

General retail 7%

Home services 6%

0% 2% 4% 6% 8% 10% 12%

Source : Finances Online

Obstacles in entrepreneurship :

1. Cash flow
management.
2. Hiring employees.
3. Time management.
4. Delegating tasks.
5. Choosing what to sell.
6. Marketing strategy.
7. Raising capital. *How they overcame their obstacles &
became successful entrepreneurs
8. Strapped budget.
From zero to peak :
From zero to peak :
 Google :
• Founded by Sergey Brin and Larry Page
• Started as just another college project
• Both completed graduation in Computer
Engineering

Sergey Brin Larry page

 Amazon :
• Founded by Jeff Bezos
• Started Amazon as an online bookstore.
• Completed graduation in Electrical Engineering
and Computer science

Jeff Bezos
Why Engineers make great entrepreneurs?

They are great innovators

They can effectively tap into opportunities

They are resilient

They are excellent planners

They have a strong technical understanding

They are thirsty for knowledge

They are great problem solvers

Women entrepreneurship:
Although Women are progressing in
this field over the last decade , there
still remain some setbacks
Challenges :
• Unwillingness to have collateral as partners
• Responsibility towards family
• Faulty socialization
• Lack of courage and socialization
• Gender biasness of the male dominated
support centers
• Lack of appropriate skills to evaluate the
business
Women entrepreneurship:
Gender gap closed to date,by region

North America 76.90%

Europe 76.60%

Latin America and the Caribbean 72.60%

Central Asia 69.10%

East Asia and the Pacific 69.00%

Sub-Saharan Africa 67.90%

Middle East and North Africa 63.40%

South Asia 62.30%

0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 80.00% 90.00%

Source: World Economic Forum

Successful female entrepreneurs :
 Rudmeela Nawsheen
• Founder of ConfigVR and ConfigRbot in
Silicon valley
• Soft-launched ConfigRbot in Bangladesh
• Graduated in Electrical Engineering

 Kiran Mazumdar Shaw

• Founder of Biocon,India’s largest listed

biopharma firm in terms of revenue
• Started Biocon out of a rented shed
• She is now India’s wealthiest self made
woman
Scope for entrepreneurship in Bangladesh :
Opportunities :
• It’s relatively a new term in Bangladesh. Hence
less competition.
• Availability of human and natural resources
• Low labour cost
• Liberalization of Govt industrial policy
• Market potential is great
• Increasing foreign investment

Why Bangladesh is one of

the best places to start
entrepreneurship or
startups !!
Successful entrepreneurs in Bangladesh :
 Mahmudul Hasan Sohag

• Founder and chairman of Onnorokom group

• Founder of Rokomari.com
• Graduated from BUET in EEE
• Started business before completing
graduation

 Tasnim Alam Tuhin

• Graduated in Civil Engineering

• Was unable to manage any job
• Started cultivating untimely watermelon
• Has become a successful entrepreneur
Pros of entrepreneurship :
• Creates job opportunities
• Contributes to Nations
Economic wealth
• Creates competitive
environment

• Raises income standard of

living
• Promotes self employment
Social & helps solving a
social problem
• Widens entrepreneurial
base

• Helps people fulfill creative

urge
Psychological • Helps in self expression
• Helps one to be
independent
Promoting entrepreneurship :
 Setup entrepreneurial institutes in every district
 Recognize and celebrate entrepreneurship among
youth as a preferred career
 Enhance access to finance for start-ups in every
possible way
 Ease down the complex procedures of Govt licensing
and other such activities like finance and banking etc.
 Promote entrepreneurship among women and other
underprivileged
Thank You