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Potential Business Opportunities for Women Enterpreneurs in Bangladesh

Business Opportunities for Women Entrepreneurs


An EntrepreneurAn entrepreneur is someone who undertakes an enterprise, owns and manages a business with a vision to making a profit by using innovative ideas.Entrepreneurship depends on specific knowledge, skills, mentalities and attitudes. In principle, there should be no difference between men and women. In reality, various constraints limit womens opportunities to realise their full potential. Bangladesh is an example of this unfortunate trend. Influential NGOs are making a difference however.

Woman EntrepreneurWomen entrepreneurs may be defined as a woman or a group of women who initiate, organize and run a business enterprise. In other terms concept of innovative entrepreneurs, women who innovate, initiate or adopt a business activity are called business entrepreneur.

Registration & Legal Obligations:Women face a lot of obstacles at Govt. offices while making or renewing trade license, ISO Certificate or such other document. Complicated taxation rules & nontransparent procedures make it very difficult for women entrepreneurs to handle matters independently.

Fund Generation:Women face lot of problem getting loans approved and in cases end up paying interest at much higher.

Social Negativity:There is a class of people who are unwilling to support women entrepreneurs.

Unskilled or Semiskilled Workforces:Unskilled workforce employed by SMEs, result in lower quality product and inefficient production process that lead to lower productivity.

Procurement of Raw Materials:Due to lack of enough working capital, SME business women pay higher price since they cannot buy in bulk.

CHALLENGES FOR POTENTIAL WOMEN ENTREPRENEURSLack of self-confidence and personal securityRisks of harassment and other social and cultural barriersRestrictions on mobilityLow educational levels and scant training opportunitiesHeavy household choresLimited access to credit, marketing networks & modern technology.Inferior status in society and gender-biases in general

Women entrepreneurs should be provided special facilities to develop their enterprises. These include: Development Banks with separate advisory service cell for womenArrangement of exclusive fairs to promote products manufactured by small & cottage based unitsFixed quota of stalls for women entrepreneurs at export fairsSpecial market facilities both in the domestic and the international arenaFor new women enterprise tax may considerably reduced or exemptedThe procedure for Tax Identification Certificate should be simplifiedProcedure for Income Tax should simplified and made investment friendly

Education Cultural Cleaning Insurance Retail Trade Restaurants Manufacturing

Nursery Business Steps in Nursery Business:Check the legal authorities in your locationBusiness licenseProperty zoningAvailability of water for irrigationCosts in Nursery Business:The costs of nursery production include- Overhead CostDirect & Marketing Costs. If a woman have some space, a source of water, and a ton of ambition, she may try at operating a plant nursery.

The catering business is one of the most lucrative & profitable home businesses with a high potential for expansion & growth. It is both financially rewarding & fun.A catering business is best suited for a person who has passion for cooking and planning.Type of Catering Business:Mobile cateringEvent cateringBoxed Lunch Catering

Needed EquipmentOther than a commercial kitchen, the only things a woman need to get started are a phone and a delivery vehicle. A computer and printer are always nice but not a necessity for starters. A woman can get around the kitchen problem by arranging to use a restaurant's facility for a small fee in its off-hours or by sharing the rental costs of a commercial kitchen and its use with other caterers.

Party planning requires very start-up money, so it could be the perfect choice for those little with small capital. As an events coordinator or party planner, one will be involved in organizing all details of occasions such as anniversary celebrations, family reunions, birthday parties, weddings, retirement parties etc.Instructions:Team up with an experienced party planner to gain experience & learn the trade before start own business.Great multi-tasking skills is necessary.Decide how to charge for the services. Understand food and beverage. Know all about entertainment choices.

A general guideline to start a party planning business are:

Determine the start-up costs & find funds to launch business Organize oneself to easily handle the multiple projects which have to work on Hire part- & full-time employees Market ones services to bring in the business Expand ones offerings to offer complete party packages.

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