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Messages - sabbir

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MakerSpace / 38 Plastic Bottle Life Hacks
« on: September 05, 2019, 12:12:27 PM »

MakerSpace / Plastic bottle craft
« on: September 05, 2019, 10:15:29 AM »

MakerSpace / Plastic bottle craft idea
« on: September 05, 2019, 10:04:29 AM »

How can countries take advantage of the fourth industrial revolution?

The economy is in a restructuring process. Technology-led transformations are no longer limited to technology-related sectors and are beginning to affect structural sectors, including manufacturing, retailing, transportation and construction. Disruptions of business models are surging from a fragmented network of entrepreneurs and innovators. Cognitive skills are increasingly being replaced by technology-led productivity, affecting labor supply in both developing and developed countries. In turn, creativity and social skills are becoming more important and more valuable than ever before. This process has been called the Fourth Industrial Revolution.

Countries that are less prepared to adapt to these structural changes will suffer in their competitiveness. As much as 80 percent of the productivity gap between developed and emerging economies can be explained by the lag in transitioning to technology-led changes from previous economic restructuring processes (for example, the 18th-  and 20th-century industrial revolutions). Automation is reducing the cost of traditional labor-intense industries (reducing costs relative to labor by 40 percent to 50 percent since 1990), shifting the cost structures that benefited emerging economies. Trade is shifting increasingly to digital goods and services. Knowledge-intensive flows of trade are already growing about 30 percent faster than capital-  and labor-intensive trade flows. Jobs are also being affected, with routine cognitive functions being affected the most, while providers of intellectual and physical capital benefitting disproportionately.

There are also opportunities stemming from this widespread diffusion of technology and transformational changes. Entrepreneurship and innovation is becoming affordable and de-localized. The innovation model of large capital-intense laboratories (e.g., Bell Labs) is not the most effective one anymore. Instead, open innovation (the process whereby large firms co-create innovation with entrepreneurs and other actors, instead of having an internal process) and innovation emerging from startups are increasing. Tech startup ecosystems have emerged in cities worldwide, in both emerging and developed economies, disrupting traditional business and creating new industries. This results in local innovation and business models that can be appropriated by the domestic economies. These ecosystems also generate new sources of jobs emerging from the structural changes produced by technology.

In 2014, I wrote a working paper in which I described the signs of this economic transformation and the policy areas that countries can develop to take advantage of the forces stemming from this transformation:

1.Adapting education to provide practical skills for a predominantly knowledge-based economy,
2.Promoting the development of local innovation ecosystems,
3.Fostering entrepreneurship that creates new sectors and businesses, and
4.Creating innovation networks and collaborative environments (for example, innovation labs) that will help existing core and traditional industries to remain competitive.
These recommendations were based on a foresight analysis and the collection of emerging policies that were being applied by leading policymakers across the world at that point. Time has confirmed the validity of these recommendations.

These policy areas guided my work over the last two years supporting startup ecosystems, the absorption of startup innovation in local economies, and the provision of 21st-century technological skills. In future blog posts, I will explore some of this work with practical examples. I would welcome your comments and suggestions.

Startup / Challenges in the ecosystem
« on: July 11, 2019, 10:43:54 AM »
Challenges in the ecosystem

As with all new communities, the startup community of Bangladesh has quite a few challenges to deal with. The following among them stand out:

Lack of Innovation: There is a conspicuous lack of useful innovations as most startups tend to mimic successful foreign startups without taking into consideration the differences in market dynamics. There is a tendency to replicate successful ideas instead of culturing an innovator’s mindset.
Knowledge gap: The education system is not built on greater analytical process, multidisciplinary thinking and creative methods of problem solving. Furthermore, potential innovators often lack technical expertise, knowledge of product development and multidisciplinary business approach. Participants in many accelerator programs have also complained about how the programs suffer from a lack of proper organization, procedural inefficiency and a lack of variety in the activities they run.
Information gap: There exists a lack of access to information at market access levels and a lack of linkage between academia and industry. An absence of network immersion into the problems faced by communities and testing prototypes result in unrealistic innovations.
Infrastructure gap: There is an absence of an integrated support system stemming from the lack of incubation and coordination between stakeholders in the ecosystem. There are also bureaucratic difficulties that often hinder proper execution of plans and thus fail to achieve the goals of the startup.
Financial gap: There is no financial support for testing ideas (early stage grants) and negligible access to seed, angel, and other investment support.
Stakeholder gap: While many institution and organizations are keen on supporting social innovations, they often operate in silos.
Leadership and cultural gap: The lack of empathetic role models and a cultural mindset that leans heavily towards the conventional, risk-averse careers discourage youth to pursue social entrepreneurship.
Mindset gap: What is often forgotten is that innovation is not only about doing something different; it also has to be scalable to have an actual impact. Most startups fail primarily because of how they don’t pay enough attention to this crucial aspect and quickly run out of resources. Hence, a number of short-term solutions exist but tangible growth remains invisible.

How can you contribute to the ecosystem?
Being a part of the community as an entrepreneur means that your responsibility is to contribute to the growth of a robust ecosystem that will in turn benefit all. The idea is that the whole ecosystem is always more than the sum of its individual parts, and the stronger it is, the more everyone gains.

Entrepreneurs should also be educators to effect the sort of cultural change that creates change-makers, and for this, they themselves must possess an innovator’s mindset. In his book about the Innovator’s mindset, George Couros lays out 8 salient traits, including being empathetic and reflective, that are important to excel as educators and innovators.

As most high-achievers in universities aim to work at MNCs or high paying jobs, partnerships with universities can be formed to groom and attract young talents who can address this recruitment issue that most Bangladeshi startups face.


Startup / What does the Bangladeshi startup ecosystem look like?
« on: July 11, 2019, 10:36:27 AM »
What does the Bangladeshi startup ecosystem look like?

Techinasia estimates put the number of startups in Bangladesh at about 280, an overwhelming majority of which are Dhaka-based. There is a predominance of software development and ecommerce startups, the former reinforced by the popularity of engineering degrees in the country, and the drive towards ICT and greater digitization in the form of the highly publicized projects like Digital Bangladesh. Consumer base in the country comprises of a growing middle class and a demographic that prefers the convenience of online shopping, explaining the popularity of ecommerce startups.

Despite the glut of the above mentioned startups, there are also more innovative ones with interesting offerings. Examples include startups like Maya Apa, a service that aims to provide accessible healthcare information to women, and 10 Minute School, an online education platform that is providing free classes on subjects ranging from standard 1 to University to anyone with an internet connection.

The novelty of the idea of a startup community in Bangladesh means that the ecosystem has not yet developed into the more complex symbiotic inter-web that more evolved startup ecosystems have. There are, however, quite a few mentors and experts currently operating in the community. There is also a growing network of venture capitalist firms, and accelerator programs to support startups. The government has also launched initiatives like the Digital World in 2014, which aims to facilitate economic growth through technology, and the iDEA Project, that provides working space and other forms of assistance to selected startups.


IOT / Cyber-Trust: Safeguarding IoT
« on: July 07, 2019, 11:57:06 AM »
Cyber-Trust: Safeguarding IoT

The explosive development of the concept of the Internet of Things (IoT) is accompanied by an unprecedented revolution in the physical and cyber world. Smart, always-connected devices provide real-time contextual information with low overhead to optimise processes and improve how companies and individuals interact, work, and live. An increased number of businesses, homes and public areas are now starting to use these intelligent devices. The number of interconnected IoT devices (wide-area and short-range IoT connections) in use worldwide has already exceeded 8.6 billion since 2018 and is expected to grow to 22 billion by 20243.

On one side, the IoT devices offer extended features and functionality; on the other side, their security level is still low, with well-known weaknesses and vulnerabilities, which provide cybercriminals the opportunity to easily evade systems and eventually create backdoors into organisations’ infrastructures.

Cyber-Trust is an innovative cyber-threat intelligence platform which aims to gather, detect, and mitigate sophisticated attacks, securing the ecosystem of IoT devices. The project is built around four pillars: Key proactive technologies such as zero-day vulnerability discovery and sharing; Cyber-attack detection and mitigation on IoT devices (tampering and network/DoS attacks); distributed ledger technologies (DLT) to considerably reduce the ability of hackers to tamper with legacy IoT devices; and Interactive situational awareness and control to augment the infrastructure’s operator capabilities in tackling risks and emergencies.

Most security issues arise from devices with flawed design or poor configuration, which allows attackers to compromise them2; tools, such as Shodan and IoTSeeker, can be easily used to discover such vulnerable devices. This raises the important question of how large-scale exploitation of such vulnerabilities can be prevented, considering the IoT devices’ limited capacity to secure themselves as they cannot be equipped with operating systems or the multitude of security mechanisms available on systems with higher resource availability. Moreover, software update mechanisms to fix the vulnerabilities and update configuration settings is often overlooked by manufacturers, vendors, and others on the supply chain.

In addition, even if such a functionality is given, there is often no efficient way to patch those devices, and the possibility to add new vulnerabilities exists. Many lists of “best practices” have been developed to address these issues. Building and managing vulnerability profiles, possibly with the involvement of manufacturers5, could assure consumers that security and privacy issues are addressed seriously. Realising this is far from trivial, the blockchain may prove to be ideal towards this direction.

In the project, we further advanced the current state-of-the-art on various areas such as the identification and linkage of cyber-threat exploits across different platforms by deploying and adjusting to our context a number of sophisticated methods and tools, ranging from graph mining and anomaly detection mechanisms relying on machine learning, to the adoption of a permissioned blockchain to define a privacy-preserving framework for achieving trusted, decentralised coordination and transaction processing between IoT devices4.

Blockchain solutions have recently been proposed for both intrusion detection and forensic evidence applications1, since in both cases blockchain can solve issues pertaining to trust, integrity, transparency, accountability, and secure data sharing. To address the issue of trust establishment, the design of a blockchain-based solution for securing IoT devices and their transactions is not straightforward. In most cases, an IoT device’s available resources are highly constrained, whilst there is a need for performing transactions at high speed. These requirements call for efficient blockchain solutions; key design factors that determine both their security and performance, in the context of the IoT, are briefly presented below.

Focusing on the blockchain, the project is utilising HyberLedger Fabric to build an independent Root of Trust (RoT) that allows the IoT devices to defend against sophisticated cyber-attacks, like Advanced Persistent Threats (APTs). This is achieved by storing the update history of an IoT devices’ integrity state in the distributed ledger, since the primary advantage of using the blockchain for integrity is that there are no keys to be compromised.

The main assumptions under which such mechanisms are secure is the transparency of the data stored on the blockchain and the utilisation of a cryptographically strong hash algorithm whose fingerprint is included in the blockchain1. The choice of HyperLedger Fabric was not random as well; the key advantage of HyperLedger for Cyber-Trust is the private channel feature that allows to partition the data added on the blockchain. Due to the criticality of the stored data, only users that have subscribed to a channel should be able to access its content.

Another asset of HyperLedger is its scalability which is an important factor if we consider that the ecosystem of Cyber-Trust is estimated to be 22bn IoT device by 20243. The technology used needs to have a high transaction throughput and for that reason Kafka is used in HyperLedger to propagate transactions having previously been validated by smart contracts. Kafka acts as a queue inside the central peer of the permissioned distributed ledger, which is run by a trusted host, most likely, the Cyber-Trust back-end; using a queue like Kafka, removes any single point of failure due to the centralisation of the system. Due to having adopted a private blockchain, which can be controlled by a smart contract and a central ordering service, we may assume that the nodes are unlikely to be malicious (but still take measures to prevent any dishonest behaviour). The mechanism used is close to a proof of Authority consensus.

Cyber-Trust and its results will prove to be valuable in fostering solutions offering built-in resilience, which will help stakeholders to better protect their assets against (and recover from) large-scale advanced cyber-attacks. Thus, positive impact will be generated not only for European citizens and small and medium-sized enterprises (SMEs), but also for Critical Information Infrastructures (CIIs), law enforcement agencies (LEAs), and computer security incident response teams (CSIRTs) with the following key aspects: improved knowledge concerning the detection and mitigation of large-scale cyber-attacks targeting at critical infrastructures, improved solutions for the acquisition of forensic evidence, innovative tools for easily embedding cyber-security in future technologies and products, and most importantly, increased trust in using the services being offered by IoT platforms.


MakerSpace / What is a makerspace?
« on: July 07, 2019, 10:45:10 AM »
What is a makerspace?

A makerspace is a collaborative work space inside a school, library or separate public/private facility for making, learning, exploring and sharing that uses high tech to no tech tools.  These spaces are open to kids, adults, and entrepreneurs and have a variety of maker equipment including 3D printers, laser cutters, cnc machines, soldering irons and even sewing machines.  A makerspace however doesn’t need to include all of these machines or even any of them to be considered a makerspace.  If you have cardboard, legos and art supplies you’re in business. If you are interested in finding out more about laser cutters though, you could always take a look at someone like Boss Laser. They can provide different types of laser from home use to industrial ones. It might be worthwhile having a look at if you want to make your own makerspace at home as well. It’s more of the maker mindset of creating something out of nothing and exploring your own interests that’s at the core of a makerspace.  These spaces are also helping to prepare those who need the critical 21st century skills in the fields of science, technology, engineering and math (STEM).  They provide hands on learning, help with critical thinking skills and even boost self-confidence.  Some of the skills that are learned in a makerspace pertain to electronics, 3d printing, 3D modeling, coding, robotics and even woodworking,   Makerspaces are also fostering entrepreneurship and are being utilized as incubators and accelerators for business startups.  There have already been some amazing success stories that have come out of makerspaces to date.

Now that you have the birdseye view of a makerspace, lets dig a little deeper.

Makerspaces have been called everything from a FabLab to a Techshop to a hackerspace.   Is there a difference between these names?  Yes and no.  At the core, they are all places for making, collaborating, learning and sharing.  Although these spaces have a lot in common, they are also different in a few ways.

To start with, a FabLab and Techshop are trademarked names for a particular type of makerspace.  They are both generally stocked with similar types of maker equipment like 3D printers, laser cutters, CNC machines, hand tools etc.  One is governed by a corporation (Techshop) and the other a foundation (Fab Foundation) and each have their own specific rules and charters to follow.

Techshop  is a chain of for-profit makerspaces that was started in 2006 in CA.  They bill themself as part prototyping and fabrication studio and part learning center.  Their makerspaces are supported by monthly fees from the maker/members who join.

Fab Labs were started by MIT Professor Neil Gershenfeld at the Center for Bits and Atoms in MITs Media Lab.  A FabLab is a small-scale workshop offering digital fabrication.  They define a FabLab in their own words as “a technical prototyping platform for innovation and invention, providing stimulus for local entrepreneurship.  It is also a platform for learning and innovation: a place to play, to create, to learn, to mentor, to invent.”


Partnership / 10 High-Profile Brand Partnerships
« on: July 02, 2019, 10:38:50 AM »
10 High-Profile Brand Partnerships

1. Apple + Hermes

2. BMW + Montblanc

3. Balmain + H&M
Last fall the French couture label Balmain partnered with H&M to offer runway looks at slightly more real-world prices. Judging by the swift sell-out and accompanying #Balmania hashtag, the collaboration was a major success. Balmain got a much-needed shot of relevancy in the digital age by bringing its ornate styles to a wider audience, promoted by this year’s hottest model, Kendall Jenner. Following in the wake of Target’s successful high end partnerships, H&M expanded its range from fast fashion to high fashion in this much-hyped partnership.

4. EVA Air + Hello Kitty

5. Ford + Hearst

Ford’s branded content partnership with Hearst took “Built Ford Tough” to new levels with over 120 pieces of original editorial content. Running with the slogan “The Code,” this content conveyed a set of skills and tools that every Ford man should possess. Running in Esquire, Popular Mechanics, Road & Track and Car and Driver, the Ford F-150 lifestyle organically reached its target audience with thoughtful content offering practical lifestyle advice.

6. Covergirl + Lucasfilm

As the world geared up for the premier of the seventh Star Wars movie, brands hopped on the bandwagon of George Lucas’ record-breaking space saga with products marketed around the franchise. Covergirl’s Star Wars makeup line is interesting.

7. Burberry + LINE

8. Spotify + Starbucks
9. Ikea + Dreamworks
10. UNICEF + Target[/font]

50 Small Business Ideas Bangladesh Based for 2019

Fashion House
At the present time, the fashion house business is a very suitable business in Bangladesh. Before starting a fashion house business you should do some plan. A perfect business plan is required to start this profitable business in Bangladesh. Like super shop business, the minimum investment is 1000000 (10 Lack) BDT. Location is the key to success in this business. You can also run an online shop too.

Baby and Mother’s Product Business
This is not an easy business looks like. You have to study before the start. The products are very sensitive. Near the hospital, a largely residential area is the perfect location to start this business. It is very profitable small business ideas Bangladesh Based.

Open a Toy Shop
The toy industry is new in Bangladesh. Most of the toys are coming from China. You have to buy them in wholesale from Dhaka and Chittagong where the price is reasonable. Before starting a toy shop in Bangladesh, you have to analysis the market. One thing you have to keep in mind that toys are not for all class of people. So you have to make a perfect business plan for the toy shop. Again, location is important.

Stationery Shops for Students
Let’s introduce another small profitable business idea in Bangladesh. It is a local business idea but very profitable. A stationary shop is the best option while your investment is low. Besides school, college, the university is the perfect location to start.

Fast Food Shop Business in Bangladesh
Ahh! This is one of my most favorite business idea on this list. Most of the young entrepreneurs in Bangladesh are interested in this profitable business. Especially, in the big cities like Dhaka, Chittagong is the place where you can start a fast food shop business. Good service and location is the key to success. I think the minimum investment is around 5 to 7 lack BDT.

Coffee Shop Business
A small coffee shop business is best to own business idea. In Bangladesh, there is a few coffee shops who are only selling coffee. If you want to start your own business for a long time then you can choose this business. Notably, a business plan you have to make was no option to do mistakes. Personally, I know a guy who was unsuccessful in this business due to location. A commercial area, near the park, the shopping mall is a suitable place to start a coffee shop business. Must read: 5 Real Challenges of Starting a Coffee Shop in Bangladesh

Mobile Phone Selling Shop
This would be another opportunity to start own business in Bangladesh. Online advertising or online version of your shop can increase sales.

Small Scale Restaurant Business
The restaurant business is one of the trending business ideas in Bangladesh. But, the main fact is, 80% of the restaurant is losing their investment. On the other hand, less 20% restaurant is making a big amount of profit. So before thinking about this business, you have to make a perfect business plan. You must find out your strength and weakness. In this business ideas list, it is one of the most profitable idea, but also challenging.

Barber or salon shop business in Bangladesh
This is an evergreen business idea while you are doing another business. You can take the salon business as a part-time business also. Creativity, marketing, and good behavior is the key to success in a new salon business in Bangladesh. There are lots of salons are available in a single area. You have to find out why customers will come to your salon. Is there any specialty?

Cosmetics shop for girls
The cosmetics industry is fast growing in Bangladesh rather than any other business. Mainly the girls are the main customers for this business. Almost all the girls are used to by using any cosmetics item. Around 35% to 40% or more can be earned from this business. You can open an online cosmetics shop also to make more sales.

A fixed price shop for men’s products
Fixed price shop is always a profitable business. When you targeted customers all are men then you have to keep all the men’s products. From saving foam to shoes will be your products.

An Ice-cream shop
A good business location, quality of ice-cream, the good decoration is the three principles in this business. Indeed, an ice-cream shop is a profitable business idea.

Start an Aquarium Shop Business in Bangladesh
Generally, your customers are rich enough because they want to buy an aquarium. The quality-full aquarium you have to display. This is a slow business rather than other businesses but still very profitable. Again, the location and services are the keys to success.

Used Products Buy and Sell
This is another low-cost business ideas in Bangladesh as well as in the world too. The business is simple, you will buy used products and make some repair and sell it to another customer. For example, a mobile phone, laptop, computers, TV is the products for this business. Online advertising is the option to buy or sell. A good amount of money can be earned easily if you are a hard worker.

Open a Juice Bar
The juice bar is a profitable idea to start your own business. At the starting time, you need around 7 to 8 lack to start.

Electronic Products Selling Shop Business in Bangladesh
This business is the most trending and lucrative business ideas now in Bangladesh. Like other shop’s business location is the key fact. You can apply for big companies’ dealership and that would be great to start. Read: Best Electronics Based Business Ideas for Bangladesh

Here are the top 10 Farming Business Ideas in Bangladesh to start your own business.
Poultry farming business in Bangladesh for eggs.
If you want to start a farming business then why not poultry farm for eggs production? Layer poultry farming business is one of the old business but profitable too. In fact, one of the most successful business industry in Bangladesh. In recent time, farmers are getting low profit due to poultry feed cost. There is a solution, you have to make one feeds for your hens.  This method will increase your profit.

Broiler Poultry farming business 
Whenever we go to eat for chicken fry the broiler hens are there. It is a profitable business in cities and also countryside area in Bangladesh. If you want to make more profit then you have to make feed for your farm by keeping food quality.

Duck Farming Business in Bangladesh
Duck’s eggs are more demandable then hens eggs. To start a duck farming business you need to have a pond or any free water source. If you have a small pond then you can start is comfortable. Combining fish and duck is a very profitable idea to start a new business Bangladesh.

Dairy farming business in Bangladesh
In the farming business, the dairy farm would be the number one business. This is a long-term business. In fact, you can run your dairy farm as a side business too. Before starting a dairy farm you should make a business plan. You can earn more than 500 BDT from two cows by selling milk. The cattle are the bonus income in the dairy farming business.

Goat Farming Business
Surely, this is a very profitable small business ideas Bangladesh based. It requires less hard work but a good return of profit. The demand for goat’s meats is always high in Bangladesh. Indeed, it would be your next new business.

Fish Farming Business in Bangladesh
This is another lucrative business idea to start your own business in Bangladesh. There is a huge demand for fish in the local and national market. If you want to start a side business, then a fish farming business is a good option. There you don’t need to invest a big amount of money to start.

Fish and Duck in the same place.
Combining duck and fish farming business is a very good business to start in Bangladesh. It will reduce fish feed cost and your business will be profitable. There are lots of people doing this in Bangladesh. Women, young businessman or beginners can be operated with minimum effort.

Vegetable farming business
If you want to start your own business with small capital in Bangladesh then there this is vegetable farming. Every small starting is the steps of big industry. If you can supply your vegetable in a super shop then that would be great. Besides, there is a huge demand for vegetables in the local markets too. So there you don’t need to worry about the selling process.

Start Bee farming business in Bangladesh
Honey is the things that are always a valuable food item. Before starting the commercial bee farm you have to need to get well training. This is a small business where investment is low but the return is good.

Here is some other exclusive profitable small business Bangladesh Based.
Furniture Shop
Today furniture is the most increasing industry in Bangladesh. At the beginning, you need to invest a good amount and then you’ll earn a good return. You can sell your furniture online. Online advertising is a good way to market your furniture.

Mobile Food Cart
Personally, I loved this business. It is another small-scale business opportunity in Bangladesh. Before starting this business try to get permission from your local authority.

Bicycle Shop
In the present time, the bicycle business is most profitable. You can buy it from a company or can sell their bicycle. This business is so good while you are doing another one.

Be an Insurance Agent
Insurance selling business or insurance agent is my most favorite business on this list. Because you will earn money from one sale for up to 15 years. For example, you sold an insurance today, then you will get commission until the maturity of that insurance. This is like tree plantation. I think becoming an insurance agent is the best passive income way in Bangladesh.

Business Plan Writing
To be sure the business plan writing business is very unique in Bangladesh. If you have vast knowledge in every business sector then you can sell your business plan. This is creative ways to make money in Bangladesh but needs hard work.

Provide lunch in the corporate office
Homemade lunch providing in the corporate office is a great small business idea Bangladesh Based. Before starting you have to make the menu and ensure that you can provide good quality foods. Young business mined people, students, women can start this business very comfortably.

Online Shop or E-commerce business
E-commerce business is one of the profitable business ideas but there needs lots of hard work. The main advantage of this business is you can run this business from home also. In Bangladesh there are more than 9000 e-commerce websites and more than 15000 F-commerce pages are doing business.

Make a YouTube Channel earn money from Bangladesh
If you are good in video editing, you can open your own YouTube Channel. Of course, it is a money making project but never use others video. Try to make your own content because YouTube is clever than us.

Social Media Manager
Surely, this is the golden period for Bangladesh online revolution. Many companies are looking for a social media manager. You can start this business without investment. But you need an online advertisement to get customers.

Monetize your website with Google AdSense
If you have a website where you are getting lots of visitors then you can monetarize your site with Google AdSense. Google AdSense is a revenue sharing project where you can earn safe, limitless and secure money by monetizing your website.

Online Newspaper business
This is a short time business idea. You can start with a very little amount of money. The business plan is simple. You will but domain, hosting, provide content, make a viral Facebook page and try to sell all the things.

T-shirt Business
This is an attire that all class people love. T-shirt Business is a low-cost business ideas in Bangladesh. If you have a unique design, know your customers demand then you will succeed.

Small Scale Sports Products Manufacturing Business
Bangladesh is a sports crazy nation. You can start small scale sports products manufacturing business. Like Sports Jersey, Cap, Sports pants, etc.

Leather belt Manufacturing Business
Among all the manufacturing business ideas this is the most profitable business in Bangladesh. In fact, investment is lower than in other manufacturing businesses.

Small Scale Garments Business in Bangladesh
Try to work to fulfill local markets demand. A small-scale Garments is an obviously profitable business but before starting make a business plan. Try to find out your strength and weakness for this business.

Start Photography
Photography is an art. This is not only a hobby. You can earn a lot’s of money as a professional photographer. In Bangladesh, a wedding photographer is in very demand. You can open your business by running a Free Facebook page. Upload Photos of your work so that people can understand your quality. Indeed, it is a profitable small business idea in Bangladesh.

Car Wash Business
In foreign countries, it is a profitable business and Bangladesh too. This is a suitable Business idea for Bangladeshi Students.

Rent wedding dresses
This looks funny but surely you can earn lots of money. Renting wedding dresses is a good option to start while you are doing another business. You can take it as a part-time business also. Make online advertising to do get more customers.

Security Service Company
Many house owners and small companies are looking for a security service. In Bangladesh, there have few companies who are providing these types of business. You can start this business in a very comfortable way.

Artificial Tree and Flower Making Business
Though, this is machine depended business but a very professional business idea. The demand for an artificial tree, flowers are increasing day by day. They are used in-house designing. The startup cost is high but whenever you start no one can stop you.

Invest in IPO
Investing in IPO (Initial Public Offering) business is completely risk-free income source. You can apply for IPO for and if you are lucky then you get good profit by winning IPO Share.

Invest in Secondary Share Market in Bangladesh
In general, Share Market in Bangladesh is two types. One is risk-free but limited earning is called IPO. The next one is the secondary market where have risks but if you are an expert then you can earn a lot of money.


Venture Capital / The changing nature of venture capital
« on: June 27, 2019, 03:03:00 PM »
The changing nature of venture capital

SoftBank and Andreesen Horowitz (a16z) recently announced new funds that reinforce the increasing scale of the venture industry. SoftBank announced its intent to raise a second Vision Fund through a public offering, a first for any venture firm. A16z announced two new funds, an early-stage $750 million fund and a growth-stage $2 billion fund.

A16z is the latest firm to launch a family of funds, four in the past 18 months totaling $3.5 billion, including the earlier announced Bio and Crypto funds. A16z joins GGV, Lightspeed and Sequoia as firms that have raised families of funds that cover specific sectors, stages or countries. In the last 18 months, Sequoia has raised nine funds, with nearly $9 billion committed; Lightspeed four funds for nearly $3 billion; and GGV four funds with $1.8 billion.

These funds and others like them will change the nature of venture capital. Venture is no longer a cottage industry where partners sit around a conference table on Mondays meeting companies and discussing which to support. Venture no longer operates as a collection of individual practitioners like a dental clinic. Venture firms are moving from job shops to scaled organizations with an armada of specialists in human resources, marketing, finance, engineering, legal and investor relations to support their investment and fundraising activity. Once firms with just a few partners, SoftBank, Sequoia and GGV now have teams of hundreds of people working to support continual fund raising, origination and portfolio development in the United States and abroad.

    Funding startups is an inherently local business.

Investment banking and private equity firms provide a road map for how the venture capital may develop. The leading investment banks and private equity firms were closely held partnerships for many decades, before increasing capital intensity required a change of corporate structure. Founded in 1914, Merrill Lynch, a securities brokerage firm, was considered an interloper in the cloistered investment banking world. But as more capital entered public securities markets, securities trading houses such as Merrill Lynch encroached on Goldman Sachs, Morgan Stanley, Lehman and Kuhn Loeb, which then dominated highly profitable investment banking.

A wave of consolidation followed as partnerships gave way to full-service investment banks armed with capital to backstop their lucrative mergers and acquisition and financing practices. Founded in 1854, Lehman acquired Kuhn Loeb in 1977, which was then acquired by American Express in 1984, combining Lehman’s banking practice with Shearson’s brokerage business. The last bulge bracket investment banking partnerships Morgan Stanley and Goldman Sachs went public in 1993 and 1999, respectively.

Private equity firms soon followed. Like investment banks, partnerships prevailed in private equity. But as their appetite for capital grew to finance ever-larger acquisitions, private equity tapped the public markets for larger, more stable capital. Today, the five largest private equity firms are all public. Apollo Global Management, a PE firm now with $250 billion under management, went public in 2004. Blackstone, the largest PE firm, with $470 billion under management, followed with an IPO in 2007. Carlyle, KKR and Ares soon followed with public offerings.

Venture capital has been insulated from the capital intensity that fueled consolidation of the investment banking and private equity industries. Funding startups is an inherently local business. Technology innovation has historically been capital-efficient as early technology leaders such as Microsoft and Oracle went public after raising less than $20 million in private funding. And venture is a risky, volatile business, where profits vary substantially, failure rate is high and returns are highly cyclical.

    Innovation is costlier as entrepreneurs and investors seek to disrupt rather than enable industries.

But like the investment banking and private equity industries, venture capital is becoming more capital-intensive. Innovation is costlier as entrepreneurs and investors seek to disrupt rather than enable industries.  Startups require more capital to achieve escape velocity with the ever-present, growing threat from technology incumbents. Startups are moving into new industries competing with larger incumbents. And “lean startups” that rely more on company-building services offered by their investors are not “lean” for venture firms that must build out service capacity in talent acquisition, sales, product marketing and finance to accelerate venture growth. Today, staff devoted to supporting startup development often exceeds investment professionals in large venture firms.

The venture industry is highly fragmented, with more than 200 venture firms in Silicon Valley alone. Hundreds of venture firms are starting in cities and countries that were previously considered deserts for technology innovation. The venture industry is likely to consolidate significantly in the next decade as funding confers greater advantage to large venture investors.

A few boutique investment banks and private equity firms have withstood the scale and capital advantages of bulge bracket firms. Similarly, seed and early-stage venture firms will resist SoftBank-style institutionalization. Venture firms with expertise in specific technologies, industry sectors or geographic markets will still produce superior returns. However, capital intensity is rising. The venture industry will ultimately be dominated by a few global venture firms supported by independent seed and early-stage funds with proprietary access to high-potential startups.


Bill Gates Claims His 'Greatest Mistake' Was Not Beating Android

Bill Gates has spoken candidly about his regrets as the leader of Microsoft, most particularly the company's attempts to build a dominant mobile OS. As reported by The Verge, during an interview at venture capital firm Village Global, Gates said "the greatest mistake ever is whatever mismanagement I engaged in that caused Microsoft not to be what Android is."

When the first Android handset came along in 2008, Google's mobile platform became an open alternative to the iPhone, which was released in 2007. Microsoft tried, but ultimately failed, to adapt to the competition.

As Microsoft was the dominant force in desktop software at the time, it should have meant that the company would be a big player in mobile as well. Microsoft did have a phone platform, Windows Mobile, but it was centered on keyboard and stylus input. By the time the touch-friendly Windows Phone 7 launched in 2010, it was too late for Microsoft to gain traction. It limped along with low market share for years, until Microsoft ended support for the OS in 2017. It will end support for Windows Phone's successor, Windows 10 Mobile, later this year.

"Android is the standard non-Apple phone platform," Gates later noted in the interview (embedded above). "That was a natural thing for Microsoft to win. It really is winner take all. If you're there with half as many apps or 90 percent as many apps, you're on your way to complete doom. There's room for exactly one."

This wasn't Gates' fault personally, as he stepped down from his role as CEO in 2000. He continued as a part-time chairman and chief software architect for over a decade but left these roles to pursue philanthropic work.

The CEO of Microsoft at the time, Steve Ballmer, famously laughed at the iPhone for being too expensive. Many of Microsoft's mobile failings, including its partnership with Nokia, have been pinned on him.

Still, it's clear that Gates feels regret over the failure of Microsoft to capture the mobile market. "There's room for exactly one non-Apple operating system," he said, and pointed out that this alternative operating system was worth the equivalent of $400 billion.

Innovation Hub / US Business Culture
« on: June 23, 2019, 05:19:03 PM »
US Business Culture

Have you succeeded in finding a new job in the United States? Congratulations! Before you embark on your expat career, though, you should learn more about work culture in the US. Our guide provides a handy overview of etiquette, e.g. introductions, business lunch, meetings, working hours, time management, and more.
Also in this article:

    Office Etiquette for Expats in the US

Some familiarity with US business culture and etiquette is the key to a successful career in the USA!

Generally speaking, you should beware of overgeneralizations concerning a country’s culture, especially if the country is as large and diverse as the United States. However, there are some traits that pop up in descriptions of US business culture again and again:

    openness to innovation and change

These values influence etiquette and behavior in the workplace, as you will see in this introduction to American work culture.
Meet and Greet

When you meet your future employers, co-workers, or business contacts for the first time, it is obviously time for introductions. A firm handshake and friendly smile are appropriate in a corporate setting, regardless of the other person’s gender, age, or seniority in the company.

You should respect a "bubble" of personal space of two or three feet. However, while encroaching on other people’s space or casual touching, like hugs, is out of place in the office, maintaining eye contact while talking is a must. This applies even if it might not be respectful in some other cultures.

The lack of formality is also noticeable when it comes to names and titles. Calling everyone by their first name is standard in most American companies. Regarding your boss, you might err on the side of caution and initially address them as "Mr. Smith", "Dr. Tyler", or "Ms. Jones". But they usually do just the same as your co-workers, asking you to use their given name immediately. Don’t ignore such requests; it might be interpreted as distance or dislike.

If you aren’t officially introduced to everyone, it’s due to an oversight or a fairly casual atmosphere, rather than a lack of courtesy. Simply take a moment to stand up and introduce yourself with your full name and job position. If business cards are exchanged, people will do this very casually.

In case you need to introduce other people (e.g. during a meeting or business trip), note that a less important person is introduced to the more senior or higher-ranking one first, not the other way round. Don’t forget to add a few details about whomever you’re introducing, like job title, area of responsibility, or some personal information, like where they are from.
Small Talk

Once you start making small talk, you should come across as personable, social, and positive. In the United States, it is considered good manners to "put on your happy face". If someone asks you, "how are you?", the expected answer is "fine, and how about you?" It’s mostly a rhetorical question, and definitely not an invitation to discuss your digestive problems or marital crisis in public.

Similarly, the suggestion "let’s do lunch some time" when saying goodbye is frequently an empty courtesy. If you’re planning on staying in touch, you should rather follow up and make specific arrangements.

Good small talk topics include hobbies and leisure, tips concerning local arts and entertainment, or dining and nightlife, and popular US sports teams. If you already know a little about someone’s personal life or family status, you can enquire after people’s spouse, partner, kids, or relatives.

Politics and religion should be kept out of the workplace, especially controversial issues, like abortion, capital punishment, or gun control. In general, social pleasantries keep things smooth among those working together, but they aren’t necessarily a sign of close friendship.
Communication Style

In general, the dominant style of communication in US business culture is friendly and to the point. "Yes", "no", and "maybe" normally mean just that; you don’t have to read a lot between the lines.

You are expected to express yourself politely, but clearly, and it is assumed that you will ask directly if there is something you don’t know or understand. Be prepared to be generous with your compliments, though, and to word criticism carefully.

On the one hand, you should get to the point soon and not talk around the issue. In meetings, for example, "getting down to business" is paramount. There’s normally a clear agenda and defined goals.

On the other hand, you need to avoid being considered as overly negative or rude in your conversations. Too much bluntness appears unprofessional, and so do big emotional displays in a public setting, especially if you voice negative feelings like disappointment or anger.
Dress for Success

Don’t forget about the dress code to make a good first impression! The key is to "sell yourself" to your new employer and other employees. Your appearance is part of that.

However, dress codes vary widely among regions and fields of employment in the United States. A Wall Street broker will wear a smart suit and shirt to work, while start-up employees in Silicon Valley might show up in shorts and t-shirt during office hours.

As a rule of thumb, be slightly overdressed rather than underdressed for your job interview, an initial meeting, or your first day at work. When you choose among conservative, smart casual, and casual clothing, always go for one of the first two options, depending on how traditional the company in question is. If your duties involve personal contact with customers or clients, more formal attire is often expected.

For instance, if you schedule an appointment for a potential cooperation in finance and insurance, the most conservative choice should be your first bet: dark suit, tie, and dress shoes for men, or an understated blazer, blouse, and skirt, as well as pantyhose and pumps, for women.

But if you are invited to a job interview in the creative industry, a "smart casual" outfit with a polo shirt and khaki pants for male applicants and nice slacks and a fashionable top for female candidates will go a long way. Just leave jeans, hoodies, and sneakers at home for the time being!

Once you know the environment better, you may dress down, if appropriate. Even American offices with a formal business culture often have "Casual Friday" when you are allowed to wear a more relaxed outfit. If you’re still not sure how to present yourself, your colleagues will be happy to help.


We do our best to keep this article up to date. However, we cannot guarantee that the information provided is always current or complete.


বিনিয়োগ কমবে, টাকা যাবে বিদেশে

এবারের বাজেটে বিদেশি বিনিয়োগের ওপরও করারোপ করা হয়েছে। ২০১৯-২০ অর্থবছরের প্রস্তাবিত বাজেটে শেয়ারবাজারে তালিকাভুক্ত কোম্পানির রিটেইনড আর্নিংস বা রিজার্ভের ওপর যে কর প্রস্তাব করা হয়েছে, এটি সরাসরি বিদেশি বিনিয়োগের ওপর নেতিবাচক প্রভাব ফেলবে বলে মনে করছেন এ দেশে কার্যক্রম পরিচালনাকারী বহুজাতিক কোম্পানির শীর্ষ নির্বাহীরা।

বাংলাদেশ ব্যাংকের তথ্য অনুযায়ী ২০১৮ সালে দেশে ৩৬১ কোটি মার্কিন ডলার বা সাড়ে ৩০ হাজার কোটি টাকার বিদেশি বিনিয়োগ এসেছে। তার মধ্যে মূলধন বিনিয়োগের পরিমাণ ১১২ কোটি ডলার। আর পুনর্বিনিয়োগের পরিমাণ ১৩১ কোটি ডলারের। বহুজাতিক কোম্পানির নির্বাহীরা বলছেন, পুনর্বিনিয়োগের প্রায় পুরোটাই করা হয়েছে কোম্পানির রিজার্ভ বা রিটেইনড আর্নিংস থেকে। এখন রিটেইনড আর্নিংসের ওপর কর দিতে হলে পুনর্বিনিয়োগ কমে যাবে। তাঁরা আরও বলছেন, এ কর এড়াতে অনেক বিদেশি প্রতিষ্ঠান রিজার্ভের অর্থ শেয়ারধারীদের লভ্যাংশ হিসেবে দিতে পারে। তাতে লভ্যাংশের বড় একটি অংশ দেশ থেকে বাইরে চলে যাবে। এতে দেখা যাবে, যে পরিমাণ বিদেশি বিনিয়োগ দেশে এসেছে, তার চেয়ে অনেক বেশি বৈধ পথে বিদেশে চলে যাবে।

বেশি রিজার্ভে বেশি কর
বিদেশি বিনিয়োগের বড় অংশই আসে রিজার্ভ থেকে পুনর্বিনিয়োগের মাধ্যমে
করারোপের কারণে তা লভ্যাংশ হিসেবে বিদেশে চলে যেতে পারে

বর্তমানে দেশের শেয়ারবাজারে তালিকাভুক্ত বহুজাতিক কোম্পানি রয়েছে ১২টি। এগুলো হলো গ্রামীণফোন, বার্জার বাংলাদেশ, ব্রিটিশ আমেরিকান টোব্যাকো, সিঙ্গার বিডি, রেকিট বেনকাইজার, লাফার্জহোলসিম, ম্যারিকো, আরএকে সিরামিক, গ্ল্যাক্সোস্মিথক্লাইন, লিনডে বিডি, বাটা শু এবং হাইডেলবার্গ সিমেন্ট। এসব কোম্পানির সিংহভাগ মালিকানাই রয়েছে বিদেশিদের হাতে। তাতে প্রতিবছর কোম্পানিগুলো যে লভ্যাংশ ঘোষণা করে, তার সিংহভাগই চলে যায় বিদেশে। বিদেশি মালিকদের কাছে সহজে মুনাফা দিতে এমনিতেই কোম্পানিগুলো নগদ লভ্যাংশ দিয়ে থাকে। আবার বছর বছর মুনাফার একটি অংশ কোম্পানিগুলো রেখে দেয় পুনর্বিনিয়োগের জন্য, যাতে ব্যবসা সম্প্রসারণে উদ্যোক্তাদের নতুন করে অর্থ বিনিয়োগ করতে না হয়। তাই বহুজাতিক কোম্পানিগুলোর বেশির ভাগের রিজার্ভ পরিশোধিত মূলধনের চেয়ে ২ থেকে ৩০ গুণ পর্যন্ত বেশি।

বাজেট প্রস্তাবে বলা হয়েছে, তালিকাভুক্ত কোম্পানির রিটেইনড আর্নিংস, রিজার্ভ ইত্যাদির সমষ্টি যদি সংশ্লিষ্ট কোম্পানির পরিশোধিত মূলধনের ৫০ শতাংশের বেশি হয়, তাহলে যতটুকু বেশি হবে, তার ওপর সংশ্লিষ্ট কোম্পানিকে ১৫ শতাংশ বাড়তি কর দিতে হবে। এ ছাড়া কোনো কোম্পানি বোনাস লভ্যাংশ দিলে তাকে ঘোষিত লভ্যাংশের ওপর ১৫ শতাংশ কর দিতে হবে।

উদ্যোক্তারা বলছেন, এটি কার্যকর হলে কোম্পানিগুলো একদিকে যেমন দ্বৈত করের চাপে পড়বে, অন্যদিকে ব্যবসা সম্প্রসারণ ব্যাহত হবে। পুঁজিবাজারের জন্য প্রণোদনা হিসেবে এ দুটি করারোপের প্রস্তাব করা হলেও সংশ্লিষ্ট ব্যক্তিরা বলছেন, আদতে এটি প্রণোদনা নয়, একধরনের শাস্তি। এর পরিবর্তে কোম্পানিগুলোকে নগদ লভ্যাংশ ঘোষণায় উৎসাহিত করতে কর ছাড়ের বিধান করা যেত। কিন্তু কর ছাড়ের বিধান না করে যাঁরা বোনাস ও রিজার্ভের ওপর কর প্রস্তাব করেছেন, তাঁরা এর বাস্তব প্রভাব কী হতে পারে, তার মূল্যায়ন করেননি।

ফরেন ইনভেস্টরস চেম্বার অব কমার্স অ্যান্ড ইন্ডাস্ট্রিজের (ফিকি) সভাপতি ও ব্রিটিশ আমেরিকান টোব্যাকোর ব্যবস্থাপনা পরিচালক শেহজাদ মুনিম প্রথম আলোকে বলেন, সরকার বাজেটে শেয়ারবাজারে তালিকাভুক্ত কোম্পানির রিজার্ভের ওপর করারোপের যে প্রস্তাব করেছে, সেটি সরাসরি বিদেশি বিনিয়োগের ওপর করারোপের শামিল। কারণ, বর্তমানে বাংলাদেশে যে বিদেশি বিনিয়োগ আসছে, তার বড় অংশ আসছে পুনর্বিনিয়োগ হিসেবে। তিনি আরও বলেন, এটি কার্যকর হলে রিজার্ভের বড় অংশ থেকে নগদ লভ্যাংশ ঘোষণা করে দিতে পারে কোম্পানিগুলো। সে ক্ষেত্রে বিপুল পরিমাণ অর্থ লভ্যাংশ হিসেবে বিদেশে চলে যাবে। তাতে বছর শেষে হিসাব করলে দেখা যাবে, যে পরিমাণ বিদেশি বিনিয়োগ দেশে এসেছে, তার চেয়ে বেশি লভ্যাংশ হিসেবে বিদেশে চলে গেছে।


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