Business
How to Be a Data Analyst from CSE or Non-CSE Backgrounds?
Data Analyst is one of the most prospective in-demand career options for 2022 and beyond. People from CSE and other backgrounds are choosing career options related to Big Data for sustainable futures. Stay with us to know the significance of Data Analytics and what the Data Analysts do. We will also highlight the steps to start a career as a Data Analyst.
What Does a Data Analyst Do?
In recent years businesses across all sectors have made significant investments in big data, establishing analytics departments – particularly in telecommunications, insurance, advertising, financial services, healthcare, and technology. That rise is to continue for the foreseeable future, as businesses that have lagged behind in adopting big data analytics – such as education, government, and manufacturing – have committed to increasing their activities of big data analytics in the future.
Read: Delivering Successful Business Presentation: What are the Ways and Secrets?
Businesses gather data on every aspect of their operations and expenses, including operating expenditures, sales data, inventory and supply chain data, and much more. However, once they receive the data, they must translate it into information that can be used to drive their decision-making.
Data analysts transform customer, product, performance, and cost data into actionable insights that may be used to inform strategic decision-making. They may assist organizations in strategizing product creation and predicting which audiences will be the most receptive, for example.
To succeed as a Data Analyst, you must possess critical data analysis abilities and the ability to mine massive data sets for insights.
Read $1 Salary Club: Why do CEOs take a one-dollar annual salary?
Is It Possible to Be a Data Analyst from Non-CSE Background?
It is often considered that pursuing a career in data science requires a formal background in computer science. Data scientists' definitions and job descriptions differ per firm. However, it is self-evident that a data scientist should be able to manage enormous amounts of unstructured data and derive insights.
According to studies, data scientists come from a varied range of backgrounds. Sixty-seven percent of data scientists do not have a background in computer science. They come from a variety of areas, including sociology, math, statistics, commerce, fine arts, and humanities.
Read: How to Become a Programmer: An Ultimate Guide
Step by Step Guideline to Be A Data Analyst?
Data Analytics Fundamental
The first step should be to learn the fundamentals of data analysis as well as data analysis tools like advanced Microsoft Excel; several programming languages such as SQL, Python, and R; Spark and Hadoop for numeric; and Tableau, Matplotlib, or ggplot2 for creating unique visual representations that bring data to life.
Data analysis courses can be an excellent method to master these core data skills, providing you with a solid foundation on all of these platforms as well as hands-on expertise with data management, analytical programming, programming languages, data cleansing, data visualization, and more.
Read Wrong Career Path: Signs and What to Do?
Work on Real Projects
To be a Data Analyst, you'll need to learn the fundamental tools used by Data Analysts. After that, you may start putting your knowledge to use. Successful Data Analysts will need to stay current on the newest and best data analysis tools.
They will need to be familiar with one or more of the top data analysis systems, such as Google Analytics and Adobe Analytics.
Create practice projects that cover all aspects of data analysis, including investigating organizations and market prospects, determining the specifications of the data you need to acquire, acquiring and cleaning that data, and modeling it using custom-built algorithms.
Read Personal Branding: How to Brand Yourself the Right Way
Finally, make attractive visualizations of the insights you've gained from your work, or try putting them into a dashboard that enables people to query and interact with your information in a user-friendly manner.
Practice Visualization Presenting Them
To become a professional Data Analyst, you should begin by learning how to use applications such as Tableau, PowerBI, Bokeh, Plotly, or Infogram. Build your own visualizations from the ground up, figuring out the best method to let the data speak for itself.
Even during this phase, Excel comes into play: although the fundamental idea of spreadsheets is simple – creating calculations or graphs by connecting the information in their columns – Excel has remained very helpful after more than 30 years and is nearly inevitable in the area of data science.
Read: Future Resume: How to Project Yourself 5 or 10 Years from Now
However, producing visualizations is just the beginning. Data analysts must also be able to convey their results using these representations. These communication skills may come easily to you, but if not, practice will help you improve. If necessary, begin small, presenting presentations to a single acquaintance, for example, before progressing to coworkers.
Develop a Portfolio
Choosing how to exhibit your data analysis abilities and expertise is one of the most crucial tasks to consider while determining how to become a Data Analyst. A professional portfolio is required, and to begin, you should post the code you've developed on GitHub to demonstrate your expertise and begin developing your professional portfolio.
Joining an online data science community like Kaggle is another wonderful opportunity to demonstrate your involvement with the community, show your skills as an aspiring Data Analyst, and continue to expand both your experience and your outreach.
Read Reciprocity Ring: How can it improve an organization and individual career?
Finally, completing a well-executed project on your own might be an excellent method to exhibit your data analysis skills and impress prospective hiring managers. Choose anything that piques your curiosity, pose a question about it, then attempt to answer it using facts. Document your trip and present your findings—beautifully visualized—along with a comprehensive description of your method, emphasizing your technical abilities and creativity.
Apply to Relevant Job
With data expertise, you may gain a broad range of Data Analyst employment. All of the following positions, which might be entry-level or more senior data roles, rely significantly on data analytics.
There are plenty of additional versions available—new uses for data analytics are always being created, and even the positions mentioned here will vary as data analysis becomes more common.
Read Paid vs Unpaid Internship: Pros and Cons
According to consulting company Mckinsey & Co., such a highly dynamic area implies demand may surpass the predicted supply of data specialists by 50 or 60 percent, making Data Analyst roles even more difficult to fill. All of this is to imply that if you have Data Analyst abilities, you're already in a good position to pursue a Data Analyst profession.
Conclusion
That brings us to the end of our instruction on how to become a data analyst. You now have a clear, step-by-step strategy to obtain the essential abilities and break into the field.
You can definitely acquire the principles of data analytics in six months if you spend 15 to 20 hours per week studying via an organized program, such as a Bootcamp. A degree in data analysis or a similar profession will take roughly four years to complete. It might also take considerably longer if you attempt to study on your own and compile your own materials.
Read Poor Job Satisfaction: 10 Sure-fire Signs for Career Change
Effective Social Media Etiquette Rules for Brands and Business Owners
Personal etiquettes are some of the most efficacious traits in humans. Everyone loves a well-mannered, well-behaved person. Tying personal etiquette in a social scenario is another glaring trait that immediately makes a good impression. But in this ever-dynamic world, just personal or social etiquette isn't enough. As we interact with all sorts of different people through the internet, it became irrevocably important to maintain the said etiquette on social media platforms as well. Here are some important social media etiquettes to make positive impressions in every sphere.
What are Social Media Etiquettes?
Social media etiquettes are a set of unsaid rules that a person should follow that are representative of social norms and being humane. Traits like benevolence, sincerity, care, and respect aren’t something that a person is born with. Rather different social institutions starting from the family help to incorporate these values which reflect and make up the social etiquette.
These same etiquettes from real life also need to be reflected on online behavior. The connected nature of today’s world means more communication happens through digital channels than face to face. Following a set of precedence and rules definitely helps to make a positive impression, be it on personal interactions or brand image.
Read Personal Branding: How to Brand Yourself the Right Way
9 Essential Social Media Etiquette Tips for Business Accounts
Understand the Atmosphere
Everything follows a distinct time and place in social life. Similarly, there are atmospheric differences in social media. Be it about the people you interact with or the target client base of a service or product. It is important to assess what works with whom and when.
For example, understand the economic and social demography of the associating and prospective client. Cater posts and engagements centering their ideas so that it becomes easier to relate with the brand or product. The key here is to be relatable and likable to build the ultimate partnership.
Read Future Resume: How to Project Yourself 5 or 10 Years from Now
Avoid Automation in Certain Cases
In recent times, chatbots have become very popular as a means of communication automation. A client might knock on a business and they are taken through steps of self-navigation by chatbots. While this is certainly efficient, it is leaving a frustrating image for the prospective client. Why?
Simply because there is a lack of human interaction. A one-to-one conversation helps to better propagate the brand image as well as answer personal queries which a preprogrammed chatbot simply can’t do.
Engage at the Earliest
We all love efficiency, especially when at the receiving end of any product or service. As a social media etiquette, brands and businesses need to understand that prospective clients will knock when they want to know something or are simply curious. It's important to engage the customer at the earliest before the interest wanes.
Read Simon Sinek’s Golden Circle: Concept, Significance, Practice, Examples
Sure enough, it is not always possible to answer everyone right away. Try to delegate the tasks or set up a different team just for answering customer queries.
Respect the Competition
Remember the time when a popular Bangladeshi burger joint, Chillox wrote a heartfelt friendship day wish to their competitor Mad chef? The post became an instant hit and the social media was buzzing with the sweet banter between the two competing brands. It worked because the banter wasn’t about throwing dirt. Rather a fun engagement for the customer of both the brands all the while maintaining respect and acknowledging each other as a popular food place.
This is another key aspect, always make sure that you as a brand aren’t undermining the competition as it will only downgrade the image of your own business.
Read $1 Salary Club: Why do CEOs take a one-dollar annual salary?
Separate Engagements
Many people who are starting out in a business often tend to manage business profiles and personal profiles from the same device. This often leads to miscommunication, cross-posting, and other embarrassing affairs.
It's highly recommended to separate the business profile from the personal one. The best approach would be to use a different device altogether.
Keep the Followings Relevant
A common social media tactic to increase followers is through going on a following spree. These types of tactics work for a short while but in the long run, it does more harm than benefit.
Read Neuromarketing: How brands psychologically manipulate the consumers
Firstly, it doesn’t add any value to the stream the business might be following. It will clog up the homepage with all sorts of random things that are not relevant to the business whatsoever. Secondly, prospective clients might second guess a business if its followings are all over the place.
Being Straightforward
Hashtags are a handy little way of getting more reach and engagement on different posts. But sometimes businesses tend to go overboard with the hashtags. You will find all sorts of different tags that aren’t directly relevant to the product or the service yet they are attached on a scheduled basis. It not only looks odd but also makes the caption clumsy.
Avoid using too many hashtags and preferably limit to 2 to 3 per post.
Read Delivering Successful Business Presentation: What are the Ways and Secrets?
Reign in the Humor
Humor is a great way of engaging prospective clients on social media platforms. A funny video or a cheeky post is sure to get the attention of the customer and something that will get them talking and tagging. But one thing to keep in mind is that the line between humor and indecency is very thin. And businesses often inadvertently end up crossing that line which often backfires resulting in lost image and revenue.
Make sure to be funny in a way that is universally accepted without targeting anything specifically.
Be Honest
This is the last and most universal of all etiquettes – just be honest. Whether it’s a product or a service, there might be limitations or shortcomings. Never fear to mention them. Be honest about the flaws and accept them. If you point out the drawback of the product yourself, more often than not, the client will stick on for honesty.
Read B’Yeah: Shaping up the Youth Entrepreneurship Prospects in Bangladesh
Final Words
It’s difficult to summarize the little things and etiquettes in a short article. In reality, social media etiquette rules for business are somewhat representative and similar to the existing social etiquettes and best practices. As a brand practitioner, it is on you to make headway through poise and grace.
'Officers' Club members embrace Nagad at Eid Ananda Mela'
Many Officers' Club Dhaka members opened Nagad accounts during the four-day "Eid Ananda Mela" held in the capital, said the mobile financial service provider.
All members of the Women's Committee of Officers' Club, led by former information secretary and President of the committee Begum Kamrun Nahar, and General Secretary and Principal of Government Bangla College Professor Ferdousi Khan registered Nagad accounts.
On the last day of the fair Sunday, Kamrun Nahar said: "We are paying close attention to Nagad as it is a government service. The members of the club embraced it and I also opened a Nagad account."
READ: E-commerce platform Nagad Mela launched
The Officers' Club hosts Eid Ananda Mela twice a year to promote small and medium entrepreneurs.
Around 30 enterprises from across the country participated in this year's fair.
Ferdousi Khan said the Officers' Club hosts such fairs to support entrepreneurs who do not have their own shops. "We observed that Nagad's digital payment technology has made transactions simple for them."
Read Eid: Nagad offers up to 35% cashback, discount on shopping
BB fixes 7 pc interest rates on deposit, 11 pc in lending for NBFIs
Bangladesh Bank has fixed the interest rate at minimum 7 per cent on deposits and maximum 11 per cent in lending for non-bank financial institutions (NBFIs) like banks.
The central bank issued a notification on Monday in this regard and sent to the top executives of all the NBFIs asking them to effect the instruction from July 1, 2022.
The BB notification stated that some NBFIs are providing higher interest rates on deposits along with charging higher interest rates on lending, which is not investment friendly at all.
Also read: BB to fix interest rates for NBFIs too
“To bring an unified system for NBFIS in deposit collection and lending the central bank set a rational interest system to minimize the cost of fund as well investment,’ the BB notification said.
The interest rate/profit will be effective on the deposit and lease or lending since the execution date of the instruction while the interest / profit on earlier collected deposit will be as per the condition. The new rate of interest/ profit will be effective after end of its tenure.
Also read: Contactless payment service to be available for debit, prepaid card users: BB
NRBC Bank, OXFAM, Bangladesh sign deal to enhance microcredit
NRBC Bank and OXFAM, Bangladesh will work together for welfare of the marginal people through micro credit, creating cashless village facility and online marketplace for small entrepreneurs.
NRBC Bank and OXFAM signed a memorandum of understanding (MoU) in this regard on Monday.
Golam Awlia, Managing Director and CEO of NRBC Bank and Ashish Damle, Country Director, OXFAM, Bangladesh signed the MoU on behalf of their respective sides.
Also read: WFP, Oxfam, Green Delta Insurance join hands to protect labourers
The objective of the project is to alleviate poverty and injustice and create scope for them up with fourth industrial revelation by ensuring their access to financial and technological ecosystems.
Kazi Md. Talha, Additional Managing Director, Kabir Ahmed, DMD, Harunur Rashid, CFO, Kazi Safayet Kabir, Head of FI, Mohammad Soeb Iftekhar, head of economic inclusion & Justice, Sonia Tahera Kabir, business development manager of OXFAM, Bangladesh were among others, present at the function.
Also read: ACC signs MoU with Oxfam to strengthen anti-graft activities
Deal signed with World Bank for $250 million towards post-pandemic recovery
Dhaka, April 18 (UNB)-The World Bank provides USD $ 250 million for the recovery and resilience of the economy from the adverse impact of Covid-19 pandemic.
A loan agreement of $250 million signed on Monday between the Economic Relation Division (ERD) and World Bank under the ‘Bangladesh-First Recovery and Resilience Development Policy Credit (DPCI)’.
ERD Secretary Fatima Yasmin and Mohammad Anis, acting country director of the World Bank in Bnagladesh signed the loan agreement on behalf of their respective sides.
In response to the adverse effects of Covid-19, the government has provided stimulus incentives to economically affected industries, agriculture sector and export-oriented Industries and to ensure food security, the government extended the social safety net programs and employment creation.
Also read: World Bank projects developing East Asia Pacific to grow 5 pct in 2022
The WB has agreed to provide $250 million as Budget Support, titled `Bangladesh-First Recovery and Resilience Development Policy Credit (DPC1)', which will play a key role in sustaining the post Covid-19 economic recovery and development momentum.
The DPC series will provide $500 million in two consecutive Fiscal Years 2021-22 and 2022-23. The remaining objectives of the DPC are to assist Bangladesh in its efforts to implement budget stimulus for the subsequent recovery of Covid-19 and to enhance resilience to future shocks.
The interest rate of the above-mentioned loan is 1.25 percent, and the service charge at the rate of 0.75 percent, and this loan has to be repaid in 30 years with a grace period of 5 years.
Also read: World Bank okays $358 million fund to improve road safety in Bangladesh
Manufacturing of hydro-accumulators of Rooppur NPP underway
Installation of internals into half bodies hydro-accumulators for unit-2 of Rooppur Nuclear Power Plant has begun in Petrozavodsk Branch of AEM-Technologies in Russia.According to a press release of Rosatom, the Russian contractor of the Rooppur NPP, the half bodies were also manufactured in the same facility. These accumulators are part of passive core flooding system (PCFS).Eight hydro-accumulators are to be installed in each unit of the plant.
Read: Despite surplus electricity, contracts of 10 rental power plants extended in four monthsEach hydro-accumulator has a capacity of 120 cubic meters is made of stainless steel. It has three shells and two heads.
Ladders and maintenance platforms as well as other internals are installed into the body.PCFS refers to the second level of NPP passive safety systems.It is intended for removal of the residual heat of the coolant in reactor’s primary circuit.
Read Rooppur NPP: Installation of outer containment dome at unit-1 in OctoberAn aqueous boric acid solution heated to a temperature of approximately 60 degrees Celsius is stored inside the hydro- accumulators during operation of the plant.If the pressure in the primary circuit falls below a certain level due to some accident, the fluid automatically flows into the reactor and the active core is cooled down.Rooppur NPP is being designed and constructed under a Russian project.
Read Belarus national found dead at Rooppur Nuke Plant areaThe Engineering Division of Rosatom State Corporation is responsible for design and construction of the facility.The plant will consist of two power units with VVER-type reactors which life cycle is 60 years with a possibility to extend the life cycle by another 20 years.
The capacity of each unit will be 1200 MW. AEM-Technologies is manufacturing the major equipment of the reactor hall for two power units.
Read: Mild heat wave sweeps over four districtsAccording to Bangladesh Atomic Energy Commission, the implementing authority of the RNPP, the first unit of the power plant was scheduled to start operation in 2022 and second one in 2024.But recently the first unit’s operation of Rooppur Nuclear Power Plant was rescheduled to 2024 and second unit to 2025.
SANEM publishes latest findings from study on garment workers
January of this year was the busiest month for garment workers in Bangladesh since the beginning of the COVID-19 pandemic.
Workers spent 295 hours on average in the factory during the 27 working days in January, which is higher than usual.
This was revealed in a research of South Asian Network on Economic Modelling (SANEM), in collaboration with USA-based non-profit organization, Microfinance Opportunities (MFO), on the quality of life of garment workers in Bangladesh.
Also read: Inflation rate is double than the BBS data, says SANEM in a report
Around 1,300 selected garment workers are surveyed every week since April 2020 under the project “Garment Worker Diaries”.
These workers are employed in factories spread across the five main industrial areas of Bangladesh (Chittagong, Dhaka City, Gazipur, Narayanganj, and Savar).
Three-quarters of the survey respondents are women, which roughly represents the composition of labour force in the RMG sector as a whole. This press release has been prepared from the survey data collected in January and February of 2022.
Also read: Female labour force participation lagging in Bangladesh: SANEM webinar
Excluding the one-hour lunch break, the workers worked 268 hours on average in January.
Female workers worked 267 hours on average, while male workers worked 270 hours, excluding the one-hour lunch break.
In the 24 working days of February, the workers spent 259 hours on average in the factory. Workers worked 235 hours on an average in February, excluding the one-hour lunch break.
Read Duchess of Cambridge Kate Middleton wears garment made in Bangladesh
Among them, female workers worked 234 hours on an average and male workers worked 235 hours on an average.
In both January and February, half of the surveyed workers worked more than the legally allowed 10 hours, which accounts 8 regular hours and 2 overtime hours.
For the work in December, female workers got a salary of Tk 12,000 on average in January, while male workers got salary of Tk 12,500 on average.
Read BGMEA urges BEZA to expedite garment village construction at Mirsarai
For the work in January, female workers got salary of Tk 12,000 on average in February, the same as in January.
Male workers got a salary of Tk 13,000 on average, a Tk 500 increase over the January amount.
In February, 54 percent of workers were paid through mobile financial services (bKash, Nagad, Rocket, etc.) and 46 percent were paid in cash.
Read Embrace employees with disabilities, garment industry urged
About 20 percent of the garment workers reported that at least one member of their household was ill during February.
This illness rate was 26 percent in January.
DBH: Shareholders approve 25% dividend, propose for name change
The shareholders of Delta Brac Housing Finance Corporation Ltd. (DBH) unanimously approved a 25% dividend (15% cash & 10% Stock) for the year ending December 31 last year as proposed by the Board of Directors, says a press release.
The shareholders also approved two special resolutions for changing its name from ‘Delta Brac Housing Finance Corporation Ltd.’ to ‘DBH Finance PLC’ and increasing its authorized capital from Tk. 200 crore to Tk. 400 crore.
Also read:B’Yeah: Shaping up the Youth Entrepreneurship Prospects in Bangladesh
The approvals were given at the 26th annual general meeting (AGM) of the company held on Sunday by using a digital platform with its Chairman, Nasir A Choudhury in the chair.
In the meeting, Managing Director and CEO Nasimul Baten highlighted the achievement of the highest credit rating ‘AAA’ for the 16th consecutive year with lowest level of Non-Performing Loan.
He also mentioned that as a specialized housing finance institution, DBH registered 18% growth in Operating Profit in 2021 compared to previous year. The NPL ratio is only 0.63% of the total loan portfolio, which is one of the best in the country's financial sector.
Besides, the chairman of the company Nasir A Choudhury said that the profit after tax of the Company reached to Tk. 104 crore for 2021 which is 17% higher than previous year, mentioning that Company’s total assets increased to Tk. 6,028 crore.
Also read:'Seeds for the Future 2022 Bangladesh' inaugurated
Expressing satisfaction over the performance of DBH, Nasir Choudhury said despite the difficult operating conditions and overall slowdown in the economy due to Covid-19, the company’s performance demonstrated its resilience and strength.
The initiatives undertaken by the management to improve the risk management and service quality contributed positively to continue its profit, he said, hoping that this trend will continue in future also.
B’Yeah: Shaping up the Youth Entrepreneurship Prospects in Bangladesh
Entrepreneurship is a key ingredient for economic growth and development. However, it is often difficult to start and grow a new business in developing countries like Bangladesh due to several factors, including the lack of capital, access to resources, and poor infrastructure. These challenges often lead to low rates of entrepreneurship and slow economic growth. To overcome these barriers and promote entrepreneurship Bangladesh Youth Enterprise Advice & Help Centre (B'Yeah) has been working with the young generation of Bangladesh.
However, the entrepreneurship scene in Bangladesh has grown significantly over the last decade. Stimulated by a growing generation of young entrepreneurs, the concept of entrepreneurship has become more popular in recent decades. Further, the startup culture has boosted in Bangladesh, with many new ventures seeking to take advantage of the emerging technologies. Government involvement also accelerated this trend. Further, many non-government organizations are also helping startups.
Additionally, Small and medium-sized enterprises (SMEs) are also getting a boost from various organizations such as B'Yeah. This article will go through the details of Bangladesh Youth Enterprise Advice & Help Centre and how they are helping the youth.
Read How to Become an Entrepreneur without Money or Skills?
What is B'Yeah?
Bangladesh Youth Enterprise Advice and Help Center (B'Yeah) is a non-profit organization that aims to convert job seekers into an entrepreneur and create more jobs in the job market. B'YEAHhelps entrepreneurs' ideas into a reality through a one-stop supporting platform.
B’Yeah was founded in 2007. It is one of the most prominent organizations supporting young entrepreneurs through training, access to capital and mentorship, and more.
B’Yeah works with teenagers and young adults aged 18 to 35 who wish to establish or expand their business but lack the education and necessary training. The organization has developed a plan of holistic support to help young people start businesses by providing them with education, mentorship, financing solutions, business development support, and many others.
Read Entrepreneur Vs Wantrepreneur: 8 Ways to Tell Them Apart
Background, History, and Purpose of B'YEAH
In spite of the apparent improvements, running a business is not easy in Bangladesh. Many individuals face numerous challenges. Further, the global economic situation is not favorable toward aspiring young business people. Access to knowledge and other resources is often a challenge. This is where B'YEAHcomes in.
A number of prominent organizations have been working in Bangladeshi entrepreneurial development in the past several years. In the last several years, some of the organizations have helped accelerate the Bangladeshi economic system as a whole. Unlike other organizations, B’Yeah doesn't focus on all types of entrepreneurships. Instead, they focus on youth entrepreneurship in Bangladesh.
The history behind the B'YEAHwas simple. Bangladesh doesn't have a great ecosystem to start any business. Hence, newcomers don't find enough confidence to deploy their ideas and don't want to start a business. As a result, the young generation tends to seek employment in a saturated job market. As a consequence, the number of unemployed young adults increased over time. B’Yeah just wanted to help those people who have impressive ideas to start a business.
Read The SWAP story of Bangladesh's first reCommerce startup
How is B’Yeah Helping Boost Youth Entrepreneurship Scene in Bangladesh?
B’Yeah continues to develop methods and solutions by taking into account the obstacles and complexities that young business people face. Keeping those in mind, they systemize the efforts at empowering young businesspeople.
While the majority of entrepreneurship programs and initiatives work with urban entrepreneurs, B’Yeah works with the marginalized and opportunity-deprived young people.
The first step in the intervention is reaching out to potential people who are engaged in either improving their own business or wish to start their new business with an eye to reaching disadvantaged populations. B'YEAHemploys strategic alliances with organizations like UCEP, The Hunger Project, BEST, and others to support its outreach campaign. Hence, the reach out allows B'YEAHto talk to young entrepreneurs and successfully empower them to turn into successful entrepreneurs.
Read Mushroom farming: The story of a jobless youth becoming an entrepreneur in Jashore
Through B’Yeah outreach, young people can participate in workshops that teach the basics of business planning, give them a basic understanding of business plan preparations, and more. The aspiring young entrepreneurs can fill out the free workshop forms to enlighten themselves.
B’Yeah has put together in-person workshops and a series of hands-on training courses that explore the many facets of entrepreneurship. In addition to its initial workshops, the training programs teach the core knowledge required to start and implement a business.
The training programs are most in business development, business plan, growth, marketing, finance, management, networking, legal aspects, and more. Moreover, to educate the entrepreneurs on the acquisition of knowledge and access to guidance, the B’Yeah has created an industry-specific mentorship program, where mentors work directly with young entrepreneurs. The program has quite strongly supported young entrepreneurs.
Read ShopUp Raised $75 million, Largest Series B Funding for a B2B E-Commerce Platform in South Asia
Over time, B’Yeah has developed several determined trainers, advisors, stakeholders, founders, business professionals, and mentors. B’Yeah has also been working to develop programs and interventions to help young aspiring entrepreneurs gain knowledge and the capacity to access markets, finance, and funding.
Over the years, they have helped around 4200 young people, trained more than 2000 potential entrepreneurs, helped create more than 300 business plans, created a work environment for 250 businesses, and created more than 1500 new employment opportunities. Moreover, the network has built more than 100 volunteers and created over 1400 market linkage opportunities for different businesses.
What are the Future Plans of B’Yeah ?
The B’Yeah states that while it scales its ongoing training and mentorship programs, it goes deeper into offering more comprehensive support to startup founders at all levels, including the leaders of social enterprises and environmentally friendly enterprises.
Read Common Challenges faced by Startups in 2022
In order to encourage young entrepreneurs in Bangladesh to address the UN Sustainable Development Goals (SDGs), B’Yeah has introduced a business competition called Bangladesh Youth Enterprise Competition and an impact incubator program, the B’Yeah Impact Incubator and Accelerator. The organization aims to offer such training frequently for betterment of the entrepreneurs’ future.
Final Words
Despite the positive contributions that the B’Yeah has made over recent years, they have a long way to go as they need to focus on building a sustainable action plan.