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Abed Sarker a name of successful entrepreneur

News Desk || risingbd.com

Published: 17:24, 25 January 2022   Update: 14:54, 30 September 2022
Abed Sarker a name of successful entrepreneur

Abed Sarker

Abed Sarker, the founder of `Independent Entrepreneur' says about the thoughts you need to keep in mind to become a successful entrepreneur.

To be an entrepreneur you need to talk to a lot of people. Investors, customers, other entrepreneurs and many others. It is difficult if you don't have good communication skills. Perhaps you have an extraordinary thought or an incredible item. But it won't do much good if you can't communicate properly or explain the effectiveness of your product. So to be a successful entrepreneur you need to be good at communication.

To be an entrepreneur you need a self-sacrificing attitude. You must have the ability to handle any bad situation and accept failure.

To become an entrepreneur, you first need to identify a problem. Maybe you have a problem from personal experience or someone around you is facing that problem? Or it could be a social issue. Essentially identifying a problem and coming up with an innovative solution. The next task is to build a business model for that problem and its innovative solution.

When this is done, the work is almost over. Then you need to form a team to take the work forward and bring it to a successful conclusion. Your team will have a few co-founders or co-founders. Co-founders are people who think or think about the same problem as you, and your team must have people from different sectors. For example: Some are engineers, some are marketing and some are social sciences. This will bring diversity to the team.

After forming the team you need to start working on the problem and its innovative solution. The solution to the problem may be a product or service. Whatever it is, you need to create a prototype first. A prototype is a realistic model of your solution that illustrates or describes your solution. For example, if you want to create a product for food quality that measures moisture and pH simultaneously, you first need to create a product that can describe this problem. This is the prototype.

After prototyping the product should be released in the market. Before that, at least 5 consumers should know their opinions about it. Through this, the market value of your product or service can be understood. If consumer feedback is positive, you know your product is ready to hit the market.

Bringing the product to the market and launching the product before it comes to the market is actually a lot of money. Which may not be possible for an ordinary person to bear. In this case Angel Investor helps us. He basically invests money in exchange for a certain ownership. That's why you need to know what investors really want, how they want, at what stage they will invest, what will they see and invest?

After a product is released in the market, production is increased according to its demand. In this case, several aspects need to be taken care of, such as workers, distributors, capital etc. Those who invest the capital required to increase your production are called venture capitalists. They take money from them and return it to the return generate policy by doing business for a certain period of time.

These were some of the initial steps of becoming an entrepreneur. But to be an entrepreneur you need a self-sacrificing attitude. You must have the ability to handle any bad situation and accept failure. If you have no experience in running any business, you should learn the details of the business by working somewhere or doing a part-time job. This will increase your networking, which will later help in client development and product development.

In order to solve your problem or implement your idea, you need to answer 2 questions first. The first is whether people actually want the problem solved and the second question is whether people overwhelmingly want the problem solved. If the answer to both questions is positive, then you must understand that your solution or idea can be turned into reality.

Maruf/Nasim