An individual’s habits serve as a mirror of their personality. Habits shape one’s character, subsequently impacting how far one will progress. In the book “7 Habits of Highly Effective People”, author Stephen Richards Covey outlines the seven common habits among successful people based on his […]
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In Bangladesh, the Value Added Tax (VAT) system is vital in generating government revenue and influencing economic activities and Consumer behavior. It has undergone significant changes and advancements to align with the country’s financial Stability. This blog post aims to go around the details of
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It is essential for any business, ignoring its size or industry, to create and maintain a budget. A well-designed budget acts as a guide, directing financial decisions and ensuring efficient resource allocation. Despite good intentions, business owners can make common budget mistakes that can negatively
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In Bangladesh, there’s a new banking concept called Digital Bank. The Bangladesh Bank has provided guidelines for banks, Financial Institutions, Fintech companies, microfinance institutions, and mobile financial service providers to collaborate and establish digital banks. These banks will be governed by the Banking Company Act
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VC firms invest in startups to earn profits from their investments in the future. They put startups through a rigorous screening process to identify and fund the ones with the highest growth potential. VC firms decide when to exit from their portfolio startups, either to
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“Rich Dad Poor Dad” was written by Robert Kiyosaki to share his financial literacy with others. Although this book was published in 1997, its lessons are relevant to this day, which is why this book continues to be sold and read worldwide. Whom does the
Timeless lessons from the book “Rich Dad Poor Dad” Read More »
VC firms, or Venture Capital firms, invest money into startups with high growth potential. When startups use these investments wisely, their businesses are transformed and taken to new heights. Startups like Facebook, AirBnB, Uber and Canva have all raised funds from VC firms to fuel
Who’s who in a VC Firm Read More »
A long tail business model involves selling many varieties of niche products, each in small quantities. This is a sharp contrast to conventional business models which focus on selling large quantities of a few best-selling products. This concept was postulated by Chris Anderson in 2004.
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A franchise is an agreement between two parties franchisor and a franchisee. A franchisor owns a successful business, and it sells the right to copy its business model. A franchisee buys this right and implements the franchisor’s business model in a different location. The franchisee
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Value Proposition refers to the benefits provided by a company to its customers. These benefits are imparted through the company’s products and services which solve problems faced by customers, or fulfill one or more of their needs. Some values are quantitative, like the price of
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