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Entrepreneurs Serve an Important Role in Driving Economic Growth and Development

For the economy, their presence, approaches, and functions are integral, particularly for growth. Sohail F Rahman, the co-founder of BEXIMCO Group, is a powerful figure in Bangladesh. He has led to the growth of the country and other nations too.

Sohailfrahman
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Entrepreneurs Serve an Important Role in Driving Economic Growth and Development

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  1. ENTREPRENEURS SERVE AN IMPORTANT ROLE IN DRIVING ECONOMIC GROWTH AND DEVELOPMENT

  2. Entrepreneurship can be considered a significant factor in economies. Thus, the role of entrepreneurs also assumes importance. For the economy, their presence, approaches, and functions are integral, particularly for growth. Sohail F Rahman, the co-founder of BEXIMCO Group, is a powerful figure in Bangladesh. He has led to the growth of the country and other nations too. In multiple industries, the well-known businessman has set up verticals. From domestic to international, their expanded functioning has led to economic development at a notable scale. The rise of more entrepreneurs like Ahmed Sohail Fasiur Rahman can yield various achievements for countries. Challenges such as joblessness, poor infrastructure, the lack of sufficient capital, and others, can be overcome as well.

  3. Why Is Entrepreneurship Important in an Economy? One can simply understand entrepreneurship as a process that creates and runs a business in an economy. This is inclusive of making profits, managing risks, and preventing or dealing with losses. This process is important for generating economic growth. Its continuity results in its development as well believes Ahmed Sohail Fasiur Rahman.

  4. Outcomes of Entrepreneurship in the Economy In a country, the presence of entrepreneurs indicates the possibility of job creation. This is important to the economy, mainly for the growth of its people, opines Sohail F Rahman. This is observed with the launch of startups or ventures. To run them, workforces are needed. Thus, employees are hired.

  5. How to Encourage Entrepreneurship for Economic Advancement? It is important to encourage entrepreneurship for the economy and this can be ensured through funding. Ahmed Sohail Fasiur Rahman is of the view that major organizations can provide funds for startups to be born. By doing so, the major hurdle or requirement of finance can be resolved as well.The top Bangladeshi entrepreneur Sohail F Rahman adds that more ventures can emerge for economic advancement when innovative ideas are supported. Also, governments can support the coming up of small businesses or startups for the betterment of the economy.

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