1 / 5

How can Entrepreneurs Plan their Long-Term Success

Salman F Rahman, the Vice Chairman of BEXIMCO Group also believes that a strategy is as crucial as these principles. It should aim at the success of a venture in the years to come.

salmanfrahman
Download Presentation

How can Entrepreneurs Plan their Long-Term Success

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. HOW CAN ENTREPRENEURS PLAN THEIR LONG-TERM SUCCESS?

  2. Entrepreneurs can plan their success in the long term by being clear about their foundations. It is vital for them to set the right foundations for their businesses to function. Salman F Rahman, the Vice Chairman of BEXIMCO Group also believes that a strategy is as crucial as these principles. It should aim at the success of a venture in the years to come. The Bangladeshi businessman suggests that those who want to be successful in the distant future should additionally have two assets. Broadly, these include a reliable workforce and sufficient capital. For the right start of a venture, these assets are extremely important.

  3. Form the Foundations for Success in Business • The foundations of a business can help it to be successful in the long run. This is dependent on how clearly and strongly they have been formed. Besides, the degree to which they are practiced can help ensure its accomplishment.It is important to identify that the principles of a company are made through its vision, mission, as well as values. Salman F Rahman puts forth that all three of these can outline the important beliefs of the company.

  4. Plan a Strategy for Long-Term Success • For making business strategies that ensure long-term success, businessmen should have an approach that compels them to engage in forward-thinking. They should sync with the vision, mission, as well as values that they have planned. • In order to form such a strategy, a businessman should prefer to conduct an in-depth market analysis. Following this, he or she should identify every opportunity, challenge, and trend that is crucial in this regard. Then one should take a moment to define the objectives and see whether the strategy majorly aims at it.

  5. Incorporate Sustainability in the Approach to Business • In accordance with Mr. Rahman’s view, when long-term success is needed, sustainability should be included in the approach to business. This is because sustainable practices will help a company to utilize resources in a wise manner. Thus, the desired output will be attained without draining the resources. In addition, for the overall future and welfare of a nation, sustainability is a recommended practice.

More Related