Calling All Student Entrepreneurs: Tell Us About Your Startup

Imperative of Youth Social Entrepreneurship in Bangladesh

|
May 9, 2012

Bangladesh, the seventh most populous country of the world, clasps in numerous problems- those have became the supplementary names of the country. Its most threatened complications are poverty, population and mismanagement of various resources. The country had undergone on these problems for last forty years. Though, continuously, it’s striving to solve the problems in significant ways, a big portion of the countrymen are too pessimistic to see its worse conditions to be healed till their death.

 For Bangladesh it has been observed that among many problems like lacking necessary natural resources or weak infrastructure, lower GDP, lower education rate and inadequate paddy grounds- mismanagement  of the existing resources and bad governance are liable for failing to provide employment, food, shelter, health, education services to the masses which consequently hurdling poverty more. Poverty as a vicious circle is creating many other problems. The problems are becoming harder because of lacking effective leadership in each sector and it is becoming more acute as world’s fast moving economy, food crisis, energy crisis & environmental effects are influencing the country’s economy directly.

Nevertheless, the country has a history of citizen activism as it was seen in its pre-liberation, liberation and post liberation period in political, cultural and economic sectors. In spite of in numerous problems surprisingly it is enjoying favorable economic growth and has shown remarkable progress in employment opportunity, education, reducing child labor, rural development and urbanization and disaster preparedness. Most of the cases all such developments are done

With over 164  million people, being one of the most populous countries in the world, at the same time, Bangladesh is one of the poorest, with around 44% of the total population living on less than US$2 a day (World Bank Report: 2000/01, as for South Asia). It ranks 146 in the Human Development Index Ranking (UNDP, 2011). In 2010, the U.N. estimated that over 32 percent of the population of Bangladesh, roughly around 62 million young people, is between the age group of 10 to 24. This is the largest number of youth than ever before in the history of this country.

 Till now the youth of Bangladesh presents the most promising resource and in huge quantity – a big reservoir of energy, which can play an important role in economic & social revolution in the country and contribute significantly in creating job opportunity, enhancing child education, women’s uplift, rural development, urban differences and decreasing poverty through bringing economic freedom. Young people are more adaptive & interactive to the each segment of the society and they have more potential to engage in community and business development activities.

 But a few privileged youth are becoming self conscious in creating differences and the rest privileged are in dark of it and the other non privileged are becoming victim of social problems. But this vast human resource can be utilized through some social initiatives. Making an initiative isn’t an easy task, in the society of ours entrepreneurial people exists below 2% though it is required at least around 5%. However, If someone takes an social initiative of making impact can facilitate the local people, can make employment opportunity for others, can utilize his/her local resources and can inspire his/her neighborhood other youths. Social ventures targeted to solving social problems can both facilitate destitute and can give income security through employment. Usually such social ventures are solution oriented and these help solving unemployment, poverty, malnutrition, misuse of resources and many other problems. Such social ventures either can be built by any adult social entrepreneur for facilitating youth, or by any youth who thinks for making impact. We prefer such initiatives of social ventures should come out from the young people because youths are agent of change. They are world’s future. One day they will lead the world. So their decisions, activities, thoughts should come in to effect to leaving a better world for future generations.

 When we talk about social ventures, we prefer to mean the enterprises which follow business model that prepares product or services for the deprived part of the population or which try to solve any social problem innovating new ways. But it doesn’t mean we are giving less importance to the charity or philanthropic or voluntary initiatives. It’s literally tough for the youth to get fund for providing charity. Most of the cases charity based social enterprises sets back or fall down only for lacking the blood of the organization-money. Rather we do prefer to encourage the young social entrepreneurs to run a profitable enterprise and the taken profit then to spend for charity/volunteerism. This could be a guideline for the pro-social enterprise enthusiastic to have the right choice while choosing the enterprise-revenue-fund-model.

 Since Bangladesh has a significant amount of youths- these youths are required to train and groom to develop their potentials, personalities, functional capabilities and should be persuaded of their importance as they can more engage in social entrepreneurial initiatives. Much more attention should be given towards their leadership, entrepreneurial skill development activities as they can think positively and do positively for their society and the country. Otherwise the youth, the big reservoir of power, could be remained underutilized which, rather may create negative impact in the society.


Register to read this article in full and more insight articles!

By registering, you will be signed-up for an account which gives you access to our premium stories published a few times a week and archives of all our premium stories. You will also receive a daily newsletter sent to your inbox. To unsubscribe, please visit the profile section in your account. We have a strong privacy policy. We will never share or sell your data to anyone.

What you get
In-depth actionable analysis

In-depth analysis on startup, business and technology scene in Bangladesh that you would not find anywhere else.
Daily and weekly newsletter
Get our daily and weekly newsletter with our most important stories directly to your inbox.
Join the conversion on this article and more on our public Telegram Group

In-depth business & tech coverage from Dhaka

Stories exclusively available at FS

3 comments on “Imperative of Youth Social Entrepreneurship in Bangladesh”

  1. Well, the reading is fascinating but what is unfortunate is that everybody out there is talking about this very same thing:  "Since Bangladesh has a significant amount of youths- these youths are
    required to train and groom to develop their potentials, personalities,
    functional capabilities and should be persuaded of their importance as
    they can more engage in social entrepreneurial initiatives. Much more
    attention should be given towards their leadership, entrepreneurial
    skill development activities as they can think positively and do
    positively for their society and the country. Otherwise the youth, the
    big reservoir of power, could be remained underutilized which, rather
    may create negative impact in the society.", don't you think we should create something that can help youth to develop above mentioned skills instead of talking about it like everybody else?

    1. You asked me whether I don't think we should create something that can help youth to
      develop above mentioned skills instead of talking about it like
      everybody else. Absolutely, I have mentioned that "social ventures either can be built by any adult social
      entrepreneur for facilitating youth, or by any youth who thinks for
      making impact. We prefer such initiatives of social ventures should come
      out from the young people because youths are agent of change. They are
      world’s future. One day they will lead the world. So their decisions,
      activities, thoughts should come in to effect to leaving a better world
      for future generations". It means youth should be both facilitated to be skilled and empowered to do anything positive they want. But, this atmosphere is not poised here. Such imperative might be known by all. But, if you send any message to the target people, if can persuade properly, it will inspire them do against all odds. I think youth should know this phenomenon very firstly. If they can realize so It will be my pleasure of writing this article....      

  2. I have been hearing the words like 'Youth will change everything" for many years and got bored! Basically, it is said by those people who haven't done anything in their youth regarding the so called change, neither they feel the necessity to help the youth who take the effort to initiate change...!

About FS

Contact Us

Shares