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How to Identify Multiple Source of Income

In the early days of my career, I was introduced to a powerful concept that reshaped my approach to personal and financial growth. The wisdom came from none other than Warren Buffett, who emphasized the importance of not relying solely on a single source of income but rather exploring and identifying multiple avenues for generating revenue. This idea, simple yet profound, ignited a spark within me to delve deeper into the possibilities that lay beyond the conventional pathways of earning.

 

The Catalyst for Change

My quest for knowledge and skill development led me to discover a method introduced by the renowned Brian Tracy. Tracy presented an innovative approach to uncovering multiple sources of income through a simple yet effective exercise. He suggested taking a blank piece of paper and a pen, retreating to a quiet room, and engaging in a brainstorming session to list out twenty potential income-generating activities or sources. This exercise was not just an act of listing but an invitation to open one’s mind to the endless opportunities that await those willing to explore and experiment.

 

 

From Insight to Implementation

Inspired by Brian Tracy’s method, I embarked on my own journey to identify diverse income streams that aligned with my skills and passions. Here are the avenues I explored:

  1. Professional Writing: Recognizing my ability to articulate ideas, I ventured into professional writing, creating content that not only informed but also entertained and educated.
  2. YouTube Content Creation: With a knack for communication, I started producing videos for YouTube, tapping into the vast audience seeking knowledge and entertainment online.
  3. Graphics and Video Editing: I honed my skills in graphics design and video editing, catering to the growing demand for professional-quality visuals in the digital space.
  4. Consultancy in Project Management: By developing expertise in project management and various management tools, I positioned myself as a consultant capable of guiding businesses toward efficiency and success.
  5. Corporate Training: Focusing on soft skills like communication, leadership, team building, and problem-solving, I ventured into corporate training, helping professionals enhance their capabilities.
  6. Mentorship: I pursued certification courses in teaching and assessment, enabling me to mentor students at colleges and universities, guiding them toward academic and career success.
  7. Authoring Books: By writing books, I aimed to reach a broader audience, sharing knowledge and insights that could aid in their personal and professional development.
  8. and many more …..

 

The Importance of Diverse Income Streams

The journey from a singular focus on income generation to a multifaceted approach taught me a valuable lesson: relying on a single source of income can lead to financial instability and hinder the ability to support oneself, help others, or engage in charitable activities. Diverse income streams not only provide a safety net but also open doors to new experiences, learning opportunities, and personal growth.

 

A Call to Action

I urge everyone to embrace the concept of multiple income streams. Take the time to assess your skills, passions, and interests. Engage in brainstorming sessions, as suggested by Brian Tracy, and allow yourself to explore the vast landscape of opportunities available in today’s interconnected world. Remember, the journey to financial independence and personal fulfillment begins with the willingness to explore and the courage to act.

 

Conclusion

As we navigate through the complexities of the modern economy, the wisdom shared by Warren Buffett and the methodology introduced by Brian Tracy serve as beacons of inspiration. They remind us that the pursuit of multiple income streams is not just a strategy for financial resilience but a path to a richer, more fulfilling life. Let us embark on this journey with an open mind, a willing heart, and the determination to transform our dreams into reality.

 

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About The Author: K M Hasan Ripon
K. M. Hasan Ripon is a distinguished figure and a leading career mentor in Bangladesh, recognized for his expertise as an entrepreneurial ecosystem builder and employability specialist. He currently holds key positions, serving as the Executive Director of Bangladesh Skill Development Institute (BSDI), Managing Director of Global Entrepreneurship Network Bangladesh, Executive Director of Daffodil Education Network, and Vice President of Start and Improve Your Business Foundation of Bangladesh.
With a wealth of experience, he has consulted for over 100 national and international organizations, providing training for executive development in areas such as communication, leadership, customer service, team building, negotiation, and problem-solving. Hasan Ripon’s extensive reach includes visits to 64 districts in Bangladesh and travels to 40 countries as a speaker and workshop facilitator. He has inspired over 100,000 youth and graduating students in 100+ public and private universities and polytechnics in Bangladesh, as well as more than 20 international universities.
Hasan Ripon is widely recognized on social networks, with a fan following exceeding 3 million, as a skills activist and inspirational speaker. His previous roles include serving as a short-term consultant at the World Bank, consultant for Industry 4.0 (HTS) at a2i, ICT Division (government agencies), master trainer and industry assessor (CBT&A) at ILO, convener of the National Board of CYFI Bangladesh, and a fellow of the Royal Society of Arts (FRSA). He also previously served as the local president of JCI Bangladesh (Dhaka Central).

Author Contact: [email protected]

 

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CAREER TARGET-SETTING CHECKLIST FOR ALL

We often see that when someone enters the job market after graduating from university, many of them struggle to fit in. Some may not find the dream job they were hoping for, even after a long time working in a sector.

Remember, having personal targets is crucial no matter where you work. Without targets, success in the job is unlikely. And organizations always look out for individuals who are diligent, proactive, and active in their work.

Below is a sample table for those who have just entered a new job after graduating from university or for those who have switched to a new job after working in a company for a long time but are struggling to fit in.

 

Area for Improvement

Specific Goal Deadline

Action Steps

Skill Development Presentation Skill Development 6 months Use YouTube to improve Microsoft PowerPoint skills. Join various clubs or societies for presentation skill development. Participate in different workshops. Record and upload your own video to YouTube and seek feedback from others.
Self-Assessment Bi-weekly Self-Assessment Ongoing
Networking Enhance Professional Network Ongoing Participate in various workshops, seminars, and volunteer work. Join different professional groups on LinkedIn. Dine out with colleagues monthly to spend time in a friendly atmosphere. Contact professionals via social media for coffee meetings. Aim to meet at least 5 new professionals each month. Monthly review of new contacts.
Performance Achieve Success in Current Position Ongoing Set monthly performance goals with your boss. Seek feedback regularly from your boss and colleagues. Participate in relevant training sessions. Set challenging targets for yourself that others might fear to. Monthly performance review.
Mentorship Find a Mentor 3 months Identify a potential mentor in your workplace. Initiate informational discussions with them. Persuade them to agree to become your career mentor. Regularly communicate with your mentor.
Certification Obtain Relevant Certification 1 year Research necessary certifications for your sector or field. Seek advice from experts. Enroll in certification courses. Allocate weekly study time. Track course completion and exam dates.
Leadership Development Improve Leadership Skills 1 year Identify critical areas in your project team. Offer help where team members face challenges. Read a leadership book every month. Participate in leadership development training. Quarterly evaluation of leadership skills.
Work-Life Balance Maintain a Healthy Balance Ongoing Set work hours. Allocate time for family. Take regular care of your health to avoid frequent sick leaves. Stay within a realistic routine for personal and work life. Try to take a vacation every three months with your family. Weekly reflection and adjustment.

 

The table above is a sample. Try to understand it, create a table for yourself, and make an effort to follow and practice it properly. If you can set personal targets following the table and implement them honestly with yourself, then no one except the creator of success can stop you.

 

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About The Author: K M Hasan Ripon (
K. M. Hasan Ripon is a distinguished figure and a leading career mentor in Bangladesh, recognized for his expertise as an entrepreneurial ecosystem builder and employability specialist. He currently holds key positions, serving as the Executive Director of Bangladesh Skill Development Institute (BSDI), Managing Director of Global Entrepreneurship Network Bangladesh, Executive Director of Daffodil Education Network, and Vice President of Start and Improve Your Business Foundation of Bangladesh.
With a wealth of experience, he has consulted for over 100 national and international organizations, providing training for executive development in areas such as communication, leadership, customer service, team building, negotiation, and problem-solving. Hasan Ripon’s extensive reach includes visits to 64 districts in Bangladesh and travels to 40 countries as a speaker and workshop facilitator. He has inspired over 100,000 youth and graduating students in 100+ public and private universities and polytechnics in Bangladesh, as well as more than 20 international universities.
Hasan Ripon is widely recognized on social networks, with a fan following exceeding 3 million, as a skills activist and inspirational speaker. His previous roles include serving as a short-term consultant at the World Bank, consultant for Industry 4.0 (HTS) at a2i, ICT Division (government agencies), master trainer and industry assessor (CBT&A) at ILO, convener of the National Board of CYFI Bangladesh, and a fellow of the Royal Society of Arts (FRSA). He also previously served as the local president of JCI Bangladesh (Dhaka Central).

Author Contact: [email protected]

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Improving your chances of getting a job with Human-Centered Design Principles

Employability360 helps students get ready for the job market.
Employability360 is a non-academic course that Daffodil International University has created that is changing the way students are prepared for the job market. Employability360 is a dynamic, hands-on learning and development program that makes sure every student has the information, skills, and attitude to do well in today’s competitive job market, even before they finish their degrees.

Workshops with lots of interaction to learn everything
Over the course of six months semester, Employability360 has 20 workshop based classes, and each one lasts three hours. Students can get useful information and hands-on experience on a wide range of topics linked to getting ready for work and professional growth through these workshops.

A Key Part of Human-Centered Design
Students learn about the ideas behind Human-Centered Design (HCD) in the second workshop of the Employability360 program. This lesson shows how important it is to understand human behavior, habits, and personal profiles in all areas of professional growth, from writing CVs and resumes to going to job interviews.

Cutting down on rejection rates with HCD
The HCD workshop’s goal is to give students the information and skills they need to get rejected from jobs as little as possible. By following the rules of HCD, students can make sure that the materials they use for job applications and speeches meet the needs and wants of the people they are trying to reach.

Interested Workshop Activities
The students do a variety of tasks during the workshop that are meant to fully immerse them in the HCD process. Students take part in every step of the design and development process, from doing one-on-one interviews and online study to getting feedback from stakeholders and finishing their projects.

 

 

Practical assignments that you can do with your hands
After the workshop, students are expected to use what they’ve learned about HCD in real life. As part of their homework, they have to make a blog, a PowerPoint show with five slides, and their own CVs and video profiles. These tasks push students to use what they’ve learned to come up with useful ways to do well in the job market.

Help from leaders in the field
Mr. K. M. Hasan Ripon, Executive Director of the Bangladesh Skills Development Institute and a well-known author and employability coach, leads the Employability360 workshops. His knowledge and guidance help students learn important things and get useful tips that help them get jobs and do well in their careers.

In the end
Employability360’s use of Human-Centered Design principles in its lessons shows that the university wants to give students a complete and useful way to get ready for work. Employability360 gives students the skills and attitude they need to do well in today’s competitive job market by giving them the freedom to understand and meet the needs of their target audience.

 

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About The Author: K M Hasan Ripon
K. M. Hasan Ripon is a distinguished figure and a leading career mentor in Bangladesh, recognized for his expertise as an entrepreneurial ecosystem builder and employability specialist. He currently holds key positions, serving as the Executive Director of Bangladesh Skill Development Institute (BSDI), Managing Director of Global Entrepreneurship Network Bangladesh, Executive Director of Daffodil Education Network, and Vice President of Start and Improve Your Business Foundation of Bangladesh.
With a wealth of experience, he has consulted for over 100 national and international organizations, providing training for executive development in areas such as communication, leadership, customer service, team building, negotiation, and problem-solving. Hasan Ripon’s extensive reach includes visits to 64 districts in Bangladesh and travels to 40 countries as a speaker and workshop facilitator. He has inspired over 100,000 youth and graduating students in 100+ public and private universities and polytechnics in Bangladesh, as well as more than 20 international universities.
Hasan Ripon is widely recognized on social networks, with a fan following exceeding 3 million, as a skills activist and inspirational speaker. His previous roles include serving as a short-term consultant at the World Bank, consultant for Industry 4.0 (HTS) at a2i, ICT Division (government agencies), master trainer and industry assessor (CBT&A) at ILO, convener of the National Board of CYFI Bangladesh, and a fellow of the Royal Society of Arts (FRSA). He also previously served as the local president of JCI Bangladesh (Dhaka Central).
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Going on a Journey to Find Yourself on the Way to Being Employable

Introduction:
In today’s fast-paced and ever-evolving job market, securing a job requires more than just a degree. Employability is the key to success, encompassing a blend of skills, attitude, knowledge, and adaptability. As the course mentor of Employability360 at Daffodil International University, I am dedicated to assisting students on their journey towards professional readiness.

Understanding Employability:
Employability extends beyond mere job-seeking; it entails equipping oneself with the tools and strategies necessary to not only obtain a job but also thrive in one’s career. Many students are unaware of the concept of employability and its significance in shaping their future success. Hence, my primary objective as a mentor is to provide them with a comprehensive understanding of the current job market landscape.

Exploring the Job Market:
In the Employability360 course, I emphasize the dynamic nature of the job market and the evolution of traditional roles, alongside the emergence of new opportunities. Students learn to adapt to these changes and identify the skills and qualities sought after in today’s workplace.

The Importance of Self-Assessment:
Self-assessment serves as the foundational step in the journey towards employability. Without a clear understanding of their strengths, weaknesses, preferences, and aspirations, students may struggle to find a suitable career path. Recognizing this, I dedicate significant time to guide students through various self-assessment tools and techniques. For instance, I incorporate interactive tasks such as SWOT analysis, feedback systems, and IKIGAI exercises to facilitate self-discovery.

Hands-On Learning Approach:
Acknowledging that students often prefer hands-on activities over lectures, I integrate interactive exercises into the curriculum. For example, I introduce the concept of self-assessment by providing students with a unique task. Armed with blank paper and color pencils, they visually represent their major skills, characteristics, experiences, and weaknesses through drawings, fostering creativity and self-expression.

 

 

Facilitating Peer Feedback:
Upon completing their drawings, students engage in peer-sharing sessions, fostering collaboration and offering constructive feedback. This process enables students to gain insights into their strengths and areas for improvement, enhancing their self-awareness and personal development.

Conclusion:
The journey towards employability is a transformative one, characterized by self-discovery and continuous growth. Through the Employability360 course, students are equipped with the tools and mindset needed to navigate the complexities of the job market and build successful careers. As a mentor, my mission is to empower students to unleash their full potential and thrive in the professional world. By following the outlined steps and incorporating interactive and engaging activities, students can embark on a journey of self-exploration and readiness for the professional realm.

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K M Hsaan Ripon
Executive Director, BSDI
Email: [email protected]

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Is micro-management within an organization good or bad?

Micro-management is a concept that typically causes conflicting feelings from employees and managers both. Some consider it as a vital strategy to maintaining control and high standards, while others see it as a barrier to creativity and freedom. In this blog, I will try to look at the advantages and disadvantages of micro-management to find out whether it’s a successful managerial style or a barrier to growth and team spirit.

Advantages of Micro-management:

Quality Control: Micromanagement enables managers to closely monitor and maintain high-quality standards in tasks and initiatives.

Immediate Problem Identification: Managers can identify and address any problems or challenges that may develop during project execution.

Clear Direction: Employees who work for a micromanager generally have a strong understand of goals, which may help avoid uncertainty.

Skill Development: Micro-management can provide assistance and facilitate skill development for new or less-experienced personnel.

 

Micromanagement has the following disadvantages:

Reduced Morale: Employee morale can suffer as a result of regular monitoring, since they may experience a lack of trust and autonomy.

Reduce Creativity: Micro-management may hamper creativity and innovation by making employees afraid to submit new ideas or take risks.

Time-consuming: For managers, it can be a time-consuming method, leaving less time for strategic planning and higher-level responsibilities.

Employee Burnout: The stress of being carefully monitored can lead to employee burnout, negatively impacting overall happiness and job satisfaction.

 

Finding a Balance:

Customized Approach: Recognize that various persons might need different management strategy. A one-size-fits-all approach may not be effective.

Clear Communication: Explain goals to employees clearly while still leaving open for questions and feedback. This may reduce the need for constant supervision.

Trust Building: Build trust among your team members by recognizing their knowledge and offering opportunity for them to demonstrate their abilities.

Task Delegation: Delegate duties based on individual strengths to enable employees to take ownership of their responsibilities.

 

Conclusion:

While micro-management can be beneficial in some cases, managers must establish a balance that promotes a healthy work the environment. Understanding when to provide direction and when to allow freedom is essential for effective leadership. Managers can modify their strategy to enhance productivity and employee satisfaction by considering both the advantages and disadvantages.

 

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About The Author: K M Hasan Ripon (
K. M. Hasan Ripon is a distinguished figure and a leading career mentor in Bangladesh, recognized for his expertise as an entrepreneurial ecosystem builder and employability specialist. He currently holds key positions, serving as the Executive Director of Bangladesh Skill Development Institute (BSDI), Managing Director of Global Entrepreneurship Network Bangladesh, Executive Director of Daffodil Education Network, and Vice President of Start and Improve Your Business Foundation of Bangladesh.
With a wealth of experience, he has consulted for over 100 national and international organizations, providing training for executive development in areas such as communication, leadership, customer service, team building, negotiation, and problem-solving. Hasan Ripon’s extensive reach includes visits to 64 districts in Bangladesh and travels to 40 countries as a speaker and workshop facilitator. He has inspired over 100,000 youth and graduating students in 100+ public and private universities and polytechnics in Bangladesh, as well as more than 20 international universities.
Hasan Ripon is widely recognized on social networks, with a fan following exceeding 3 million, as a skills activist and inspirational speaker. His previous roles include serving as a short-term consultant at the World Bank, consultant for Industry 4.0 (HTS) at a2i, ICT Division (government agencies), master trainer and industry assessor (CBT&A) at ILO, convener of the National Board of CYFI Bangladesh, and a fellow of the Royal Society of Arts (FRSA). He also previously served as the local president of JCI Bangladesh (Dhaka Central).

Author Contact: [email protected]

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Short Profile of K M Hasan Ripon

K M Hasan Ripon is a prominent figure in the field of career development and entrepreneurship in Bangladesh. Hasan Ripon is an example of expertise, serving as the Executive Director of Bangladesh Skill Development Institute (BSDI), the Managing Director of Global Entrepreneurship Network Bangladesh, and the Vice President of Start and Improve Your Business Foundation of Bangladesh.

Hasan Ripon has worked as a consultant for over 300 national and international organizations, accumulating a wide range of experiences. He has inspired over 100,000 youth and graduating students at Bangladesh’s 150+ public and private Universities, colleges and polytechnics, as well as over 20 international universities. As a skills activist and inspiring speaker, he has a social media following of over 3 million people.

Hasan Ripon is well-known in Bangladesh for his strategic abilities, having founded and sustained more than 30 organizations, educational establishments, and youth-led initiatives. With travel to 64 districts in Bangladesh and visits to 40 countries as an appreciated speaker and workshop facilitator, his impact transcends borders.

His professional development programs address topics such as communication, leadership, customer service, team building, negotiation, and problem solving, digital transformation, artificial intelligence and 4IR focused skills.

Hasan Ripon’s diverse experience includes roles as a President at JCI Bangladesh, Short-Term Consultant at the World Bank, Consultant for Industry 4.0 (HTS) at a2i, ICT Division (Government agencies), and Master Trainer & Industry Assessor (CBT&A) at ILO, CEO of Jobsbd.com, Principal at Daffodil polytechnic, adjunct Associate Professor and Employability Mentor at Daffodil International University and many more.

The Peace Award 2013 by JCI Bangladesh (Dhaka Central), the Education Leadership Award by IIT, Delhi, and the 2017 Inspiration Award as a Change Maker & Motivator have all decorated his path. Hasan Ripon’s story is one of passion, impact, and an uncompromising commitment to shaping Bangladesh’s future of work and skills.

Download his Profile

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Your business survives when your customers are happy

In my opinion, we are very much reluctant in customer service. Our service standard level is very poor. In this technologically developed era, everything is fast, especially in development. However, the people who are in service are very poor. It’s not that everyone is intentionally giving poor service, but most of them are not well aware.

A Mix of Excellence and Disappointment

I observed the impressive standard of our exterior and interior decoration, meeting international benchmarks. Unfortunately, the service providers, who are the main heart of business sustainability, are completely unaware and untrained about customer service. Many of them even perform with reluctance and hesitate to offer a simple smile. This is evident from gatekeepers to top management. Courtesy has become a very expensive item to offer to their customers. The helping attitude is almost nowhere in the service industry.

Cheerless Impressions

While attending a meeting at a leading corporate organization, the physical outlook and decorations of that organization were excellent, incorporating technology from entrance to the entire office. But the facial expressions and attitude of the employees conveyed an unwelcoming vibe, making me feel like an unwanted visitor.

Customers Challenges

On a family trip to a popular tourist spot, the unpleasant experiences began at the airport, where security officers exhibited rudeness while checking tickets. Despite the beautifully decorated airline ticket counters at the airport with LED screens, the staff, though well-dressed, behaved rudely with greetings and smiles. Their interactions felt more like police interrogations than customer service. In the 5-star ranked hotel, I found a similar experience. No proper communication, commitment failure, and service delay. Although the hotel spent millions of dollars decorating the entire place from entrance to exit, without trained and efficient staff, organizations often feel uncomfortable investing money in employee development, thinking training is expensive. However, they forget that no training is more expensive, as they are losing customers every day, and no customer refers to anyone.

A Glimpse of Exceptional Customer Service

However, I had a fantastic experience. One evening I was very hungry while traveling. I was asking people where I should have my lunch. Everybody was giving me a reference to a restaurant. So I decided to go there. When I arrived, I was a little shocked because the decorations of the restaurant were average. But one thing attracted me: every waiter was so welcoming and smiling from the heart, I felt at home. One gentleman came to me and suggested their best items from their menu card. Despite the average-quality food, the caring service made the experience delightful.

So, after lunch, when I was paying the bill, I saw the same waiters serving and suggesting food to other guests as well. I told the manager of the restaurant that now I understood why people are referring me to this restaurant. He politely asked me, “May I know what the reason is?” I told him, “Your excellent customer service. You are not taking this service as your job; you are actually doing it from your heart.” After listening to my feedback, he felt shy and said, “Sir, I think it’s my duty, not just serving food but also treating them like my family members. Because I believe the customer is like the representative from God. They come, they enjoy, and we get our Rizik through our happy customers.”

Customer Referrals Matter

This experience emphasized the importance of customer referrals. If customers are not advocating for the service they received, then it means we are falling short. Business is not a one-time transaction; a satisfied customer can become a valuable promoter, creating a positive effect.

Customer Service Investment

Despite significant investments in technology, creative business content, and decorations, customer service remains a neglected aspect. Customers don’t seek expensive gestures; they desire good behavior, concise communication, a sincere smile, and the truth. Recognizing that customers are vital for business survival, especially in an era with multiple options and choices, emphasizes the urgency to prioritize and enhance our customer service efforts. Maybe your business is now top-ranked, but neglecting customers and employees may drop your positive ranking from the top to disappear.

Humble request

My humble request to all organizations: please be attentive to your customer service. Conduct an overall organizational assessment, assess employee skills, gather customer feedback, and identify the top reasons for customer dissatisfaction. Hire renowned organizations with relevant training materials and expert trainers. Continuously follow up and improve. Remember, your business thrives if your customers are happy.

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About The Author: K M Hasan Ripon
K. M. Hasan Ripon is a distinguished figure and a leading career mentor in Bangladesh, recognized for his expertise as an entrepreneurial ecosystem builder and employability specialist. He currently holds key positions, serving as the Executive Director of Bangladesh Skill Development Institute (BSDI), Managing Director of Global Entrepreneurship Network Bangladesh, Executive Director of Daffodil Education Network, and Vice President of Start and Improve Your Business Foundation of Bangladesh.
With a wealth of experience, he has consulted for over 100 national and international organizations, providing training for executive development in areas such as communication, leadership, customer service, team building, negotiation, and problem-solving. Hasan Ripon’s extensive reach includes visits to 64 districts in Bangladesh and travels to 40 countries as a speaker and workshop facilitator. He has inspired over 100,000 youth and graduating students in 100+ public and private universities and polytechnics in Bangladesh, as well as more than 20 international universities.
Hasan Ripon is widely recognized on social networks, with a fan following exceeding 3 million, as a skills activist and inspirational speaker. His previous roles include serving as a short-term consultant at the World Bank, consultant for Industry 4.0 (HTS) at a2i, ICT Division (government agencies), master trainer and industry assessor (CBT&A) at ILO, convener of the National Board of CYFI Bangladesh, and a fellow of the Royal Society of Arts (FRSA). He also previously served as the local president of JCI Bangladesh (Dhaka Central).
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How to Achieve Success in Today’s Business World

Executives need more than just technical skills to do well in today’s dynamic and changing business world. The things that make a great leader stand out are not just typical management skills. Let us look more closely at these brain traits and see why they are so important for success.

Actions that are clear:

Imagine that a boss is in charge of a project but is unaware of what its final goal is. As a result? Plenty of confusion, deadlines were missed, and the project failed in line with the mission of the team. Instead, a leader who is clear about their actions sets clear goals, knows their role, and makes sure that every action fits into the organization’s overall mission.

 

Results that can be measured:

For example, keeping track of progress is not just about keeping records; it’s also about enjoying successes. Think about a boss who sets clear goals, works hard to reach them, and celebrates every success. This not only boosts mood but also gives useful information for making things better all the time.

 

 

A mind that can change:

In a world where new technologies are common, leaders who are open to change perform well. Imagine a boss who quickly learns how to use new tools and methods because they know that being flexible is not only valued but also necessary.

 

A system based on results:

For example, Good executives put jobs that lead to real results at the top of their list. No matter how big or small the job is, every task is in line with the organization’s main goals. This makes sure that everyone’s work makes a real difference in the company’s progress.

 

Managing time:

For example, time is the most valuable thing for a boss. Good executives plan, set priorities, and get things done quickly and well. They make the most of their time by handling it well, making sure that every moment works toward the organization’s goals.

 

An attitude of innovation:

Organizations grow on new ideas, and leaders are very important in encouraging a creative work environment. A leader who is open to new ideas pushes their employees to do the same, which creates innovative solutions and ideas.

 

Working Together for Excellence:

Imagine a team where leaders work well with their coworkers and are open to different points of view. Teams that work together are more likely to be successful. Collaborative excellence makes sure that the skills of every team member are used to help the group succeed.

 

Taking responsibility and ownership:

For example: Great leaders are proud of what they hold. They don’t just give out jobs; they also make sure that each one is done correctly. A culture of accountability grows through a company when people are responsible for their actions and the results of those actions.

 

Making good use of technology:

Executives who use technology well have an advantage over their competitors. They know about new technologies and use them to make their work faster, more accurate, and more productive. Use of technology wisely is a strategic edges in today’s business world.

 

Sustainable Activities:

Leaders who push for sustainable practices not only help the company succeed, but also leave a lasting impression. By using methods that are good for the environment, they make sure that their effect on the world is green and lasts a long time.

 

the characteristics that make an executive great today go beyond the usual traits of a leader. When people develop and use these traits, they not only become successful themselves, but they also make a big difference in the success and longevity of the organizations they run. As the business world changes, so must the traits that make leaders good at their jobs and look to the future.

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About The Author: K M Hasan Ripon
K. M. Hasan Ripon is a distinguished figure and a leading career mentor in Bangladesh, recognized for his expertise as an entrepreneurial ecosystem builder and employability specialist. He currently holds key positions, serving as the Executive Director of Bangladesh Skill Development Institute (BSDI), Managing Director of Global Entrepreneurship Network Bangladesh, Executive Director of Daffodil Education Network, and Vice President of Start and Improve Your Business Foundation of Bangladesh.
With a wealth of experience, he has consulted for over 100 national and international organizations, providing training for executive development in areas such as communication, leadership, customer service, team building, negotiation, and problem-solving. Hasan Ripon’s extensive reach includes visits to 64 districts in Bangladesh and travels to 40 countries as a speaker and workshop facilitator. He has inspired over 100,000 youth and graduating students in 100+ public and private universities and polytechnics in Bangladesh, as well as more than 20 international universities.
Hasan Ripon is widely recognized on social networks, with a fan following exceeding 3 million, as a skills activist and inspirational speaker. His previous roles include serving as a short-term consultant at the World Bank, consultant for Industry 4.0 (HTS) at a2i, ICT Division (government agencies), master trainer and industry assessor (CBT&A) at ILO, convener of the National Board of CYFI Bangladesh, and a fellow of the Royal Society of Arts (FRSA). He also previously served as the local president of JCI Bangladesh (Dhaka Central).
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The Power of Time Management to Make You a Better Morning Person

I used to feel that the late-night hours between 12 a.m. and 3 a.m. were great for my creative activities. I kept everything until the late hours of the day, whether it was meetings, instructions, assignments, or producing presentations at the office. My conviction was that I could work calmly and peacefully late at night, and this habit continued in place. Despite continuous advice from elders and seniors in the office to avoid becoming a night owl and to adopt an early sleep and wake-up plan, I ignored their advice and provided my own reasoning.

Over time, I gradually realized that, despite my best efforts, my overall quality of life was not improving significantly; whatever progress I made was slow. During this time, I learned from a University of Westminster study that people who rise early (between 5:22 and 7:21 a.m.) have higher levels of stress hormones than those who wake up later in the morning.

In addition, I spoke with over 100 important leaders in Bangladesh about their daily routines and time management practices. To my surprise, they all started their days early, often between 4:30 and 6 a.m., and finished their evening activities quite early, between 10 and 11 p.m. This newfound realization inspired me to intentionally accept the timeless knowledge symbolized in the proverb “Early to Bed and Early to Rise Makes a Man Healthy, Wealthy, and Wise.”

I made a strong decision one day to turn off my room light at 11 p.m., setting my alarm for 5 a.m. the next morning. I struggled to wake up when the alarm rang out at 5 a.m., finally opening my eyes at 7 a.m. I started my day after eating breakfast. Nevertheless, I repeated it the next night, turning off the lights at 11 p.m. and setting an alarm for 5 a.m. This time, I was able to get out of bed as soon as the alarm rang. I went to the Mashjid for Fajr prayers and then spoke with the Imam, asking for advice on how to develop a good schedule.

During our conversation, the Imam suggested that I incorporate Quranic reading into my daily practice. Despite knowing the Bengali translation, I admitted that I couldn’t read Arabic. The Imam advised me to find a mentor to help me learn Arabic reading and gave me the phone number of a Moulana.

I contacted the Moulana in the evening and asked him to come to my house after Fajr Salah. The goal was to create accountability by requiring me to get up early every morning. The tactic worked because he kept calling me and asking, “Ripon bhai, did you wake up?” I answered every morning, and he taught me Quranic reading, which became a regular part of my routine.

I created a daily routine to improve my general well-being as part of my commitment to a more disciplined lifestyle. This routine is as follows:

  • Sleep Schedule: I go to bed at 11 p.m. every night to ensure that I sleep well. This early bedtime is consistent with the idea of “Early to Bed.”
  • Morning Ritual: I begin my day by getting up at 5 a.m. After a good night’s sleep, the first thing I do is drink a refreshing glass of water to rehydrate my body.
  • Religious Connection: After that, I perform Fajr Salah (morning prayers) and spend time in thanksgiving, creating a connection with God at the start of the day.
  • Knowledge Improvement: To expand my awareness of Islam, I read the Quran and have thoughtful discussions with a mentor, exchanging Islamic knowledge.
  • Physical Activity: As part of my morning routine, I go for a quick walk and engage in light exercises. This not only helps with physical fitness but also acts as a brain booster.
  • Personal Hygiene: Following my morning activities, I take a nice shower to reenergize myself for the day ahead.
  • Healthy Start: One of the most crucial aspects of my plan is to fuel my body with two or three dates coated in honey and a cup of hot tea without milk or sugar. This gives me a nutritious and energy-boosting start to my day.
  • Creativity: After these rituals, I enter into creative activity. Addressing assignments, working on presentations, developing ideas, engaging in creative writing, and any other responsibilities that need creative thinking are examples of this.
  • Healthy Breakfast: After my creative work period, I take a break to enjoy a healthy and delicious breakfast, ensuring that my body receives the nutrition it requires.
  • Office Journey: My morning routine concludes with me leaving the house for work with a refreshed mind, a spiritually enriched start, and a good balance of physical and mental well-being.

 

This thorough practice shows my dedication to a holistic way of living, incorporating spiritual, physical, and creative components for a better and more fulfilling way of life. I am grateful to the Almighty Allah for the beneficial transformations given to me after a year of faithfully maintaining my modified lifestyle, which includes early rising and a more disciplined routine.

The extensive changes in many areas of my life are visible, and I attribute these gifts to my dedication to my activities. Here’s a full list of the good things that happened to me:

  1. Improved Relationships: The improvements resulted in more positive interactions in both my personal and professional relationships. The early morning routine had a good impact on how I communicated, building stronger bonds with those around me.
  2. Sharpened Focus: The sharpening of my focus was a noteworthy improvement. The discipline of getting up early and following a set schedule helped me focus and pay attention in my everyday responsibilities.
  3. Better Social Skills: I discovered that I was more competent at making friends, allowing for easier and more significant interactions than before. This development in social skills improved the quality of my personal life.
  4. Stress and Anger Management: My disciplined lifestyle helped me manage and control my reactions to stresses and reasons for anger. In the face of challenges, I developed a stronger feeling of calm and resilience.
  5. Improved Physical and Mental Fitness: Morning activities helped to increase both physical and mental fitness. I saw an improvement in my energy levels and overall well-being.
  6. Increased Positivity: In comparison to the previous year, my view on life has improved. The constant practice of a meaningful habit contributes to a more optimistic and joyful attitude.
  7. Increased Creativity: Creativity has increased significantly. Working on creative projects in the early hours of the morning proved to be a stimulus for enhanced imaginative thinking and ideas.
  8. More Opportunities: There was a considerable increase in the number of opportunities that presented themselves. More doors opened, giving opportunities for personal and professional development.
  9. Authorship Accomplishment: The strict practice gave me the mental space and time I needed to put my imagination into authorship. I wrote and published two books, which was a huge accomplishment for me.
  10. Appreciation for Creative Stuff: I received more praise for the creative stuff I created, which included videos, blogs, and articles. The audience grew as a result of the excellent response to my work.
  11. Professional Development: The positive improvements in my personal life transferred to my professional life, where I was given greater responsibility and chances. This led to a better overall career path for me.
  12. Charitable Initiatives: With a stronger sense of purpose and better financial stability, I was able to launch charity initiatives aimed at assisting those in need. This was a huge step toward giving back to the community.

It is essential to follow natural, universal rules rather than depending entirely on man-made regulations. Our creator, who knows the most about our well-being, has given us guidelines. If you want to reach your goals, accept yourself as a morning person and avoid the night owl lifestyle.

However, being a morning person is useless without dreams, vision, goals, and targets. Life is short, and time is our most valuable gift. Do not waste it; time, no matter how much we cry, never comes back.

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About The Author: K M Hasan Ripon
K. M. Hasan Ripon is a distinguished figure and a leading career mentor in Bangladesh, recognized for his expertise as an entrepreneurial ecosystem builder and employability specialist. He currently holds key positions, serving as the Executive Director of Bangladesh Skill Development Institute (BSDI), Managing Director of Global Entrepreneurship Network Bangladesh, Executive Director of Daffodil Education Network, and Vice President of Start and Improve Your Business Foundation of Bangladesh.
With a wealth of experience, he has consulted for over 100 national and international organizations, providing training for executive development in areas such as communication, leadership, customer service, team building, negotiation, and problem-solving. Hasan Ripon’s extensive reach includes visits to 64 districts in Bangladesh and travels to 40 countries as a speaker and workshop facilitator. He has inspired over 100,000 youth and graduating students in 100+ public and private universities and polytechnics in Bangladesh, as well as more than 20 international universities.
Hasan Ripon is widely recognized on social networks, with a fan following exceeding 3 million, as a skills activist and inspirational speaker. His previous roles include serving as a short-term consultant at the World Bank, consultant for Industry 4.0 (HTS) at a2i, ICT Division (government agencies), master trainer and industry assessor (CBT&A) at ILO, convener of the National Board of CYFI Bangladesh, and a fellow of the Royal Society of Arts (FRSA). He also previously served as the local president of JCI Bangladesh (Dhaka Central).
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Common Reasons Behind Startups Failure In Bangladesh

Over the past several years, there has been a notable surge in the aspiration of Bangladeshi youth to become entrepreneurs or company founders. In a nation with an approximate population of 180 million and an average age of 27.1 years (according to Worldometer), the increasing enthusiasm for entrepreneurship is a positive indication of economic progress.

The lack of full-time-paid job prospects is not only restricted to Bangladesh but also affects the worldwide environment. In 2023, I undertook a journey to over 30 universities and polytechnics, where I provided mentorship, delivered talks, and facilitated workshops. Through these encounters, I discovered that, on average, 30% of students in a class expressed a preference for pursuing entrepreneurship instead of a conventional job.

The remarkable change in perspective is deserving of recognition, and the government and other stakeholders should be credited for their relentless efforts in inspiring young people to engage in entrepreneurship. International funding agencies are actively contributing to the promotion of entrepreneurship development in their programs.

However, despite the prevailing enthusiasm, it is an undeniable fact that a significant proportion of businesses encounter failure, with over 70% failing to survive beyond the initial year (according to CB insights).

The Common Challenges

Being extensively engaged in the entrepreneurial ecosystem, I have made deliberate attempts to comprehend the causes of these failures and have successfully recognized common pitfalls.

  • An ongoing obstacle is the mistaken belief that starting a business requires a significant amount of initial funding. A multitude of ambitious entrepreneurs, particularly those coming from rural regions and beyond the city center, are overflowing with creative ideas. However, individuals frequently yield to a rigid attitude, believing that they are unable to start a startup without substantial cash or waiting for grants. As a result, promising ideas diminish.
  • Another significant observation is the absence of adequate market research and networking. Many ambitious entrepreneurs encounter failure in establishing connections with established businesses or in seeking solutions due to their poor questioning. Concepts may ignite, but without effective research and collaboration, they have difficulty gaining momentum.
  • Collaboration is an essential element of entrepreneurship, but certain entrepreneurs have a tendency to excessively depend on the abilities of others. For example, individuals who want to develop technology-based businesses may collaborate with friends who are knowledgeable about technology. However, when these coworkers leave for any cause, startups become vulnerable to failure.
  • There is a noticeable gap in financial literacy. A lot of entrepreneurs lack understanding of product costing, initial investments, fixed and variable expenditures, as well as the complexities of annual planning, which includes marketing, hiring, sales, and accounting.
  • Based on my personal observations, the primary factors contributing to the failure of startups are typically legal obstacles, cash misallocation, insufficient market analysis, and a lack of financial expertise. Tackling these difficulties requires a comprehensive approach.
  • Although the government has made praiseworthy endeavors to promote an entrepreneurial ecosystem, there continue to be legal complications. Enhanced and entrepreneur-friendly rules and regulations can greatly promote an environment that is favorable for innovation and the expansion of businesses.

Piloting Solution

Within the domain of entrepreneurship, conversations frequently center around obstacles, although it is the solutions that genuinely create the path to achievement. As a passionate supporter of promoting entrepreneurship among youths, we have developed a comprehensive solution. The solution is presented as a structured course module named InnoBiz which consists of three essential components:

  • Idea Development and
  • Business Plan Development with Pitching Strategies
  • Compiling of all Legal documentation with Access to Funding Support

The implementation phase entailed validating the module’s correctness with stakeholders. In order to execute the program, we have chosen Daffodil Polytechnic as the model institution and are in the process of establishing an Entrepreneurship Development Club to foster an entrepreneurial culture and mindset. An individual was selected to supervise club operations with the assistance of a committed team of five members. Six individuals were prepared with the requisite abilities through a training of trainers program.

A rigorous selection procedure was developed to find prospective entrepreneurs, which included administering a questionnaire to 200 candidates. Following rigorous workshops and seminars, a total of 25 students were chosen based on their objectives and dedication. The participation of reputable startup founders and mentors, who shared significant insights and experiences, further increased the program’s effectiveness.

In order to get investments, strategic alliances were established with Bangladesh Venture Capital Limited and KnowledgeVale, a provider of co-working spaces. After the logistical and resource developments, the group of 25 students participated in a vigorous 8-week program focused on developing entrepreneurial skills. This program included two weeks of classroom-based activities and six weeks of practical work both in the field and at a desk. The 25 trainees and 6 mentors maintained constant communication using WhatsApp and Google Meet. Various forms, tools, and research data were exchanged and discussed online and offline during desk jobs.

After finishing the program, the students acquired expertise in several areas, such as financial literacy, product/service costing, team building, branding and promotion, investment strategies, market research, sales strategies, cost analysis, profit forecasting, cash flow management, funding sources for startups, legal documentation, human-centered problem-solving, prototype development, and idea presentation and pitching.

Outcomes Piloting Solutions

The Entrepreneurship Festival marked the summit of this undertaking, during which the 25 students exhibited their prototypes aimed at addressing the specific challenges described in their business ideas. Prominent startup founders offered significant insights derived from their experiences. Bangladesh Venture Capital examined and authorized the business’s ideas, resulting in immediate financing for two students, while others launched the businesses using their own funds. These 25 students are now getting mentorship support through the Entrepreneurship Development Club.

This model emphasizes the significance of not only motivation but also the necessity for a comprehensive approach that includes multiple stakeholders. By implementing comparable entrepreneurial models, universities, colleges, and institutions globally may facilitate the transformation of our skilled young individuals from passive job seekers to active job creators. This, in turn, will cultivate a climate of innovation and economic empowerment.

Conclusion

To sum up, promoting entrepreneurship in Bangladesh needs an in-depth approach that includes improved networking opportunities, financial literacy, and regulatory reforms. By tackling these obstacles, we can enable the ambitious entrepreneurs of Bangladesh to transform their innovative ideas into thriving enterprises, ultimately boosting the country’s economic fulfillment.

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About The Author: K M Hasan Ripon
K. M. Hasan Ripon is a distinguished figure and a leading career mentor in Bangladesh, recognized for his expertise as an entrepreneurial ecosystem builder and employability specialist. He currently holds key positions, serving as the Executive Director of Bangladesh Skill Development Institute (BSDI), Managing Director of Global Entrepreneurship Network Bangladesh, Executive Director of Daffodil Education Network, and Vice President of Start and Improve Your Business Foundation of Bangladesh.
With a wealth of experience, he has consulted for over 100 national and international organizations, providing training for executive development in areas such as communication, leadership, customer service, team building, negotiation, and problem-solving. Hasan Ripon’s extensive reach includes visits to 64 districts in Bangladesh and travels to 40 countries as a speaker and workshop facilitator. He has inspired over 100,000 youth and graduating students in 100+ public and private universities and polytechnics in Bangladesh, as well as more than 20 international universities.
Hasan Ripon is widely recognized on social networks, with a fan following exceeding 3 million, as a skills activist and inspirational speaker. His previous roles include serving as a short-term consultant at the World Bank, consultant for Industry 4.0 (HTS) at a2i, ICT Division (government agencies), master trainer and industry assessor (CBT&A) at ILO, convener of the National Board of CYFI Bangladesh, and a fellow of the Royal Society of Arts (FRSA). He also previously served as the local president of JCI Bangladesh (Dhaka Central).