What must continue to be prioritized is the cultivation of a favourable business climate
Congratulations to Osama Bin Noor, the co-founder of Youth Opportunities -- a platform which helps young individuals from across the globe find educational and employment opportunities -- for being recognized as one of Asia's Top Outstanding Youth Marketers of the Year 2020.
Osama’s award-winning platform is one amongst many impressive initiatives taken by the youth of Bangladesh, oftentimes with the specific aim of improving the lives of their fellow countrymen and women.
While it is only justified for us to feel pride in stories of such success, it is imperative that we create an environment within our country which allows for more people like Osama Bin Noor to flourish and become a nation where entrepreneurs brimming with potential, vision, and ambition are not held back, and their ideas can translate to reality and help citizens.
However, we have disappointed in this regard, with entrepreneurs consistently complaining about the barriers and bottlenecks that the business community continue to face in Bangladesh, detracting them from operating smoothly, an issue which we at the Dhaka Tribune have editorialized on before.
Such obstacles are not only discouraging future entrepreneurs from attempting to set up their own businesses, but both in the medium and long runs, its detrimental impacts on the economy will be devastating as faith and trust in our investment climate starts to wane.
Instead, what must continue to be prioritized is the cultivation of a favourable business climate which nurtures the spirit of entrepreneurship.
When we create a path devoid of obstacles for our businesses to be established and then run, we not only encourage more homegrown entrepreneurs to enter to contribute to the economy, but we also attract foreign direct investment, vital components for a nation taking the next step in its developmental journey.