In the flurry of all the painfully similar drama serials, talk shows and music programs, I was wondering if its ever possible to have a show pretty much like Dragons’ Den, where interested venture capitalists used to hire or fire potential entrepreneurs or executives who they thought could do the talk and walk the mile. It’s a known fact that there are many potential entrepreneurs across Bangladesh who are bubbling with their nascent business ideas, but they just can’t get the headstart due to lack of exposure and/or patronizing. Not everyone needs to be a BBA graduate from IBA or NSU to be a skilled manager, I believe management is more a mental frame of mind, an aptitude and attitude, rather than paper certificates from top-ranked B-schools. Those who have it, can do it, with some initial hand-holding. And they don’t necessary need to be enrolled in a private university or the best business schools. Pretty much like the singing talent shows where wanna-be song birds display their singing talents, similarly, a budding entrepreneur might come up to face a judge panel and/or audience vote to evaluate his/her business idea.
I am not very clear about how the Battle of the Minds operates, something executed by the tobacco producer in Bangladesh…how the participants are selected and why. Similarly, HSBC Young Entrepreneur Award also seems to have a regional appeal and popularity. Bangladeshi students have already shown evidence of merit and potential. But what is not clear is what happens to them afterwards? How many of them have truly been successful in realizing their initial business ideas? If they have succeeded, are we tracking it? If their ventures have failed, do we know why? How many of them genuinely chase their dreams and turn the dreams into reality? Or is it just that they are good in academics which produced a great business plan and landed them with the award? But in reality, they had no intentions to start such businesses?
So the point is, these entrepreneurship awards and close door competitions sponsored by any particular company should graduate itself to the public domain. General people can sometimes be a better judge and powered with technology such as SMS, they can vote out or vote in their preferred entrepreneurs. Finally, the one who wins, shall actually start the business with the seed capital provided by one or many of the venture capitalists sitting in the judges panel.
So I think its time to say au revoir to airy talks in classrooms and seminars on entrepreneurship, and limiting the activities to giving away micro and macro awards to budding Royal Bengal Entrepreneurs with nominal monetary aid. Rather its high time that the movers, shakers and thinkers of entrepreneurship start taking shares in the business ideas or projects which they think can reap great benefits. Actions are louder than words and than this blog post too. So how about a TV program like this to bring me back in front of the TV sets once again, without switching channels this time?