Bootstrapping SME business

Nowadays, SMEs hold a huge portion of total businesses in Bangladesh and it has been playing a great role in creating entrepreneurships. Large businesses need huge amounts of capital and a professional touch in management to sustain themselves; on the contrary, SME formation and operation is much easier. That is not the only reason why SME businesses are spreading here in Bangladesh. While export industries of Bangladesh are mostly in possession of large corporations, SMEs are mostly niche and need-based businesses, concerned to meet the local customers' demand. 

But this orientation of large corporations and SMEs in Bangladesh is changing in the globalised world as every business, regardless of its size, wants to reach out to the maximum number of customers and retain maximum revenue from the market. From this scenario the question arises: how could SMEs sustain and compete along with the large corporations? IP and geographical indication rights protection is going to be crucial for the competitiveness of SMEs against large corporation in countries like Bangladesh. It is up to the government to take the right step, not only for growing SMEs in number, but also to support them to sustain in the business.  

Md. Muslim Reza
Azimpur, Dhaka