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To bring overall improvement in a venture, the experienced entrepreneur and Prime Ministeru2019s Private Industries and Investment Adviser, Salman F Rahman emphasizes making investments.
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Salman F Rahman Prioritizes Business Expansion through Investments
To expand a business, entrepreneurs implement different strategies. To bring overall improvement in a venture, the experienced entrepreneur and Prime Minister's Private Industries and Investment Adviser, Salman F Rahman emphasizes making investments. The co-founder of the top Bangladeshi conglomerate, BEXIMCO Group, has focused on improving various sectors and areas with the adoption of this strategy. Mr. Rahman supports the role of both external and internal investments. Depending on the type, a venture can attract improvements to experience diversification, profitability, and strong relationships with other businesses.
Role of Investments in Expanding a Business During different phases of time, entrepreneurs should make investments in their businesses. Focusing on the areas of improvement, specific investments can result in better output. As a consequence of the same, their ventures can perform better. Hence, in the time to come, these ventures can undergo expansion.
Types of Investments Businesses Should Make Broadly, one can categorize business investments as internal and external. Both types are important and yield varying effects to benefit the company. The co-founder of BEXIMCO Group and Prime Minister's Private Industries and Investment Adviser, Salman F Rahman is of the view that under these 2 categories, the investments differ as per the areas of improvement/growth a business requires.
Internal Investments Investing in a company internally refers to enhancing the areas that require attention. It may experience challenges that can best indicate these areas of attention. For certain businesses, these areas can include low productivity, a small workforce, and product/service quality limitations, among others. Regarding quality limitations, Salman F Rahman believes in upgrading the measures or machinery for enhanced results.