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Four-fold jump in LPG consumption but industry faces challenges in Bangladesh



Four-fold jump in LPG consumption but industry faces challenges in Bangladesh

A relatively new industry segment in Bangladesh, LPG is setting new frontiers of growth as the nation has stepped up its energy requirements – making the LPG demand grow exponentially. To encourage the use of LPG, government has favorable policies in place. Market insiders says, due to increased use in households, commercial entities and vehicles, the country has seen a four-fold jump over the past three years in LPG consumption.

Though introduced by the state-owned Bangladesh Petroleum Company (BPC) back in 1978, LPG has only gained prominence after 2008. According to the annual report of the Energy and Mineral Resources Division (EMRD) of 2018-19, till last year, the number of LPG consumers was 38 lakh against 2.5 lakh in the year 2009. Owing to increased LPG consumption in Bangladesh, the number of such companies has increased rapidly.

While the use of LPG is growing exponentially, the most recent emphasis has been to handle the flammable product safely. Amidst rising safety concerns, companies are bringing in innovative methods to enhance the safety levels of cylinders. For instance, Beximco Group, co-founded by Salman F Rahman has introduced the composite fiberglass cylinder which is a Type 2 or 3 cylinder, through its Beximco LPG unit – making the LPG cylinders more viable in the Bangladeshi market. The safety tenet also appeals to the rural diaspora, where people still rely on wood fuel.

Salman F Rahman also serves as the Private Industry and Investment advisor to Prime Minister Sheikh Hasina – which might bring the household energy aspect more prominent in the plans of the government in the future.

M Muntasir Alam, Chief Commercial Officer of Beximco LPG, informs, Steel cylinders are very hard and the gas pressure is always very high. Exposing them to extreme heat of the kitchen can lead to expansion of the gas inside the cylinders, making it highly flammable.

Salman F Rahman, MP from Dhaka-1 Constituency, who has already been working towards the installation of renewable energy grid in the country recently cited “We are self-sufficient in food, developing our electricity sector and our population growth is also under control.”

Furthermore, awareness sessions hosted by Ministry of Power, Energy and Mineral Resources have been centered on enhancing the existing facilities in the country- accessing all the risk factors associated with it.

Factoring in the existing safe and convenient energy solutions, Bangladeshi companies Beximco, Omera could expand their reach in Bangladesh and present export options – not unlike the recent export contract with India. As their capacity is hugely under-utilized, more such exports can help them become commercially more viable in the long run, only if they access risk factors well.

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Accounting, a terminology that defines the story of numbers, bank statements, reconciled financials. If we try to figure out one of the most relevant and significant words for accounting, we may land up concluding it as information. You must be thinking how information is relevant to accounting then the reason is, accounting refers to communicate information for the overall financial condition of the organization or a business concern. Be its collection of the business concern’s financial information, summarizing the overall health of the financials, or presenting it to the stakeholders of the organization, accounting has always been the most significant key element. Most commonly people who are equipped with the diplomas or degrees in accountancy are frequently hired for their expertise with numbers, and interpretation of the numbers to communicate the strength, weaknesses, and opportunities for the business concern through the financial statements and monetary data.

In the world full of opportunities, there are multiple options from where you can educate yourself in multiple domains like medical, science and arts and does not have any limitation that you can be hired only based on your degree or a diploma. Global scholars and educators claim that a degree program is only beneficial if the person is willing to earn it with full dedication and interest and if we talk about value-added benefits of accounting as an education, it has a diverse range of benefits that compliments the overall performance of the organization. Having an academic background of finance will eventually help you to present your ideas, interpretations of the financial statements will be helpful as a whole. If you are the one having an interest in financial accounting then diploma, degree or masters in accountancy can be an option to look upon as it may help you to perform better in your field of choice as a business person.

Business World and Degree Programs for Accounting:

Business concerns have been observed hiring people who have the intention to be the best in their game with the relevant academic background. If your passion for accounting is complimented with a diploma, degree or masters in accountancy then there are huge chances that you can prosper better than the people with no academic background. For this reason, the world is being a better place by removing the hurdles of education and transforming the classroom settings to online education platforms and macc online is one the same that helps you to earn a master’s degree without the hassle of regular classes in the institute. Your comfort zone becomes your classroom.

Types of Accounting for Business Models: By every passing day the world establishes a new The prospect for accounting due to its diversity and possibility of inclusion in every business model. In recent time there are several types established and being practiced for accounting by different business models, some of them are as follows:

  • Financial Accounting
  • Public Accounting
  • Forensic Accounting
  • Tax Accounting
  • Government Accounting
  • Management Accounting

Among the above-mentioned types of accounting, financial accounting is one of the most prominent and common types utilized by almost every business concern to convert numbers into information that can present the actual picture of the corporation.

Significance of Accounting on Business: Financial accounting never fails to impress by the impact it creates on the overall performance of the organization. Among those impressive attributes some of the most frequent impacts are as follows:

1). Evaluation of Business Performance

It has been observed that different business models have different evaluation criteria for the performance but one thing that remains constant is the evaluation of financials as the interpretation of financial statements has the same objective as to demonstrate the condition of the business concern. If we talk about the importance of having a master’s degree in finance, it will be unfair if we do not talk about business performance as financial records, statements reflect the operational situation along with the strengths and weaknesses of the organization. If the interpretation and evaluation of the records are done correctly, it will help the stakeholders of the business to channelize their potential to convert their weakness to the opportunities to improve.

2). Validation to Rules and Regulations

Considering business models, every business model has a very different set of rules and regulations and somehow they may vary from state to state as well. Accountancy is a domain that helps the organization to follow the pre-defined rules, regulations and compliance structures defined in the favor of the business concern as an appropriate accounting system of the organization will be helpful to validate statutory compliance imposed by the state. VAT, pension funds, income tax, and sales tax are some of the aspects that are imposed by the state to help the organization to maintain good workflow without any liabilities to be paid in the name of statutory compliance.

3). Budgeting For Future Project:

In recent times, business tycoons concluded that accounting has the potential to make or break the business. Good financial accounting and the interpretations play a significant role in making the organization flourish as it helps to predict the upcoming challenges to the business model. Business trends are highly dependent on the history of the business model as they establish the dos and don’ts for the organizations stepping in similar business models. However, it is the budgeting and forecasting that helps the business concern to predict the overall profitability of the project.


Even though it is a personal choice to pursue education up to the masters level but it eventually creates an impact on others. You being a professional in accounting can transform the overall concept of success for the organization through your expertise. Your interpretations are highly valuable as the future of the business is solely dependent on the reports you develop based on historic data of the corporation. One of the best things you can do to your resume is to add an advance degree program or master’s degree that may help you to get into the business with lots of perks and benefits in the long term. Apart from the perks and benefits, the master’s degree will help you to open closed treasures of the business world.

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Investing in People is the Reason for this VC’s Success (Amit Raizada of SBV)



Invoicing Impairments - Why Templates Are Ideal For A Quick & Easy Solution

Nothing about the venture capital industry is easy. Between the long hours, the pervasive risks, and the feeling of not knowing whether a certain venture will yield a return, life as the head of a VC firm is often a combination of calculations and stress. At times when I’m overloaded, I find it helpful to pause and reflect on the reasons that I chose to become an investor – and to think critically about the common principles behind every one of my ventures. 

I encourage all aspiring investors to do the same. Without having a clearly defined set of principles, it’s easy to get lost as a venture capitalist. When you’re approached with hundreds of potential investments each year, how do you decide which to fund and which to discard? How do you know whether a venture will fit well within your portfolio or act as a headache-inducing outlier? Sure, statistics, data charts, and graphs answer a great many of these sorts of questions, but there’s no substitute for a concise set of values when faced with these decisions. 

Here is the essence of the investment philosophy that underlines the success I’ve had as founder and CEO of Spectrum Business Ventures

I always invest in people. 

I pursue investment opportunities that enrich consumers’ lives and change the world for the better. Before engaging in a venture, I find it helpful to think about the fundamentals: What do people really need or want in life? And how does the product or firm in question help them attain it? 

Through this strategy, I’ve financed ventures that develop groundbreaking cancer treatments and revolutionize sinus-care procedures. I’ve even helped companies that launch satellites into orbit and contribute to NASA missions. 

I invested in critical warehouse space in the vicinity of major airports to facilitate same-day online purchases deliveries. And I’ve always sought to create unparalleled entertainment experiences, which I believe is just as essential to the human condition. I have introduced innovative models to retail and hospitality, investing in cutting-edge restaurants like Tocaya, Bounce, and Catch LA that diverge from conventional restaurant wisdom in favor of pioneering new experiences.  

But when I say I invest in people, I don’t just invest in the consumer – I also seek to invest in the people developing the product. In examining investment opportunities, I never consider failure a disqualifier – instead, I see it as a prerequisite. While I engage innovators with proven track records of success, I believe that true innovation is a process and that the best strategic partners are those who have experienced—and learned from—past failures. 

I invest in the products, services, and opportunities that change the course of consumption. 

I’ve always been an avid observer of business trends, and I closely watch the behavior of Gen Z and Millennials as indicators for future markets. I use their preferences to craft long-term investment strategies that pursue the products and experiences that will dominate the market in the coming decades. 

This principle has played a significant role in many of my investments. Tocaya is perhaps one of the best examples of this. Serving fast-casual food with a plethora of vegan and low-calorie options, Tocaya plays directly into the preferences of the health-conscious younger generations.  

This strategy also spurred my investments in esports. After watching my teenage sons become fascinated with online gaming, I began to wonder whether there’d be a viable market for this new fixation. After doing some research, I invested in an esports franchise and eventually helped build out the esports market as a whole. When I first invested in esports, this nascent industry was often ridiculed by pundits. Now, esports has its own section on ESPN’s website.

I’m focused on the consumer of the future – and I’m often willing to accept short-run losses to seize a foothold in the industries that will define the economy of the 2030s, 2040s, and 2050s. 

I take risks in pursuit of bold ideas 

My firm, Spectrum Business Ventures, stands by its long-standing motto, “We see the world differently”. When evaluating investment opportunities, I encourage my team to look past conventional wisdom. Some of my most successful investments have come from this approach.  

One key way to do this is to look for the peripheral investment opportunities that a major new industry may create. Take gift certificates, for example, which created a boom as they transitioned from paper to plastic. Rather than invest in the gift card industry itself, I invested in a company that provided myriad services to the businesses that wished to issue gift cards. I found a market ripe for innovation and financial-return within a wider market. 

My decision to purchase warehouse space follows similar logic. Online shopping now reigns supreme, but rather than found my own online venue and try to compete with the likes of Amazon, I decided to look to the periphery. No online supplier like Amazon (and especially smaller players) could get by without warehouse space, allowing my firm to take advantage of a market within a market. 

My investment philosophies are by no means universal. These principles have guided me through nearly two decades in the venture capital industry and into many of my most profitable investments, but the whole point of having an investment philosophy is to have guidelines that work for you. 

I encourage aspiring investors to reflect on the principles they hope that their portfolio will mirror. To do this, you’ll need to consider a few questions: 

In what kind of industries do you wish to invest? What products or services do you think people need? How do you wish to seek out new opportunities? How do you hope to choose between those opportunities once you find them? 

Formulating answers to these questions is integral to one’s development as a venture capitalist. 

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Invoicing Impairments – Why Templates Are Ideal For A Quick & Easy Solution



Invoicing Impairments - Why Templates Are Ideal For A Quick & Easy Solution

Many small business owners rapidly become disorganized under the weight of managing their invoicing processes. It might seem strange but something as simple as an invoice presents many businesses with an insurmountable problem. When paperwork starts to add up or you can no longer keep track of which customers have paid you and which are still outstanding, you are setting yourself up for failure.

Fortunately, there are ways to get organized when it comes to invoicing. Using an invoice template, for example, is the best place to start. To find a good invoice template, it is important to know what kind of benefits you are looking for from the document. Therefore, having a bit of guidance on this topic will set you on the right track.

Let’s look at why invoice templates are ideal for a quick and easy solution:

Save Time

Naturally, starting with an invoice template will save you from having to create an invoice from scratch. This shaves off valuable time that you can use for more pressing concerns in your business. Rather than spending hours making sure that you have included every important detail in an invoice, you can start with a template and take the stress out of the process. Since every business owner needs to consider time as a scarce resource, it is imperative to cut down on busywork whenever you can.

Minimise Errors

Making an invoice from scratch will leave you prone to making errors and omissions that could hinder your ability to get paid. Starting with a template, however, will allow you to keep things consistent. By having all of the relevant information already on the template, you will only need to fill in some of the details for each client. This dramatically reduces the chances that you will make mistakes. Your clients will also be impressed that you have taken the time to ensure that every invoice is perfect and error-free.

Establish Your Brand

Professional invoice templates go a long way towards keeping your brand on track. When your invoice is always consistent and includes all necessary details for every client, you will develop a reputation for reliability that your clients will appreciate. Conversely, making routine mistakes in creating invoices will increase the chances that your business will be perceived as sloppy or unprofessional. Make sure that you are not inadvertently alienating your clients by keeping your invoices accurate and refined by using an invoice template.

Easy To Add Finishing Touches

Templates are always just a starting point. They take care of the essential details so that you do not miss anything important. However, they are also easy to customize and add finishing touches to. Including some features that embody and represent your brand can take your invoice to the next level. For example, adding your logo to an invoice template is a great way to make it your own. If done thoughtfully, this also allows you to use it as a form of indirect marketing. Never miss an opportunity to represent your brand in a positive light.

Get Organised With Invoice Templates

There is no reason for a small business to create invoices from scratch these days. With all of the benefits you can glean from using a high-quality invoice template, it makes a lot of sense to start with one. Save time, reduce errors, and represent your brand in the best possible light by starting with an invoice template. Start by finding a great one through your invoicing software or search online for free alternatives.

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Emotional attachment is not just restricted to people, animals, or homes. People get emotionally attached even to places. These are often places that are associated with one’s childhood or trigger feelings that bring back cherished memories of a simpler time. The attachment of a person with a place is a condition known as ‘Place Attachment.’ It is a kind of affection that is highly influenced by an individual’s feelings, emotions, and personal experiences. There is one place in Huntington which the residents of Long Island and various other parts of New York have an emotional connection with, and that is Kerber’s Farm.


Peter Kerber and his wife, Evelyn, laid the grounds of Kerber’s Farm, in the heart of the most vibrant urban centers of Long Island, Huntington. Originally a poultry farm, Kerber’s Farm lies at the undeveloped Pulaski Road. In the year 1941, the couple opened a farm stand and pie shop. In just a few years, it became the community’s go-to-spot due to its exceptional quality of baked items and fresh produce, eggs, chicken, and ice cream. Vast potato fields surrounded Kerber’s Farm, and people began to get emotionally attached to the roadside farmstand.

The quality of products and the hospitality of the couple turned the farm into a legacy for the town. However, things did not stay the same for the farm, and in 2013, it was at that time it faced its unfortunate fate, similar to all other farms in its proximity. In the year 2013, the farm fell into a state of disrepair. Due to its deteriorating condition, Kerber’s Farm was slated for development.


Even though the farm had lost its glow, it was not the end of it. It was part of the town’s legacy, and it was about to be turned into a commercial project. Developers decided to build houses on this property. Kerber’s Farm was a significant part of not only of every Huntington resident’s life but also for people who are living in other parts of Long Island. Nick Voulgaris was one of those people who had a strong connection to the property and used to visit it frequently with his family as a child. Upon receiving his driver’s license, this was the only place his parents allowed him to drive to as a teen.

The farm laid fallow for a few years and was put up for sale. Nick Voulgaris used to call the number mentioned on the ‘for sale’ sign and inquire about it. In April 2013, he was finally able to purchase the farm as he could not bear to see his favorite childhood spot being torn apart. He literally sold his apple stock and used his entire savings to buy the farm to make an apple pie.

He made efforts to retain the farm’s original look, and that is why vintage tile was used while renovating the farm. One-acre of the three-acre land was replanted with tomatoes, string beans, eggplants, and peppers. In August 2013, the farm reopened and attracted people from far and wide to enjoy the restored facility.

People were overwhelmed to see the farm restore its operations. According to Nick, “There are people who come in and tear up because they remembered this place and knew it was going to be bulldozed and [love] the fact that it’s been resurrected.” People send Nick letters telling him how grateful they are for him for restoring the town’s legacy.

Today  Kerber’s Farm grows and sells fresh produce and has launched its product line. Blueberry jams, apple pie kits, fresh herbs, extra virgin oil, and hand-poured candles.  In addition to these products being sold at Kerber’s Farm, its line can be found around the United States in Williams-Sonoma, Neiman Marcus, and all Nordstrom stores.  The farm is not only a spot to get fresh produce and baked products, but it also serves as a café. Visitors can enjoy a variety of different items for breakfast, lunch, and dinner. New England-style classic lobster rolls, pies, cheddar buttermilk biscuits, and coffee are all on the menu.


Kerber’s Farm is gaining popularity, and people come from all New York to enjoy the freshly baked pie, lobster rolls, and enjoy the farm feels. The farm operates a year-round country market and raises chickens, honey bees, and grows organic vegetables.  The farm also has two vacation homes on the property and an electric car charging station. The future plans for this farm include the opening of a farming education school.

Kerber’s Farm has been featured in several notable platforms. It appeared in the New York Times and four times in the Oprah Magazine. Other platforms that recognized the growing popularity of farms include Food Network, CBS, Victoria, Southern Living, Architectural Digest, Real Simple, Edible, Hamptons, Eater, and The New York Post, CNN, East Hampton Star.

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How to Use PPC Advertising to Diversify your Traffic?



How to Use PPC Advertising to Diversify your Traffic?

PPC or Pay-per-Click advertising is an excellent tool that provides you with the opportunity to target the audience in an effective manner. If you merely focus on conventional SEO tactics, you are always going to miss out on a section of searchers, irrespective of how high your rank is. However, PPC services allow you to target your customers from different aspects and generate optimum exposure. In this blog, we are sharing some of the ways you can use PPC service to boost your traffic.

  1. Start with Good Content

 There are three main projects in PPC advertising ads, ad groups, and campaigns. And each of these projects needs quality ad copies to generate positive click through rates. When it comes to building ad copies you have to focus on the headline, description, URL and network-specific elements. The content you create will depend on the network. For instance, if your network is a search engine, you should focus on text-based ads whereas for social media networks image-based ad copies are more relevant. Make sure your headline is creative as it is the first thing that viewers will come across. When it comes to writing a headline stay relevant and generate curiosity, this is where the expertise of PPC services in India proves to be beneficial. 

  1. Creating Ad Groups

When you set up ad groups focus on two aspects giving relevant names and selecting the right targets for the ads. While selecting the ad group name is quite easy, targeting the campaign requires you to be more careful. If you end up targeting the group, you will not see any results, irrespective of how good your ad is. In the case of a search engine, you will have to select keywords for which the ads will be displayed. And for social media networks, you can target an audience based on interests and locations.

  1. Being Relevant

Once you have created an excellent ad, you need to focus on providing the customers with a relevant landing page. If your campaign is on the search engine, you have to provide visitors with a relevant landing page. For example, if you have targeted a keyword “buy t-shirt”, the user searching for it, clearly wants to buy a t-shirt. So in this case, the landing pages should be the product page of your website. Considering that you have put a relevant landing page link, you are likely to experience a high conversion rate. 

However, social networks don’t have any direct commercial purpose and placing ads there can seem irrelevant to the users. In this case, you can combine PPC advertising with email marketing. You can provide people with lead content on the landing page in order to acquire their email and further send them valuable information. 

On the whole, if you do not create a profitable ad, you will never see a rise in sales. If you keep on investing money on an ad that has poor ROI, you will quickly lose run out of your marketing budget. So when you are starting out divide your investment in different ad networks, and see what works best for your business. This is the best way to figure out the ROI of a PPC service. 

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