Street Vendors (1).docx

Report On “STREET VENDORS: THEIR BUSINESS CHALLENGES AND SOLUTIONS”

Report On “STREET VENDORS: THEIR BUSINESS CHALLENGES AND SOLUTIONS”

Prepared for: Md. Ssimum Hossain, CFA Assistant Professor Department of Finance University of Dhaka

Prepared by: Ashraful Islam Showrov ID No: 25-074 (Section: C) Department of Finance University of Dhaka

Date of Submission: February 7, 2019

February 7, 2019 Md. Saimum Hossain Assistant Professor Department of Finance Faculty of Business Studies(FBS) University of Dhaka Subject: Letter regarding submission of report on “Street Vendors: Their Business Challenges and Solutions” Dear Sir, Here is the in-depth qualitative report of “Street Vendors: Their Business Challenges and Solutions” that you authorized on January 31, 2019. I have tried my level best to know about street vendors’ background, their nature of business, the challenges they face and the solutions to the challenges. To collect information, I visited my home district Gazipur and talked with three street vendors to know about that queries. This report describes their profile in detail. Thank you for providing me with this opportunity and hope that you’ll consider all my faults generously. Sincerely yours, Ashraful Islam Showrov ID No: 25-074, Section: C Department of Finance University of Dhaka

Contents

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Executive Summary

Street Vendors: Their Business Problems and Solutions

1. Introduction Street vendor is a very familiar person in Bangladesh, specially in urban areas. Everyday we have to purchase a lot of products, foods or takes services from street vendors. But we only have a little knowledge about their background, lifestyle and day to day business activities. To gather information about street vendors I visited Gazipur City and talked with three street vendors. The rest of the report explores my gathering information about them in detail.

1.1 Objectives of the study     

To know about street vendors background To know the day to day activities To find out the challenges faced by the street vendors while operating the business To provide recommendations for the betterment of the street vendors To improve our communication and writing skill

1.2 Location of the study The research took place at Joydebpur in Gazipur City. Joydebpur is the core center of this district. Lots of street vendors of different categories operate their business in this area. Among them I have met three street vendors operating different business in Joydebpur bus-stand bazaar road area .

1.3 Need for the study Street vendors are an integral part in our economy. They contribute a lot to the economic growth of our country. They make our day to day life easier but their actual condition is not up to the mark in Bangladesh. Usually their financial condition is not strong. Moreover, most of the time they suffer for security, sustainability and friendly business policy. So we need to know about their background , lifestyle, financial condition, business problems thoroughly and take necessary steps to support them to overcome those barriers . In this regard, research is needed to be performed in regular basis.

1.4 Methodology To gather information about street vendors I have reached three street vendors. At first I tried to find street vendor who was not busy in his activities. I went to his location and purchased a product. In the meantime I started oral conversation with him regarding the entrepreneur’s name, age, family, present address, home address, product line, challenges he faces to operate the business and the solutions he makes. In took notes of all the information that I got from them.

1.5 Limitations of the study    

Lack of experience to build a proper communication Some street vendors expressed their unwillingness to take photo of them Some totally denied to give any kind of information Sometimes they did not want to tell about the problem they face

2 Street Vendors’ Profile This part portrays three street vendors’ background, their nature of business, the challenges they face and the solutions to the challenges.

2.1 Street vendor’s Profile 1

Image 1: Md. Sujon (Right Side) Source: Own Photography

Table No 1

Heading Name Age Marital Status Present Address Permanent Address Number of Children Business Nature Challenges of Business Solution to Challenges

Description

2.2 Street Vendor’s profile 2

Image 2: Abdul Mannan Source: Own Photography

Table No 2

Heading Name Age Marital Status Present Address Permanent Address Number of Children Business Nature Challenges of Business Solution to Challenges

Description

2.3 Street Vendors Profile 3

Image 3:Md. Sohel Mia Source: Own Photography

Table No 3

Heading Name Age Marital Status Present Address Permanent Address Number of Children Business Nature Challenges of Business Solution to Challenges

Description