“Empowering Bangladeshis Worldwide: How NRBs Are Driving Digital Transformation for Small Business Success”
The narrative of how Non-Resident Bangladeshis (NRBs) are adding value to their communities worldwide is compelling, especially in the context of the challenges faced by small businesses. Abul Nurujjaman, a multi-award-winning accountant and a member of the Intuit QuickBooks Accountant Council, highlights the critical role of digital transformation in this landscape.
His recent engagement at the UK Labour Conference underscores the pressing issue that over 50% of UK small businesses may struggle to survive beyond their initial five years. This statistic points to a broader challenge that accountants and business advisors must address: how to bolster the resilience and sustainability of these enterprises.
During discussions led by Kerry McLean and Secretary of State for Business and Trade, Jonathan Reynolds MP, the focus was on leveraging digitization and responsible AI tools. These technologies can significantly enhance productivity and competitiveness, which are essential for the survival of small businesses.
Nurujjaman emphasizes that his experience supports the notion that going digital leads to improved VAT accuracy, better communication, and streamlined processes. By advocating for digital adoption, NRBs and accountants alike can foster greater financial confidence among small business owners, empowering them to navigate the complexities of the business environment more effectively.
In essence, NRBs are not just contributing economically; they are also facilitating a cultural shift towards innovation and resilience, ensuring that Bangladeshis around the world can thrive in an increasingly digital economy.
