Bilal was a genuinely skilled worker when it came to being a motor mechanic. Bilal had adapted practically all that he knew from Shaheer, his only boss. Bilal was married and had four children. He was 45 years of age and had worked for Shaheer since the time he completed his visit in the Army. In 15 years, Bilal had cleaned his aptitudes under the attentive eyes of Shaheer. Shaheer rushed to perceive Bilal's ability for the exchange. Bilal had an uplifting disposition about learning and showed a drive for flawlessness that Shaheer respected.

Sha heer's Machine Shop was a fruitful private company. Its prosperity depended generally on the notoriety for quality that had been set up over its 40 years in business. Shaheer had resulted in these present circumstances nation with his new spouse, Zoya, when he was in his early thirties. Presently the business was a triumph, yet Shaheer reminisces the early years when he and Zoya needed to encounter problems. Shaheer needed the business to keep on creating the most excellent specialist items imaginable. One day, he called Bilal into his office at shutting time, poured him some coffee, and started to chat with him about what was to come.

"Bilal, Zoya and I are getting old and I need to quit. It has been 40 years of fun yet these old hands need a rest. To put it plainly, Zoya and I might want you to purchase the venture. We both feel  that your heart is in this specialty and that you would consistently hold the quality that we have stood for." Bilal was reclaimed by the offer. He, obviously, knew Shaheer was getting older, however, had no thought Shaheer would quit. Bilal and his significant other, Sara, had just PKR 15,000 in the bank. A large portion of Bilal's pay went for the ordinary expenses of raising three kids. Shaheer knew Bilal didn't have the cash to purchase the business in real money, yet he was happy to take a segment of the benefits for the following 15 years and an unassuming starting money from Bilal.

Bilal had, for as far back as five years, settled on the greater part of the specialized choices in the shop. Bilal knew the clients and was all around regarded by the workers. He had never been engaged with the business side of the activity. He was a secondary school graduate however had never taken specialized courses. Bilal was told by Shaheer that significantly in the wake of deducting the level of the benefits he would owe under the business contract, he would have the option to practically twofold his yearly profit. Bilal would need to take on all the business capacities himself in light of the fact that Sara had no business education also.

A. In your point of view, which entrepreneurial characteristics does Bilal have that may be important to his success? Explain why. Your answer must be in bullet points.      

 B. What might lead to Bilal’s failure? Justify your answer. Your answer must be in bullet points                                                                                                              

C. What steps should Bilal take to stay away from the consequences common to a small business? Justify your answer. Your answer must be in bullet points                                                                                                                                                                    

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A Bilals entrepreneurial characteristics Adaptability Bilal has shown the ability to adapt and learn from his boss Shaheer This is a key trait for ent... View the full answer