In: Business and Management

Submitted By FrankRosado
Words 1035
Pages 5
Frank Rosado Suarez
Professor Joseph Brennan
Individual Project 1

In this paper I will be discussing how I will advice a high school friend of mine Bill Hudson. Bill asked me some advice on a business proposition that he just had. Bill is overwhelmed by the proposition and need a good advice.

Introduction Bill has been an employee of Hugo’s Machine Shop for the last 12 years. Recently Hugo’s Machine Shop owner, Hugo Huffman offered to sell the business to Bill. Hugo knew that Bill didn’t have the money to buy the business and offered to Bill to give him a portion of the profits for the next 15 years and a modest initial investment.
Small Business Owner Characteristics Bill has some characteristics that will help him succeed as a small business owner. The following are the characteristics that can help Bill succeed. 1. Enjoys what he does- Bill has shown with his 12 years working for Hugo’s Machine Shop that he really enjoys what he does. Because this has been his only job after he finish his tour in the Army. 2. Takes the job that he does seriously- He has shown how serious he is about his job. Bill has learned everything that Hugo Huffman taught him perfecting his skills. 3. Get known as an expert- Mr. Huffman recognize Bill attitude and drive towards perfection. 4. Build a reputation- Bill has shown Mr. Huffman how reliable his job can be. Nothing but perfection.
This are some of the characteristics that will help Bill succeed as a business owner. Even do he needs to learn other things to assure his success he has a solid base to build on, (Stephenson, 2012).
Characteristics that could lead to failure In my opinion every person has characteristics that could lead him to fail as a business owner. The secret of success resides on the ability of the person to recognize his…...

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