Identify ziads business market scope

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Reference no: EM133298635

Case: Ziad is an ambitious and self-taught young man. He started trading as a child selling sweets to neighborhood children, and on weekends he goes to the vegetable market to work as a doorkeeper who earns some money for his family. His mother was the one who supported the family after his father's death.

In his age of twenties, he received the first offer to buy his workshop from one of the major dealers. At that time, he was able to invest the money to open a large and multi-service car maintenance center. Ziad was managing the center himself, receiving clients, following up on finishing work and supervising workers, staying in his center for about 16 hours a day, and sometimes having to sleep in his office.

He achieved impressive success in his first year and was able to gain the trust of clients and raise new capital for expansion in the region. During seven years of great effort and hard work, Ziad was able to open 12 branches in the region, including all specializations in the field of car maintenance. Then, in 2019, he was able to own 23 branches spread across the different regions of Lebanon.

Question 1. What makes Ziad an entrepreneur? What indicator shows that Ziad has an interest in running his venture?

Question 2. In your opinion, is Ziad's business opportunity based on a trend or solving a problem for customers? Why?

Question 3. Classify his Business Model.

Question 4. Identify Ziad's business market scope.

Reference no: EM133298635

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