(a) Read the case and respond the following questions.
Anwar was a real craftsman when it came to being a machinist. Anwar had learned almost all that he knew from Daud, his first and only employer. Anwar was married and had three young children. He was 33 years old and had worked for Daud ever since he finished his tour in the Army. In 12 years, Anwar had polished his skills under the watchful and critical eye of Daud. Daud was quick to recognize Anwar's talent for the trade. Anwar had a positive attitude about learning and displayed a drive for perfection that Daud admired.
Daud's Machine Shop was a successful small business. Its success was based mostly on the reputation for quality that had been established over its 42 years in operation. Daud had come to this country with his new wife, Salma, when he was in his late twenties. Now the business was a success, but Daud remembered the early years when he and Salma had to struggle. Daud wanted the business to continue to produce the highest quality craftsman products possible. On a Friday evening, he called Anwar into his office at closing time, poured him a cup of half-day-old coffee, and began to talk with him about the future.
" Anwar, Salma and I are getting old and I want to retire. It has been 42 years of fun but these old hands need a rest. In short, Salma and I would like you to buy the business. We both feel that your heart is in this craft and that you would always retain the quality that we have stood for." Anwar was taken back by the offer. He, of course, knew Daud was getting older, but had no idea Daud would retire. Anwar and his wife, Tina, had only 1,00,000 Taka in the bank. Most of Anwar's salary went for the normal costs of rearing three children. Daud knew Anwar did not have the money to buy the business in cash, but he was willing to take a portion of the profits for the next 15 years and a modest initial investment from Anwar.
Anwar had, for the past four years, made most of the technical decisions in the shop. Anwar knew the customers and was well respected by the employees. He had never been involved in the business side of the operation. He was a high school graduate but had never taken business courses. Anwar was told by Daud that even after deducting the percentage of the profits he would owe under the sales agreement, he would be able to almost double his annual earnings. Anwar would have to take on all the business functions himself because Tina had no business training either.
Questions:
a-1. Which entrepreneurial characteristics does Anwar have that may be important to his success?
a-2. Which characteristics could lead to Anwar’s failure?
a-3. According to the case could Daud maintain the status of active entrepreneurship if he handover his business to Anwar? If so, how?  
(b) “Entrepreneurship is the process of creating value”- clarify the statement.