》 INTRODUCTION :
Due to scientific and technological advancement, a business person must possess the basic skills and knowledge about his business. The success or failure of a company mainly depends on the person who runs it.
》DEFINATION OF BUSINESSMAN :
"Every person who is connected with any legal activity to make a profit. The person may be a distributor of goods or consultant or owner of a factory" OR
A "Businessman is a person who is engaged in buying and selling or in production of goods and services to earn profit."
QUALITIES OF A GOOD BUSINESSMAN :
The quality of a good businessman is as follow:
》Personal Qualities
1) Foresight:
A good business person should be careful about future expectations and can foresee. If he fails to anticipate the demand for his goods, then he can suffer loss.
2) Courteous:
A good business person must have the quality of courtesy. It means that he must be polite with his employees and customers in any personal or business dealing. In this way, he can win their trust and earn more profit .
3) Hardworking:
A good business person must be diligent and hardworking. He should be well-balanced and cool-minded and have the ability to work for long hours. A lazy person can be harmful to the business.
4) Honest:
A business person should be honest and sincere in his dealings. The goodwill of the business depends on his honesty. There should be no fraud or deceit in the industry.
5) Man of Principles:
A good business person must follow the basic standards and principles of morality and ethics in business dealings. This strategy helps to expand the business.
6) Confident:
A good business person must be confident. This personal quality puts the businessman in a position where he can work with great determination even in unfavorable circumstances.
7) Leadership:
A man who wants to get success in business must have the quality of leadership. The workers and subordinates work wholeheartedly if they influence the owner (businessman) on their minds.
8) Patience:
Patience is an asset for a businessman. He has to meet with many persons about business matters. So, there is always a need for patience. If the trader loses his temper, then he may face problems and suffer loss.
》Professional Qualities
9) Ability to Plan and Organize:
A business person needs to have the ability to plan and organize business affairs effectively. He should consider all different available alternatives before making a decision. A good planner can make the best decisions for his business.
10) Capital:
Capital is necessary for business. According to the company's needs, a good businessman gets capital from all available sources because capital is the key to success in business.
11) Experience:
Experience in managing business affairs and dealings is necessary to run the business successfully. An experienced business person can earn more profit as compared to an inexperienced trader.
12) Technical Skills:
A good business person should have the adequate technical skills required for his business. He should have concerned specialized knowledge so that he could run his business profitably.
13) Desire of Progress:
A good businessman always desires to earn massive profits by expanding his business activities. The desire for the progress of traders puts the business on the path of progress and prosperity.
14) Ability of Innovation:
It is a common observation that current and new product attracts the customers. A good business person should have the ability to produce new goods according to recent trends to attract customers.
15) Coordination:
Coordination is necessary for business. A business person should be able to coordinate the various sections of interaction with the help of employees to make the activities beneficial for the company.
●) Conclusion:
In the points as mentioned above, we know all about the qualities of a good businessman. It helps us how to improve the business with these qualities of a good businessman.
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