Modern business is very complex. Due to scientific and technological development, changes are taking place very fast in every business field. Following are the basic personal skills or qualities which a good businessman must possess:
QUALITIES OF A GOOD BUSINESSMAN
Ability to Plan
A businessman, if he wants to shine in business, must have the ability to plan and organize it.
Activator
He had to activate his workers. If he activates his workers then this is good for business.
Bold or Courage
Courage is a great asset of a businessman. A good businessman should be a courageous and bold person. Maybe his angry decisions gave him a loss in the future, so he has to be courageous and be bold.
Cooperation
A good businessman should have to cooperate with his workers. With the help of cooperation with his workers, he can run his business well.
Courtesy
Courtesy is to business what oil is to machinery. It costs nothing but wins a reputation. So businessman has to win the heart of everyone with his polite manners.
Decision Making
A good businessman should be a good and quick decision-maker. The quick decision of a businessman is an important asset of a businessman. And businessman has to know whether his quick decision will give him benefit or not.
Discipline
A good businessman should have to care about the discipline of the business. If he doesn’t care about the discipline then nobody (who is concerned about his business) obeys the discipline and business can’t go well.
Evaluator
A businessman has to check how he is working. This thing can make the business good in progress.
Foresight
A good businessman must have the quality of foresight. He must keep in touch with the business world. He should move about and see what is going on for he has to estimate new wants and new inventions for creating fresh demands.
Honesty
A businessman should be honest in dealing with others. The honesty of a businessman helps him in his business.
Hardworking
A businessman must be hard working. Without having worked no business can be successful. If the owner is not hard-working then other workers of the business can’t be hardworking.
Initiation
The business world is moving at a very fast speed. A businessman should have the ability to take initiative by producing new things and new methods of marketing the products and services.
Knowledge
A good businessman should have knowledge of his business. It should be supplemented by the knowledge of the trade, finance, marketing, income tax, etc.
Leadership
Leaders are not made, they are born, but the businessman has to get some qualities of a leader. With the help of leadership, a businessman can control his business and workers.
Negotiator
If a businessman is a good negotiator, then he can run his business well, because without good communication he can’t impress his consumer.
Personality
A businessman should have a graceful personality because it can impress his customers. If his personality is not good or not graceful then his business can’t go well.
Quick Decisions
A businessman has decision-making power. He decides on all matters in the best interest of the business. A businessman must have technical knowledge, judgment power, and intelligence to make sound and quick decisions.
Responsibility
A successful businessman should have to realize his responsibilities. If he doesn’t do his duty then his business can’t go well.
Reviewer
A good businessman has to review his mistakes, which he committed in the past, and try his best never to do it again in his life.
Sound Financial Management
Sound financial management is an important factor for a successful business. Without it, no business can go well. So a business must possess a good financial position.
Self-Confidence
A good businessman should have self-confidence. Without self-confidence, he can’t make quick decisions and business suffers a lot.
Tactful
A good businessman should be a tactful person. He has to handle persons or his customers very tactfully. It helps to earn profit in future.
Technical Skills
A good businessman must have knowledge about technical skills. He should have complete command of specialized knowledge in his field, which he has to perform.
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