Basic qualities of a good businessman

32
Basic Qualities of a Good Businessman

description

Most of the important things in the world have been accomplished by people who have kept on trying when there seemed to be no hope at all. There are no secrets to success. It is the result of preparation, hard work, and learning from failure.

Transcript of Basic qualities of a good businessman

Page 1: Basic qualities of a good businessman

Basic Qualities of a Good Businessman

Page 2: Basic qualities of a good businessman

Business:

The activities or some actions to earn profit through selling and buying goods or sort of services by doing legal activities.

Page 3: Basic qualities of a good businessman

Businessman:

A person who invests money and efforts to rum some legal or lawful activities in order to earn money and profit by selling goods and other useful services.

Page 4: Basic qualities of a good businessman

Types:

There are two types of qualities of a good businessman , That are followings:1. Professional Qualities2. Personal Qualities

Page 5: Basic qualities of a good businessman

Professional Qualities:

Page 6: Basic qualities of a good businessman

1. Knowledge of Business

The Businessman should have knowledge of his Business. He should have the knowledge of finance, marketing, income tax law, etc.

Page 7: Basic qualities of a good businessman

2. Knowledge of Laws

He must be well aware with laws relating to business such as tax law, business, commercial law, etc.

Page 8: Basic qualities of a good businessman

3. Knowledge about Computer

This is the age of computer. Thus, a good businessman must have knowledge that how to use computer's essential application that help in business effectively.

Page 9: Basic qualities of a good businessman

4. Financial Management

An entrepreneur tries to meet the financial needs from internal and external sources. A good businessman manages the finance in such a way that it gives him maximum profit.

Page 10: Basic qualities of a good businessman

5. Ability of Innovation

In this modern age new products and services attract the customer easily. So, a good businessman should have ability to produce and introduce new goods and services according to new idea and need of modern age.

Page 11: Basic qualities of a good businessman

6. Ability of Planning

It is a basic quality of a businessman that he should posses the ability to plan his business techniques for his business. In such say that every decision gives much profit to the proprietor.

Page 12: Basic qualities of a good businessman

7. Ability of Leadership

A businessman has a quality of leadership. He is the leader of his employees and should he able to guide the workers in a good way.

Page 13: Basic qualities of a good businessman

8. Research on Business

A good businessman always pay attention on research work. He also uses his uses his experience to minimize the cost of production and maximize the profit.

Page 14: Basic qualities of a good businessman

9. Responsible Person

A businessman has authority over the workers. He is responsible for various activities of his employees. He can't shift his responsibilities on the head of other people in case of any problem.

Page 15: Basic qualities of a good businessman

10. Marketing Skills

A good businessman must have a marketing skill in order to promote his business. He must know the best target market for his products.

Page 16: Basic qualities of a good businessman

11. Conceptual Skills

The entrepreneur should be able to coordinate and integrate the conceptual skills of organization. The executives should be involved for the achievement of common objective.

Page 17: Basic qualities of a good businessman

12. To Keep Discipline

The Business leader should follow certain principles to perform his duties. He should be punctual and dutiful. A sense of duty is describable for discipline. The absence of discipline is the end of any business.

Page 18: Basic qualities of a good businessman

13. Up to date Knowledge

It is the age of competition. A good businessman must aware and up to date knowledge. Thus he could make better decisions for making maximum profit in less time period.

Page 19: Basic qualities of a good businessman

Personal Qualities:

Page 20: Basic qualities of a good businessman

1. Hard Worker

Being a businessman , it is necessary to must be hard worker and capable of working for long hour. A lazy and inefficient can't compete the market.

Page 21: Basic qualities of a good businessman

2. Good Personality

Good personality is a symbol of success in business. The winning personality creates good impression and makes friendly relationship with customer and buyers.

Page 22: Basic qualities of a good businessman

3. Foresight

A good businessman should be careful about the future expectations. If he fails to estimate the future demand of public then he will suffer a loss.

Page 23: Basic qualities of a good businessman

4. Courageous

A businessman must have the courageous ability. He has to deal with many problems relating to his work. He must be able to solve the various sort of difficult problems.

Page 24: Basic qualities of a good businessman

5. Honesty

A businessman has a quality of honesty that he should be honest and sincere in public dealing. There should be no fraud and commercial bribery in business.

Page 25: Basic qualities of a good businessman

6. Sympathetic Attitude

A businessman always loves his workers. He should be aware of the feelings, problems and limitations of his workers and try to solve them.

Page 26: Basic qualities of a good businessman

7. Co-operation

A businessman is in the grip of so many difficult problems. He should cooperate with employees for better production. His cooperation with customers may increase attraction and increase sales volume.

Page 27: Basic qualities of a good businessman

8. Punctual & Regular

A businessman is the symbol of success in every field of life. So, a businessman must be punctual and regular in his job. He should come to work and perform all the duties well in time.

Page 28: Basic qualities of a good businessman

9. Technical Skills

A businessman should have a specialize knowledge and technical skills for understanding and completing the process of production.

Page 29: Basic qualities of a good businessman

10. Team Spirit

A entrepreneur must build up a team spirit among the group members. He should be aware of the temperament, talent and belief of the working with him.

Page 30: Basic qualities of a good businessman

11. Good Reputation

In business dealings good reputation is an asset for the good businessman. A good person always improves his goodwill and expands the business.

Page 31: Basic qualities of a good businessman

12. Flexibility

A good businessman must be flexible. So that according to circumstance he can change his decision.

Page 32: Basic qualities of a good businessman

Conclusion:

After know about all the qualities weather that is "Professional Qualities or "Personal Qualities", both are essential in running a good business and get a huge profit in terms of spend less cost.