In the modern age we can see various changes in the business field. The technological advancement it is necessary that a good businessman should posses the basic skill and knowledge about his business. Following are the important qualities of a businessman.
1. Honest:
It is the first quality of a good businessman that he should be honest and sincere in public. There should be no fraud and commercial bribery in business if he fails to performs his moral and religious responsibility than be can not become a good businessman.
2. Efficient and Hard Worker:
A good business must be hard worker and capable of working for long hours. A lazy and inefficient businessman can not compete the market.
3. Ability of Planning:
It is a basic quality of a businessman that he should possess the ability of plan his business for example there are various decisions like what to produce? Where to produce? Which are made by businessman a good planner can only make the best decision.
4. Careful about Future:
A good businessman should be careful about the future expectations. If he fails to estimate the future demand for his product then he will suffer a loss. If he has a foresight about the future then he can earn profit.
5. Ability of finance Management:
A good businessman tries to meet the financial needs from internal and external sources he uses the finance in such a way in his business that it gives him maximum profit. A successful business has a quality that he can manage the finance easily.
6. Ability of innovation:
In the modern age new product attract the customers easily. So a good businessman should have an ability to produce new goods and services according to his new ideas.
7. Reach on Business:
A good businessman always pays proper attention to the research work. He also uses his experiences to minimize the cost of production.
8. Steady:
In a business there is a need of patience. A good businessman should be courageous and steady. If he fails to face the business problems on the basic stage then he will run away form the field.
9. Coordination:
A businessman should be able to co-ordinate the various departments of his business. For example if he wants to produce new item, then he should involve the incharge of reaches, production, finance and marketing departments, to achieve the common for business. If he has no technical skill about his business, he can not become a good businessman.
11. Sympathetic Attitude:
A good businessman always loves his workers. He should be aware of the temperament, feelings and limitations of his workers. He should always take interest in the problems of his workers and try to solve them. They will also reply positively. It will increase the profit of the business
12. Good Reputation:
In a business dealings good reputation is an assets for the businessman. A good business always improves his goodwill and expands the business.
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