Qualities of Successful Businessman

A successful businessman must possess the following qualities:

1. Initiative and Decision Making

A success in business depends on the ability to make important decision. Quick changes
take place in business environment. If a businessman suffers uncertainly, he may loss business
opportunities. Therefore it essential for a successful businessman to make quick and correct
decision.
2. Determination and Courage
A businessman must possess qualities of strong will and determination. He should take
advice from other people but make his own decision. Further every business faces problems at an
early stage but a business must have courage and patience to face these problems.
3. Intelligent and Alert
A businessman must be intelligent and alert. He must be alert to business threats and
opportunities. He must be aware of the changes taking place in local and international market.
He must be intelligent enough to take advantage of the business opportunities.
4. Leadership Qualities
A businessman must possess the quality of leadership. The success of business depends
on the loyalty and cooperation of employees. The cooperation of employees depends on their
interest in work. The interest of worker can be created by developing relation based on respect.
5. Regularity and Reliability
A businessman must be consistent and determined in his dealings with others. Business
concentration and hard work. A businessman must run the organization in a regular and reliable
manner.
6. Skills
A businessman deals with various people every day and takes important decisions. The
business agreements and negotiation must be carried out with confidence and skill. It is
necessary that businessman apply proper skills to make best use of the opportunities.
7. Cooperation
Cooperation of employees is necessary for success in business. A businessman must
possess a spirit of cooperation in order to get complete support and commitment from the
employees.
8. Courtesy
A businessman must be courteous and well mannered. He should be polite and kind in his
dealings with other people. He must have natural attitude towards business. Lake of attitude
makes the work uninteresting.