[Professional Qualities]????? BY Informationmaker.blogspot.com
[Professional Qualities]
Businessmen
- Availability of Plan and Organize
It is essential for a businessman to have the ability to plan
and organize the business affairs effectively. He should consider all different
available alternatives before making decision. A good planner can make the best
decisions for this business.
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- Capital
Capital is necessary for business. A good businessman gets
capital form all available sources according to the need of business because
capital is a key to success in business.
- Experienced
Experience in managing business affairs and dealings in
necessary to run the business successfully an experienced businessman can earn
more profit as compared to an inexperienced trader.
- Technical skills
A good businessman should have adequate technical skill
required for his business. He should have concerned specialized knowledge so
that he could run his business profitably.
- Desire of progress
A good businessman always desires to earn huge profit by
expanding his business activities. The desire of progress of trader puts the
business on the path of progress and prosperity.
- Ability of Innovation
It is a common observation that modern and new product
attracts the customers. A good businessman should have an ability to produce
new goods according to new trends so that goods could attract the customers.
- Coordination
Coordination is necessary for business. A businessman should
able to coordinate the various sections of business with the help of employees
to make the activities beneficial for business.
- Business knowledge
A good businessman should not only have the degree in
business education, but also he must have proper training regarding the process
of production and distribution of goods. Moreover, he must be familiar with
legal provisions of his business affairs.
- Market knowledge
A good businessman should always have up to date market
information. He should have the ability to check the market trends and demand
of products. Moreover, the trader must have the latest information about his
customer’s liking and disliking.
- Social Responsibility
A good businessman tries to provide quality products at low
prices to his customers. Because he thinks that it is his social responsibility
to earn profit with reasonable margin.
Represented by Seerat Francis
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