Answer:

Qualities of Good Businessman:

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Qualities of Good Businessman: The modern business is very complex. The basic personal and professional skills or qualities which a good businessman must possess are as under:

Qualities Of Good Businessman

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Who is Businessman? A person who invests efforts or money to carry on some legal or lawful activities in order to earn money and profit.

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What is Business? The process of earning profit through buying & selling goods or proving services under legal activities.

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Question No 2: Discuss the qualities of good businessman? OR How a person can become a good businessman?

A) Personal Qualities B) Professional Qualities

A)

Personal Qualities:

4. Efficient and Hard worker: A good businessman must be hard worker and capable of working for long hours. A lazy and inefficient businessman cant complete the market.

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3. Leadership Ability: A businessman has a quality of leadership. He is the leader of his employees. He can inspire the employees. In this way, he can get his work done by other and should be able to guide the work.

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2. 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.

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1. Know About Responsibilities: A businessman has authority over the workers. He is responsible for various activities of his employees. He cant shift his responsibilities on the head of other people in case of any problem.

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

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9. Confident: A good businessman must be confident. So that according to circumstances he can work with greater determination and change his decisions in difficult circumstances.

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7. Consistency: A businessman performs his duty on daily bases, and he must do his business on regularity and punctuality. 8. Flexibility: A good businessman must be flexible. So that according to circumstances he can change his decisions.

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6. 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.

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5. Good Personality: Good personality is a symbol of success in business. The winning personality creates good impression and makes friendly relationship with customer. This quality may helpful for development of sales.

12. Courageous: A businessman must have the courage ability. He has to deal with many problems relating to his work. He must have physical and nervous energy to solve the various difficult problems. 13. 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. 14. Sympathetic Attitude: A good businessman always loves his workers. He should be aware of the feeling, problems and limitations of his workers and try to solve them. 15. Good Reputation: In business dealings good reputation is an asset for the good businessman. A good person always improves his good will and expands the business. B)

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16. Technical Skills: A business man should have a specialized knowledge and

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Professional Qualities:

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11. Ability of innovation: In the modern age new product attracts the customer easily. So a good businessman should have an ability to produce new goods according to new ideas.

technical skill for understanding and completing the process of production. 17. Knowledge of Business: The businessman should have a thoroughly knowledge of his business. It should be supplemented by the knowledge of trade, finance, marketing income tax law, etc. 18. 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.

22. Marketing Skills: A good businessman must have a marketing skill in order

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21. Cooperation: A business is in the grip of so many difficult problems. He should cooperate with employees for better production. His cooperation with customers may increase sales volume.

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20. Research on Business: A good businessman always pays proper attention to research work. He also uses his experience to minimize the cost of production and maximize the profit.

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19. Ability of Panning: It is a basic quality of a businessman that he should possess the ability to plan his business, in such a way that every decision gives much profit to the proprietor.

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to promote his business. He must know the best target market for his product. 23. Knowledge of Laws: He must be well versed with the laws relating to business such as tax law, business, commercial laws, etc. 24. Up-to Date Knowledge: It is the age of competition. A good businessman must aware of up to date knowledge. Thus ho could make better decisions for making maximum profit. 25. Team Spirit: The entrepreneur must build up a team spirit among the group members. He should be aware of the temperament, aptitude and belief of the staff working with him. 26. 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. 27. Knowledge about Computer: This is the age of computer. Thus, a good businessman must have knowledge that how to use computers essential applications like MS Word, MS Excel, MS Power point, Internet, etc. 28. Having large Capital: A good businessman must have large capital. So that

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Conclusion: In nut shell, a good businessman must be confident, experienced, courageous, good planner, hardworking, good coordinator, high capital, business knowledge. So that according to circumstances he can work with greater determination and change his decisions in difficult circumstances. GOOD BUSINESSMAN OPERATES BUSINESS WELL.

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according to circumstances he can change his business and can provide all possible sources.