How To Become A Successful Businessman?

Q&A
1

A businessman has to possess certain qualities in order to become a successful businessman. Managing a business does require some elements in his personality that is essential. A businessman cannot be able to achieve his goals without these characteristics. Following are the important qualities of a successful businessman.

1.Emotionally strong:

The businessman should not be emotionally weak. Business profits goes up and down but a dynamic businessman can settle it very efficiently. He should be able to deal things with patience. Stressing and getting worried cannot help run a business.

2. Risk-taking:

Business includes a lot of risks. Risk means loss in profit, sudden death of an important employer or competition etc. To run a business successfully, he has to cope up with risks, which is the real challenge. Hardworking is a huge factor, he must be dedicated to his work.

3. Goal-oriented:

Business goals are necessary to aim. However, the businessman must be goal-oriented. Managing the team, setting profits or improvement in service etc. can be the goals. Without setting goals a business cannot run successfully.

4. Honesty:

The businessman should be honest and fair to his employers and customers. Wages or selection of an employee must be fair. Customers will not associate themselves with an unfair business or businessman. Prices should be fair to gain trust of customers. The businessman have to be passionate and honest with his business. Then success will come to you.

2

Definition of a successful businessman is not tough at all yet practically a lot of things to do. With no flaws and balancing certain things. Market work dynamaticaly so one cannot predict at all the variables that changed the business circumstances. A lucky one estimates good and expectations change into reality rather a successful businessman sails through thick and thin. He takes advantage of uncertain and unusual circumstances.

What it doesn’t mean that he take advantage of of peoples need but he maximizes the utility of himself and others.

For being successful in business a lot of things have to keep in view. So we will discuss below.

Start with low capital

As it is said that you should have to to start with a little thing a little capital so the factor of risk abolishes and you can easily handle your routine business.

Think broad

if you are planning your business and become a successful businessman first thing to do is you have to broad your vision. It may be a big goal. For instance making of new company e with your name might be your future goal.

Vision to see beyond the things

If you have such capability to see the things beyond they are happening. You can easily estimate about the future. For example an abnormal increase in quantity demand indicates unusual feature circumstances that may cause future business collapse.

Estimate all pros and cons first

when you are starting a new business and you are just hoping to be successful in business you should have to estimate all the positive and negative things that may occur along with your business. For example you can earn large scale benefits when you are doing things on a a bulk amount besides this you have to pay more electricity bills as your commercial units may increase.

Don’t dream about immediate results

It’s OK to success that things take time to happen. If you just started a business and you are hoping that you will be succeeded immediately it may not work. You have to stay in the business for future success today’s hard work is future success.

Risk taking behaviour

This behaviour is the actual reward of your time. Those who stay longer in the business and take risk are more likely to get success as compared to those who don’t try something new.

Knowledge of market

Market is a place where you can get goods and services of your choices if you have key knowledge of market and behaviour of market you can easily predict future needs of market and business. For example if you are observing that electricity prices are gone high, you have to find something very different as a substitute for your electricity.

Utilise your all resources

Whenever you’re starting a business you have to utilise all of your resources either they are relevant to to land labour capital and organisation or in form of services. If you are jack of all trades you can have a positive effect on your business.

Expand your business gradually

Start with little and gradually cross the steps of success by learning from your mistakes. And if you are capable enough and confident enough to meet the future requirements now it’s time to expand.

Worker and output balance

It is very important point you have to maintain a balance between your labour force and your output. If the labour deployed are are less than the required would be lot of pressure on labour force and in future record work constantly.

Behaviour towards regular customer

All the successful businessman in the world compulsory deal with their regular customer on a relation base. They make their customer realise that their customers are very important to the company. Such behaviour increases your customer as well as you take steps of success.

Try invention and innovation

Those persons who like to to introduce invention and invention in their business are more likely to be successful in business because they do something different. Change is in human nature. So if we innovator products or business in some different ways it might have a positive effect on your business leading to success.

Success needs a sustainable level

Reaching the highest goal is important but more important is to be stay on this level. A sustainable success enables you to be a important part of business community you will be well known by the persons aur bussinemen around you. Your decisions and your steps has an authenticity.

Conclusion

Above discuss all the necessary steps that are compulsory to be successful in business. Only one step or two step can not lead you to the success. Each point has its own value. And hard work and full determination is also lead to the success.

3

@Manum

What are your suggestions how do we manage work life balance when doing business together with family life?
Spouse, kids and family member they all want time. is specifically the businessman is working from home then how do you tackle this problem?

@Fatiha

once you have built up a business how do you maintain and keep that business running smoothly and doesn’t crashing or falling down? do you have any tips on that one as well ?

4

It’s a worldwide discussion, yet I would suggest that workholic business and smart businessman are orthodoxical in nature. Spouse and children won’t disturb you if you engage them in your work. They will also feel a sense of responsibility. You can easily made some time specific for your family. If time management is smart your work and family will never contradict.
Successful business man never preference money

Money not matters when you actually want success in business. Because todays preferences are future income. Moreover business success goes side by side with time .

Success leads future business tycoon

A continuous chain of business success leads to run smoothly through business thick and thin. All business tycoons continue their journey from a little start. On correct time correct desions have multiple effect on business.

Business success is not a jackpot

We are talking about right decisions on right time . And we discussed earlier that it’s a continuous step to work with out break and keen knowledge of market dynamics and variables of price determination, determine the value of success in future. In some cases a business man can earn abnormal profit but mostly he have to work hard.

Recreational activities during business

To Engage with business activities is important but mind needs relaxation.continous work can weak your creativity and nervous system .so recreational activities are much important so your body and mind may relax.so you should manage it on first preference.

Proper diet plan

Proper diet is also necessary for a healthy mind.diffrent dry fruits boost your immunity.and fresh vegetables and fruits gives to required amount of vitamins.iron supplement makes you stronger internally.

Record keeping

From very first days you have to keep your record.record keeping habbit will benefit you and you have information of each and every transaction.it will be helpful for future business deals.

Business auditing

It is the most important part of business.it may defends you from business frauds and corruption.an effective audit will give you the actual business visual.auditing team must be consist of honest members.

Conclusion

By expressing above mentioned points I tried my best to discuss point which directly effect the business .A successful business man is like a sea sailor who continue to sail in uncertain circumstances.

5

what do you mean by that how do I engage my spouses and children in my business and why would I need to engage them don’t they have their own lives activities and responsibilities to do and take care of?

6

Iam giving my own example. My spouse suppose to be a busy person yet we have specified sometime for ourselves. We have individual life too and a sense of relaxation that we are doing something productive. Hydro Dipping Shoes - #5 by Manum involving your kids it doesn’t mean you give them the duty of report writing. You can simply engage them by saying order the files. Or set my stationary. Psychologicaly they will support you and will understand your responsibilities. If you are working from home then it’s pretty good to enjoy leisure plus business life benefits.
Benefits of home base business

Business then can be control by home you can also take care of your diet, your health and give some time to running. It is observed that office workers including business persons oftenly lack in good health so here are some more suggestions to balance your business and domestic life.

Time division and management smartly

A smart business person will never frustrated by lack of time. He will definitely manage time in such way that will maximize his time utility.
Share your responsibilities with workers
Try to take workers in confidence. Let them discuss with you problems which are mutually faced by them. As a result their productivity increase which may give fruits to you ultimately.

Little things means alot

Either it’s work or home little things as a representative means alot domestically and officially. Surprises at home and little relaxation to workers will have an everlasting impact.

Keep stress away

You have to behave like a man of nerves because
Frustrating behaviour in business and home can be hazardous. Don’t let the emotions control you. Always you should control them.

Target base work

Always make target in business. Monotonous work can ruin the productivity level you want. So in the case of business make small targets that are easy to attain.

Conclusion

At last we can say that who ever manages his time wisely can attain the level of achievements fasters than others. Both home and business equally necessary. Both are human needs. Both are fruitful for you. Just right decisions on right way.yes for sure strong will , hardwork and determination are keys to success.

1 Like
7

To become successful in business all you need to have faith in your self.Every human activity which is engage in for the sake of earning profit is know as business.In early stages of business it was assumed that any activity by which we earn money is a business.

Introduction
The business is mostly dependent upon the owner of the business A business man should possess certain qualities in order to carry on the business.According to certain economist production depends upon land, labour, capital and entrepreneur.
Qualities Of A Successful Business

1.Physical Appearance
The physical appearance and the personality of a good business man put a lot of contribution in the Success of his business. If he has good appearance and commanding , dominant and smart personality, it will impress the employees resulting in making him a successful business.

2.Hard Working
The entire empire of business is based on hard work of its employees hardworking is the key of successful business. Therefore A Successful Business is one should be hebitual of working to develop and look after business.

3.Fair Dealer
Fair dealing is the spirit and secret of successful business. The business should be fair to all his employees. Selection, wages, transfer all should be fair.

4.Risk Assuming
The business is full of risks of various types and they always stay as long as business exist. As an important saying;
Where there is a business, there is risk
A successful business man is risk assuming. he is well aware of the risks his business gonna face and he know how to face and meet all the challenges.

  1. Decision Power
    Behind a successful business,there are many of the important decisions taken by the business man. It’s necessary for a good and successful business man that he must have quick decision power. He should not delay his important decisions for the business.

6.Dynamic And SteadFast
The business can only be successful when he is dynamic and steadfast . By being energetic , forceful and devoted he will help the business to come over all the difficulties and bottle necks on the way to Success.

7.Technical Skills
Today every business demands some sort of technical skills. so a good business man must know all those technical skills required for a particular business man. Example if you want to manufacture air craft you should be engineer and if you want open an audit firm you must be Charted Accountant.

Conclusion
In order to run a successful business with less chances of risk a business man should have the above mentioned qualities to succeed or to fulfill his business profit.

1 Like
8

Have you ever thought that how to be a successful businessman or what it takes to be a successful businessman? Well it is all a mind game of having a great and unique idea and working on it to achieve it but that’s not it because sometimes having an amazing idea leads you to fall. So, a successful businessman must have to adopt a winning business strategy. But only a good business strategy cannot become a winning formula, if the entrepreneur does not have basic business skills. Hence, you need to evaluate yourself critically, before you try to enter into the jungle world of business. Many successful businessmen started as entrepreneurs and had limited funds still they succeeded. To run the business, you must possess the attitude to win. You must know a famous idiom “Life is not a bed of roses”, but business is worse than it. You can say It is full of thorns. You can experience the most setbacks in the business world. For that you must be mentally prepared to overcome the problems or hurdles that come in your business journey.

We can learn a lot from the lives of the famous business people which show that their hardships were mainly the motivating factor behind their success. ‘failure is a stepping stone of success’ should be the motto of every businessmen.

The 5 winning Formula to succeed

For a successful Businessmen

You must be good at communication

Business is built up on the interpersonal relationships and skills of a businessman. You must be a good communicator, who possess the ability to gain confidence of others. If your business has a great infrastructure it is of no use until and unless you develop communication skills. The basis of the interpersonal relations and the building up of a good rapport between you and your employees is the communicational intelligence and it is important to lay a strong business foundation.

You must have an eye to select talent

The selection of the talent is the main or integral part to operate a business because these are the people who will lead your business to success as only your leadership skills wont work alone unless you have a great team with you as we know employees are crucial as they are the back bone of the business. The success to attain the assurance of the employees is an indication of your success of the business overall.

You must be disciplined

For me It is the most important quality that must be present in a business man. By discipline, I am referring to both financial discipline and self-discipline. The past stories about the businesses proves that the triggering factor behind the failure of most of the businesses is the lack of discipline. Financial discipline is predictable as we know business is the rolling of the money.

You need a good and unique idea

In order to start up the business, the basic idea must be unique and attractive. Talking about globalization, the competition is high and only a workable idea can withstand. As the uniqueness of the idea increases, the chance to succeed also increases as they are directly proportional to each other. The idea must be practically implementable. You can look for the help of some consultancies to help you in planning well before you launch. In addition to an eye catchy idea, potential marketing strategies are also important to succeed in the business. You must know what the target customers need and also be methodical with the latest developments and trends in the field as customers always seek the latest trends.

Your need to delight your customers

The customers require and expects to be delighted by your product and service. Level of service and quality of your work that your team possess will be the main factor as it decides the success of your business. Your direct supervision is necessary. Must Keep in mind to look over every unit of the department as the perfect functioning of all the departments is equally important to shape your business collectively.

CONCLUSION

The spirit to improve is the necessary precondition to become a successful business man. In past and even now wise people compare an upcoming business man to a spider. As we know, spider does not give up its job to make the net until and unless it succeeds. Same way the business man also has to work till he gets to succeed. Keep in mind, no business empire is built in a day; you have to wait for a while to establish. The determination to win will help you to become a successful businessman one day.