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.
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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.