REQUIRED OF A SUCCESSFUL BUSINESS PERSON
is made up of risks and uncertainties.
Unless business persons can forecast their risks and uncertainties with a
reasonable degree of accuracy they will not be able to provide against these
risks and uncertainties. In
addition, the function of planning which is extremely important to business is
dependent on the forecasting ability of business persons.
The quality of business planning and all other actions of business
persons will be useless if this planning is not sound.
business persons must have the ability to adapt themselves to all kinds of
people and situations. They
should not resist change, they should have an open mind and adjust themselves to
any change situation.
confidence is the foundation of success in any activity.
Good business persons should have confidence in their policies, decisions
and actions. They should not
lose hope if they do not achieve success in a failed project.
persons should know and understand their business in and out.
They should know what they are to do and how to achieve it.
They should have knowledge of all affecting factors either economic or
persons who do not find their employees are putting things across them
ultimately lead their business to a failure.
Skills in business management are also necessary.
persons should handle their employees and customers tactfully and courteously. Otherwise they might feel the consequence of
non-cooperation from their staff members or loss of customers. Remember that “the customer is always right”.
AND DECISION MAKING
business, making decisions at the right time and situation are very important.
Opportunities have to be taken when they come. Not taking decisions or delaying in decisions may
result in loss of opportunities.
be honest in business means that business persons should deliver the right
quality, the right quantity, at the right price.
In the long run, it is the honest business persons who succeed.
business persons adapt consistent policies towards their customers, employees
effective business person should develop this art of understanding by putting
himself or herself in the shoes of that person and thereby understanding that
person’s viewpoint or problem.
good business person is one who has self control, a lot of common sense,
presense of mind, sincerity, integrity, honour, sense of justice, dignity,
courage, and above all a moral character that is unquestionable.
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