Business Person

A businessperson (plural business people, much more 

commonly referred to as businessmen) is someone involved in business, where in particular undertaking of activities, commercial or industrial, for the purpose of generating cash flow, sales, and revenue from a combination of human,financial, intellectual and physical capital that further fuels economic development and growth. An entrepreneur is an example of a businessperson. Though the term usually refers to founder, owner, or majority shareholder of a business, the term is sometimes interchangeably used to describe a high level executive who does the everyday running and management of the business even though the executive is not the owner. it may sometimes mean someone who is involved in the upper-level management role of a corporation, company, enterprise, firm, organization, or agency.^[2] This can especially apply to the founder, an owner, a manager, an executive, or an administrator in charge of total management of a corporation, company, organization, or agency.

Qualifications

There are no prescribed educational qualifications, rules or guidelines which one may follow and expect to become a successful businessperson. Much of business education is related to real life experience. A person owning a gas station in a local market is as much as a businessperson as a person who owns and leads a large Silicon Valley technology conglomerate. Hence, no rigid educational qualification requirements can be stated for becoming a businessperson. However, there are certain attributes that successful businesspersons must possess, such as:

• The businessperson should have tact, financial and business intelligence, courage, vision, imagination, and organizing ability.
• They should be a person of attention, time sense, and punctuality because these are essential for successful business.
• They should be well-balanced and should apply consistency in their approach.
• They should be friendly towards the employees and the customers.
• They should be imbued with social interest.

Besides this, there are also certain traits or characteristics that most businesspersons possess:

Initiative and capacity to take prompt decision: The business world is highly volatile and changes are taking place at a rapid pace. Hence, a businessperson should have the ability to take prompt decisions.

Determination, courage and perseverance: They must have strong will power and determination and must have the courage to protect the business of the company under unforeseen circumstances.

Intelligence and alertness: The businessperson should be alert and aware of the possible changes taking place in the external environment otherwise they will fail in the business. They should be intelligent enough to utilize available business opportunities and use them to the advantage of the business.

Quality of leadership: They should be an ideal leader and should be a role model to others because today's business requires loyalty and co-operation by all employees.

Morality and integrity: The businessperson should be honest, straightforward, fair in dealings, dependability, and of a moral character to ensure long-term survival of the business.

Training and Education: The businessperson should learn the intricacies of modern business through training and education and should pass this onto their subordinates