What does it take to be a good businessman?

Philippines
November 28, 2009 2:45am CST
They say it takes a lot of courage to be a good business man. You must have all the resources including the capital to start it up. And you must be brave enough to face all the challenges that it may bring. Not to mention the consequences that it may bring - the ups and downs of business. However, having this in mind, are there any criteria or procedures that one must to follow to be a good business man? Does everyone is entitle to be a business man or only those people who has a good reputation or standing in society is entitle to run a business and be called - business man - ?
9 responses
@toataim (59)
• Estonia
28 Nov 09
well, Im not good in english, but ill try to express myself. good business man takes risks. He knows how to handle in certain situations. must be a good leader. Have good relations with workers, noone wants to work for a bad boss. Should be social, communicate. Have to consider everyone, not just only with himself. Well educated and yes practise is a good teacher.
• Philippines
28 Nov 09
Good day to you Toataim, Indeed you are right, risk is a part that a business man should consider. Hence, a good business man should also possess the characteristics of a good leader thus nobody wants to work under a supervision of inconsiderate leader.
@iceydon (342)
• Philippines
28 Nov 09
Every one is entitle to be a businessman as long as one has the dedication and knows what he is doing. Doing business does not end only on having to establish one's business. Its a daily thing. One must not stop on acquiring the know how on getting his business grow. If your dedication is beyond your financial capital your business will slide down to the drain.
• Philippines
28 Nov 09
Hello Iceydon, Your ideas are very well said. You have a very good point, that business is a daily thing and one must not stop to acquire its growth.
@LouieWpHs04 (4560)
• United States
28 Nov 09
I would say the best business man actually deals with their clients face to face(or internet email to internet email if it's online!), one that does his research as well as keeps up with current trends, annnd. Of course. Trial and Error. Practice really does make perfect(Well not perfect, but pretty close!) I also would only consider someones a businessman when they start making at least a part-time income out of their efforts. If you don't have a good rep you aren't really a businessman in my book, aha. If you can't keep your customers happy, who can you keep happy?
• Philippines
28 Nov 09
Your response is an added factor for a person to be a good business man. That the client must be dealt face to face and maybe to add more good relationship between the business owner and its clients.
• Philippines
29 Nov 09
need to know first your target markets, identify your products, have enough capital, manpower and source of raw materials. need to study your markets and your competitors before investing making sure you offer quality products or services and build a good reputation. anyone could be a businessman as long as you have the capital it is on how you run a business which differs in terms of management styles and market research, strategy and market approval of your products.
• India
29 Nov 09
Well according to my little Experience of being a Businessman I can say For Becoming a Good Businessman. The Factors like: 1)Firm Determination 2)Planning 3)Implementing 4)Organnising 5)Controlling 6)Staffing. These all Factors Plays Important Role For Becoming a Good Businessman.
@alex2hl (67)
• United States
29 Nov 09
If you want to be an excellent businessman you have to be nice and trusted. You have to be a leader and make the right choices. They have to understand what is given to them. Just in case you have to be able to manage last minute work. You have to travel efficiently and dress formally. You also have to talk respectively and know right from wrong. The last thing to make a good business man is to pick up phone calls without hassle. Hope this helped. Happy MyLotting!
• United States
29 Nov 09
Yes, capital is obviously needed to start anything up front, however .. these days everything has been done, which is why creativity rules the land. A business person who wished to flourish in this fast pace life we live in, must think outside the box and have the ability to 'dig deep'. Digging deep is another way of describing that little ball of 'oomph' that is tucked way down in the belly of ambitious folk. When it's time to turn on the after burners and pull some 18 hour shifts 6 days a week, one must do so to separate the men from the boys. It's too crowded at the bottom, and too lonely at the top ... but I would rather be lonely (;
• China
28 Nov 09
First is honesty .to be a good business man establish a good friendship with your customers.They will be return you more.of course you will be a good business.
@madteaparty (2762)
• Japan
28 Nov 09
To be a good businessman or woman you need to have your feet well set in the ground. Don't make unrealistic goals, have a really good knowledge of the economy of the market, and set your goals according to. Also have a good sense of leadership, as people won't follow someone who can't be a leader.