Qualities of Good Businessman

A businessman must possess certain qualities if he has to stay in the market, no matter, how much capital or funds he owns. According to economist a business is survived if the input of four factors of production, viz, land labor, capital, and entrepreneur are in the best possible proportion. However, in discussing the qualities of a good businessman we will concentrate only on entrepreneur leaving other factors. The reason is that the successful use of land, labor, and capital wholly depends on the entrepreneur who is the organizer of the business. He must be creative, ambitious, able to work under pressure. He must possess risk-assuming courage. Not only should he satisfy his customer, shareholders,and employees but also he has to deal successfully with suppliers competitors, and the government.