A businessperson is a person involved in business - in particular someone undertaking activities (commercial or industrial) for the purpose of generating cash flow, sales, and revenue utilizing a combination of human, financial, intellectual and physical capital with a view to fuelling economic development and growth. An entrepreneur is an example of a businessperson. The term "businessperson" may refer to founder, owner, or majority shareholder of a business or it can also be used to describe a high-level executive who does the everyday running and management of a business even though the executive is not the owner.[1] The term may sometimes mean someone who is involved in an upper-level management role in 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 as qualifications vary by the type of businessperson. A person owning a small gas station in a local market is as much as a businessperson as a person who owns and leads a large Silicon Valley technology giant. There are many paths to becoming a businessperson. Those aspiring to climb the corporate ladder to rise to upper level management echelons such as the president and chief executive of a large company complete a four-year Bachelor of Commerce degree and a two-year Master of Business Administration degree or a degree in a specialized area related Bachelor of Engineering or a telecommunications executive might complete a Bachelor of Science degree). On the other hand, an aspiring businessperson who wishes to start his or her own business as an entrepreneur typically rely on their skills gained through real life business experience as there have been successful entrepreneurs that were college drop-outs or who have never attended college. Hence, no rigid formal educational qualification requirements can be stated for becoming a businessperson. However, there are certain attributes that successful business(wo)men must possess:
to their industry (e.g., a mining executive might complete a- Tact financial and business savvy, courage, leadership, vision, creativity, imagination, and organizing ability.
- Strong sales and marketing skills. Among these components include branding, advertising, and public relations.
- Attention, time management, and punctuality.
- Well-balanced consistency in their business approach.
- Respect towards subordinates and customers.
- Interest in giving back to society through philanthropy or venture capitalism for future socioeconomic development.[14]
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 economic condition within their respective industry 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
