Qualities of Good Businessman

1. Business Ability

For the success of any business it is essential that a businessman must possess the sounds knowledge of market, product, technological development, scientific .inventions, innovation, organization and business laws.

2. Good Appearance

This is a prominent quality required in a businessman. It help him much to win the opinion of the public.

3. Spirit to Co-Operate

This businessman shall be a good Co-operator, and so a good businessman. He must be able to compromise adjust, adapt, and be willing to admit that his judgment may on occasions be wrong. Besides he must be temperamentally fitted to exercise a divided authority.

4. Well Balanced

A businessman must be a well balanced man of talent. He must have a consistent mind for clearness, steadiness and firmness in his dealings with others.

5. Sincerity and Honesty

A businessman should be sincere and honest in his business activities. His own and the form's reputation depends on honesty.

6. Enthusiasms

The next quality without which no one should consider a profession as a I businessman, is enthusiasm for his activities, for an unsettled life, and for long hours and for the people who is going to meet.

7. Dependability

The successful businessman should have the capacity of dependability. He should use every effort to hold it constant and dependable, so that those who work under it know what to expect as it remains unfluctuating from day today.

8. Courtesy

Courtesy is to business what oil is to machinery. It costs nothing but wins a reputation. So businessman has to win the heart of everyone with his polite manners.

9. Alertness

A businessman must be alert to the opportunities surrounding his business. He must keep in touch with the world, and not keep himself to himself.

10. Sociability

Another notable quality of the businessman is ability to mix with anyone within a minute or two. He must get himself introduced to an unknown persons within a short time.

11. Financial Ability

Finance is an important factor for successful operation of the business. Without adequate finance no business can smoothly run.

Top 10 Qualities of an Excellent Manager

An excellent manager taps into talents and resources in order to support and bring out the best in others. An outstanding manager evokes possibility in others.

1. Creativity
Creativity is what separates competence from excellence.

2. Structure
The context and structure we work within always have a set of parameters, limitations and guidelines. A stellar manager knows how to work within the structure and not let the structure impinge upon the process or the project.

3. Intuition
Intuition is the capacity of knowing without the use of rational processes; it's the cornerstone of emotional intelligence.

4. Knowledge
A thorough knowledge base is essential. The knowledge base must be so ingrained and integrated into their being that they become *transparent, * focusing on the employee and what s/he needs to learn, versus focusing on the knowledge base. The excellent manager lives from a knowledge base, without having to draw attention to it.

5. Commitment
A manager is committed to the success of the project and of all team members. S/he holds the vision for the collective team and moves the team closer to the end result. It's the manager's commitment that pulls the team forward during trying times.

6. Being Human
Employees value leaders who are human and who don't hide behind their authority..

7. Versatility
Flexibility and versatility are valuable qualities in a manager.

8. Lightness
A stellar manager doesn't just produce outstanding results; s/he has fun in the process! Lightness doesn't impede results but rather, helps to move the team forward.

9. Discipline/Focus
Discipline is the ability to choose and live from what one pays attention to. Discipline as self-mastery can be exhilarating! Role model the ability to live from your intention consistently and you'll role model an important leadership quality.

10. Big Picture, Small Actions
Excellent managers see the big picture concurrent with managing the details. Small actions lead to the big picture; the excellent manager is skillful at doing both: think big while also paying attention to the details.

Learn Import Export

There is generally some variation in the documentation required for trade from country to country but they’re sure to include the following:
Purchase order – It seems like a business requirement but it may be needed for financing. The purchaser may need to show the order to his bank to organize a temporary loan or customs may want to see the paperwork to make sure everything is valid.
Letter of credit – this is used for making payments for imported goods, once the necessary documents are handed over (see, we told you they were important). A letter of credit basically says that the importer’s bank guarantees to pay provided all the papers stipulated in it are in order.
Shipment documents – a bill of lading is needed for sea shipments or an airway bill when goods are sent by plane, as proof that the goods have been sent by the supplier.
Certificates of origin – Several countries have restrictions on the learn import of goods from certain other countries, and may apply tariffs to these goods or ban them altogether. Alternatively, there may be tariff benefits accorded to goods from specific supply sources. In such cases, an learn export will need to submit a Certificate of Origin, which is endorsed by a designated regulatory authority.
Quality or inspection certificates – if the buyer specifies an inspection prior to shipment, these are paramount to making sure the deal is confirmed.

Killing for carpets -- slavery and death in Pakistan's carpet industry

In Pakistan, between 500,000 and 1,000,000 children between the ages of four and fourteen work full-time as carpet weavers. UNICEF estimates that children make up 90% of Pakistan's carpet industry. Boys aged seven to ten are preferred for their dexterity and endurance. They earn one-quarter to one-third the salary of adult weavers, and they are obedient. They are from Pakistan's poorest families, sold by their parents to put food on the table. The parents are on average paid about $200 for five years of their sons' labor. After the expenses for a child's food, training, tools, and raw materials are taken out, the balance is paid to the parents in installments as long the child is working, in some cases up to ten years.

Child labor is epidemic in Pakistan. 11-12 million children work full-time, half of them under 12 years of age. Only one-third of school-aged children attend school. The children of the poor, especially the lowest castes, begin to work as soon as they can walk, plowing fields yoked together and seeding and harvesting crops. Brick factories, sports-equipment factories, steel mills, and stone-crushing plants employ children. They have no education, no sanitation, and no health care. Children are a commodity -- bought and sold like cattle, but unlike cattle, they are smarter, and they are cheaper to run than a tractor. In fact they are treated worse than tractors or cattle.

Online Classified Advertising

Online Classified Advertising is what you need to be doing. Finding the right classified advertising website to place your free online ads is another story. We show you where to place your free online classified ads. Online Classified advertising is a way to promote and present your business to the market. The main idea behind this is that the more people knowing your business, the more popular and successful it could be. Traditional classified ads could only be seen in newspapers, magazines and other printed materials. However, since the technology is now fast advancing, so as the corporate world, traditional advertising seems not enough anymore. That is why people have thought of using online classified advertising to cover up the entire market. Online classified advertising is one kind of marketing strategy. It is highly effective to use in advertising a business since most people spend more of their time in the internet. It is also a way to reach the online market, not only the local ones. What's great about this online classified advertising is that it involves lower rates than printed ones, so, most businesses could meet the expense of this strategy and could earn more. Another important thing that online classified advertisements do is that it allows the companies and businessmen to know how many people visit their site. This gives them a rough number of the probable market and could also warn them whether or not the site catches people's interests. In this way, they would know when to add promos and how to make the site more catchy. There are some effective ways to make this marketing strategy an effective one. First in the list is to use popular target keywords. You could use search engines like Google or Yahoo. By doing this, you could augment the popularity of your page and have many links. You could also use free online sign up forms so that you can keep track of the interested people who visited the site. Another thing that would make online classified advertising efficient is by making your site as interesting as possible. Your ad should catch the people's attention to heighten the status of your advertisement. It should also contain all important information about the business, as well as feedbacks and contact information. Moreover, to save more money in online classified advertising, you could search for free classified listings available at certain websites. Just be sure to read all the terms and conditions of the site before you even post an ad. It is very important to consider and do online classified advertising because it gives you a wide array of market for your business. And generally, it could save you a lot of money. However, this does not mean that you should forget the traditional classified advertising and the people involve in it. What is best to do is that you combine the two. In this way, you get a feel with the people offline, as well as those online making the business more successful.

By S Amazan June 29, 2008, 11:57 am | visits: 91 | wordcount: 501

Why Most People Will Never Make a Full-Time Income Online

The simple truth of the matter is that the only way you’re going to make real money on the net is if your business is based around two crucial things:

1) Large Demand

2) Buyers

In other words – you aren’t going to get rich selling a $15 ebook about growing square watermelons – even though that might be a great passion of yours.

The demand just isn’t there. Maybe there’s a few searches a day on Google for the topic, and perhaps there’s some interest in the online “gardening enthusiast” communities – but you’d be hard-pressed to make even a few hundred dollars a month from ebook sales.

Similarly, you also aren’t going to have a particularly easy time getting rich by building websites about some seemingly “popular” topics like humor, jokes, funny pictures and so on. And while there are a few ways to “monetize” your site (with AdSense, CPA Offers, CPM Banners, etc.), it takes literally millions of website visitors to make even just a few thousand dollars in markets like that.

The demand is huge – but the visitor value is extremely low…

Inter marketing Segmentation:

"Forming segments of consumers who have similar needs and buying behaviour

even though they are located in different countries"

Benefit Segmentation:

"Dividing the market into groups according to the different benefits that

consumers seek from the product"

Pakistan's Carpet export reaches $283 mln

KARACHI: The annual show for Carpet Industry titled “ Regional Hand Knotted Carpet Exhibition” will be held at the Karachi Expo Center from August 28-30, 2005 said Abdul Ghafoor Sajid, Chairman, Pakistan Carpet Manufacturers and Exporters Association (PCMEA).

The association held this exhibition in Lahore last year, 2004 and has planned this year, 2005 in Karachi.

Punjab has increased its share from 15 % to 70 % while Sindh loses on the same ratio, the major reason for the same is the one window operations and comfort of foreign buyer due to law and order situation.

The carpet exhibition 2004, held at Lahore, helped exporters to increase their export by US $ 50 million. The country total exports reached at US $ 283 million at the end of the fiscal year-2005, he said and maintained that the country’s carpet export of the financial year 2004 was made worth of US $ 232 million.

“The carpet manufacturers and exporters of the province of Punjab and especially of Lahore have already setup factory system for enhancing their carpet exports to the Western countries and to setup factory system for the carpet manufacturing in the province of Sindh, the Association (PCMEA) has already been working with ministry of commerce for acquiring land in the vicinity of Korangi Industrial Area to setup carpet-manufacturing factories” he further added.

The factory system would build the buyers’ and importers’ confidence on Pakistan as a whole, therefore, the province of Sindh would increase its share in the country’s carpet exports. At present, the share of the province of Sindh in the country’s export is about 15 to 17 percent while at one time in 1986 it was higher then the Indian Export that is now ten times of ours, the PCMEA President concluded.

Pakistan Times Business & Commerce Desk

Defining Your Marketing Program

The success of any business comes down to what customers do, and they
can only act based on what they see. That’s why marketing and advertising
gurus often say, “Perception is everything.” You must find ways to listen to
your customers and understand their perceptions of your firm and offerings,
because your customers (not you) need to define your marketing program.

Production Concept:

"The idea that consumer will favor products that are

available and highly affordable"

Demarketing:

"Marketing to reduce demand temporarily or permanently

the aim is not to destroy demand but only to reduce or shift it."

Designing a Positioning Strategy

A positioning strategy takes a psychological approach to marketing. It focuses
on getting customers or prospects to see your product in a favorable light
and think of it before competitors’ offerings. The positioning goal you articulate
for this kind of strategy is the position your product holds in the customer’s
mind.
Your positioning strategy can be as simple as saying that you want your brand
to be the easiest to buy, or as complex as saying your brand is easier to purchase,
more affordable, hipper, and more contemporary than the competition.
Just make sure your claims are truthful and believable.

Marketing Management:

"The art and science of choosing target markets and

building profitable relationships with them."

Market:

"The set of actual and potential buyers of a product or service."

Riding a bestseller to the top

If you have a bestseller on your hands — in other words, a product that outsells
your other products by a multiple, which means it ought to sell at least
three times as much as anything else ,why not make the most of it? Some
marketing experts look for bestsellers to achieve sales that are at least ten
times the norm; outstanding bestsellers can achieve a hundred or more times
the normal level of sales for a product in their category. If you have just one
bestseller in your line, growing your revenues and profits is a piece of cake.

Preparing for (ultimately successful) failures

Start small with new ideas and methods in marketing so you can afford to fail
and gain knowledge from the experience; then adjust and try again. Effective
marketing formulas are developed through a combination of planning and
experimentation, not just from planning alone. In marketing, you don’t have
to feel bad about making mistakes, as long as you recognize the mistakes and
take away useful lessons.

Knowing Your Customer

To make your marketing program more profitable and growth oriented,
think about how to reach and persuade more of the right customers. When
you understand how your customers think and what they like, you may
find better ways to make more sales.

needs:

"State of felt deprivation"

Wants:

"The form human needs take as shaped by

culture and individual personality"

Demands:

"Human wants that are backed by buying power"

Making the Sale

To manage sales effectively, divide sales into multiple steps and focus on one
step at a time as you prepare a sales plan or look for ways to improve your
sales effectiveness. As with any complex process, a weak link always exists.
Try to find the step in your sales process that you perform most poorly right
now and work to improve it.