Is business person one word

Last Update: Jan 03, 2023

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noun, plural busi·ness·men. a man regularly employed in business, especially a white-collar worker, executive, or owner.

Is businesspeople one or two words?

a person regularly employed in business, especially a white-collar worker, executive, or owner.

What spelling is businessman?

Correct spelling for the English word «businessman» is [bˈɪznəsmən], [bˈɪznəsmən], [b_ˈɪ_z_n_ə_s_m_ə_n] (IPA phonetic alphabet).

Is business woman one word or two?

noun, plural busi·ness·wom·en.

What is the plural of businessman?

businessman. Plural. businessmen. The plural form of businessman; more than one (kind of) businessman.

22 related questions found

What is the salary of businessman?

The highest salary for a Businessman in India is ₹1,02,964 per month. The lowest salary for a Businessman in India is ₹15,556 per month.

How can I write businessman?

noun, plural busi·ness·men.

What’s a business woman called?

Synonyms & Near Synonyms for businesswoman. businessman, businessperson, enterpriser, entrepreneur.

What is called business woman?

: a woman who transacts business especially : one who is a business executive.

What do you call a female executive?

Noun. A female leader of a work crew (a female foreperson or female foreman) forewoman. boss. manageress.

What called businessman?

A businessman or businesswoman is a person who has ownership or shareholdings over a private establishment and undertakes activities (commercial or industrial) for the purpose of generating cash flow, sales, and revenue by utilizing a combination of human, financial, intellectual and physical capital with a view to …

How do you spell engineer’s?

a person trained and skilled in the design, construction, and use of engines or machines, or in any of various branches of engineering: a mechanical engineer; a civil engineer. a person who operates or is in charge of an engine. Also called locomotive engineer.

Who are the successful entrepreneur?

Andrew Carnegie, Henry Ford, Oprah Winfrey, Bill Gates, and Larry Page are among the most celebrated American entrepreneurs in history.

What is difference between entrepreneur and business person?

A businessman is a person who runs the business, undertaking an unoriginal business idea. On the contrary, an entrepreneur is someone who first initiates a product or business idea and thus the leader of that in the market.

Who was the first woman entrepreneur?

First, Kalpana Saroj today is the CEO of Kamani Tubes and currently she has personal assets worth $112 million and she is known as first women entrepreneur of India.

What is a boss lady?

A boss lady can literally mean a lady boss in a work space, but our definition of boss lady is a woman who gets life done, whether that be at work, at home, in an office, with their coworkers, family, dog, cat, friends, etc. … Boss ladies know the beauty in balance.

What is the best business for a woman to start?

The 13 Best Business Ideas For Women

  1. Educational services. About 77% of public school teachers in the U.S. are female. …
  2. Design businesses. …
  3. Skincare & beauty. …
  4. Home, life, & financial organization. …
  5. Event planning. …
  6. App development. …
  7. Caring for animals or children. …
  8. Food service/catering.

How do I become a business woman?

First things first, becoming a successful businesswoman requires a good education in the field. You may have a great business idea and the capital to invest in it but have no idea where to get started. Proper education, such as an MBA program, is essential to teach you everything you need to know about doing business.

Who is the first businessman in India?

Dhirubhai Ambani, in full Dhirajlal Hirachand Ambani, (born December 28, 1932, Chorwad, Gujarat, British India—died July 6, 2002, Mumbai, India), Indian industrialist who was the founder of Reliance Industries, a giant petrochemicals, communications, power, and textiles conglomerate that was the biggest exporter in …

Is a businessman a career?

In general, being a businessman is a profession, while being an entrepreneur is a behavior, a way of seeing and placing yourself in the world. … The entrepreneur is guided by purpose, by idea, by solving a problem, and by innovation. The businessman is focused on continuing the business”.

What are some good business ideas?

Best Small Business Ideas

  1. Handyman. Image Source. …
  2. Woodworker. …
  3. Online Dating Consultant. …
  4. Sewing and Alteration Specialist. …
  5. Freelance Developer. …
  6. Personal Trainer. …
  7. Freelance Graphic Designer. …
  8. Life/ Career Coach.

Table of Contents

  1. Is businessperson a word?
  2. What is the English meaning of businessperson?
  3. How do you spell business person?
  4. How do you describe a business person?
  5. What is the difference between an entrepreneur and a business man?
  6. Is entrepreneur a profession?
  7. Who is successful entrepreneur?
  8. Do you have to be smart to be an entrepreneur?
  9. What are the 10 characteristics of entrepreneur?
  10. What are the 12 characteristics of successful entrepreneurs?
  11. Is entrepreneurship a soft skill?
  12. How do you show entrepreneurship?
  13. How hard is to start a business?
  14. What is the hardest part of running a business?
  15. Is it worth starting a small business?
  16. What is the most important thing to start a business?
  17. What are the five basic issues to consider when starting up a business?
  18. Who can help me start a business?
  19. What are the 6 factors to consider when starting a small business?
  20. What are the six stages of a business?

noun. a person regularly employed in business, especially a white-collar worker, executive, or owner.

What is the English meaning of businessperson?

: a person and especially an executive who transacts business : a businessman or businesswoman.

How do you spell business person?

Correct spelling for the English word “business person” is [bˈɪznəs pˈɜːsən], [bˈɪznəs pˈɜːsən], [b_ˈɪ_z_n_ə_s p_ˈɜː_s_ə_n] (IPA phonetic alphabet).

How do you describe a business person?

Here are some of the most common and powerful character traits that describe small business owners who have started successful businesses.

  • Driven. Sam Edwards / Getty Images.
  • Goal-Oriented. Ezra Bailey / Getty Images.
  • Confident. Mimi Haddon / Getty Images.
  • Passionate.
  • Budget-Minded.
  • Self-Reliant.
  • Humble.
  • Resilient.

What is the difference between an entrepreneur and a business man?

A person who brings his unique idea to run a startup company is known as an entrepreneur. A businessman is a person who starts a business on an old concept or idea. A businessman makes his place in the market with his efforts and dedication, whereas an entrepreneur creates the market for his own business.

Is entrepreneur a profession?

It is as much of a career as anything else. Entrepreneurs are the job creators of society, and one of the biggest challenges facing modern economies can be unemployment. But quite simply the more businesses we have, the more jobs there will be.

Who is successful entrepreneur?

Andrew Carnegie, Henry Ford, Oprah Winfrey, Bill Gates, and Larry Page are among the most celebrated American entrepreneurs in history.

Do you have to be smart to be an entrepreneur?

So, do entrepreneurs need to be “smart” to be successful? Yes… just not in the way most people think of “smart”. Learn the skills you need to secure your future as an entrepreneur in 2015 with Robert Kiyosaki LIVE in South Africa this July.

What are the 10 characteristics of entrepreneur?

10 Characteristics of a Successful Entrepreneur

  • Creativity.
  • Professionalism.
  • Risk-taking.
  • Passion.
  • Planning.
  • Knowledge.
  • Social Skills.
  • Open-mindedness towards learning, people, and even failure.

What are the 12 characteristics of successful entrepreneurs?

The 12 Characteristics of Successful Entrepreneurs

  1. They take what they do seriously.
  2. They make it all about the customer.
  3. They make the big decisions carefully.
  4. They aren’t scared of the road less traveled.
  5. They harness technology.
  6. They invest in themselves.
  7. They are constantly learning.
  8. They’re not afraid of risks.

Is entrepreneurship a soft skill?

To thrive in today’s digital economy and in the future, young entrepreneurs need not just ‘hard’, business and digital skills, and sector specific technical knowledge, but also the ‘soft’ skills that shape how an individual interacts with others and achieves their goals.

How do you show entrepreneurship?

Here is a list of 12 effective ways to build entrepreneurial skills that matter:

  1. Take a different path.
  2. Start a business.
  3. Stick with challenges.
  4. Delay gratification.
  5. Manage your own finances.
  6. Volunteer to lead.
  7. Practice communication skills.
  8. Learn from a mentor.

How hard is to start a business?

Starting a business is hard work, requires a lot of determination and learning, and only pays off in the long term. Take an honest look at yourself before leaping. Are there customers with real pain and money? Or maybe the people who really need the product don’t have any money.

What is the hardest part of running a business?

We asked entrepreneurs and business owners about the hardest thing they’ve experienced in running a business.

  • #1- Learning to say no.
  • #2- Managing technology priorities.
  • #3- Embracing change and leading people to scaling a business.
  • #4- Getting the right support staff.
  • #5- Remembering to think, not just to do.

Is it worth starting a small business?

According to the study, 64 percent of workers expected to be less stressed after starting their own business. However, only 55 percent actually ended up that way. Building a business from the ground up is a lot of work. You’re likely going to be more invested in its success than you would working for somebody else.

What is the most important thing to start a business?

By far the most important part of starting your own business is idea validation. Where most people go wrong is that they think they need to have an idea first, and then start a business around that idea.

What are the five basic issues to consider when starting up a business?

Here are five crucial tips that you need to consider before starting a business:

  • Identify Your Skills.
  • Audit the Market Demand of Your Idea.
  • Check for Availability of Resources.
  • Work on a Financial Plan.
  • Be Ready to Face Failure.

Who can help me start a business?

To help you on your business quest, carve out time to talk with the following five people.

  • Your spouse. One of the first people you should talk with about this new venture is your spouse.
  • A lawyer.
  • An accountant and trusted advisor.
  • A business coach or mentor.
  • A banker.

What are the 6 factors to consider when starting a small business?

6 things to consider before starting a business

  • Turn your idea into a plan. Every entrepreneurial journey starts with an idea.
  • Self-discipline. This may be one of the most important qualities for an aspiring entrepreneur to have.
  • Be flexible.
  • Follow your passion.
  • Listen to the pros.
  • Find a nurturing environment for entrepreneurs.

What are the six stages of a business?

In all, there are six distinct stages: Planning, Presence, Engagement, Formalized, Strategic, and Converged. With Planning, companies set out to create a strong foundation for strategy development, organizational alignment, resource development, and execution.



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Поставьте слова в скобках во множественном числе.
1.(Business person) are involved in the management of (company)
2.My father builds (bridge)
3.Every year they spend a couple of (month) at the seaside
4.In our orchard we grow (potato) and (tomato)
5.This museum exhibits the 18th-century (organ),(piano) and (grand piano)
6.Why do financial (crisis) happen ?
7.I want to read Shakespeare s (play), both (tragedy) and (comedy)
8.(Roof) on houses vary in geometry, method of ventilation and covering material.
9.There are computer (disc) in those (box).
10.At the Geography lessons we study nature (phenomenon).
Заранее спасибо за помощь)).

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  • 0


1. Business people are involved in the management of companies.

2. My father builds bridges.

3. Every year they spend a couple of months at the seaside
.

4. In our orchard we grow potatoes and tomatoes.)

5. This museum exhibits the 18th-century organs, pianos (or piani) and grand pianos (or grand piani).

6. Why do financial crises happen?

7. I want to read Shakespeare’s plays, both tragedies and comedies.

8. Roofs (or rooves) on houses vary in geometry, method of ventilation and covering material.

9. There are computer discs in those boxes.

10. At the Geography lessons we study nature phenomena.

  • Комментариев (0)



  • 0


1.business persons, companies

2. Bridges

3 months

4 potatoes, tomatoes

5 organs,pianos, grand pianos

6 crises

7 plays,tragedies,comedies

8 roofs

9 discs, boxes

10 phenomena

  • Комментариев (0)

Businesspeople and business leaders

Businesspeople and entrepreneurs

A businessman, businesswoman or businessperson is someone who works in their own business or as a manager in an organization.

Note: The plural of businesspersion is businesspeople. Businessperson and businesspeople can also be spelled as two words: business person, business people

An entrepreneur is someone who starts or founds or establishes their own company. Someone who starts a company is its founder. An entrepreneur may found a series of companies or start-ups. Entrepreneurial is used in positive way to describe the risk-taking people who do this, and their activities. Some companies entrepreneurs leaves the companies they found, perhaps going on to the found more companies. Others may stay to develop and grow their business.

Note: Found is a regular verb. Past tence and Past principle: founded. Establishment can also describe an action (e.g. the establishment of a successful business was his main aim in life)

! Some English speakers believe it is not correct to use grow as a transitive verb in this context.

Words

businessman/businesswoman/businessperson

someone who runs their own company, business or a organization

[plural] businesspeople

entrepreneur /ˌɒntrəprəˈnɜː $ ˌɑːntrəprəˈnɜːr/ ★☆☆ n.

[countable] someone who starts a new business or arranges business deals in order to make money, often in a way that involves financial resks.

He is one of famous entrepreneurs in the AI industry.

entrepreneurial adj.

entrepreneurial is used in positive way to describe the risk-taking people who do this, and their activities

He always feel all the system existed are unresonable, and he realize he is entreprenurial.

start-up n.

[countable] a new small company or business, especially one whose work involves computers or the Internet

Attics Lab is one of start-ups.

establish /ɪˈstæblɪʃ/ ★★★ S2 W1 vt. SYN found

to start a company, organization, system, etcc that is intended to exist or continue for a long time

The city of Boerne was established by German settlers in the 1840s.

establishment /ɪˈstæblɪʃmənt/ ★★☆ W3 n.

[countable]formal an organizatioin or institution, especially a business, shop etc

a first-class training establishment

Leaders and leadership

A large company mainly owned by one person or family is a business empire. Successful businesspeople, especially heads of large organizations, are business leaders or, in journalistic terms, captain of industry.

There is alot of discussion about whether people like this are born with leadership skills, or whether such skills can be learned.

Words

empire /ˈempaɪə $ -paɪr/ ★★☆ W3 n.

[countable] a group of organizations controlled by one person

a business empire

[countable] a group of countries that are all controlled by one ruler or government

the Roman empire

Magnates, moguls and tycoons

People in charge of big business empires may be referred to, especially by jouralists, as magnates, moguls or tycoons. These words often occur in combinations such as these:

collocations with magnate  
media
press
shipping
oil
magnate
collocations with mogul  
movie
media
shipping
mogul
collocations with tycoon  
property
software
tycoon

Words

property /ˈprɒpəti $ ˈprɑːpər-/ ★★★ S2 W1 n.

[countable, uncountable] a building, a piece of land, or both together

Property prices have shot up recently.

[uncountable] the thing or things that someone owns

The hotel is not responsible for any loss or damage to guests’ personal property.

It is the end of this time : )

  • Top Definitions
  • Quiz
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  • Examples
  • British

This shows grade level based on the word’s complexity.

[ biz-nis-pur-suhn ]

/ ˈbɪz nɪsˌpɜr sən /

This shows grade level based on the word’s complexity.


noun

a person regularly employed in business, especially a white-collar worker, executive, or owner.

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usage note for businessperson

Words nearby businessperson

business machine, businessman, businessman’s holiday, business park, businesspeople, businessperson, business plan, business process re-engineering, business reply, business suit, business unionism

Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Words related to businessperson

baron, businessman, businesswoman, capitalist, dealer, employer, entrepreneur, executive, financier, industrialist, manager, merchandiser, merchant, operator, storekeeper, suit, trafficker, tycoon, big wheel, franchiser

How to use businessperson in a sentence

  • As a businessperson, I typically focus on problems I must deal with, so I’ve never thought deeply about what challenges the global music industry is facing.

  • Whether you’re a businessperson or bystander, this is my best effort to lay everything out.

  • If you are the kind of businessperson who envies a subscription model, like Netflix’s, because it guarantees a steady flow of revenue — well, it sounds terrible to say so, but dialysis patients are about as loyal as any subscriber can be.

  • Incidentally, all of their CEOs appear on our Businessperson of the Year list—Jeff Bezos at No.

  • That wealth is largely in Tesla shares, which have climbed over 1,000% since July 2019—a feat that helped him earn the title of Fortune’s Businessperson of the Year.

  • It was a life-changing immersion, one I would recommend for every serious foreign journalist or businessperson.

  • There remain plenty of national Republicans a businessperson can love.

  • But I think overall people still respected me as a businessperson.

  • Our viewer is a businessperson who cares about the global story as it relates to the economy and markets.

  • This led to certain expectations—nearly all of which, surely, were dashed the moment any credible businessperson read the book.

British Dictionary definitions for businessperson


noun plural -people or -persons

a person engaged in commercial or industrial business, esp as an owner or executive

undefined businessperson

Collins English Dictionary — Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Recent Examples on the Web

Prosecutors asserted that McGonigal concealed from the FBI the nature of his relationship with the former security officer and businessperson who had ongoing financial interests in foreign countries and involving foreign governments.


Kevin Johnson, USA TODAY, 23 Jan. 2023





Ivana Trump, a longtime businessperson and an ex-wife of former US President Donald Trump, died at the age of 73, the former President posted on Truth Social on July 14.


Cnn Editorial Research, CNN, 8 Nov. 2022





The criticism led to multiple challengers filing to seek Butler’s seat, including Republican state Sen. Bruce Thompson of White and three Democrats — state Sen. Lester Jackson of Savannah, state Rep. William Boddie of East Point and businessperson and party activist Nicole Horn of Atlanta.


Jeff Amy, ajc, 28 Feb. 2022





Experts say Trump’s more favorable ratings on the economy, compared with other issues including race relations and foreign affairs, reflect in part his reputation as a businessperson, though information on his income, wealth and taxes remain largely hidden from the public.


Don Lee Staff Writer, Los Angeles Times, 27 Oct. 2020





The earliest is a deed of sale from around 1000 A.D., indicating that it was sold by Khalaf ben Abraham, a businessperson active in Palestine and Syria, to Isaac ben Ezekiel el-Attar, who later gave it to his sons.


Jennifer Schuessler, BostonGlobe.com, 15 Feb. 2023





When a businessperson tells you making money isn’t their goal, that’s usually a good time to hang onto your wallet.


Washington Post, 14 Apr. 2022





King’s friend, Nick Delpopolo, isn’t as confident that any businessperson would be willing to partner with the Snyders.


Chris Bumbaca, USA TODAY, 7 Nov. 2022





In 2018, the Austin American-Statesman reported that Smith promised a San Antonio businessperson an appointment with the Department of Agriculture in exchange for a $29,000 loan.


Sneha Day, Dallas News, 18 Jan. 2022



See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word ‘businessperson.’ Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1834, in the meaning defined above

Time Traveler

The first known use of businessperson was
in 1834

Dictionary Entries Near businessperson

Cite this Entry

“Businessperson.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/businessperson. Accessed 14 Apr. 2023.

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    • See Also:
      • business class
      • business college
      • business cycle
      • business double
      • business education
      • business end
      • business English
      • business envelope
      • business machine
      • business park
      • business plan
      • business process re-engineering
      • business reply
      • business suit
      • business unionism
      • businesslike
      • businessman
      • businessman’s holiday
      • businesspeople
      • businessperson
      • businesswoman
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WordReference can’t find this exact phrase, but click on each word to see its meaning:

We could not find the full phrase you were looking for.
The entry for «business» is displayed below.

Also see: person

WordReference Random House Learner’s Dictionary of American English © 2023

busi•ness /ˈbɪznɪs/USA pronunciation  
n. 

  1. Business the buying and selling of goods for profit;
    trade;
    commerce:[uncountable]majored in business at her university.
  2. Business a person or corporation that buys and sells goods:[countable]started a business from the ground up.
  3. Business a store, office, etc., where trade is carried on:[countable]a small business on Main Street.
  4. Business amount or volume of trade:[uncountable]Business is up (= The amount of trade is increasing).
  5. something with which a person is rightfully concerned:[uncountable]Words are a writer’s business.
  6. affair;
    project;
    activity:[uncountable]I’m fed up with the whole business.
  7. the business, [uncountable] harsh or rough treatment, such as a scolding:gave him the business for missing such an easy catch.

adj. [before a noun]

  1. of or relating to business:studying business journalism.

Idioms

  1. Idioms get down to business, to apply oneself to serious matters:That’s enough small talk; let’s get down to business.
  2. Idioms have no business, [+ verb-ing] to have no right:You had no business breaking into my office.
  3. Idioms (to) mean business, to be completely serious:I think the gunman means business.
  4. Idioms mind one’s own business, to keep from meddling in the affairs of others:kept telling her to mind her own business.

WordReference Random House Unabridged Dictionary of American English © 2023

busi•ness 
(biznis),USA pronunciation n. 

  1. Businessan occupation, profession, or trade:His business is poultry farming.
  2. Businessthe purchase and sale of goods in an attempt to make a profit.
  3. Businessa person, partnership, or corporation engaged in commerce, manufacturing, or a service;
    profit-seeking enterprise or concern.
  4. Businessvolume of trade;
    patronage:Most of the store’s business comes from local families.
  5. Businessa building or site where commercial work is carried on, as a factory, store, or office;
    place of work:His business is on the corner of Broadway and Elm Street.
  6. that with which a person is principally and seriously concerned:Words are a writer’s business.
  7. something with which a person is rightfully concerned:What they are doing is none of my business.
  8. affair;
    project:We were exasperated by the whole business.
  9. an assignment or task;
    chore:It’s your business to wash the dishes now.
  10. Show BusinessAlso called piece of business, stage business. [Theat.]a movement or gesture, esp. a minor one, used by an actor to give expressiveness, drama, detail, etc., to a scene or to help portray a character.
  11. excrement: used as a euphemism.
  12. Idioms business is business, profit has precedence over personal considerations:He is reluctant to fire his friend, but business is business.
  13. Idioms do one’s business, (usually of an animal or child) to defecate or urinate:housebreaking a puppy to do his business outdoors.
  14. Idioms get down to business, to apply oneself to serious matters;
    concentrate on work:They finally got down to business and signed the contract.
  15. Idioms, Informal Terms give someone the business, [Informal.]
    • to make difficulties for someone;
      treat harshly:Instead of a straight answer they give him the business with a needless run-around.
    • to scold severely;
      give a tongue-lashing to:The passengers will give the bus driver the business if he keeps driving so recklessly.

  16. Idioms have no business, to have no right:You have no business coming into this house.
  17. Idioms mean business, to propose to take action or be serious in intent;
    be in earnest:By the fire in his eye we knew that he meant business.
  18. Idioms mind one’s own business, to refrain from meddling in the affairs of others:When he inquired about the noise coming from the neighbor’s apartment, he was told to mind his own business.

adj.

  1. of, noting, or pertaining to business, its organization, or its procedures.
  2. containing, suitable for, or welcoming business or commerce:New York is a good business town.
  • bef. 950; Middle English; Old English bisignes. See busy,ness

    • 1.See corresponding entry in Unabridged calling, vocation, employment. See occupation. 
    • 2.See corresponding entry in Unabridged commerce, trade, traffic.
    • 3.See corresponding entry in Unabridged company, firm.


    See isn’t. 


Collins Concise English Dictionary © HarperCollins Publishers::

business /ˈbɪznɪs/ n

  1. a trade or profession
  2. an industrial, commercial, or professional operation; purchase and sale of goods and services
  3. a commercial or industrial establishment, such as a firm or factory
  4. commercial activity; dealings (esp in the phrase do business)
  5. volume or quantity of commercial activity: business is poor today
  6. commercial policy or procedure: overcharging is bad business
  7. proper or rightful concern or responsibility (often in the phrase mind one’s own business)
  8. a special task; assignment
  9. an affair; matter
  10. serious work or activity: get down to business
  11. a complicated affair; rigmarole
  12. Also called: stage business an incidental action, such as lighting a pipe, performed by an actor for dramatic effect
  13. mean businessto be in earnest
  14. do the businessinformal to achieve what is required: it tastes vile, but it does the business

Etymology: Old English bisignis solicitude, attentiveness, from bisig busy + -nis -ness

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From Wikipedia, the free encyclopedia

«Businesswomen» redirects here. For other uses, see Women in business.

Businessman

BG Group-CNOOC signing ceremony in Brisbane hosted by QGC (8712724787).jpg

CNOOC Group Chairman Wang Yilin (left) shaking hands with BG Group Chief Executive Chris Finlayson in 2013

Occupation

Occupation type

Business

Activity sectors

Private
Description
Competencies
  • Innovation
  • Risk Taking Ability
  • Critical thinking
  • Goal seeking
  • Networking
  • Persuasion
  • Perseverance
  • Leadership

Education required

Qualification is not required

Related jobs

Capitalist

A businessman, businessperson, or businesswoman is an individual who has founded, owns, or holds shares in (including as an angel investor) a private-sector company. A businessperson undertakes activities (commercial or industrial) for the purpose of generating cash flow, sales, and revenue by using a combination of human, financial, intellectual, and physical capital with a view to fueling economic development and growth.[1]

History[edit]

Prehistoric period: Traders[edit]

Since a «businessman» can mean anyone in industry or commerce,[2] businesspeople have existed as long as industry and commerce have existed. «Commerce» can simply mean «trade», and trade has existed through all of recorded history. The first businesspeople in human history were traders or merchants.[3]

Medieval period: Rise of the merchant class[edit]

Merchants emerged as a «class» in medieval Italy (compare, for example, the Vaishya, the traditional merchant caste in Indian society). Between 1300 and 1500, modern accounting, the bill of exchange, and limited liability were invented, and thus the world saw «the first true bankers», who are certainly businesspeople.[4][need quotation to verify]

Around the same time, Europe saw the «emergence of rich merchants.»[5] This «rise of the merchant class» came as Europe «needed a middleman» for the first time, and these «burghers» or «bourgeois» were the people who played this role.[6]

Renaissance to Enlightenment: Rise of the capitalist[edit]

Europe became the dominant global commercial power in the 16th century, and as Europeans developed new tools for business, new types of «business people» began to use those tools. In this period, Europe developed and used paper money, cheques, and joint-stock companies (and their shares of stock).[7] Developments in actuarial science and underwriting led to insurance.[8] Together, these new tools were used by a new kind of businessperson, the capitalist. These people owned or financed businesses as investors, but they were not merchants of goods. These capitalists were a major force in the Industrial Revolution.[citation needed]

The Oxford English Dictionary notes the earliest known use of the word «business-men» in 1798, and of «business-man» in 1803. By 1860 the spelling «businessmen» had emerged.[9]

Modern period: Rise of the business magnate[edit]

The newest kind of corporate executive working under a business magnate is the manager. One of the first true founders of management profession was Robert Owen (1771–1858). He was also a business magnate in Scotland.[10] He studied the «problems of productivity and motivation», and was followed by Frederick Winslow Taylor (1856–1915), who was the first person who studied work with the motive to train his staff in the field of management to make them efficient managers capable of managing his business.[11] After World War I, management became popular due to the example of Herbert Hoover and the Harvard Business School, which offered degrees in business administration (management) with the motive to develop efficient managers so that business magnates can hire them with the goal to increase productivity of the private establishments business magnates own.[12]

Salary[edit]

Salaries for businesspeople vary.[13][14] The salaries of businesspeople can be as high as billions of dollars per year. For example, the owner of Microsoft, Bill Gates makes $4 billion per year. The high salaries which businesspeople earn have often been a source of criticism from many who believe they are paid excessively.[15]

Entrepreneurship[edit]

An entrepreneur is a person who sets up a business or multiple businesses (serial entrepreneur). Entrepreneurship may be defined as the creation or extraction of economic value. It is generally thought to embrace risks beyond what is normally encountered in starting a business. Its motivation can include other values than simply economic ones. [16][17][18]
In general usage, because the distinction is not clear-cut, the term ‘entrepreneur’ may be used as a (self-)promoting euphemism for ‘businessman’, or it may serve to objectively indicate particular passion and risk-taking in a business field. Still, the distinction is only one by degrees.[19][20]

See also[edit]

  • Business Magnate
  • Business
  • Entrepreneur
  • Media Proprietor
  • Corporate
  • Salaryman
  • White-collar worker

References[edit]

  1. ^ «businessman». WebFinance Inc. 2018. Archived from the original on 2 February 2009. Retrieved 6 July 2018. businessman[:] A person who is employed by an organization or company. Businessmen are often associated with white collar jobs. In order to avoid sexism or the perpetuation of stereotypes, the term is often replaced with «businessperson». The term «businesswoman» is less commonly used.
  2. ^ «BUSINESSMAN». Audioenglish. Retrieved 25 August 2014.
  3. ^ Dao, Zhi. History of Commerce in China. DeepLogic.
  4. ^ Roberts, J.M. (2013). The Penguin History of the World, Sixth Edition. New York: Penguin. p. 506. ISBN 9780141968728.
  5. ^ Roberts, J.M. (2013). The Penguin History of the World, Sixth Edition. New York: Penguin. p. 509.
  6. ^ Roberts, J.M. (2013). The Penguin History of the World, Sixth Edition. New York: Penguin. p. 510.
  7. ^ Roberts, J.M. (2013). The Penguin History of the World, Sixth Edition. New York: Penguin. p. 558.
  8. ^ Roberts, J.M. (2013). The Penguin History of the World, Sixth Edition. New York: Penguin. p. 559.
  9. ^ «businessman». Oxford English Dictionary (Online ed.). Oxford University Press. (Subscription or participating institution membership required.)
  10. ^ Drucker, Peter (2008). Management, Revised Edition. New York: Collins Business. pp. 13.
  11. ^ Drucker, Peter (2008). Management, Revised Edition. New York: Collins Business. pp. 14.
  12. ^ Drucker, Peter (2008). Management, Revised Edition. New York: Collins Business. pp. 15–16.
  13. ^ «Business and Financial Occupations». www.bls.gov. U.S. Department of Labor. Retrieved 18 September 2015.
  14. ^ «Management Occupations». www.bls.gov. U.S. Department of Labor. Retrieved 18 October 2015.
  15. ^ Gavett, Gretchen (23 September 2014). «CEOs Get Paid Too Much». Harvard Business Review. Retrieved 18 September 2015.
  16. ^ «Entrepreneur: What It Means to Be One and How to Get Started». Investopedia. 1 May 2006. Retrieved 2 April 2023.
  17. ^ «What is entrepreneurship?». Stanford Online. 10 January 2022. Retrieved 2 April 2023.
  18. ^ «Starting a Business | Encyclopedia.com». www.encyclopedia.com. Retrieved 5 December 2021.
  19. ^ «Difference between businessman and entrepreneur». Define Business Terms. 19 March 2023. Retrieved 2 April 2023.
  20. ^ «The Difference Between An Industrialist, Businessman And An Entrepreneur». The Gritti Fund. 21 February 2019. Retrieved 2 April 2023.

BUSINESS
VOCABULARY IN USE

10.
BUSINESSPEOPLE AND BUSINESS LEADERS

A

Businesspeople and entrepreneurs

A businessman, businesswoman or businessperson is someone who works
in their own business or as a manager in an organization.

Note: The plural or businessperson is businesspeople. Businessperson and
businesspeople can also be spelled as two words: business person, business
people.

An entrepreneur is someone who starts or founds or establishes their
own company. Someone who starts a company is its founder. An entrepreneur
may found a series of companies or start-ups. Entrepreneurial is used in a
positive


B

Leaders and
leadership

A large
company mainly owned by one person or family is a business empire. Successful
businesspeople, especially heads of large organizations, are business
leaders or in journalistic terms, captains of industry.


C

Magnates, Moguls and Tycoons

People in charge of big
business empires may be referred to, especially by journalists, as
magnates, moguls or tycoons. There words often occur in combinations such
as these:



EXERCISES

10.1

Use words from A and B opposite to complete this text.

The big place at the moment
for (1) _ _ _ _ _ _ _ _ _ _ _ _ _ is, of course, the Internet. Take John
Pace. ‘After an engineering degree at Stanford and an MBA at Harvard, I worked
for a while in computer games company. But I always felt I was an (2) _ _
_ _ _ _ _ _ _ _ _ _ _ _ _ kind of guy.


10.2

Who are (or
were) these famous businesspeople?

Use the
expressions in C opposite to describe them.



ANSWER KEY

American businessman Lawrence Edward Page co-founder of Google

A businessperson (also businessman or businesswoman) is someone who works at a job that focuses on making money. Very broadly it can mean anyone who works in industry or commerce. More narrowly, it is someone who works in the management (at high level, when the term is used even more narrowly) of a company. Sometimes the word means an entrepreneur or a merchant.

Many businessmen wear standard business clothes: a suit with collar, shirt, and necktie. However, this depends on the company, the local culture, and the country. In more informal places, neckties need not be worn.

Businesswomen[1] clothes have gone through many changes. Dresses and suits are common today.

References[change | change source]

  1. «Business Ideas for Women». Business Ideas. 2018-05-15. Archived from the original on 2018-05-17. Retrieved 2018-05-16.

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