Studies have drawn out the valuable qualities of good businessmen, which are: Taking "trust" as the first (keeping trust to gain trust); Knowing others and knowing yourself; Knowing how to anticipate and go ahead to be better than others; Knowing how to adapt to the situation; Being hard-working (finding gold in the sand, hiding jade in the rock); Having the talent to use people; Knowing how to wait for the right time, being slow to wait for change; Knowing how to turn defeat into victory; Being patient (with diligence, iron will one day become a needle).1. Take "trust" as the first, keep trust to gain trust.
Once a business has built a reputation, it will be more trusted. Having trust will bring in more customers and receive more help from customers and partners. That is also a quality and a business technique.
The Jews are a nation that is good at making money. Currently, there are over 13 million Jews scattered throughout the world, holding a large financial resource. They are known as “world merchants”. One of their “tricks” in business is to always thoroughly fulfill the contract.
2. “Know thyself.”
In business, “knowing yourself and your enemy” means knowing your own capabilities and those of your partners, your capabilities and those of the market. The German car company BMW has “attacked” the Japanese market. Through research, BMW discovered that Japanese car buyers are always afraid of “being conceited” and prefer to buy through acquaintances, and the diversified characteristics of the Japanese supply network are something that can be exploited.
They then linked up with non-automotive industries, selling BMW cars to connected customers through their sales network. In the first five years of BMW's entry into the Japanese market, the company sold a record 140,000 cars per year in Japan, successfully establishing its foothold in the auto market there.
3. “Be ahead of the curve to be better than others.”
To be ahead of others, you must have two qualities: knowledge and courage. Many successful businesses are thanks to these qualities.
In the early 1950s, Taiwan's plastics industry was still very backward, and the world's plastics industry was also in its early stages of development. Mr. Wang Yongqing saw a bright future for this industry and boldly borrowed 680,000 USD from the US Development Agency Representative Office in Taiwan to build a plastics factory. Currently, his Taiwan Plastics Company has become a multinational corporation. Mr. Wang Yongqing is known as the "god of business".
4. “Improvise”.
Today’s international and domestic markets are changing rapidly in two aspects: one is extremely fierce competition, new products are constantly being introduced; two is the psychology and preferences of consumers are constantly changing. Businesses must be highly adaptable, creative, know how to “anticipate, take shortcuts”, and react promptly.
In the late 70s, when video games were popular all over the world, Hong Kong electronics factories were believed to have acted immediately, mass-producing video game consoles for the world market and earning huge profits. In 1983, personal computers were popular again in the United States, and Hong Kong electronics factories immediately switched to producing this product for the American market, and once again earned huge profits.