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Modern business is very difficult. Thanks to scientific and technological development, the rapid changes taking place in all spheres of activity. High-speed computers and new mathematical and statistical tools that provide an explosion of knowledge to entrepreneur. Changing business world, businessman or entrepreneur should acquire the basic skills for the development of efficient organization of business units. Basic skills or qualities that businessman should must have are mentioned below.

Ability to plan and organize
Foresight
Ethical Standard
Initiative and Creativity
Steadfast and Courageous
Adaptability to Changes
Industrious
Sound Financial Management
Technical Skill
Team Spirit
Conceptual Skill
Honesty

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