Characteristics of an honest business person

“Business is not just doing deals; business is having great products, doing great engineering, and providing tremendous service to customers. Finally, business is a cobweb of human relationships.” Ross Perot.

In whatever color, shape or form, business is a vital aspect of life. People make honest businesses as much as dishonest ones. To be shrewd is being accurate or clever at judging people and situations, especially in business and projects. Honest business people abound as much as we have honest people. The world is equally awash with dishonest people and businesses. Your kind of person and the way you execute your business are closely intertwined.

An honest man is someone who:

Says what they mean,

Does not steal,

Does not lie,

Respect their responsibly to self,

Respect their responsibility to family, and

Respect their responsibility to society

What then makes an honest business person?

Honesty to self

To be honest and truthful to self is a major hallmark of an honest business person. This principle denotes doing business with a clear conscience and peace of mind. To be honest to oneself equals being honest to humanity, and to God, truthfully doing what you set out to do, honestly professing what you claim you are, and justly serving or selling you displayed goods and services.  Your mind is thus free from all guilt.

Honest to Family

To be honest to one’s spouse and family is the greatest indicator of the faithfulness and fidelity of a spouse and her innermost cell and members of her most private caucus in life. To deny one’s spouse and children of essential personal and private matters in the relationship and family life is a great indicator that one would not be truthful to business partners as required, which may lead to fraud, cheating, deception and lack of trust among the business parties.

Responsibility to Society

Those who tried to cheat the society in one way or another, or through tax payment evasion, eventually come back to pay heavily for it. “He that walketh uprightly walketh surely: but he that perverteth his ways shall be known. The labour of the righteous tendeth to life: the fruit of the wicked to sin. Pro. 10: 9, 16).

Truthful to one’s calling

A thorough search and development of one self, and the pursuit of that business in which one has profound knowledge or is an authority makes you excel without taking undue advantage of others. Doing what you know best prevent you from presenting a shoddy product or sub-standard service. While getting business is needful, not all businesses are expedient to one. Therefore, truthful pursuit of the trade in which you are best gifted prevents you from cover up and dishonest practices.

Fair and just measures

An honest business person would endeavor to be honest even in the slightest of all his transactions. He would not accept dishonest deals and illegal transactions. Neither would he take undue advantage of people and government. He uses proper measures and standards. He avoids deception, and does not cheat. He is fair and just in all his dealings; would even go the extra mile to forgive people who are unfair to him.

 Veracity

While seeking success, the honest business person is habitually truthful, does not lie, and not a charlatan. He is principled, truthful, and consistent as he strives to succeed in businesses and deals.

Strict integrity

The man who has set his good moral principles, and steadfastly adheres to those principles in all situations and transactions is an honest business person. He is undivided in his ways, completely and always in a sound state of mind and state of being.

Generosity

Because he is honest, he is also kind and generous. His generosity enhances his principle of honesty, keeping him good to people and the society without any expectation of reward, returns or public recognition of his goodness and philanthropy.

 Accountability

He pays taxes, public dues and levies without cutting corners. He renders proper and true accounts, records and reports without fair or favor to self, organization, or business transactions and projects.

Not selfish

An honest business person is not selfish. Even though he believes that profitability is the soul of business, he prosecutes his transactions without being self-centered. He makes more business and profit because of his selfless attitude.

Not Slothful

”Go to the ant, thou sluggard; consider her ways, and be wise:Which having no guide, overseer, or ruler, Provideth her meat in the summer, and gathereth her food in the harvest. How long wilt thou sleep, O sluggard? when wilt thou arise out of thy sleep? Yet a little sleep, a little slumber, a little folding of the hands to sleep: So shall thy poverty come as one that travelleth, and thy want as an armed man”.  (Pro. 6: 6 – 11)

 Goodwill

An honest business person has goodwill towards staff, employees and business partners. As a result, he is not envious of the progress or achievement of other people. He is equally free from the negative tendencies of hatred, jealousy, malice, pessimism, fear, and doubt which are the recourse of a dishonest life and deals.

 Support the needy

An honest business person is a philanthropist deep in his heart. He gives in support of worthy causes, not to evade the tax but rather out of principle and attitude towards life. He understands the intrinsic benefit of helping others, and the enduring happiness of supporting the needy.

In conclusion, the person who has principled his life on the path of the golden rule, never to do unto another that which he would not be willing for other people to do unto him in return, or in a reversed condition, is the honest business person.

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