1 - You should know the industry VERY well.
2 - You should be detail oriented.
3 - You should be willing to listen to advice, and know what is good and bad... by asking questions from competent sources.
There are various aspects of a business that the owner must manage. You must be able to step back and make good decisions.
There is an old addage: As a business owner you should work ON your business, not IN your business. Lots of truth in that statement.
what qualifations are needed run my own business?
If it is your own business you don't need any qualifications certain skills are needed of course but actual qualifications are not necessary.
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Qualifications obtained
There are many different certification programs available. You can check with your local gym to see what they require, or you can start your own business.
sex
To qualify to be vendor at an online job fair, you must own your own business. This business must have it's own website, with contact email and phone number. You must have a legitimate street address, also, and not just a PO Box number.
First step is to find out who authorizes the license for your particular business. Next you will have to find out the qualifications they have for obtaining a license. These can include a test, a check for a criminal record, and sometimes experience.
Ability to spell.
Neither. The constitution gives the qualifications.
Ph.D in Business Administration ...