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From The Collaborative International Dictionary of English v.0.44 [gcide]:
Businessman \Busi"ness*man'\ (b[i^]z"n[e^]s*m[a^]n'), adjective a person employed in a business at a managerial level, especially an executive or proprietor.
Note: This term is seldom applied to technical specialists, unless they are part of upper management. [PJC]
From WordNet (r) 2.0 [wn]:
businessman
noun: a person engaged in commercial or industrial business (especially an owner or executive) [syn: {man of affairs}]
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