6 Importance of Business Education for Students in Nigeria.
Business is the common thread of any industry. All parts and things that have life are involved in one business or another.
The man who refuses to do business at any level will soon find himself a beggar because business sustains life and development.
Nigeria is no slouch in the business world as Nigeria consistently ranks among one of the fastest growing sectors in Africa and the world at large.
Today, the country’s leaders support business, but by tomorrow, the nation’s entrepreneurial spirit and its weight will be transferred to the shoulders of the next generation.
This is why every young person must prepare and embrace the need to move into business before time is up.
In Nigerian universities, colleges of education, polytechnics and other tertiary institutions, business education is a course that should not be left behind. These institutions need to imbibe more courses that sponsor business education:
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6 Importance of Business Training for Students in Nigeria
1. To increase financial management skills
It is impossible to talk about business without profits of any kind. Businesses only thrive through good financial management. When a person receives proper business training, their financial management skills develop automatically. Somehow such a person begins to view money differently.
2. To increase entrepreneurship
Gone are the days when everyone got a white collar job after school. Until a person has adequate business training, he or she does not have the skills to start, grow, and scale a business should there be a delay in obtaining a white-collar job.
3. Make opportunities visible
Business education opens students’ minds to see opportunities in problems. As long as it is about making profits or making money in the short or long term, a business-oriented person will have their eyes open to see opportunities.
4. Promote appropriate marketing skills
Everyone sells something directly or indirectly. When a patient consults a doctor, the doctor is only selling his services to the patient, a teacher, a lawyer and all other professions are selling things.
No product or service can be sold effectively without proper marketing skills. You need to convince someone to buy your product and service and this is only possible when sales training is taught in schools.
5. To avoid business bankruptcy
Without proper information, any business, regardless of its potential for success, fails. The failure of any business will always be linked to inadequate information. Business related information can only be obtained through business training.
6. Promote independence
Until a person possesses the skills offered by business education, that person, regardless of the pedigree of his or her other professional skills, will be dependent on someone or something.
Business education not only teaches business but also certain skills that must be followed to ensure a smooth life.
Conclusion
The importance of business education cannot be overstated, regardless of what a person chooses to study, it is important to know that the street world is a commercial enterprise and business oriented people can navigate there.
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NSN Team
