I want I had a nickel for every time someone requested me what the distinction is between CPAs and non-certified accountants. Primarily, non-licensed accountants can simply dangle up their shingle…
There seems to be a distinct lack of business education in schools. When I was at school we had a few lessons about business, but that was all it amounted to, a few lessons. What I was taught did not encourage me to make my way in the business world, and that’s a real shame. It didn’t teach many of my fellow students to make their way in the business world either, and yet things could have been so different.
Teaching students about the world of business will leave them with a better understanding of it. The world of business will no longer seem relevant only to those who work on Wall Street, but to people everywhere. This is because business is a huge part of our lives, and we do business more often than we realize.
Encouraging more business education in schools
So how can we encourage more business education in schools? It first and foremost starts with the teaching staff and what they plan to teach their students. Some teaching staff have a say in things, whereas others are only able to teach what they have been told to teach. In this case, we need to make sure that those who do the choosing, are aware of how important the world of business is to our lives. We need them to understand that a classroom may be full of mini entrepreneurs and businessmen and women who could find the world of business a thrilling one.
How to teach business in schools
When teaching children, you need to make sure that they enjoy what they are learning. What’s more is you can even teach them certain entrepreneurial skills, without them realizing. Get children to set their own targets, encourage them to write them down, and they are more likely to achieve them. Target setting is one aspect of the business world that everyone needs to learn, make it a habit or a less-scary thing to do, and you’re onto a winner.
If you would like your business to grow, then you need to recognize opportunities when they arise. The trouble is that not everyone is able to see these opportunities when they appear. Teaching children how to spot them is crucial, because it could mean a difference between fulfilling their potential, or making do with what they have.
Understanding the world of finance
Of course, you don’t need to teach children about every aspect of the financial world, but they will need to have a basic understanding at least. Children should ideally be taught how to budget, what interest is, and even how to get a mortgage or rent a property. The world of finance is an ever-growing one that needs to be grasped. The more prepared a student is when they leave school, the less likely they will be to get into debt.
Let them earn money
A great way for a child to learn about the world of business and indeed, finance is to let them earn money. Some kids have a paper route, others work in a local store when they’re old enough. Some kids get paid for mowing the neighbors lawn, whereas others can earn money from their parents by taking out the garbage and doing extra chores.
Allowing a child to earn money shows them that they need to work for it. It could also help them to understand how the world of business works. Any child who thinks “I need to work more to earn more cash” has basically got the world of business down to a tee. They know that in order to get a financial reward, they need to offer a service. Earning money can help to bring about independence, and make the child feel like they have a valued place in the world.
Teaching children to learn from failure
In addition to teaching children about how business works, they also need to know that business doesn’t always work. Teaching the child how to learn from a failure of a business, or a business transaction will no doubt help them to pick themselves up, dust themselves off, and start again. This analogy can be useful in many different areas of their lives, and isn’t just limited to the world of business.
Business education in schools is so important, and there is hope that schools across the country and the world as a whole, continue to teach more and more business. Each and every day we make business transactions without realizing, and we are affected by the business world every minute of the day, and night. Here’s hoping that the students of today will start to learn more and more about the world of business so that they know how it works, and how they can enter the business world and make it work for them.
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