Everyday Applications of Business Administration Skills

Many people are coming to realize that business skills are essential to succeed in their careers, no matter what sector or industry they are in. Business skills go beyond understanding basic economic principles or accounting knowledge despite what most people believe. Some of the most important skills you can acquire from a diploma course in business administration are soft skills such as conflict resolution, effective communication, and time management, each of which can pay huge dividends in your job.

However, these business skills go beyond career considerations. You can use them to succeed in life as well.

Effective communication

The ability to put across what you mean in a constructive manner is a skill people take for granted despite not having them. Most people think that effective communication comes naturally, but it really does not. In many cases, people talk or write in ways that block communication instead of promoting it.

Business school, even when conducted virtually, can help you develop habits of effective communication strategies such as sticking to a point, avoiding tangents that can derail a discussion i.e. name-calling, and reading non-verbal cues for in-person discussions. The program can help make any encounter in the workplace go smoothly and productively.

You can carry over these same skills and habits to your home and social life. For example, talking about feelings and emotions can be highly charged, and often end up in fights or misunderstanding if not handled well. Most people would rather avoid that, so they keep quiet, but that does not solve anything. Effective communication skills can help you avoid conflict by talking about feeling hurt or sad to your partner or child without being confrontational. This encourages an exchange of views rather than accusations and recriminations, and helps resolve the issue instead of making it worse.

Home management

Everyone wears many hats. A welder can also be a coach, while a bank president could also be a great cook. No one is fully defined by what they do for a living, and that is just as it should be. The only real limiting factor in achieving a well-rounded life is time. In most cases, people have to juggle their time to have a good work-life balance, and that is where time management skills come in. 

Time management means striking balance between the important and urgent. At work, this might take the form of creating time-bound milestones to achieve, and it is up to the worker to figure out a way to meet those deadlines. As part of business education, goal-setting and time allocation skills become part of a mindset. At home, this mindset can help people play their roles effectively.

For example, if you know you have to prepare dinner when you get home, you will make sure you have enough time to do it by going straight home and starting food prep immediately instead of dawdling by watching television or reading through social media. You know you can do that while waiting for the roast to cook or the pot to boil.

Time management skills can also help you schedule social activities so you don’t wait until the last second to prepare. For example, if you know you have a wedding to attend on the weekend, you will set aside time to shop for suitable attire a few days before so you will not be scrambling on the day itself.

Hobbies and playtime

It might seem weird to think about the skills we want for business as applicable to your hobbies and playtime, but they really are. Any business requires effective planning and strategy, and nothing can help you maximize your leisure time activities more than good planning.

For example, if you plan to go on vacation with your family, you need to do a lot of preparation beforehand to make sure you extract as much enjoyment as you can. Booking cost-effective flights and accommodations aside, you also need to think about your itinerary in a logical fashion. You also have to plan for the money you will spend to make sure you don’t overstretch your finances unnecessarily.

You might also think about how skills in planning and strategy can help you in your hobbies. For example, if you like to cross-stitch, you want to make sure you have all the materials you need in the right amounts at the right time based on your current project.

These might seem like little things, but they count. Proactive thinking can have a big impact on the benefits you acquire from your leisure time.

Personal finance

Speaking of money, business school places special emphasis on managing a budget. After all, a business runs on money to make money, so financial management is a crucial factor in business success. Of course, not all people that go to business school will actually manage the money of a business, but all of them will manage their own personal finances.

Finance management is a crucial skill to have for anyone who spends money, which basically means everyone, even children. If you make a habit of making a budget and sticking to it, you have control over your money instead of the other way around. Living within your means gives you true financial freedom. More importantly, you are teaching everyone around you to do the same if they see it as a way to keep from going into debt or overstressing over money.

Summary

Business administration skills translate very well into everyday applications and in crucial areas of life. While some people already have one or more of these skills, most people need some instruction in basic skills and strategies that they can get from business school.

Eton College offers comprehensive business administration diploma programs designed to teach students the skills and strategies they need to succeed in work and in life. The program has produced numerous graduates that have since gone on to lucrative careers across multiple sectors and industries.