Aside from learning general theory about how to run a business, you may be wondering what skills you can pick up from taking a GCSE in Business Studies.
Perhaps you are thinking of taking GCSE Business Studies but are concerned about how useful it will be to you?
Even if you don’t have aspirations of becoming a budding entrepreneur, there’s plenty to gain from the subject.
Business Studies will allow you to develop a variety of transferable skills that can improve your chances of being hired and stay with you for the rest of your life, regardless of what career path you take.
So, here is a list of the skills you will develop and perfect throughout your business studies ventures:
Understanding How Companies Work
One of the most important skills you can gain from a Business Studies GCSE is a keen understanding of how companies and organisations are run.
While this might not be an active skill you can apply to a certain career, a deep understanding of the inner workings of companies can give you great insights into what it’s like to be a working professional.
This will almost certainly prove to be a valuable skill for any company you join or interact with, since your knowledge of the ins and outs of the business can help you work well as part of a team within an organisation.
Without much prior knowledge of how companies are run, you might find that it takes you a long time to adjust to a working environment, and to learn the ropes.
The quicker you can integrate, the more likely you are to impress your new employer, and gel with your new colleagues and workmates.
Good decision-making is an invaluable skill for any working professional to have under their belt.
A GCSE in Business Studies can force you to make tough decisions, even if they are only hypothetical ones. The choices you make for an imaginary business may seem arbitrary at times, but this will help you make quicker decisions if it ever becomes a reality.
Being exposed to the various decisions that a CEO or basic employee of a company has to make will help you in the long run with your own decision-making.
This will save you time and hassle in both your personal and professional life and can stick with you throughout your life.
One of the most important skills to have in business is proficiency with numbers.
This doesn’t mean you need to be able to do complicated sums off the top of your head, though.
Having good numeracy and mathematical skills can give you credibility when it comes time to crunch numbers.
The last thing you want is to come off as unprepared or frazzled in a business meeting just because you didn’t learn the basics about numbers.
Fortunately, GCSE Business Studies will give you the tools you need to work with numbers proficiently, as you study investment, funding and how to use and interpret financial data.
These mathematical abilities are widely useful and will demonstrate to your future employers that you have a logical, analytical mind.
At the end of the day, money talks in business, and you need to be able to wrap your head around the numbers to appear confident and credible.
Studying how organisations adjust to a changing market will teach you how to be adaptable in business.
This is an extremely useful and desirable quality that will make you more than capable of taking on multiple roles within your career.
If you have aspirations of climbing the career ladder and working your way up to the top, then you have to show that you can be adaptable.
Things aren’t always going to go well, and when disaster strikes, you want to be confident in your ability to react positively and take decisive action.
A lot of big businesses were formed around the time of the economic crisis in 2007-2008, since cunning entrepreneurs capitalised on the uncertainty to make their move.
If something similar happens and you are left unemployed, or in a company that’s sinking, then adaptability is the skill that can help you most.
Also you’ll be more than happy to accept that amazing promotion, knowing that you can step up and adapt to the workload.
The same way Business Studies can prepare you to deal with unforeseen circumstances, it can also help you to get organised and plan ahead.
One of the best ways to mitigate a disaster when you’re leading an organization or even an employee is to plan ahead.
GCSE Business Studies teaches you that planning is one of your most powerful tools.
With it, you can avoid certain failures, and flourish when others are floundering.
A great plan is the key to a lot of success in life, including writing those GCSE essays!
Learning how to innovate and develop business plans requires a great deal of organisation, so it’s well worth learning the skill of planning before you go into the world of work.
This, of course, is a crucial skill that will definitely serve you well no matter what career you decide to pursue.
Whether you end up working in accounting or the entertainment industry, having a contingency plan is essential.
If you plan in advance, there’s less events that can surprise you, which will give you the upper hand over others who are blindsided by such events.
The skill of problem-solving plays a significant role in any GCSE Business Studies course.
There are many scenarios in which problem-solving comes up in GCSE Business Studies. These include coming up with a business plan that works, adapting to changes in the market and deciding whether or not it would benefit a company to employ people.
Pretty much anything you do in GCSE Business Studies will require you to put your thinking cap on and solve the problem/s in front of you.
In business, there are always fires to put out.
The higher up the chain of command you are, the more fires you will have to put out.
So it’s essential that you work on your problem-solving skills as much as possible, particularly if you’re ambitious and see yourself in a management position some day.
The workplace is full of workers that might appear to be a single collaborative unit, but each worker is a person with career aspirations, dreams, and problems. As a result, it can seem like a juggling act at some times keeping people happy and working as hard as possible.
Even in an entry-level position at a company you can find yourself with plenty of problems to work on.
Through taking GCSE Business Studies you will likely improve your ability to come up with elegant and logical solutions to problems which employers, of course, love.
Presentation skills are imperative in many positions of power at a company, so a subject that allows you to develop them is a definite advantage.
Practising presenting will improve your communication skills and confidence, which are both valuable life skills.
At just about any level of business, you will have to give a presentation at one time or another.
Employers, business partners, and investors like to stay abreast of everyone that’s going on within a company, and that could mean that you are called upon to present findings or figures.
In a GCSE Business Studies course it’s more than likely that you’ll be asked to make presentations to convince your peers that you have the strongest case.
Being able to stand up in front of a class full of your peers takes courage, and although it can certainly be intimidating the first few times, you will get more comfortable with it over time.
If you avoid it at all costs, then when the time comes to make a presentation in your working life, you’re probably going to panic.
That’s why you need to challenge yourself to work on your presentation skills as much as possible, so you can master your oral communication for when it becomes an important part of your work.
Public speaking is one of the most impressive and employability-boosting skills you can pick up, and it transfers to pretty much every field.
There is no doubt that working on your public speaking will boost your confidence, which can in itself have numerous benefits for your professional and personal life.
As you can see, Business Studies is a useful, practical and fascinating subject that many students enjoy and benefit from.
This should alleviate any concerns you may have had surrounding the usefulness of the subject, even if you don’t plan on becoming an entrepreneur in the future.
A GCSE in Business Studies is a worthwhile qualification for a variety of careers and will open many doors to you.
You just need to make sure that you apply yourself fully and confront problems with a positive attitude, so that you can glean the most out of the course.