A university teacher,
Dr Harry Ogbonna has said that acquisition of managerial skills by the large army of small and medium scale entrepreneur is the Panacea for sustained economic growth in the country.
He said that good sales and marketing skills were potent management vehicles to expand income and product distribution.
Ogbonna, a lecturer in economics department at the federal university, Wukari in Taraba State, and an indigene of Rivers State who disclosed this to The Tide on his visit to Port Harcourt, said that good business skills were key to meeting projections.
According to him, sales promotions are some of the ways of penetrating the market and they should be organised quarterly in every business to attract interest.
He said “seminars ought to be held to create awareness and introduce new products to the market. One of the basics of good business management was for entrepreneurs to recruit workers with experience and passion for the job”.
The don maintained that tin staff recruitment, entrepreneurs needed to select people based on their competence and ability to do the job, pointing out that since operational cost of business is hinged on finance, using the scale of preference will tackle problems based on importance of needs.
Ogbonna, however, posited that these tools will increase the financial intelligence of entrepreneurs in business management.
In the area of information technology, he stated that there are many software programmes that were designed by experts to aid entrepreneurs.

Corlins Walter