About this course
Every naira your business spends is a decision — but without a clear framework, it is easy to confuse what is essential with what is simply desirable. This course gives you a practical, business-first lens for telling the difference between needs and wants, and for making spending decisions that support your goals. Covering prioritisation frameworks, cash flow discipline, and budget planning, it is designed specifically for Nigerian SME owners and entrepreneurs who want stronger control over how their money is used.
Learning Objectives
Define and distinguish between business needs and wants in everyday operations and purchasing decisions.
Apply a structured prioritisation framework to rank business expenditures by urgency and impact.
Identify how conflating needs and wants leads to cash flow problems and poor financial habits.
Build a simple budget that separates essential business costs from discretionary spending.
Make more informed borrowing decisions by accurately assessing what a loan will be used for
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Align business spending with long-term growth goals rather than short-term impulses or social pressure.
Who Is This Course For?
Entrepreneurs & Small business owners
Young Professionals & Everyday Users
Financial Literacy Advocates
Introduction
4 Parts
- 0:04 Hr
Introduction
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Meaning and Concepts of Needs & Wants
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Difference between Needs & Wants
Now that we know that needs and wants are different, let us now try to clearly differentiate them for better financial decision making.
4 Min
Attachments:
Self Assessment - Introduction
4 Questions
Min
Passed grade: 6/20
Attempts: 0/
Case Study
3 Parts
Case Study on Needs & Wants
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What Happens if You Fail to Set Right Priorities
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Self Assessment - Case Study
4 Questions
Min
Passed grade: 9/20
Attempts: 0/
Factors That Influence Needs and Wants
5 Parts
Factors That Influence Needs and Wants
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How Do We Know That Something is a Need?
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Taking Decision with Regard to Your Needs & Wants
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Is Money a Need or Want?
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Self Assessment - Factors That Influence
4 Questions
Min
Passed grade: 20/40
Attempts: 0/
Key Message
2 Parts
Why and How to Support Women when Dealing with Needs and Wants?
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Key Messages
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