Notwithstanding the importance of small scale enterprise (SSEs) in the creation of new products, services and employment opportunities; SSEs still encounter numerous problems as regards sustainability and its development over time. Recent survey reveals that the rate of business failure is alarming. Every year existing small businesses are not breaking even in their transaction. The core problem of small scale enterprises, appears not to be limited to finance alone as shown by reports but includes incorporation of diverse business education skills and competencies. With the present advocacy for entrepreneurship towards self reliance in Nigeria’s educational system, business education has a key role to play in the sustainability of the existing small scale enterprises and upcoming ones. By and large, business education stands to provide general management education, which will give the entrepreneur solid ground in accounting practice, marketing, managerial techniques, information and communication technology utilization.