Business Training Starts With You the Business Owner!
The game of business is not unlike any other game - there are winners and there are losers. The stakes are high and the competition is fierce. As the business owner you need to know if your business is in a position today that will enable the business to effectively compete, to profitably grow, and to become the dynamic business you would like it to be in the future.
Over half a million U.S. small businesses will fail this year according to statistics from the U.S. Small Business Administration. For every one business that succeeds, ten will not. Business failure is not only common with new start-up companies but also with businesses that have been around for some time.
An analysis by Coleman Management Services Inc., found that less than 17% of the reasons cited for business failure are due to outside influences such as inflation and economic reasons, or union problems. 83% of the reasons a business fails are within the control of business owners and managers.
What can business owners and organizations do to ensure they will survive and flourish? Where do successful companies invest their funds and attention? One area proven to result in long-term stability and expansion is business training. There is a direct correlation between the level of investment in company training and increased levels of productivity and profitability.
According to ASDT's (American Society of Development and Training) industry report shows that training and development initiatives at all organizational levels transform organizations. The knowledge gained can lead to increased productivity, profits and business success.
Business training starts with you the business owner. Initially, you need to assess your own set of business skills to determine what specific skills you lack and/or need to improve. Then, the same process of assessment needs to take place for each of your employees.
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