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Many small businesses today were begun or continued because of an opportunity. Businesses are often inherited or started without really being thought out. Some businesses become hugely successful while others will fail miserably and some will just putter along in mediocrity. Often the reason for each of these situations is due to education.
In the case of the wildly successful business that person has an education. But we’re not talking about some formal Ivy League school they might have attended. No these people are educated in running a business and in particular their business. Say the business is inherited then where did they get their education? Often it is because they’ve worked for that business for many years. The family member in charge of the business taught them the ropes. And they probably attended a college of some sort to give them a more formal education in addition to their on the job training.
Often small businesses are begun by people that have worked for another company doing exactly the same thing. They are trained by a company that now has become their competition. They know their business inside and out as a result. They’ve been able to observe the things that work and do not work. To fill in their knowledge gabs they then take classes in what they haven’t learned on the job. They learn things like accounting, financial analysis, and marketing. They learn about whatever is missing in their education.
Of course education might not be the only reason for failure but it is the most likely. If you decide to open a small business do you know the answers to the questions you will face? Do you know the answer to such questions as how to pick the best location for your business? How to do proper bookkeeping? What insurance do you need? How to comply with OSHA? How do you prepare financial statements? And many more such questions. Businesses fail because the people that start them don’t realize what they are getting into.
Finally we have businesses that putter along. Often this is intentional. Some people just want the freedom of being their own boss. They don’t have bib business ambitions and that is fine for them. But others would like to grow their business. These are usually the people that can use formal training. Often they know enough to operate their business but they lack that extra education needed to get over the hump. They might not know how to market their business. Or they might not know how to negotiate with their suppliers effectively. It can be any number of things that they are not sure how to do or they don’t do well enough. They know how to stay in business but not how to grow their business.
Education in business is a continual experience. Just because you’ve managed to get your small business up and running doesn’t mean you are off the hook. You need to learn all that you can about running it. Yes sometimes it seems as if we are too busy running it to be able to take the time to learn more. But you must make the time anyway. Sometimes your education should be of the formal variety such as a college course or seminar. And sometimes your education will be of the less formal type. Such as reading trade journals and researching websites for information.
Even though not everything you learn will be of use to you there are things that will be. You need to always keep the idea of furthering your education at the forefront of your thinking. It’s always better to know too much rather than not enough.
Cash Miller is the Editor of SmallBusinessDelivered.com and hosts his own blog at www.SmallBusinessDelivered.com/cash-millers-blog.
In the case of the wildly successful business that person has an education. But we’re not talking about some formal Ivy League school they might have attended. No these people are educated in running a business and in particular their business. Say the business is inherited then where did they get their education? Often it is because they’ve worked for that business for many years. The family member in charge of the business taught them the ropes. And they probably attended a college of some sort to give them a more formal education in addition to their on the job training.
Often small businesses are begun by people that have worked for another company doing exactly the same thing. They are trained by a company that now has become their competition. They know their business inside and out as a result. They’ve been able to observe the things that work and do not work. To fill in their knowledge gabs they then take classes in what they haven’t learned on the job. They learn things like accounting, financial analysis, and marketing. They learn about whatever is missing in their education.
Of course education might not be the only reason for failure but it is the most likely. If you decide to open a small business do you know the answers to the questions you will face? Do you know the answer to such questions as how to pick the best location for your business? How to do proper bookkeeping? What insurance do you need? How to comply with OSHA? How do you prepare financial statements? And many more such questions. Businesses fail because the people that start them don’t realize what they are getting into.
Finally we have businesses that putter along. Often this is intentional. Some people just want the freedom of being their own boss. They don’t have bib business ambitions and that is fine for them. But others would like to grow their business. These are usually the people that can use formal training. Often they know enough to operate their business but they lack that extra education needed to get over the hump. They might not know how to market their business. Or they might not know how to negotiate with their suppliers effectively. It can be any number of things that they are not sure how to do or they don’t do well enough. They know how to stay in business but not how to grow their business.
Education in business is a continual experience. Just because you’ve managed to get your small business up and running doesn’t mean you are off the hook. You need to learn all that you can about running it. Yes sometimes it seems as if we are too busy running it to be able to take the time to learn more. But you must make the time anyway. Sometimes your education should be of the formal variety such as a college course or seminar. And sometimes your education will be of the less formal type. Such as reading trade journals and researching websites for information.
Even though not everything you learn will be of use to you there are things that will be. You need to always keep the idea of furthering your education at the forefront of your thinking. It’s always better to know too much rather than not enough.
Cash Miller is the Editor of SmallBusinessDelivered.com and hosts his own blog at www.SmallBusinessDelivered.com/cash-millers-blog.
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Take Time For Your Business Education
Learning is an ongoing process and so is your education in business. Taking the time to improve your knowledge and education in business is important if you want to continue to push your business forward. Not doing so could be holding you back.
By: Cash Miller
Learning is an ongoing process and so is your education in business. Taking the time to improve your knowledge and education in business is important if you want to continue to push your business forward. Not doing so could be holding you back.
By: Cash Miller
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Find the Pieces to Your Business Puzzle Right Here
Find the Pieces to Your Business Puzzle Right Here
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Even though your business is growing and you've hired your first employees you still need to know their jobs.
Successful Project Management Is Critical!
As your business grows so too will the projects that you will take on. Your customers will push to the limit your ability to complete a project successfully. And more and more each of these jobs will have to be managed individually by trusted project managers.
You Gotta Love The Game!
It was about ten years ago, a few months after I'd first begun my career in small business that my father said to me that small business is the greatest game there is! To this day I still believe that to be true. And just like a ballplayer loving the game he plays. You gotta love the game of small business to want to play it too. I'm glad to once again have found my love for the game!
Your Suppliers Are Your Partners
Every business has some sort of vendor or supplier that they buy from. All businesses either purchase raw materials, finished products or services of some sort. Taking the time to develop a solid relationship with your suppliers can benefit you both. Because the time may come when your company is in need of something and that vendor that you took the time to develop a strong relationship with will come through for you.
Even though your business is growing and you've hired your first employees you still need to know their jobs.
Successful Project Management Is Critical!
As your business grows so too will the projects that you will take on. Your customers will push to the limit your ability to complete a project successfully. And more and more each of these jobs will have to be managed individually by trusted project managers.
You Gotta Love The Game!
It was about ten years ago, a few months after I'd first begun my career in small business that my father said to me that small business is the greatest game there is! To this day I still believe that to be true. And just like a ballplayer loving the game he plays. You gotta love the game of small business to want to play it too. I'm glad to once again have found my love for the game!
Your Suppliers Are Your Partners
Every business has some sort of vendor or supplier that they buy from. All businesses either purchase raw materials, finished products or services of some sort. Taking the time to develop a solid relationship with your suppliers can benefit you both. Because the time may come when your company is in need of something and that vendor that you took the time to develop a strong relationship with will come through for you.