The benefits of learning in business

There is a well-known saying that goes ‘you are never too old to learn’, and that rings nowhere truer than in the business world.

The business world is a fast-paced environment where the goal posts are constantly shifted and things can change overnight. Business men and women who are willing to learn and are constantly looking for opportunities to improve their knowledge and hone their business skills, are automatically better equipped to adapt to the changing environments.

Of course MBA’s and other tertiary degrees and diplomas are wonderful ways to make you better qualified for your career and open up a whole new world of job opportunities. The benefits of a tertiary education are extensive and indisputable, but formal qualifications are just one of the many options available.

The easiest (and cheapest) way to keep learning on your road to success, is to attend business courses and seminars relevant to your field. Seminars and courses do not only offer information and insight from industry experts and successful business men and woman, but also provide an excellent opportunity to network with people within your field. It is a wonderful place to share business ideas and get immediate feedback from credible individuals.

Courses can give you exposure to new technology, products and services that could be immensely beneficial to your business. You also often get access to the latest statistics or market trends that can help you get a better understanding of your client base and industry. Spending some time with like-minded individuals can give you that motivational boost you need to tackle your daily tasks with new vigour, which in turn leads to higher productivity.

Another option to consider is business coaching. Business coaching can be expensive and time-consuming, but it is a wonderful way to develop your skills and help you translate your business idea to net income.

According to Forbes, a business coach is ideal if you are feeling overwhelmed or like you are not in control of your business. It is also ideal for when you need honest feedback on ideas and someone to help you in the process of design, implementation and evaluation. A business coach can give you an objective insight into your business, especially when you think you are on the right path, but you are not getting the results you want.

Lastly, a good business mentor is invaluable to any business owner. Most of the greatest names in business had a little help from a mentor along the way. Richard Branson, Steve Jobs and Larry Page all had someone they could learn from, even if it was just to show them how to balance the books.

Branson summarised it perfectly when he said, “Someone, somewhere, has already been through what you are convinced nobody else has ever confronted. No matter how incredibly smart you think you are, or how brilliant, disruptive or plain off -the-wall your new concept might be, every start-up team needs at least one good mentor.”

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