Without the Right Training You Will Fail!
It’s the sad truth but the majority of individuals that start a business will fail. The failure rates of small businesses are astronomical. As someone that has been involved with running their own business for over 10 years I can assure you that it’s not the economy's fault. There are some fantastic opportunities out there for anyone to start a business and grow it to be a successful company.
So why is there such a high failure rate amongst small businesses? I blame some of it on the people with expectations that they are going to be rich overnight. For some reason they expect to start a home based business and then a week later their checking account will be exploding.
Early Training is Critical
I think one of the biggest mistakes that people make in any industry is not learning as much as they possibly can right at the outset for both themslevs and their employees. They don’t offer any support or training to their new employs, who can feel completely lost. As a business owner, it is your responsibility to properly train your staff. First and foremost, you need to teach them about the business, leadership, products and services. As a leader, you should not expect them to figure everything out on their own.
After they have a good understanding on how the business operates, you should begin to share with them the methods that you have used to build your business. Why? Do you want your business to grow? Share everything you know with your new “business partners” and help them to get out of the gate as fast as possible. I believe that another reason why people fail in business is because they don’t see results quickly enough and they don’t think that they can build a truly successful business.
Rinse & Repeat
As you take on new employees and help them to build on earlier successes you shouldn’t stop there! Set goals for each of your team members. Have them right down their goals and follow up with them on a weekly basis to see where they are at. Provide training and mentoring where needed and help them grow their carfeers with you and hence your business. This type of training should go all the way through your organization. Don’t just train your first employees and stop. You should talk to every single new employee in your business.
I would also recommend that you try and automate your training process. If you can set up a webpage that has training “how-to” videos you will save yourself a lot of time and headaches. It will take some time to get it set up but once you have it running it will be completely automated.
If you want to build a big business with enough income to change your lifestyle you need to focus a lot of time and energy on proper training for your team. You will be amazed at how successful you can become if you just learn to spend some time properly mentoring your team.