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At least once a year, take a course in some facet of business management. Compare what you've done with what your goals should have been.

Knowledge is power, and comes with education and training. The purpose of education is the development of knowledge, which matures into wisdom. Your ability to apply your knowledge influences your earning power. An electrician (for example) who has never taken training classes cannot contribute very much to an organization, nor can they capitalize on opportunities. Encourage your employees, and make it possible for them to train and learn their trade or enhance their skills so that they can first increase their productivity, and then qualify for advancement. One must occur before the other can occur.

Just as employees can learn from you, so can you sometimes learn from them. Very often they come up with a practical solution to a problem, or find a better way to do a specific task. When they do so, publicly acknowledge their unique contribution.

Repetition makes things come easier. Training builds confidence and the task becomes second nature. It's a common misconception that practice makes perfect - it does not! Practice only promotes familiarity. To improve through practice, you must study and analyze your performance during practice, and then improve upon your past performance.

What occurs during training is important to be sure, but what occurs after training is much more important. Training attempts to change something. Supervisors must know what was covered during a training program and follow up to ensure that the training is being applied; that is, that the desired change has occurred. If not, the training activity failed or the trainee failed the true training test.

Today, many trades require continuing education credits. Today's society is changing very rapidly with new areas of opportunity opening almost daily. The better-educated individual is the one who will stand the best chance of achieving success in his or her career.

Develop a formal training plan and fund the budget to accomplish the plan. Include yourself in the plan. Don't try to do all the training in one short period of time - spread it out! This helps to keep the importance of training fresh in everyone's mind. If you would like me to work with you in the development of a company-wide formal training plan, please call my office.

NOTE: For other closely related topics, be sure to review the section on Groups and Associations (#18) in this series of articles on Business Management.

Mike Holt's Comment: This is the 92nd and last of the series of articles we've been publishing on Business Management and Management Skills. We've had many interesting and favorable responses on these newsletters & would like to take this opportunity to thank each and every one of you for your participation. We hope that the topics discussed have helped you to develop a plan to improve your goals and decision-making skills. This workbook is available and has a self-analysis sheet after each topic to identify and rate your skills and skill levels.

To order this workbook, just click below… and there are other workbooks and tapes available in our product line that might interest and assist you in your business. For further information, please call us toll free at (800) 881-2580, FAX at (954) 720-7944, or E-mail to

Business Management 101 — 2002
The field of Business Management encompasses many activities that influence the profitability of your company either directly or indirectly. Many of these activities are interlinked one to the other making separation of individual activities a bit difficult. To facilitate your grasp of the uniqueness of the individual activities of management, this workbook is divided into the following four general subject areas. Only topics unique to each subject area are included so that you may at first develop an understanding of the simpler individual parts. With a fundamental understanding of these under your belt, the integrated natur of business management will be easier to internalize, facilitating a solid understanding of the field of Business Management.

In the course of developing these workbooks, it was determined that several topics warrant far greater detail than can be included within the scope of workbooks of this type. As you go through this series of Business Management, on occasion you’ll notice references to other workbooks in this series. Each of these covers specific topics in greater detail. These additional workbooks will aid in your continuing education in the area of Business Management.

  • Chapter 1 - Business Management
  • Chapter 2 - Financial Management
  • Chapter 3 - Job Management - (Project)
  • Chapter 4 - Human Asset Management - (Employees)

A master table of contents is provided at the beginning of this workbook and each section has its own table of contents for easier referencing of material. To further aid comprehension, as each topic is covered the reader is presented with a sheet and a series of questions. These questions aid in the development of a listing of individual objectives that lead incrementally to obtainment of your goal of improving your business management abilities.

Product Code: BMBK

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