Training Pays Dividends

Who has time for training? That’s what many entrepreneurs think. But a little training can go a long way. Whether it is making employees more productive or providing clarity or improving quality, training can help team members contribute more effectively.

“Make time for training.โ€ย 

Sales and Cash Flow for Long-Term Success as an Entrepreneur

Type of Training

The type of training you roll out has to fit into the day-to-day workload of employees. To facilitate this, consider introducing training in the following order:

  • Functional Training.ย This is training aligned to someone’s particular job or a particular function in the company. It can be as simple as training a new employee on your expectations for them and as complex as a multi-week engineering boot camp to bring new recruits completely up-to-speed on all of the historical architectural nuances of your product. The training courses should be tailored to the specific job. If you attempt the more complex-style course, be sure to enlist the best experts on the team as well as the manager. As an added benefit, this type of effort will do more to build a powerful, positive company culture than 100 culture-building strategic offsite meetings.
  • Management Training.ย This is training on how you would like employees to develop the skills to manage people and achieve goals and objectives. This includes:
    • Setting Expectations.ย Topics such as do you expect them to hold regular 1:1s with their employees? Do you expect them to give performance feedback? Do you expect them to train their people? Do you expect them to agree upon objectives with their team?
    • How to Execute?ย Once youโ€™ve set expectations, the next set of management courses has already been defined; they are the courses that teach your managers how to do the things you expect (how to write a performance review, how to conduct a 1:1, etc.)
  • Skills Training.ย This is training in topics such as negotiating, interviewing, finance, etc. that will enhance your companyโ€™s competency in those areas as well as improving employee morale. Teaching can also become a badge of honor for employees who achieve an elite level of competence.

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