Hey guys, Nathan here. Let’s discuss how self-improvement, training, and coaching can turbocharge your business for bigger profits and growth.
In today’s fast-changing business world, staying ahead is a must. We will look at where to get this crucial know-how and how it can supercharge your business and your profits.
Where to go for your Self Improvement, Training and Coaching
The best thing about taking that first step towards your Self Improvement, is that there are so many options, that you can customise your journey.
- Self-Improvement Courses.
- Courses with Registered Training Organisations (RTOs)
- Business Coaches
- Networking Events
I want to go through each of these, so, let’s go.
Self-Improvement Courses:
The journey towards business success can often begin with an investment in yourself.
Have you considered enrolling into self-improvement courses designed specifically for business owners. It might be something that might be about marketing, social media, cash flow, accounting, leadership… the list is endless.
Our very own “Profit Generator Course” is a prime example.
These programs are structured to offer
- specialised insights and hands-on training,
- equipping you with business skills, and
- knowledge to implement systems like financial management, for example Profit First, effectively.
But where do you find these? Easy. You look at local networking groups, small business support services, industry leaders and associations, your state government bodies, even your local council.
Courses with RTOs:
First, let’s talk about the term Registered Training Organisations or RTOs.
RTOs are accredited to provide training programs, everything from a Statement of Attainment to an Advanced Diploma to Masters and Doctorates.
So, where are you looking for these courses? Trade Colleges, TAFE, Universities, and even private colleges.
These programs provide a comprehensive and recognised education in various facets of business. Not only are they giving you the skills and knowledge you need, but they can also provide you with formal accreditation.
Business Coaches:
A business coach serves as a compass guiding you through the complex terrain of business ownership.
A business coach helps by:
- Understanding the psychology of you as the business owner
- Understanding what drives and motivates business owners
- Understand and questioning the choices their clients make as a business owner. It could be as simple as the indecision or non-action we unconsciously make.
- Providing us the opportunity to become more aware to our self-limiting beliefs in ourselves and the destructive patterns we get into.
Business Coaches bring to the table a wealth of industry experience and tailored advice. You can find a reputable business coach through professional organisations, referrals, or online directories.
Networking Events:
I am a big supporter of Networking Events. I have also been a member of several networking and local organisations that hold networking events.
What you are looking for are:
- Networking centric groups like Bx and BNI
- Events from Industry groups, Industry leaders and local groups.
- Local Commerce and Business Groups.
I am really enjoying being a Board Director and Treasurer of the Sutherland Shire Business Chamber (SSBC). Not only is there the opportunity to meet formally at Breakfast/Lunch events (known as the Shire Thrive Events) with well-known Keynote speakers, but we also have the more casual monthly After 5s where there’s an opportunity for members to mingle and hear from one another with a Member Spotlight.
Of course, my favourite parts of the Business Chamber is:
What’s in it for me?
Of course, all this self-improvement, training and coaching comes with amazing benefits for both you and your business.
Mastering Skills and Obtaining Knowledge
One of the standout benefits of self-improvement courses like “The Profit Generator Course” is understanding and implementing the methodology, and in this case, the Profit First methodology.
Profit First:
This financial management system is designed to transform your approach to business finances, ensuring a healthier bottom line, and providing a roadmap for sustainable profitability.
Well, this is the same with any self-improvement course. And do you know why you will get so much out of it? Because you decided to complete that course. You intentionally applied and signed up for the course. This is great!
Of course, I would make sure that you are prepared to take notes, be able to ask questions and interact with the trainer/facilitator and the rest of the participants (if in person) to get the most out of these courses.
Invaluable Guidance
The benefit of using a business coach is that they offer a guiding hand that can significantly impact your business.
Their insights and advice lead to enhanced strategies, streamlined operations, and ultimately, increased profits.
This guidance is invaluable for identifying blind spots and optimising your business’s performance. The benefit of working with a business coach is that you realise that most of the answers to all your challenges are usually right in front of you.
Solid Foundations
Courses provided by Registered Training Organisations (RTOs) lay a solid foundation for informed decision-making.
They provide structured knowledge in various aspects of business management, and these programs empower you to make decisions that lead to improved financial outcomes and more efficient business operations for you, your business, and your employees.
Professional Connections
Networking events with expert speakers expand your professional network. This network can open doors to potential collaborations, partnerships, and mentorship opportunities, all of which contribute to business growth and profitability.
Leadership and Team Dynamics
Training in leadership and emotional intelligence fosters a positive workplace environment. This, in turn, boosts team morale, collaboration, and productivity, all of which are pivotal in contributing to business success. A harmonious work environment leads to a happier, more engaged team that is instrumental in achieving your business objectives.
Adaptability and Innovation
In an ever-changing business landscape, adaptability and innovation are critical.
Recently there has been an influx of AI knowledge, Cyber Information and Mental Health processes and recommendations.
Training ensures that you remain agile and responsive to industry changes, enabling you to adapt your business model, implement new technologies, and maintain a competitive edge. This translates into higher profitability.
Customer and Client Relationships
Business success is linked to customer satisfaction. Enhanced interpersonal skills, developed through training and self-improvement, leads to a stronger client relationship.
Happy clients are more likely to stay loyal, bring repeat business, and refer new customers. This not only improves your financial bottom line but also solidifies your reputation and fosters growth.
Personal Fulfilment
Investing in personal growth as a business owner goes beyond financial benefits.
I know, I am an accountant, and financial aspects of your business is my core business. Of course, I am also aware that your journey as a business owner impacts your financial outcomes.
It leads to a sense of personal fulfilment, which in turn positively influences your work. When you’re passionate about what you do and continually seek improvement, it reflects in your business operations. Your enthusiasm is contagious, inspiring your team and attracting more clients.
In summary, self-improvement, training, and coaching are not mere personal investments but are vital steps toward the financial success and personal growth of your business.
You’re enhancing your capabilities as a business owner, whether you choose to:
- embark on courses,
- seek guidance from coaches,
- enrol in accredited programs, or
- network with industry experts.
This, in turn, directly influences your business’s prosperity.
To see just how much self-development can improve you and your business, check out our Case Study here: Case Study: Self Improvement and Training
So, let’s embark on this transformative journey together. Remember, a better you means a better business!
If you have any questions, please feel free to contact NGR Accounting at 02 9011 6669 or via email at info@ngraccounting.com.au
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Updated: Saturday 4th November, 2023
JM