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Entrepreneurs Going Back To College

Entrepreneurs Going Back To College

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Entrepreneurs Going Back To College

It seems entrepreneurs these days are going back to college»». Not to get a degree, but to gain some additional educational knowledge to re-launch business growth on their current foundation or in new ones.

Increasingly, small business owners are using college to brush up on skills or learn new ones as business trends, technology and guidelines change. Classes are aimed at helping small business owners better manage human resource issues, new business concerns and the latest marketing techniques.

Mel Kleiman, President of Sugar Land, Tex. based Humetrics, Inc., a consulting firm that offers employee guidance once said at a business seminar "A lot of you will spend two weeks debating what copier to buy for $1,000, but only two hours on hiring a key employee."

Too often, small business owners put off adding employees until a point of disastrous need. The result is hiring anybody that can fill the job quickly and not hiring the best suited candidate for the position. It's been said that one major mistake small business owners routinely make is putting no genuine effort into hiring their entry level employees. "70% of employees are hourly and most business owners just perceive them as disposable," Kleiman says. "Yet these are usually the people with the most exposure to your customers."

At Northern Virginia Community College, high demand for Entrepreneur courses prompted the school of continuing education to introduce its first certification program in Small Business Management. It's estimated that approximately more than 400,000 business owners have participated in college course training. The courses help not only current business owners but would be business owners from wasting time and money on a fleeting idea that is most likely to fail.

Leaps of faith are simply part of the business investment - emotionally and financially, that goes along with being an entrepreneur. However, with college courses in Entrepreneur Management or related subjects, a large amount of guess work can be erased from the anxiety of 'What Ifs' and "How do I..."

A variety of advice (contributed by business consultant articles and blogs) can be found online.

Some of the highlights are:

Small business owners should avoid jumping on the bandwagon of declining health insurance. Instead provide the best package they can possibly afford.

Younger workers have a growing belief in the career belief of The Man sticking it to their generation by cutting medical coverage, vacation time, and retirement savings contributions. Offering a better-than-average benefits package will attract topflight candidates.

Anther source revealed that some people who are really good career / company candidates won't tolerate working at bad companies.

Randy Cohen, CEO of Ticketcity.com says "Any time you have the opportunity to get with a group of individuals and talk and brainstorm and learn, you can self-improve," "The only way to be successful in a company is to learn by other people's mistakes."

Statistics


  • Entrepreneurs are major contributors to the economy. Small businesses contribute more than 50% of the U.S.'s non-farm private sector gross domestic product enterprises.
  • Entrepreneurs are hold a majority as employers. Small businesses generate 60% to 80% of all new jobs annually.
  • Entrepreneurs are innovators. Small businesses produce 13 to 14 times more patents per employee than large patent producing corporations.

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