Importance of Learning for Entrepreneurs

Resources — 4 min read

The Importance of Day-to-Day Learning for Entrepreneurs

Entrepreneurship isn’t just about revenues, incomes and new projects. You have to develop a particular lifestyle if you want to stand out from the crowd in your field of work. In line with that, an average work day of a business owner is different from that of a mere employee. In order to make it work that way, owners need to spend a lot of time learning new things. This refers both to official education and learning as you work. According to the data available on the Publications website, business owners with a university degree are more likely to establish and run a successful business.

Nevertheless, a diploma isn’t a guarantee that you’ll succeed in achieving your business goals. What’s more relevant is your openness to lifelong education, regardless of your official qualifications. So, here are the key benefits that business professionals will have from a positive attitude towards learning.

Preparing for technological challenges

Between January 2016 and January 2017, there were 322 million new Internet users worldwide, as well as 482 million new members of social media [source]. These astonishing figures show that an ambitious business owner needs to keep pace with technology in all its forms. You can stay in great tech shape if you apply these tactics in your everyday work:

Following social media pages of tech giants – According to research from 2015, about 43% of entrepreneurs spent about six hours a week using social media. Since we’re already active on those networks, it would be clever to start following tech pages, such as Microsoft, Apple, Space X, Tesla Motors, Amazon Kindle and other pages for tech lovers.
Reading online magazines – Subscribing to a few online tech magazines and reading them once a week or once in a fortnight will provide you with the latest information important for your technological education. For instance, Discover Magazine, Popular Science and similar tech magazines can all be inspiring sources for entrepreneurs.

Organizational benefits from continuous education

When you get a job or launch your own small business, you also start acquiring some work habits and routines, many of which you’re unaware of. This is why some people find it difficult to change their work environment even within the same business, let alone when they transfer to a new company. An entrepreneur who is eager to learn new things will know how to help their new workers to overcome those potential inhibitions. And by learning we mean just reading important books for business owners, but also reading your employees – their goals and plans, as well as their problems. The new information you collect that way will improve your organizational skills, as well as your task distribution.

Extending your knowledge of communication

Every business owner needs to develop their own communication style. On the one hand, you should maintain formal manners in the official business environment. For instance, if you’re at the threshold of your entrepreneurial career, it’s useful to learn some important rules of business etiquette.

However, when it comes to your own business and your employees, try to offer them something unusual, but inspiring. That way, don’t rely on rough communication, but on your special skills and a more relaxed attitude. This is the age of expertise, not military authority, so bear that in mind and go for modern communication.

What’s more, give your employees a chance to experience new things. For example, take your office crew to a museum or a concert instead of throwing a dull paintball session. By rewarding your workers with new experiences, you’ll enrich their minds in a more elevated way.

Economic benefits of learning

When you’re preparing to join the modern business race, you need to know that you can’t be productive if you don’t want to develop new skills not daily but hourly. Here’s where learning meets the most important aspect of every business – productivity. For instance, only ten years ago, business papers had to be printed out. What you can do today is simply keep them on the cloud. Similarly, invoices don’t have to be printed anymore, but you can use an online invoice maker to create, send and store your invoices. Moreover, most workers had to use scanners only five years ago. Today you can scan your documents with your smartphone. All these innovations serve a great purpose in saving your time and increasing your profits, while turning your business into a lucrative enterprise.

We’re lucky to live in an age that offers unprecedented access to information and knowledge. If we’re wise, we can use every bit of business information we receive in a smart way. Therefore, it’s essential for entrepreneurs to expose themselves to the knowledge relevant for their niche and seize the day to perfect their business skills.

mark

Guest Contributor:
Mark is a biz-dev hero at Invoicebus – a simple invoicing service that gets your invoices paid faster. He passionately blogs on topics that help small biz owners succeed in their business. He is also a lifelong learner who practices mindfulness and enjoys long walks in nature more than anything else.