Connect with us

Ongoing Learning

Harnessing New Skills Horizons

New skills are essential to remain competitive — and there’s more than one way to get them.

Juliet Pitman

Published

on

Ongoing Learning

Successful business people are those who have the ability to adapt to an ever-changing business environment, something that’s facilitated by new skills sets. It’s true that what got you where you are today won’t be enough to take you where you want to be tomorrow — ongoing learning is essential if you want to keep abreast of the latest business trends and information and give your business and career the best chance of success. Skills and knowledge are as much a differentiator as great business ideas or a top-notch product.

For most people the obvious route to learning is through structured courses at recognised learning institutions, but continuous skills development can take a variety of different forms. Business coaching, networking and online learning can all contribute to a rich learning experience, complementing traditional forms of learning and providing you with a diversity of theoretical, practical and ‘soft’ skills.

Institutional Learning

South Africa has some outstanding business schools with affiliations to international universities and institutions. A full-time business degree is a luxury few can afford, but most business schools recognise the impracticality of business people studying full-time and also offer part-time degrees, diplomas and short courses.

Few things can match classroom lectures in providing a well-rounded education experience — they enable you to interact with lecturers and fellow students and ask questions in real time.

Choose courses that will provide you with both knowledge and skills to enable you to go further in business. Have a clear idea of what you want to get out of your learning experience — do you want certain practical skills, a more in-depth and nuanced understanding of business or a qualification that will open new doors? This should inform the kind of course and institution you choose.

Online Learning

The Internet has opened up a world of learning that surpasses international barriers and allows learning to take place almost anywhere. Sam Paddock, managing director of online education company GetSmarter, points out, “Online learning is inherently flexible, which provides entrepreneurs with a chance to fit learning interventions into their hectic schedules.” He adds that provided the online education model is ‘high-touch’, incorporating regular proactive guidance and support, even the busiest of people will successfully complete online courses. For GetSmarter, ‘high-touch’ means a high level of proactive and personal contact with students, something that can approximate an in-lecture learning experience.

In addition, online courses enable entrepreneurs to gain access to many more learning opportunities than would usually be the case with contact-based learning, which is limited by their physical location. “When it comes to specialist skills this sort of access to education, which is independent of physical location, becomes critical for entrepreneurs,” Paddock explains.

Business Coaching

Business coaching is one of the fastest-growing professions in the world — and with good reason. It provides business people with (typically) one-on-one targeted assistance focused on solving specific problems or achieving particular goals.

“Business coaching won’t ever necessarily replace traditional modes of learning and nor should it, but it can complement them by providing business people with real implementation skills,” says Harry Welby-Cooke, master licensee of ActionCOACH South Africa. Welby-Cooke believes that while many business people have the necessary knowledge to take the next steps in business, they don’t know how or even where to implement it effectively.

“A good business coach provides an important outside perspective.

“They don’t collude with you or allow you to hide from the things in your business that are lacking or require your attention. So if you’re not good at finance and you typically ignore that side of your business, the coach will force you to look at it, acquire and implement the necessary financial knowledge to bring this aspect of your business on track,” he explains.

A business coach can also be a spurring and challenging influence, as the president of the Cape Town chapter of the International Coach Federation, Axel Ritterhaus, points out: “For start-ups, coaching can provide the self-confidence and stamina needed to get through the first hurdles and later on can help you to refocus on the business when you might otherwise get overwhelmed by the different tasks and demands of running a company,” he says.

“Coaching can help executives to be better leaders. A coach can be a sparring partner who challenges you to take things to the next level, someone who is honest with you and provides you with real and valuable feedback that you can use.”

Networking

While less formal than institutional and online learning, as well as coaching, networking can also provide you with valuable skills. Apart from providing you with the opportunity to bounce ideas off other entrepreneurs, it can help you to build your team skills set.

MBAconnect.net founder, Colette Symanowitz, explains, “If your networking efforts enable you to meet and partner with other entrepreneurs who are strong in the areas where you’re weak, your skills will complement each other and your collective skills as a team will grow stronger. This applies to professional, technical and soft skills.”

But she adds a note about the importance of seeking out people who have different skills to yours: “Be careful not to partner with others who you gravitate towards simply because they are similar to you, as this can be destructive for your business. As difficult as it may be, in your networking efforts it is vital to seek out partners who are your skill-set opposites and who you don’t naturally click with.”

Choosing a Partner for Education

Who you learn with is as important, and indeed will affect what you learn, so choosing the right education partner is critical. Whether you are selecting a bricks-and-mortar institution, an online education academy, a business coach or a networking group, look for the following:

  • An established reputation: Organisations of quality have a solid reputation for a reason. Beware of fly-by-night organisations and remember that education doesn’t come cheap, so you usually get what you pay for.
  • Recognised accreditation: Relevant to formal qualifications, accreditation is an external stamp of approval, providing assurance that the education you are getting meets a particular standard.
  • Endorsement from others: If other people in your field have found the institute, society or association helpful and valuable there’s a good chance you will too.
  • Depth of learning: The educators and courses on offer should provide you with a depth of learning.
  • Practical and theoretical skills: Business is about implementation so a quality institution will provide you with real-life and theoretical business knowledge.

Juliet Pitman is a features writer at Entrepreneur Magazine.

Ongoing Learning

15 Of The Best And Most Unusual Online Courses For Entrepreneurs

Improve your outlook, boost your marketability and get a leg up on trends with these digital lesson sessions.

Published

on

Prev1 of 16

online courses

Real-world experience is the world’s best teacher, but there’s a wealth of knowledge online to help teach ourselves what we don’t have the opportunity to learn from a mentor or navigating life itself. With the help of online courses, we can apply some structured guidance to how we approach our interpersonal interactions, entrepreneurial pursuits and even the way we think. These hyper-focused, organised lesson plans can help us hit refresh and streamline our paths to success.

The following list of online courses covers a range of subjects, some but not all of which have a direct tie to running a business. From AI to VR to happiness to time management, entrepreneurs need to master a wide range of skills.

Most of the courses below come at an cost (often low), though some offer free temporary access to videos and other materials. Read on for an overview of 15 of the best courses out there for entrepreneurs who are lifelong learners.

Prev1 of 16

Continue Reading

Ongoing Learning

6 Free Courses That Can Help You Become A Successful Entrepreneur

Outlined below are some of these courses you can take that will help you to become a more successful entrepreneur.

Amy Galbraith

Published

on

Prev1 of 7

free-courses-that-can-help-you-become-a-successful-entrepreneur

Becoming a successful entrepreneur is something that takes a lot of hard work and requires unique skills. However, it can be difficult to achieve this if you are unsure of where to start in building your career as an entrepreneur. You should look into taking courses from skills development companies that can help to develop your entrepreneurial skills and other qualities.

Outlined below are some of these courses you can take that will help you to become a more successful entrepreneur.

  1. Finance and accounting
  2. Business management
  3. Marketing
  4. Business writing
  5. Time management
  6. IT courses
Prev1 of 7

Continue Reading

Ongoing Learning

Why Reading Is The Most Important Tool In Your Arsenal

Every great entrepreneur reads — voraciously. If you’re serious about success, it’s time to jump on their bandwagon.

Allon Raiz

Published

on

reading

I hated reading as a kid. I hated reading as a teenager. I even hated reading in my early 20s. And then came In Search of Excellence by Robert H Waterman Jr and Tom Peters, which I was given as a birthday present in 1985. It sat on my shelf unread for seven years. In 1992, at the age of 25, I pulled the book off the shelf and began to read… and I’ve never stopped.

The irony is that In Search of Excellence has since been largely debunked, with the lessons it taught regarded by some as fraudulent. Regardless, I found this reading experience incredibly helpful as I tried to apply the book’s lessons in my first entrepreneurial endeavour, the New York Sausage Factory.

I am fascinated by the correlation between successful entrepreneurs and their obsession with reading. Warren Buffet estimates that he spends 80% of his working day reading, while Bill Gates and Elon Musk are famous bookworms. Self-made millionaire and author, Steve Siebold, has interviewed over 1 200 of the world’s wealthiest people and says one of the first things you’ll notice in a wealthy person’s home is an extensive library of books.

All the entrepreneurs I mentor personally are now required to go on a strict diet of one business-related book every two weeks. Any who fail to comply very quickly land up as one of my ex-mentees.

So why is reading so important for entrepreneurs?

1. Opens your mind to new concepts

We are the sum of all our experiences. Books open us up to the experiences of others, too, and show us — conceptually — how they have overcome some of the problems they’ve encountered. This can broaden your arsenal of tools to manage the future. An example of this was when I read The E-Myth Revisited by Michael E Gerber. This book completely reshaped my respect for documenting processes; something that permeates Raizcorp today.

2. Reinforces old concepts

We all know how lonely the entrepreneurship journey can be. When reading about how others have overcome obstacles or used a certain ‘formula’ as part of their strategy, it is very affirming when you discover that you are using the same ‘formula’ and it encourages you to continue pursuing that strategy. For example, one of the rules at Raizcorp is that we don’t do training only, and we don’t engage with anyone before they have passed our selection process. Very often, there has been a temptation to relax the rules for the lure of a big contract. It can become a lonely space in your mind when wrestling with that decision. But, when you read about other successful entrepreneurs who have stuck to their principles despite a commercial sacrifice and still succeeded, it encourages you to remain true to your own.

Related: Why You Should Be Reading More Fiction And Watching Less News

3. Apply what works for you right now

The saying that the master appears when the student is ready is particularly applicable to reading a book. You can read the same book at two different periods on your entrepreneurial journey and take away completely different lessons. A healthy way to read any book is not to believe it, but to use it as information that may become applicable to your particular situation. Every entrepreneur’s journey is different and every context is different, so it’s important for you to filter and discern the most important information for you to use or adapt.

4. Cheap learning curve

It’s said that nothing teaches you like experience. The only problem with this is that experience generally costs you money or pain. By reading other people’s experiences and thoughts through their books, you can identify different patterns that are replicated time and again. There is a strong probability these lessons will apply to you, too, and I would always err on the side of this ‘wisdom’. If you’ve read 20 books that all reinforce the importance of spending more time on selecting your team, you would be wise to devise a strong selection process even if you haven’t had an issue with this previously.

5. Great way to connect

Recently, I was sitting on an overseas flight and noticed the person next to me was reading Shoe Dog by Phil Knight. I had also read the book and loved it. I used the common experience to open up a conversation that subsequently led to a deal. Even if I haven’t read the book someone is reading, my genuine curiosity about whether the book is valuable or not can be a way of connecting with a random stranger. If they are reading a business book, it’s highly probable they are in business themselves, which increases my chances of widening my business network.

Pulling it all together

Reading books is not for everyone but, with apps such as Audible and a pair of earphones, nowadays you can have someone read to you. I never travel in my car or on a plane without an audiobook playing away. I find myself pausing the book and allowing my mind to wander as I reflect on and synthesise what I’ve just heard with a view to how it could be applied to my own business. Every book I have read has provided useable nuggets that have been instrumental in driving my business forward, and I believe they can do the same for you.

“Warren Buffet estimates that he spends 80% of his working day reading, while Bill Gates and Elon Musk are famous bookworms.”

Continue Reading
Advertisement

SPOTLIGHT

Advertisement

Recent Posts

Follow Us

Entrepreneur-Newsletters
*
We respect your privacy. 
* indicates required.
Advertisement

Trending