Most entrepreneurs pay lip service to education! OK, maybe not you . . . you’re actually taking the time to read an article on business. I’m talking about the average entrepreneur.
Ask a number of businesspeople if they’d be willing to attend a seminar on building their business, and three-quarters of those in the room will raise their hand and say yes! Tell them that it is four weeks from tomorrow at 7 p.m., and only a handful will actually sign up!
It used to surprise me when I heard that 50 percent of all businesses fail in their first three years. Now that I’ve been in business for several decades and have seen many entrepreneurs come and go, I’m somewhat surprised that 50 percent actually make it past three years!
Maybe I’m being a little harsh . . . but not much. One thing I’ve learned is that most successful entrepreneurs embrace a “culture of learning” in order to excel. Personal and professional self-development is a journey–not a destination. It’s always a work in progress. Often, businesspeople get so caught up working “in” their business that they forget to spend time working “on” their business. Part of working “on” a business is one’s professional development.
Benjamin Franklin once said; “If a man empties his purse into his head, no one can take it from him. An investment in knowledge always pays the highest return.”
With that in mind, here’s an action item for you this week. Look at your financials (or checkbook, or credit-card statements) for the past year. What have you spent for any type of ongoing business education? If you aren’t “emptying some of your purse into your head,” take a few minutes to think about what you want to learn to help you build your business–and sign up for something this week! Don’t put it off any longer.
If you want to earn more, you need to learn more! Oh, and reading this blog from time to time won’t hurt, either.