Why Take Business Development Courses?

by Admin on April 3, 2013

business development coursesDid you know that nine out of ten start-up businesses fail? Often the collapse of a start-up business is due to inexperienced business managers or owners.

When starting up a business, you will need skills beyond those necessary to deliver your service or product. You need to know basic accounting, employee management, business legal terms, and marketing. Taking business development courses can help you obtain those skills. Courses and workshops can be found in many places, such as colleges, universities, Chamber of Commerces, small business organizations, online, even software packages.  The costs can range from free workshops to thousands of dollars.  They are usually taught by professors or professionals who have started up their own successful companies.

Advantages of Business Development Courses

There are many advantages of taking a business development class locally. One is that it gives you an immediately network of other entrepreneurs. Secondly, since the legal requirements vary from region to region, your instructor should be able to give you the specifics for your area. Thirdly, local grants and resources are often shared within the course.

Another alternative to enrolling in a course is to hire a business development manager or business consultant.  They can advise you on what you need to do, but why go directly to a consultant or manager until you have learned the basic foundational understanding of what is involved in starting up a business?  Later in the start-up process, you may still want to hire a business manager, but at that point, you will have at least some knowledge of the terms and concepts they are using.

The challenges and realities of starting up businesses are covered in the basic business development courses.  They teach you what is needed for a business plan, accounting, legal requirements, hiring of employees, investors, branding and marketing, plus good business strategies.  Higher level courses can cover new product launch, market analysis, distribution, franchising, and a host of other topics.

Think of business development courses as the fuel and maintenance of a vehicle.  Without any fuel, your vehicle won’t go anywhere, unless you want to expend unnecessary energy to push it.  Without regular maintenance your vehicle may die before its time.  You don’t want either of those things to occur with your start-up business.

With large amounts of money and time at risk, why not give yourself a firm foundations on the factors needed to have a successful business?  You want your business to succeed.  You want your business to be the one out of ten, don’t you?  Follow some excellent advice and take a business development course.

Photo Credit

Leave a Comment

Previous post:

Next post: