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Top 5 Reasons Why Business Owners Need to Keep Learning

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When was the last time you attended a training course or spent some time learning a new skill? Unfortunately, a large number of business owners don’t continually update their skill set and their business suffers as a result. Below are some of the main reasons every business owner needs to keep learning new things.

1.      You Stay Competitive and Sharp

Over time, the decision makers in an organisation often rest on their laurels and as a result, their business fails to grow or develop to its full potential. However, if you and other senior members of your company go on regular training courses, you are more likely to use new approaches and business strategies that will help your company succeed.

For example, completing a masters in business administration program will equip you with skills you may not already have and you will learn about new tools and equipment that can help you in the future. Completing an online MBA like this will also increase your confidence and allow you to make much better decisions.

2.      Communication in Your Business Improves

Certain skills such as your communication skills and organisation skills can be improved through training. If you have advanced communication skills, it’s much more likely that you will be able to introduce procedures and courses that improve the communication skills of everyone else who works for you. Over time, you will start to notice improvements such as the level of customer service you provide, the reliability of your employees and much more.

3.      You Increase Your Network of Business Associates and Friends

Once you start your own business, it’s easy to lose contact with your peers. However, if you regularly attend different courses, you meet more people who are in the same position as you are. The contacts you will make can eventually become important business associates in the future and many of these individuals will even become your friends and mentors.

4.      You Stop Making the Same Mistakes

Unfortunately, many business owners keep making the same mistakes throughout their business lives and never realise they are doing so. If you continue to learn and attend business related courses, you have a greater chance of avoiding this fate. In cases where you or your employees are making mistakes, you can identify the problem much earlier and put in place steps to rectify any problems that occur.

5.      You Are in a Position to Capitalise on More Opportunities

Every day presents more opportunities for a business. However, if you work in a busy environment and don’t keep in touch with the latest business developments, these golden opportunities will pass you by. Learning to spot these opportunities is vital, especially if you want your business to gather momentum or if you want to diversify into other business areas.

‘Knowledge is power’ and the more you know, the more you and your business can benefit from this knowledge. You become a better business person, make better decisions, improve the communication in your organisation, increase your network and make less mistakes.

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Business

Trump Comments on Stock Market’s latest drop – says it’s ‘peanuts’

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Trump says Tuesday’s market drop is ‘peanuts’

President Donald Trump played down the stock market’s losses on Tuesday as “peanuts” when compared with the importance of striking a good deal with China and the gains since his election.

The Dow Jones Industrial Average “was about 16,000 or 15,000 and now it’s almost at 30,000,” Trump said at the NATO summit in London. “It’s going to be at 30,000.”

“If the stock market goes up or down — I don’t watch the stock market. I watch jobs. Jobs are what I watch,” he added. Today’s move is “peanuts compared to — we have picked up record numbers so that’s OK. That’s the way I feel.”

The major stock indexes slid Tuesday after Trump said he thinks it would be a good idea to delay signing a trade deal with China after the 2020 presidential election. The Dow Jones Industrial Average fell more than 450 points at its lows on Tuesday, led lower by trade-vulnerable AppleCaterpillar and 3M.

“In some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now, and we will see whether or not the deal is going to be right,” Trump told reporters before U.S. markets opened Tuesday. When asked if he had a deal deadline, he added: “I have no deadline, no. … In some ways, I think it is better to wait until after the election if you want to know the truth.”

Despite his assurances that he doesn’t watch the market’s daily moves, Trump often tweets within hours of when the U.S. equity market reaches an all-time high. He has tweeted the keyword “stock market” 107 times since his inauguration

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11 kids quotes we’re all feeling

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Ok so there’s always that time when you just wish so bad you could straight up say whats on your mind, but you know you really shouldn’t, so you don’t. Well leave it up to kids to say exactly what you’re feeling, no hesitation or regret. Check out these kids quotes that say everything you wish you could!

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THIS IS A WHOLE (FOOD) MOOD.

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Saturday savagery (submitted anonymously) #savage

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Why do kids say the darndest things? Comment with your favorite!

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How to become a better businessman in 6 steps; Priceless advice from Entrepreneurs

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Become a better businessman in 6 steps following this priceless advice from accomplished entrepreneurs.

  1. “Do something you’re very passionate about, and don’t try to chase what is the hot passion of the day.”

    Jeff Bezos accentuates having passion for what you are doing, because if you don’t love it you are much more likely to give up. It’s hard to take an idea and turn it into reality, especially by yourself or when people whom you respect tell you it can’t be done. The passion and love you give to your project will determine it’s success rate over time.

    Jeff Bezos Become a better businessman

  2. “Don’t let people who you may respect and who you believe know what they are talking about tell you that it can’t be done.”

    Pierre Omidyar continues to say that often they will tell you it can’t be done and that’s only because they don’t have the courage to try it.

    Pierre Omidyar become a better businessman

  3. “If you know exactly who you want to be, you need to spend as much time [as possible] with people that are actually that already.”


    This advice from Gary Vaynerchuk is actually priceless when it comes to success in the business world. Think as well “It’s not what you know but who you know,” and surround yourself with people you look up to. Human’s adapt to their surroundings quickly, and soon you won’t just want to be an entrepreneur, you will also know how to act like one.

    Gary Vaynerchuk

  4. “Come up with 10 new ideas every day.”


    Coming up with at least 10 new ideas every day will keep your “idea muscle” in shape, which is critical for an entrepreneur in order to keep going and stay ahead of the fast paced business world. James Altucher continues to say that once you’ve done this for about 6 months you will be an idea machine. New ideas keep passionate projects alive and ensure growth in every direction.

    Read Next: Working for yourself; Pros and Cons

    James Altucher become a better businessman

  5. Realize that, “naturally, nobody is interested in your ideas. You have to persuade them, and you have to show them that you are the one person out there that can do it.”



    Robert Greene, an American author known for his books on strategy, also says that “no one is really going to help you or give you direction.” Realizing this sooner than others will give you a head start and the ability to stop looking for recognition in others. Instead, you can focus on your passion project and make it perfect, and the world will not be able to ignore it.


    Robert Greene


    More about ‘Mastery’ by Robert Greene

  6. “Don’t think about ‘how do I get big fast.’ That will happen if you build something meaningful and important.”




    How to encourage teamwork in your organisation


    Danae Ringelmann’s advice is not something to skip. If you rush your ideas or your product you will be relying on luck more than anything to create success for you. While luck is certainly involved in alot of things, relying on it or betting on it to ‘get big fast’ doesn’t help you become a better businessman. Being proud of what you create, instilling passion into your work, and working hard will ensure success more than anything.


    danae ringelmann

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