EDUCATION & TRAINING MATTERS - CATHERINE MOLLOY
WE ONLY GET TO SPEND OUR MONEY ONCE
Remember when we used
to receive pocket money
each week and the choice
of spending it or saving it
was real? What did you
do?
Using the government funding to train
your staff is a great way of maximising
your dollar. This is still the business
money, so choosing a training company
that is passionate about results and
making a difference in your business is
important.
Are you still in the same
pattern, or have you
learned to manage your money?
When you own a business, so much time,
money and effort is put into training staff etc,
even if the staff don’t realise it!
When a new staff member is inducted, we
want them to share our passion – we place a
lot of emphasis in keeping them on the right
track and, of course, “time is money,” as
Benjamin Franklin said.
“Never spend your money
before you have earned it.”
– Thomas Jefferson
Before a staff member leaves, my
suggestion is to make sure they have put
step-by-step process in place, so when the
new person comes in full of enthusiasm,
everything will be set out the way you
want it.
You have spent a fortune on the staff
member who has just left, and if you don’t
have your processes in place, all that
knowledge has just walked out the door.
Maximise the return on your effort by using
government funding to keep staff updated in
new skills and to teach them how to create
processes that can be easily followed, which in
turn helps improve the business and
themselves. Time management, goal-setting,
planning and taking initiative in the workplace
are just a few of the units to choose from. The
more the staff feel valued and take
responsibility in their job, the better your staff
and business will be.
Did you know?
The Harvard business review, said workers
consider training to be as valuable as a
raise. So make the most of the money you
do have, and put the government funding
you can receive for training to good use.
And remember, you only get to spend your
money once, so take the time to plan and
spend it where you will reap the most
reward.
ABOUT THE AUTHOR
Catherine Molloy is the owner of Auspac Business Advantage Pty Ltd. Catherine was awarded the
Australian Institute of Management Regional Excellence Awards for owner/manager of the Year and
has over 25 years expertise in the delivery of services, sales, leadership and management training.