If you run a small business, the people on your team are the biggest asset you have. Whatever their roles, and whatever your reasons for choosing them, you want them to be as well-equipped as possible to do a great job for your enterprise, as well as happy and productive. You also want them to be in it for the long haul.
Online Business Programs
These days, thanks to things like online business programs at institutions like Arizona State University, more and more people are choosing to use their free time when they are not working to study for a degree that will help further their business careers. If you have any staff who have expressed an interest in taking on an online business degree, there are a few ways you can help them, like giving them some coaching, allowing them extra time off to study or take their exams, or even paying for all or part of the course. Of course, it is up to you as the business owner what your policy is on people receiving outside training and education, but here are three reasons why it can be a good idea for you to help them as much as you can:
One of the first reasons why allowing your staff to take an online degree in something like business administration is a very good thing, is that it will sharpen up their skills and bring a highly sought after qualification into your business. Studying could make this employee better equipped for roles with more responsibility in the future, helping you improve your business even further without the need for recruiting an outsider.
You may worry that once they are qualified, the employee will want to leave for a more senior or better paid position with another company. Of course, getting a degree part-time takes years, so there is no immediate risk, and if you have helped them a lot, then they are likely to feel loyal to you and your business and, if they are happy in their job, be more inclined to stay – perhaps in a more senior role within your own business, befitting their years of experience and business skills.
Greater Interest in the Business
Some employees focus only on the areas of the business that they work with directly. However, when someone is doing a business degree in their spare time, if you are willing to spend time coaching and mentoring them, they will become more interested in other aspects of the business they don’t normally touch upon, for example marketing or finance. This will give you an employee with greater engagement, who has a good, sound knowledge of how your distinct business operates – which can be extremely useful.
There are others, but these are three of the most important reasons why it can be well worth getting involved and helping people on your team who want to study business online in their spare time.