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Startup Guide
Have a big idea? Dreaming of �Kab Banega Crore pati�?
Driving down the road�and flash! You hit upon an idea that could change the world. An idea that will put you into the annals of history as a pioneer�but how and where do you start? I�ll help you find out.
Training options for the entrepreneur
Training
– a must?
A
significant business strategy that is often ignored by start-ups is
Training. Businesses are becoming more service-oriented than ever before
and are paying a high premium on training. Hence the need to be specially
equipped for the challenges it imposes becomes a necessity.
Operating
in a knowledge economy, start-ups need to realise that the “grey
capital” and the skills of the employees are valuable assets. It
is thus essential for training to be included in the short and long
term plans of an organisation in order to keep in touch with the changing
market scenario.
If need be
Most entrepreneurs are faced with financial restrictions, which do not
allow them to invest a lot in training. In such situations, entrepreneurs
need to use their discretion. They should provide training only if there
is an ample need for it, and it should be restricted to the employees
who need it the most. The contents of this article could also be included
in the training package.
Baltic- a company in the manufacturing business felt it’s competitor
had eaten into it’s market by providing a similar product at a
better quality. Baltic ramped up the process and removed the glitches
by providing training to the employees who handled that particular machine.
This increased both the quality and productivity exponentially.
Reactionary training may not be the best way to combat change. To minimise
risk, entrepreneurs should to have a regular and planned training regime
in place to be able to bridge the gaps between current skill sets and
desired skill levels.
On-the-job
Some start-ups just do not have the infrastructure to train employees.
This leads them to adopt a system of on the job training. This is not
the easiest way to learn, but it is a cost-effective one.
On the flip side it could be time-consuming, and learning on a ‘trial
and error’ basis could have disastrous effects Therefore it might
be a good idea to opt for a combination of in-house and on-the-job training
module. Temple Health Service started a help line, which provided a
half-day workshop for sales executives and arranged for senior staff
to mentor them for the first three months. So if an entrepreneur can
get help from an experienced personality in that industry for free there
would be nothing like it. You can remind him of his corporate social
responsibilities which he can fulfil by supporting the budding future
of this country. Believe me it works!!
HR
picks
People managers match the training requirements with the skill sets of
the employees. Employees can also be given the chance to volunteer or
recommend subordinates for specific training programmes. Sometimes the
HR Managers make it a point to keep tabs on the training programmes being
conducted and keeps the employees posted.
If the infrastructure needed for the training does not exist, the HR department
needs to make the required arrangements to provide the necessary training
to the team
Go quest
Small establishments encourage their employees to attend seminars, conferences
and workshops to keep them contemporary. Such efforts are often partially
sponsored by the company.
Outsourcing
Corporate trainers share their knowledge- albeit at a high price. This
however is worth the investment if the trainer is chosen with utmost care.
Corporate trainers should be able to understand and meet the needs of
the entrepreneurial manpower.
Successful entrepreneurs are the ones who realised the need for effective
training at the stage of inception itself, and that training can’t
always be reactionary!
You want to be successful … you have got to train that brain.
