Tuesday, October 29, 2013

Studying To Advance In Business

Many people go through their whole careers thinking that the only way to get a promotion is to "know the right people," or to "just get lucky." And although luck certainly plays a small role in one's advancement and growth in business, this role is much smaller than many people tend to imagine. In fact, the place where many fail in business is not in luck, but in a failure to be prepared to take advantage of (or even recognize!) their opportunity when it shows up at last. If you are a small business owner, an employee at a large corporation, or even a manager who is hoping to move up higher in the ranks, you must come to understand the value of studying to advance in business.

Understanding what your competitors are doing is the best way for you to study if you are a small business owner. You should certainly take a look at the things your competitors do poorly or incorrectly, but even beyond this, you should take a look at the things your strongest competitors do right!

If you are an employee in a large corporation, it can often feel as though it is impossible to ever get noticed. It can seem as though it is absolutely random whether an employee's hard work gets rewarded or not, as there are so many employees who are so similar to one another. If you are an employee in this position, it can seem like all your studying is getting you nowhere at all. The law of averages, however, states that your time will come eventually; continue to increase in knowledge and expertise regarding the corporation for which you work, and you will be prepared to seize this opportunity when it comes!

It is very easy for managers to sit back and forget that there is still more to accomplish. But as a manager, it is important that you not only continue to study to open up doors for advancement, but that you also study in order to enlighten those in your charge!

Begin to devote thirty extra minutes per day to the study of your business and the businesses around you, and you will be surprised to find how much your knowledge begins to grow.

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Stephen Ha

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