Skills and training for directors and owners

Introduction

As a business owner or director you need many different of skills for your business to succeed. Half of all small businesses fail in their first three years, often because they lack these skills.

You may be a first-class engineer but unless you can sell your product, your business could fail. Likewise, you could be a wizard financier but unless the people you employ are well managed, your business could collapse.

Running a successful business means being able to access many skills. As your business grows, the range and complexity of skills your business needs will grow too.

This guide outlines the kind of skills that businesses need to function successfully and outlines the skills required by those heading a business, eg people-management, leadership, team-building and strategy-setting.

It will advise you on where to go to find help and training to ensure all these skills needs are met in your business.

Subjects covered in this guide

• Introduction
• The core skills all businesses require
• New skills required by growing businesses
• Key skills for owners: strategy
• Key skills for owners: delegation
• Key skills for owners: building a management team
• Key skills for owners: managing your team
• Skills and training for company directors
• Sources of leadership training
• Here's how management training improved our business

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