Self-employment, part 2: Business training
Business training is essential in self-employment. There are a lot of things that have to be done properly, by law, and you need to know all of them. The training itself is comparatively cheap and easy to get from community colleges and professional trainers.
It's best to do a certificate course in business training if you can find one. The other basic courses are OK, but if at all possible, take a course that really gives you a formal level of training so you don't have gaps in basic knowledge. The certificate courses cover the whole range of small business practices, and you'll find that just about everything is directly relevant to your own business.
In some countries, you can get government assistance to do courses like this, even certificate courses. It's worth checking with your local Department of Labor or Social Security about what's available. Training fees are also usually deductible when related to earning an income, so you can get some of your money back.
The courses are structured to work from the basic business startup stage. This is almost always a very useful part of the instruction for anyone. You can learn a lot in a hurry about what you need to do with your own business, so if you're in the early stages of planning your business, the training course is where you really should be.
The courses usually operate in phases:
- You'll start with the business viability issues, in depth. This part of the course will show you how to conduct your viability studies, and get all the information you need in this vital stage of setting up your business. You'll learn how to conduct market research, and find business opportunities.
- A lot of the course will be devoted to teaching business administration, step by step, and this highly structured training is very valuable in its own right. Business administration is an actual science, and it's very strongly based in business law. You need to know all of this extremely well as part of your business. Learning the basics can save you a lot of grief in terms of doing the most simple things, like just issuing a receipt or placing an order.
- Critically important to your business, financial projections and business plans are built in to the course. At each stage, you'll be referred to your financials and shown how each part of the training impacts your financial statements, records, administration, and your business plan. In any kind of business, this is a language you must learn to speak fluently. This is the training that will teach you how to talk to your bank about your business's financial needs.
Self-employment is about you. It's how to make yourself your own boss, and to run your life your way. Get the training and the business certificate. Make your business grow the way you want it to grow.