5 ways to increase profitability by investing in people and education

Brad Sugars, founder and CEO of ActionCOACH heavily emphasises the importance of leveraging your business for efficiency. As a business owner, you are always looking for ways to improve efficiency and increase profitability. One often overlooked but essential factor in achieving these goals is investing in people and education. By investing in employees through ongoing education and training, businesses can foster a culture of productivity and teamwork that can lead to increased efficiency.

• Improved skills and productivity:
  By investing in your employees’ education and training, you can help them acquire new skills and knowledge that can help them perform their jobs more efficiently. This, in turn, can lead to increased productivity and better business outcomes.

• A culture of innovation:
  Ongoing education can help employees stay up-to-date on industry trends and best practices, leading to more innovative and efficient work processes. Additionally, providing opportunities for employees to share ideas and collaborate can foster a culture of innovation that can drive business success.
• Employee engagement and retention:
  Employees who feel valued and invested in are more likely to be engaged and motivated, leading to higher job satisfaction and lower turnover rates. This can save your business time and money on recruitment and training costs.

• Improved problem-solving:
  Well-trained and knowledgeable employees can help identify inefficiencies and suggest improvements to business processes. By leveraging the collective brainpower of your team, you can identify and solve problems more efficiently, ultimately leading to better business outcomes.
• A strong employer brand:
  Investing in your employees can help to build a strong employer brand and attract top talent to your business. This can be a competitive advantage in today’s job market, where talented employees are in high demand.

Investing in people and education can help your business achieve greater efficiency, productivity, and profitability. By providing ongoing training and education opportunities, fostering a culture of innovation, and engaging and retaining your employees, you can set your business up for long-term success. Brad Sugars emphasises the importance of investing in people as a key strategy for improving business efficiency and achieving long-term success, and these benefits demonstrate why it is worth the investment.

Who is ActionCOACH’s Business Coach Mark Dilks?

Mark Dilks is an accomplished business leader, experienced coach, mentor and business builder. He supports business owners, executives and teams across Milton Keynes, Bedford, Northampton, Luton & Dunstable in all aspects of building profitable high growth businesses; from start-up phase all the way through to maturity and divestment. No matter what challenges you are facing, Mark will invariably have encountered a similar situation previously and will be able to support you to quickly and efficiently overcome your business hurdles by sharing examples of how other business have solved similar problems that you are experiencing. He is motivated, driven, tenacious and is able to get the very best out of all the resources available to his clients and to ensure that the maximum results possible are achieved.