Business Chops Tip #64: Are You Investing in Human Capital?
Some say that cash flow is the lifeblood of any firm. From our viewpoint, it's people who make it all happen. It's almost a cliché to say, "Our people
are our number one asset."
Yet how many who say that actually invest in developing their company¹s human resources? Beyond the corporate-speak of "Our people matter," how much emphasis does your company place on staff development?
Training (specifically training to develop staff's existing strengths and capabilities), always pays dividends. Are you growing your company by developing your human capital? Success tip: Invest in continuous training for every member of your staff.
Author's Note: Creative and technical professionals (from musicians and actors to designers and engineers) rely on their "chops": those skills and techniques that they use to be successful on the job. Stiernberg Consulting coined the term Business Chops to encompass those skills, experience, and tactics that you rely on to be more successful. Whether you are a dealer, manufacturer, distributor, rep, or design firm, this series includes tips and techniques for optimizing sales, profits, and growth of your Custom Retail business.