Most business people pay lip service to education and training. If you are a business man and know your business well you still need to learn about money. You need to be updated about HR. What about logistics? – really the works.

Ask a group of business people if they’d be willing to attend a seminar on learning business finance and personal finance at least half of the people in the room say yes. Give them a specific date and time, and only a handful will actually sign up! And surely I have found that it is not about price. I have done finance seminars priced from Rs. 30000 per person per day down to ZERO – and found the response pretty similar!

It used to surprise me when I heard that 50% of all businesses fail in their first three years. Now that I teach finance – personal and business, I am surprised that the rate is so low! Many people I have met have no clue as to why they are earning, what will they do with money, how to save / invest or oh I could just go on and on! Many business men have very poor grip on marginal costing, budgeting, opportunity costs, break even, pricing, – too much of it is “intutive” – and that hurts.

One thing I’ve learned is that most successful professionals embrace a “culture of learning.” This is especially true during difficult financial times.

Personal and professional self-development is a journey which has to be enjoyed —not a destination which can be reached. The most amazing learning person I have met is Jagadguru Shankaracharya of Kanchi. When a journalist asked him “how can you call yourself a Jagadguru when all you do is lead a small bunch of people in South India, he said “You interpret Jagad(world) guru(teacher) differently from me. You think I am the guru of the world, my interpretation is “the Jagad(world) is my guru”.

Benjamin Franklin once said, “If a man empties his purse into his head, no one can take it from him. An investment in knowledge always pays the highest return.”

With that in mind, here’s an action item for this week. Look at your financials (e.g. cheque book, credit card statements) for the last year. Have you spent anything on some type of on-going business education? Worse still is all your financials well organized (if not visit www.myirisplus.com and buy the software NOW). If you do not know how to organize – see the top of this page, I am doing seminars – some priced, some free. Please take time to attend them.

If you aren’t “emptying some of your purse into your head,” take a few minutes to think about what you want to learn to help you build your business—and sign up for something this week! Don’t put it off any longer.

If you want to earn more, you need to learn more! Oh, and reading these articles from time to time won’t hurt either.

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  1. Dear Sir,

    I am new to this blog and have been reading it for a couple of months. Its been always some kind of information i used to get from your blog. If not the exact picture you atleast give me the lead for searching further information and that has helped me a lot.

    I am leaving this comment for you to know that there are many fellows who are fans to your blog.Keep continuing this work which will help many others in future to come.

    Thanks for all the info. that you pass on which benefits many.

    Manoj.

  2. Sir,

    That was a good article.
    All your seminars are held mostly in Bangalore, Chennai, Delhi, etc only and i haven’t seen one in Hyderabad (where i live). I am an arednt reader of your blog and read it every second day (trying to cope up of reading it daily).
    I would be delighted and grateful if you can conduct some sessions in Hyderabad.

    Thanks in Advance.

    Best Regards,
    Sudhakar

  3. Mr Subramanyam,

    Given the god speed to the technology, conducting webinars is a good idea for widening your seminar/ training spectrum.

    Please do think about this method/tool. I am sitting oceans away from you and not able to get delivery of your book neither able to attend the seminar. And I may be just a small drop in the ocean of your fanbase, so please do think about people like me who can not take advantage of your in-presence gyaan.

    Many thanks and regards
    Siddharth.

  4. yes Sai..but long back..and in most cases of a repeat it it normally the second post of the day. Also the readers keep changing, and many times they need reminding 🙂

  5. Sai,

    Even i remember.This topic has been posted already. But i think rather than criticizing, this is for the newbies to visit the topic again.

    We do not expect story telling for kids with a new story everyday. Rather this is a forum were continuous reminder and refreshing of mind is required on certain topics for reader like us. So i believe repetition is not a crime.

    This is not a take on you, but rather saying on the objective of the forum.

    Manoj.

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