Michael Botu's Blog

DO YOU HAVE A SECRET RECIPE? "........ Do you have a secret recipe no one can decode. Did you unlock a new supply channel?"  ~ Otunba Akin Alabi Otunba Akin Alabi is an Entrepreneur and philanthropist. The man behind the revolution we call online betting In Nigeria. The founder and CEO of NairaBET and author of the best seller - Small Business Big Money. He should know, he had been this and that before he finally saw success as a businessman and now a Politician Representing the good people of Egbeda/Ona Ara Federal Constituency.

THE COST: Brian Benton listed six major areas establishments that refuse to train are losing out, they are; 1. Untrained Workers Have a Low Production Value 2. Untrained Workers Are Inefficient More time (and therefore money) and effort is spent when employees aren’t fully or properly trained to perform their tasks or to fulfill their responsibilities. It takes them longer to do the work. 3. Lost Time/Money Due to Mistakes When an untrained worker makes a mistake, the time and materials used are lost. The work then has to be done again. Or worse, the inadequate product was delivered to the customer. 4. An Increase in Miscellaneous Expenses

NOT TRAINING IS COSTING YOU MORE 2 It was Zig Ziglar who said “You don’t build a business, you build people and then people build the business” Words any serious entrepreneur must take to heart and work with.  Before we look at what you are missing by not training, let’s look at your excuses, shall we. (If yours is not on the list, please drop a comment or a mail, you will get free advice from us and that’s bonding promise) 1) NO TIME: A wise man once said, “people create time for the things they love.” So the problem is not about time, its about prioritizing. what you as an entrepreneur place more premium on? The consistent, progressive growth of the establishment through the road of training or business as usual? 2) NO MONEY: You are the risk taker no doubt and you deserve to get that new car, build a bigger house, threat the family to an expensive vacation or even marry a second wife but you must plough some of the profit back into the business. Going by Z

NOT TRAINING IS COSTING YOU MORE Many entrepreneurs will not touch an untrained, untested driver with a long spoon. If an untrained driver will cost less in terms of salary, many entrepreneurs still wouldn’t hire them, particularly to be their personal driver. Yet many a Business owner do not acknowledge the importance of training their employees. Some of the excuses not to train are:  1) No time: we are too busy to learn something new 2) No Money: we don’t have the money to train 3) Don’t rock the boat: we like things the way they are as the old wrong saying goes; “If it’s not broke, don’t fix it”  4) What if I train and they leave: fear of employees leaving after so much had been invested on training them.