Studying To Advance In Business

Many people go through their whole careers thinking that the only way to get a promotion is to "know the right people," or to "just get lucky." And although luck certainly plays a small role in one's advancement and growth in business, this role is much smaller than many people tend to imagine. The mistake that many people make in business is waiting around for their opportunity to present itself, but failing to be prepared to take advantage of (or to even recognize!) that opportunity when it arises. It is important that you understand the value of studying to advance in business, regardless of whether you are a small business owner, an employee at a large company, or even a manager hoping to move up higher in the ranks.

For small business owners, this study should take the form of understanding what their competitors are doing. This does not just mean that you should understand what they are doing wrong, either; take a good look at your strongest competitor and figure out what they do right!

If you are an employee in a large corporation, it can often feel as though it is impossible to ever get noticed. With so many employees who are just like you in so many ways, it can seem absolutely random whether an employee's hard work gets rewarded or not. This is the easiest position in which one can forget to keep studying, as it seems like all the study is yielding no dividends. But remember: In time, your opportunity will come, as the law of averages dictates this; if you continue to work hard and advance in knowledge and expertise, you will be prepared to seize your opportunity when it comes along.

It is very easy for managers to sit back and forget that there is still more to accomplish. But it is important that managers continue to study not only to open doors for advancement, but also to enlighten those within their charge.

Begin to devote thirty extra minutes per day to the study of your business and the businesses around you, and you will be surprised to find how much your knowledge begins to grow.

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