Business Owners and Personal Development Plans
There is nothing as important to a business owner as having a strong productive team. It is the team you employ that creates the revenue for your business. In fact, without them, there would be no business at all. Despite the many reasons that a team may not be performing in its best ability, a personal development plan for you and each team member can increase productivity and motivation.
Running a business is challenging for any business owner and a personal development plan (PDP) may be the least of their concern. For some, the PDP is a trivial task compared to other important tasks. Nevertheless, business owners have become more aware of the need to set aside an amount of time for your staff’s personal development. Such initiatives have proven effective in generating more benefits for the business.
Why exactly are business owners taking advantage of personal development plans?
It is no secret that every business owner has a vision for his/her company. They invest in this vision in order to drive the business forward. Getting employees to commit to this vision is without a doubt a difficult task. The business belongs to the business owner and not the employees. So the business owner’s vision is not really their own. Fortunately, a PDP has helped business owners show their employees that they are invested in them. It has helped the employees see that they are an integral part of the team. It is true that recognition of someone’s effort gives them an inclination to follow behind the business owner’s vision.
The personal growth of employees is paramount because it determines the level of growth of the business. Business owners have taken advantage of the fact that personal development plans help staff members grow their confidence and generally, to achieve personal growth. While this may seem as a relatively unimportant factor, it can make all the difference to a business owner. Growth in confidence means that they come across as confident to potential clients. Clients love confident individuals and when they find such employees, then they give a positive review about the business. It is more likely for a client to recommend a business where they enjoyed a positive conversation and received all the help they needed. Generally, if the staff believe that the owner has enough confidence in them to invest in their future, then it will reflect in their work.
Besides the growth in confidence, personal growth also means that work wrangles and office politics are minimized. ‘Cold wars’ between employees has been a hindrance for many business owners. The good news is that personal development plans have helped them move their employees past the point of seeing each other as competitors. They begin to see each other as colleagues, positively impacting the levels of productivity.
Business owners have discovered that the personal growth of the staff leads of the overall growth of the business and they have taken advantage of this.
Every business owner wants to maintain employees and reduce the costs of constantly replacing employees. A PDP has helped business owners in keeping their employees for a longer period. When the staff feels like enough effort has been put to invest in them, they are more likely to stick with the business rather than looking for another business where they won’t feel appreciated for their hard work.
No business owner wants a high turnover of staff. The PDP has been the right tool to make the staff 100% committed. If a business owner expects such commitment from the employees, then he/she must show it first. Business owners have realized that it is not clients that come first but rather it is the employees. Taking care of employees consequently means that clients are well taken care of.
A sense of direction
PDPs give a sense of direction to the whole team. Dreamwork can only be attained through teamwork. When staff realizes where they are headed within the business and are happy with that direction, they will eventually begin to work together. Ultimately, the teamwork towards one common end goal will create a harmonious workplace for the business owner, who will begin to see the profits of such an environment creeping in.
This sense of direction also brings about accountability. Since the staff are working together as they head in the same direction, they are able to keep each other accountable. Such accountability ensures that every member of staff is doing their duties diligently in order to meet the expected goals. Accountability, brought about by personal development plans has helped business owners keep their employees accountable which has in turn positively impacted the productivity levels. It is no wonder that they are taking advantage of the plans.
Creating happy employees
These plans have aided business owners in creating happy employees. And what does this mean for them? Happy employees mean happy customers and happy customers mean more revenues for the business. Even if such a plan only makes employees happy, then business owners have taken advantage of this benefit. People work better when they are happy themselves and they become even happier when they help others. Moreover, if one member of the staff is happy, it flows to other members. What a workplace it will be, right! Happy employees. Happy customers. More revenues. No business owner would want to miss out on that.
Every person works best when they believe in a purpose and feel appreciated. Business owners have realized this and as a result, they have used personal development plans as a small gesture to their staff. The decision has proven profitable for them even if it took work to implement it.
There is a universal desire to improve and grow especially for business owners. The only difference between those business owners who take advantage of the plan and those who don’t is motivation. High achieving business owners have intent and purpose which they pass on to their staff and stand to enjoy the benefits.
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