Skillsoft Blog

5 Reasons Small Business Needs to Think Big with L&D


By Alicia Little

Many small businesses inadvertently limit themselves by thinking small. They hold off on establishing key strategies, systems and processes, convinced they won’t need them until the company is larger. But the businesses and leaders that think big from the start are the ones that set new records and make history.

It boils down to this: even if you are a small company, you should always think like a big one. Build and plan for the future from the beginning. Don’t focus on how few employees you have, or how restricted your finances are—think about what you need to do to set yourself up for future success. For example, how are you going to make sure you have the right players on your team? How will you keep your best employees engaged and help them advance into new roles as you expand the business?

You need a solid learning and development strategy. The annual L&D impact data I see from organizations both small and large tells the same story. Having a learning and development process in your organization is crucial. Increasingly, SMB success is tied to technology. But according to SMB Group’s 2015 SMB Routes to Market Study, only 29% of SMBs view technology as helping them to significantly improve business outcomes. Those SMBs that recognize technology’s critical role in will outpace their competitors in terms of business growth. They recognize that technology is constantly evolving, moving at a pace that is difficult–if not impossible–to match without training and development.

Building a L&D infrastructure that incorporates a long-term vision, aligns with the goals of your business and possesses the flexibility to evolve and grow with you is paramount to being agile in terms of talent management and development. This type of planning keeps you highly competitive. Combine this with a cloud-based solution and a solid engagement and measurement strategy, well, now you’re thinking a major-league player.

Thanks to technology it is cheaper than ever to think big and integrate a L&D platform into your business. A cloud-based learning solution offers both cost and value of time savings when compared to the traditional classroom-based or off-site workshop setting. Additionally, its 24/7 access increases employee engagement and its turnkey flexibility ensures it will grow as your business needs grow, at little extra expense.

Want to find out more about the benefits of cloud-based learning for your SMB? Join us for a webinar on June 30 and learn everything you need to know about this game-changing technology.

Alicia Little is an Associate, Marketing and Sales Support, for Skillsoft Canada

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