When it comes to education more is always better, right? Wrong. It’s not always the case. Over the last year I have met a couple of people who like investing in coaching and entrepreneurship programmes but they simply do way too many of them.
Coaching and training definitely helps with the acquisition of knowledge but that knowledge is totally useless if you don’t do anything with it.
One person I met had spent about £20,000 ($30,000) on various programmes within one year but hadn’t put anything into action. I thought that was a big waste of time and money. I kept trying to emphasize to her that she needs to start implementing what she’s learnt because that is the only way she would see results. I hope I got through to her but I dare say even when we were talking she seemed to be considering what programme she would do next.
The problem with taking part in too many programs is that you receive so much information that you have no idea where to start with implementing it. It overwhelms and confuses you.
You’ll end up writing lists and lists of what you need to work on but ultimately if you have too much information, you do nothing. You just move on to the next course with the hope that it helps to bring clarity to your confusion.
LAGS BETWEEN LEARNING AND DOING
If you leave a long gap between learning something and incorporating it into your business then you forget about it. You never get round to implementing it.
If you’ve paid for a simple program then this is not an issue but the more expensive programmes usually pack in a lot of homework and you have to do all of it to get the maximum benefit.
Don’t wait a long time to start working with something that you’ve learnt. If you can’t implement it, find someone who has the time and capacity to do it for you.
THE RIGHT WAY TO INVEST IN TRAINING: REVISE WORK ALREADY DONE
There are a variety of “right” ways to get the most from training.
If you’ve paid to learn something then you have to implement it otherwise you’re just pouring money down the drain.
If you’ve invested in a quality programme, implement what you’re learning as you go along. Then, before moving on to a new programme, go over the material one more time to make sure you’ve got everything before investing in something new.
The first time you go through training you will inevitably only implement the easiest or base-level concepts into your business. The second time you go through the material, there will be more you can implement or that you didn’t consider the first time round.
Sometimes success or a boost in earnings isn’t the result of making a huge sweeping change, the correct, small tweak can lead to massive returns.
Yes, as someone who has a program on How To Build A 6-Figure Product Business I should be saying so loads of coaching, pack in as much knowledge as possible but I’d be lying if I did that. Implementation of existing knowledge can be more important that acquiring now knowledge…
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Heather on Wealth
I enjoy helping people think through their personal finances and blog about that here. Join my personal finance community at The Money Spot™.