3 More Ways Entrepreneurs Can Improve Their Networking

“If you don’t understand people, you don’t understand business.” – Simon Sinek

Business is not just about spreadsheets, accounting software, profit and loss. In fact, successful entrepreneurs have one thing in common. They are good at networking. So how will you improve your networking skills? Are there steps you can take to improve your networking skills? The answer is “Yes.” We already shared some ideas in the previous article. Here are some more tips.

1. Organize and attend conferences
When most people hear the term “networking,” they immediately conjure up the image of a conference room with lots of people exchanging ideas or business cards. It’s true. Attending a conference can greatly improve your networking. However, the conference you are attending may not have all the right people you want to network with. If that is the case, then consider organizing your own conference. You can easily training room rental or seminar room rental and host your own conference. Either way, seminars and conferences could the ideal breeding ground for growing your business network.

2. Be Prepared
Just attending or organizing conferences isn’t enough. For successful networking, you should prepare yourself well in advance. For instance, learn to listen to other people’s views rather than simply pushing your ideas onto their face. You should also have your business cards or product samples ready. So, if you get a chance to meet with someone important, you can share your contact details and even show a demo of your product right away.

3. Follow up
Networking at a conference or seminar give you a chance come face-to-face with people from your industry. It is up to you to turn the initial meet-up into a long-term business relationship. Don’t expect everyone to remember you after the event. If you want to keep the relationship alive, you should follow up with them at frequent intervals.

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Ways Entrepreneurs Can Improve Their Networking

You know your business inside out. You have the knowledge and skills of your industry niche. But here’s the thing. Building a successful business is not only about what you know. In fact, it’s more about who you know. That’s exactly why improving your networking skills is critical to the growth of your business.

One way to improve your networking is by attending conferences and events. You can also book training room rental or classroom rental to organize an event and invite influential people from your industry to speak at your event. That way, you can have more control over your networking. So what are some other ways to improve your entrepreneur network? Here are some ideas.

1. Offer value first
If you want to make a real connection with influential people in your industry, start by helping them without asking anything in return. For instance, you can send emails offering helpful advice on how they can increase revenues. At this stage, your only purpose should be to help them win at their business. Once you win their trust, they are most likely to reciprocate.

2. Share tips and advice on social media
In the same breath, you should help your clients and followers via social media platforms like Facebook and LinkedIn. If you can establish yourself as a helpful resource in your circles, it will pay dividends in the long run.

3. Build relationship with local media
Local newspaper or audio-visual media could be a great networking tool for startups and SMBs. With that in mind, it would be a good idea to follow local news and try networking with your favorite reporters. For instance, you can send them the thank-you email for covering an important story in your area. Or perhaps, invite them to your business events and request them to cover the story of your business.

3 More Tips to Conduct Training on Performance Management

Companies that provide training on performance management are more likely to reduce employee turnover, improve employee engagement and productivity. But before you training room rental to train your employees on performance management, you should know what an effective training program should look like. We have already shared some tips in the previous article, but here are 3 more steps to planning an effective training program on performance management.

1. Measure outcomes of your training
What gets measured gets managed. This piece of wisdom from famous American management consultant Peter Drucker holds true for performance management training. if you currently don’t have a system to measure the outcomes of your training program, you are probably wasting your time and money on training. So before you book classroom rental for your next training program, identify the key metrics to measure the outcome of your training. After a successful training session on performance management, your employees should have a clear idea of their job duties, what managers expect from them, and how to give or receive feedback.

2. Involve internal members of your team
Many companies hire outsiders for giving training on performance management. While there’s nothing wrong in inviting outside experts to lecture on the topic, most of the practical ideas for improving performance management should come from within your organization. Your senior managers probably have a better understanding of how performance in managed in your organization. So involve them and let them work collaboratively with outside experts to develop a holistic training program on performance management.

3. Make sure training improves your bottom line
In addition to measuring the qualitative results of your training program on performance management, you should also measure its impact on the company’s bottom line. Training helps your employees and managers learn new skills, but how they use those skills to increase business revenues matter the most. So before you rent training room, make it a point to recognize your expectations in terms KPIs. After the training, measure the ROI to see how the training has helped improve business outcomes.

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How to Conduct Training on Performance Management

Companies often use the phrases “performance management” and “performance appraisal” interchangeably, but there are distinct differences between the two. While performance appraisal is the system for evaluating employees, performance management is the process of managing performance of employees through their entire lifecycle in the company. It includes defining job responsibilities, setting goals, identifying strengths and weakness, measuring performance and rewarding achievements.

Training can definitely help improve performance management in your organization. But before you book training room rental for performance management training, read here some tips on how to plan your training.

1. Make training fun and exciting
Training sessions are notorious for being stereotypical and boring. But it doesn’t have to be that way! If you want to make training more fun and exciting for your employees and managers, think from their perspective. If you were an attendee, would you be excited to take this training? Does the training really provide value to them? Is the training effective or simply a time-waster? Asking these questions should help you identify any possible drawbacks and plan accordingly.

2. Consider the duration
You don’t want to unnecessarily stretch the time period for your training session. At the same time, you want to give your attendees enough time to understand the training material, take notes and ask questions. Decide on the length of your session before you seminar room rental for your performance management training.

3. Update the training material
As your company grows, your performance management strategies should change to suit your current situation. Consequently, you should update your training materials to include the latest information. For instance, if your company is planning to hire more senior-level managers this year, then you should tweak your current training content to make it more relevant and useful for experienced professionals. If you are using the same old materials for years, maybe it’s time to update your training materials now.

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3 More Benefits of Hosting a Hybrid Event

Hybrid events are all the rage these days. With the business world planning move their base online, there couldn’t be a better time to consider hosting a hybrid event than now. So what is a hybrid event? Put simply, it is a combination of physical and virtual events. You still have to training room rental or book classroom rental, but you’ll also broadcast your event through live streaming for an online audience. We have discussed a few advantages of hosting hybrid events in the previous article. Here are some more advantages of hosting a hybrid event.

1. More Flexibility
One of the many benefits of hosting hybrid events is that the view can participate from their places of comfort and same is the case with the speakers. This means that you can actually pick and choose the speakers you want to have without worrying about their availability. The audience can also watch your event from almost anywhere – be it their kitchen or bedroom.

2. Lesser Space Required
Hosting a hybrid event does not require you to book large, expensive halls. You can actually host an event from your conference room or training room rental. Hence, you can save more on your training room or seminar room rentals.

3. Makes Sharing Easy
A hybrid event is easy to share. If someone misses it real time, they can watch the recordings later at the own convenience. It also allows them to share the live stream on their social media handles, which turns out to be a great thing for the host. It increases your viewership and it is super easy for the viewer to stop the video and watch it at a later time.

Hybrid events could be the next big thing in the event industry. The time has come for you to consider the pros and cons of hosting a hybrid event for your company.

3 Benefits of Hosting a Hybrid Event

In the past few years, the world has moved on pretty rapidly. Almost every business not only has an online presence but also functions online. One of the most recent additions to this list is hybrid events. These are regular events like a conference or a meeting with a physical audience but it also has a live online audience. A viewer or a guest has the freedom to participate in this, even if they are not physically present at the location. It is the way forward, with more people showing interest in this event format with each passing day. The question is why? Before you book training room rental for a hybrid event, you should know the following benefits of a hybrid event.

1. Wider Reach
Hosting hybrid events give you access to a larger audience that in most cases is not possible. Most venues have a limited seating capacity and you cannot entertain more people. Here is where hosting a hybrid event comes to your rescue. Hybrid events give you access to people from all over the world, which is great from a branding point of view.

2. Budget-friendly
Hybrid events can cut down your expenditure substantially. This is because there is no need to pay for the flight tickets and hotel rooms for your guest speakers. They can participate in the event from wherever they are. All you need is a strong technical team and you are good to go. However, you’ll still need to seminar room rental for the event.

3. Improves Brand Awareness
These events are great from a branding point of view. Generally, companies work very hard to make a name for them. Hybrid events can help you do so without a sweat. The fact that you do not have to limit the number of viewers is great to build your brand. The more the merrier. This also gives your brand an international exposure. People from all over the world can join in and it cannot get better.
Hosting hybrid events is the way forward. As lives get busier, these events can sure solve a few problems and save precious time.

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How to Set SMART Goals for Employee Training (Part Two)

Employee training programs may seem like a financial obligation but they play a major role in retaining your top talents and getting them to consistently perform at an optimum level. However, you need to set clear goals for a program in order for it to deliver the desired results. To that end, consider using the SMART method of goal setting.

In the first part of this article, we already touched upon two important techniques for setting SMART goals. Before you classroom rental or training room rental for your next employee training, here are 3 more points to consider.

1. Setting achievable goals
Once you’ve made your goal specific and measurable, the next step is to focus on setting an achievable target. If we look at our previous example of “I want 70% of the attendees to enroll in our XYZ advanced class after the training,” what does that mean for you? Well, you may want to reconsider your target of achieving 70% enrollment and cut it down to 50 or 40%. So, your revised goal statement could be “I want 40% of the attendees to enroll in our XYZ advanced class after the training.” Make sense?

2. Setting relevant goals
At this point, you need to align your employee training goal with your overall organizational goal. Is your training objective relevant to your company mission? For instance, you may update your goal statement to “I want 40% of the attendees to enroll in our XYZ advanced class after the training, so they can perform better on the job.”

3. Setting time-bound goal
Finally, you should set a deadline for achieving your employee training goal. That will help you know how much effort is required to meet your target deadline. For instance, your goal could sound like this. “I want 40% of the attendees to enroll in our XYZ advanced class within 30 days after the training, so they can perform better on the job.”

How to Set SMART Goals for Employee Training (Part One)

You know that SMART stands for specific, measurable, achievable, relevant and time-bound. And you also know that you should set SMART goals for your employee training. But that’s not the problem.

For many employers, the problem is to define a SMART training goal. So, before you book classroom rental or training room rental for your next employee training program, let’s understand the concept of a SMART goal with an example. Are you ready for it? So, let’s dive right in.

1. Importance of setting SMART goals
Probably, you are already convinced that setting SMART goals is important. If, however, you have an iota of doubt, let’s clear that first. Every business sets goals. But the more specific, measurable, achievable, relevant and time-bound your goals are the higher are your chances of success. Likewise, the success of your employee training program depends on how SMART your goals are.

2. Setting specific goals
So, as the SMART method suggests, the first step is to make your goal specific. Let’s take an example to understand this. Let’s say you said, “I want my employee training program to be more impact.” The problem with that statement is it doesn’t specifically say what impact really means for you. You need to be specific. For instance, you can say, “I want more employees to enroll in our XYZ advanced class after the training.”

3. Setting measurable goals
The next step is to set measurable goals. Without a measurable goal, how can you determine the outcomes of your training program? An example of a measurable goal could look like this. “I want 70% of the attendees (employees who will attend the program) to enroll in our XYZ advanced class after the training.”

In the next and final part of this article, we’ll discuss the three other components of SMART goal setting. So, stay tuned.

3 More Ways to Measure Meeting Success

Meetings now waste more time than ever before, according to a recent study. In fact, 44% of the people who participated in the study had admitted that meetings make them less productive at work. Another 43% said meetings often make them more confused than focused.

Evidently, meetings could be a huge waste of time. But if you can plan and organize your meetings the right way, they can really help your organization grow. So, if you are planning to seminar room rental or training room rental for your next corporate meeting, here is an important thing to keep in mind. Always measure the effectiveness of your meeting. We have already covered 3 ways to measure meeting success. Here are 3 more ways.

1. How many meetings per project?
Not all projects are created equal. Some projects are more complicated than the others. In projects like this, you may need to organize more meetings to get the job done. And that’s totally fine. However, it is important to keep a count of how many meetings it took to complete a project. Later, you should review and consider if you can reduce the number of meetings per project.

2. Count action items
At the end of a meeting, you should make certain future action plans based on what you discussed during the course of the meeting. It is practically impossible to create an action item from an unproductive meeting. In other words, action items are a sign that your meeting was fruitful. The more action items you have, the better! For instance, you may decide at the end of a meeting that you’ll focus more on quality control.

3. Measure engagement
Just measuring the attendance in your meeting is not enough. More attendance doesn’t mean the meeting was successful. You should also track the engagement of your participants. To that end, track how many people asked questions, shared a new idea or suggested a new solution. You can use software to do the tracking.

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3 Ways to Measure Meeting Success

There is an ongoing debate over whether meetings are a bane or a boon. Even so, you cannot think of running an organization without meetings. As a manager or business owner, you’ll book seminar room rental or training room rental to organize meetings all through your professional life.

And there’s nothing wrong with that. But are you measuring the effectiveness of your meetings? If not, it’s high time you do. You spend a lot of time and money on meetings. So why not measure their success? Here are 3 ways you can measure meeting success.

1. Measure the start delays
Unfortunately, meetings often don’t start on time. The reason could be late arrival of the attendees, technical issues or communication issues. Whatever the reason, start delays account for a large percentage of time wastage in meetings. This is why you should track how long it typically takes for your meetings to start.

2. Compare time planned with time spent
A meeting typically has an agenda. You’ll plan a time limit for each item on your agenda. But is your team sticking to that time limit? Keep track of the time spent on each agenda item and compare that with the time planned. If surpassing the time limit becomes a pattern, you should find out the root cause of it. Are certain team members taking more time than the others? Is the lack of preparation causing delays? Discover the root cause and plan accordingly.

3. Measure attendance
You should also track the attendance in your meetings. Probably, you should not always expect 100% attendance in your meetings. However, if you notice that a large number of invitees are not attending your meetings on a regular basis, there must be something wrong with your meeting culture. So, you should regularly track how many people are attending your meeting. If you notice certain members absent most of the times, you may want to talk to them to know the reason for their non-attendance.