Career colleges, workforce investment boards, and youth organizations all share a similar goal: to provide their learners and clients with skills that will ultimately get them a job and put them on a pathway towards a long-term, sustainable career. To that end, these organizations have to consider both the short term market demand, as well as the long term career outlook for various positions and career paths. Additionally, they must look at all the primary and auxiliary skills that may be necessary in a given profession or career path, when developing their curriculum. While the primary or career-focused skills take precedence, including auxiliary skills, especially business and entrepreneurial skills, can lead to improved long-term outcomes for learners and organizations alike.
Here are three benefits of coupling business skills alongside career-focused education:
Ensure Students Possess Transferable Skills
While it's important to train learners on the primary skills needed for their career path, providing them with transferable skills that can be applied across a range of industries (such as entrepreneurial skills) is important to ensuring their overall career success. This is especially true with millennials, who expect to hold between 15-20 jobs in their lifetime.1 Providing a solid foundation of business skills that can be applied across a range of occupations such as managing client expectations, marketing, and creating a business plan, provides future graduates increased career mobility and transferability.
Improve Job Performance
Just because a learner isn't training for a career in business doesn't mean that they can't benefit from a solid foundation of business skills. Being able to think about the business ramifications behind a decision can help make graduates more productive and better informed employees. For instance, a graduate working in a restaurant or as a caterer will be able to look at the expected price when creating recipes, and understand how substituting ingredients might impact the profitability of a specific menu item. This understanding makes an employee more valuable, increasing long-term job security.
Prepare Learners for Self-Employed Career Pathways
According to a report from the Bureau Statistics, 15 million people, or 10.1% of the United States Workforce, were self-employed.2 While these self-employed workers are across a wide-range of industries, common self-employed professions include caterers, bookkeepers, auto repair technicians, virtual assistants, among others. Teaching foundational business and entrepreneurial skills, alongside career-specific skills, can help ensure that graduates are prepared to not only enter these career field, but can advance and plan to start their own business if desired.
There are many options for organizations to teach these invaluable skills, such as Penn Foster's recently launched Start Your Own Business certificate program. The online, self-paced program can be taken alongside Penn Foster's career focused education solutions and provides a strong background in business practices and independent contractor management skills.
By teaching business skills alongside a career-focused curriculum, organizations can improve outcomes for their learners and ensure they are positioned to succeed in their careers.
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