As a small business owner, you’re always looking for opportunities to grow your company.

But as the leader at the helm of your proverbial ship, your growth is crucial to the development of your business. It’s easy to neglect your own needs when you’re managing those of a business, but by actively furthering your own development, you’ll be empowered to pioneer innovation and expansion.

With that in mind, these are just three powerful opportunities for personal development that will enhance not only your own approach but your business too.

1. Set targets

Direction is crucial to ambition.

That’s why it’s a good idea to set measurable goals to place your achievements within reach and map out a plan to get there.

These targets may relate to sales, productivity or hiring – a great way to measure company expansion – but having something to aim for makes it easier to set out your direction in the here-and-now. Once your targets are set, you can begin to plan for the future and put steps in place to decide how you’ll reach that next stage.

2. Online learning

Education is a valuable tool in any walk of life.

But with the working schedule of the small business owners, your time is an equally precious resource that often doesn’t allow for other pursuits.

But with an online degree, you’re able to set your own study schedule. For instance, a Master of Business Administration from ARU will enable you to enhance your business abilities through distance learning, offering a flexible format for development.

Learning new skills will give you fresh inspiration and the tools to pursue your business goals.

3. Team building

As the saying goes, no man is an island.

And though you are at the heart of your business, your team are vital in its day-to-day operation.

Moreover, good staff are hard to find, and a reliable team is a worthy investment, so it’s worth putting work in to keep them around. Put time and effort into your team-building tactics, and foster a company culture that gives your staff a positive attitude in the workplace – give them no reason to leave, and you’ll minimise the risk of having to replace them.

Company culture means building a team spirit, offering training and incentives and maintaining regular check-ins with their staff to monitor their job satisfaction.

You’ll feel the benefit of having a tight-knit team – though it’s always important to maintain professional relationships with your staff, creating positive working relationships and a company culture that puts personal development at its core by encouraging open communication will help keep your team happy in their roles.

These are just three fantastic personal development opportunities that will help to enhance your business.

How do you make personal development a part of your business for you and your team? Let us know in the comments below.