Originally written by Tim Vorley on Small Business
You don’t necessarily need a business degree to run a business. There are 5.9 million SMEs across the UK, with many learning on the job and doing well.
While there is no substitute for real-world experience, the UK’s business schools can offer a lot of practical insight and support on everything from starting up to scaling. This goes beyond the degrees they offer, to the broader way they work with local businesses.
Many business owners just don’t have the bandwidth, or the money, to juggle studying for a business degree alongside their business.
One thing that we say time and again is that it is important to take a step back from working “in” the business, to working “on” the business. This is something that few owner/managers can do easily, but it makes all the difference in being able to see the wood from the trees.
There are a host of areas that business school academics have conducted research into, which can help small businesses fine tune their growth strategy.
>See also: How to get 1,000 followers on your small business Instagram
Here are some 5 top tips from one of Britain’s best business schools:
#1 – Innovate but not