Budgeting for and pricing training services
These pointers are suggested in budgeting for and pricing training services: Budget for training at the start of the fiscal year, averaging 10 percent of gross sales. See training as an investment (short term and long term), not to be short-changed. Every size of business needs training. The company that makes the small investment on the front end (training) saves higher costs. Research shows that training investments foregone are multiplied six-fold in opportunity costs each year that action is put off. (This is another of my trademarked concepts, known as…
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