Money for schoolHow would you like to go to money school where they train you how to create wealth? Imagine going in, and coming out being able to run a big company. Does it sound far-fetched? Not really. Money schools are all around you.

If you owned a big company, would you let someone just out of school run your company? That would be silly, wouldn’t it. Even if they were brilliant and came out of college with straight A’s, you’d still have to put them through your own corporate training program. That is really where the money school is.

Most new hires see the additional training as a burden. But corporations look at it as their money school. When you graduate from that, you’re ready to start serving and that leads to creating wealth for the company and for you.

This is an old concept. We see it in the Bible too. In the book of Daniel, we’re told that Daniel and his friends, who was educated in the best school in their country had to go for three years of corporate training:

The king assigned them a daily amount of food and wine from the king’s table. They were to be trained for three years, and after that they were to enter the king’s service. Daniel 1:5 (NIV)

What is the purpose of the corporate training? Basically, it is to unlearn all the formal training you had up until that point.

Huh? You have to unlearn everything that you were taught in school? Yep. That’s right. Most of it anyway.

What they teach you in school is how to run company using a standard business formula that the professors think might work. For example, they might teach you how companies like Wal-Mart are run. Drive down prices, and you’ll increase the number of customers that pour through your doors.

What they fail to tell you is that only one company can use any given business plan. When the next company tries to use it, they will fail. That’s why there is only one Wal-Mart, one Disney, and one Southwest Airlines.

Corporate training may seem boring. But the company looks at is as the money school. They have developed a business plan that generates money, and they want to make sure that you buy into that plan. They are evaluating you every step of the way to see if you really do buy into it. If you do, you’ll get promoted and rise up in the ranks. If you don’t, then you’ll stagnate and eventually you’ll probably look for a different company to work for.

From the verse above, we can get the hint that all the new employees are being evaluated. They had to get through those three years of training before they were even granted access to the king. In a way, it reminds me of that TV show called “Undercover Boss.” In every episode, the employees are stunned to find out that they worked side-by-side next to the CEO of the company. They should be surprised! They haven’t completed enough of the corporate money school in order to be qualified to see the CEO on a daily basis.

How about if you own your own company; do you have a money school for your employees? You don’t call it “corporate training” do you? If so, you need to change the name to “money school” right away. Because that is what the whole purpose is, to train your people to make money for the company and for themselves.

What do you teach in your money school? Do you teach how your company is different from your competitors? If you don’t, you’ll be setting yourself up for failure. If your company is still new, it is time to start putting the curriculum together for your money school right away. It will make a huge difference.

Your money school is another one of the ways to make money, God’s way.

My question for you today is what are at least two things you drive into your employees that makes your company different and makes you money?

Photo Credit

Scripture taken from the HOLY BIBLE, NEW INTERNATIONAL VERSION®. Copyright © 1973, 1978, 1984 Biblica. Used by permission of Zondervan. All rights reserved.

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7 Responses to “Money School: The Wealth Training Academy”

  1. Hi Tim,

    What a wonderfully woven together post. As soon as you mentioned “money school” and corporate training programs, I did think of the citation in the Book of Daniel about how he and others were selected to be in the King’s school. Not only is a corporate training great experience for learning really how to make money not just what a professor is teaching you, it is also an honor to be chosen, is it not?

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  2. The company money school is so important to help employees understand how the company does business, treats its customers, evaluates its staff…. Without it there can be confusion.

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  3. My sister opened a business with no college education, no business training and no experience working in the type of store she wanted to open. I think it lasted a year or two before she went out of business. Any training is helpful in some way.

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  4. Rob Northrup says:

    What is amazing is how few employees realize that they are hired to make more money for the company than they cost the company…

    If every employer did nothing more than to drill this into the heads of their employees, there would be fewer surprises…

    Seize the Day,

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  5. The Money School would be great for the companies that actually know what they are doing.

    Unfortunatley, I know a lot of companies that only know one way to do things & that one way quickly is becoming obsolete in today’s information age.

    The Success Secrets

  6. michael says:

    I have had a few businesses – past tense.

    I felt bad about myself because i coudln’t get the employess to buy into the fact that if they do better we all do better.

    Money school is an interesting topic, though.

    I like how you pointed out how only one buisness model works for only one company but so many people try to duplicate it.