A wise man once said: “Don’t reinvent the  wheel."

What he meant of course was do not waste your time reinventing a device or procedure that already exists.

This same principle can be applied to running a business. Don’t reinvent processes that already exist to help you run your business more efficiently and profitably. That is why business schools are so popular. They teach the things we as a civilization have already thought of as it relates to running a successful business.

When you avail yourself of a university education and graduate with a Bachelor of Science or Masters degree in a business regimen, you ensure that you will have the best information at your disposal when you need it.

The “Rub”

Unfortunately, this philosophy breaks down on the real world level. Most people who have a small to medium sized business are unable to take the time and significant income away from their business to go to college. So what can they do?

“Rent the education you need”

Leasing a vehicle is a very popular way to have a fine automobile today. Many people take advantage of their good credit and “Lease or Rent” the portion of the vehicle they need.

The same idea works for most small and medium sized businesses as well. Rent the education from someone who already has it and use as much or as little as you need.