If you’re a typical small business owner you might wonder why you’d ever need an LMS platform. After all, on a first look, e-learning appears to be something that only educational institutions and big corporations with thousands of employees have a need for. Then again, the fact that you are reading this post shows that you’re not a typical small business owner: you want to learn more about LMS platforms and how they can assist in the success of your small business. And that’s exactly what we’re going to cover in this post.
1. Knowledge retention
The number one benefit of an LMS for a small business is knowledge retention. The term might sound fancy, but the idea is quite simple: there are lots of procedures, steps, tips and tricks in the day-to-day operation of your company. Things ranging from how to fulfil customer orders down to keeping your website running or how to deal with inventory.
If your small business is like most companies, each of those tasks is handled by one employee (two tops), which means that that, if that employee moves on, quits or gets fired, there will be a disruption in your businesses operation while somebody else picks up their tasks and learns how to do them properly. Any money/time saving tricks the ex-employees have discovered while doing their job might even get lost altogether.