Rule #1: Save Money.

Business Must Run!

Want to keep your job? Start by learning Rule #1. SAVE MONEY.💲 Because business must run!

Before we get into anything about employee growth we absolutely MUST talk about the basics for every single role in the business ecosystem that are very much UNSAID.

🔊TRUTH: You are hired to save money or make money. Ideally both. 

If you interpret this as nobody caring about you, that's not what I said.

What I said: Businesses can only keep you employed when you either make money (ideally 5x more than you cost to the business) or when you save money with the work you propose.

So, no matter how good you are at your job, you better learn how to calculate how much you really cost the business and defend it during your next project proposal.

Let's look at my old teams example: Learning and Development (L&D) Team

Typical structure in North America for a team of 200 employees:

💲1 L&D manager + Instructional Designers employment taxes, perks, benefits =500k

💲Add L&D tools average annual cost = 50-100k

💲Add 1 course development cost before AI:

Employee salary + Videographer + LMS + extra tools = $30k per course (not even adding translations to other languages).

Clearly, employee training development is EXPENSIVE and extremely long process.

Make money, save money, make money....aaa! What exactly to do? 

I like to use example of "Rich Dad, Poor Dad" (Robert T. Kiyosaki)

Poor Dad (focuses on saving money):

🧐Strategy: Only do critical compliance courses, cut salaries of trainers, get rid of most tools

🧐Outcome: Lost jobs, no clear results from training, cheap or no tools to deliver training and measure results, poor retention and culture

Rich Dad (focuses on making money):

✅Strategy: Invest into the right tools

✅Outcomes: Improved revenue, reduced turnover, more time for trainers for coaching

It's time to change!

Benefits of AI Era:

🤖Tools like Bonzai AI let you create complete courses 40X faster (from 1-3 month to 15 min) with only ONE tool.

🤖Cost per course can go down to as low as $50-100 & potentially better quality than before.

Benefits for you:

✔ Low costs are questioned less by C-level executives compared to high costs.

✔Training can be delivered the same day the need arises, potentially increasing revenue and security of your role immediately.

Retention truth: Many people quit due to repetitive, boring work. Faster, effective training can reduce this.

😒 Personal example: I quit twice from being tired of creating and delivering the same courses for 8 months in a row. Witnessed many people quitting because there was no right training in place and they didn't want to wait up to 3 years for it.

Who are you?

🤑 Are you a "Poor Dad" or a "Rich Dad"?

You can apply this formula to all roles and departments. Be honest with yourself and your direct reports on this.

Regardless of your approach, remember: Businesses must run, and you have to learn how to impact revenue and spending.

Welcome to the Wild Wild West! 😉 

#ai