5 Tips for Training on a Budget

Form a training "co-op." The American Society for Training and Development suggests teaming up with other companies to offer courses.

Take advantage of training offered by the manufacturers of equipment that you buy. Have training included in the purchase agreement.

Find out if your employees can take part in training programs that major customers have for their own employees.

Encourage employees to participate in educational opportunities offered by their unions or professional associations.

Train one employee to train others. ASTD suggests sending one employee for training and sharing what he or she learns with the rest of your staff.