Thursday, July 14, 2005

Increase Your Value

Before you can increase your value you should know what your value is. Most people can easily tell you the value of their house, furniture or car.

But they would struggle to tell you their personal value. This problem is compounded because the industrial economy is now fast changing over to a knowledge economy.

Up to now we have sold our time in exchange for a fixed income to earn a living wage. We accept our income often decided by our employers to be our value.

This is dramatically changing with the advent of the internet and the information age. A small team of programmers working from a garage can develop a software that can generate millions of dollars of revenue.

The value of such knowledge workers isn’t based on the time they put in. In the knowledge economy before you sell anything you need to sell yourself. You need to know what you are good at and what ideas you have.

Once you know the impact of the work you contribute, you can decide how to share in the value they create.

You take responsibility for your personal value and carry on a lifelong learning process. You can treat yourself as a business trading in the open market.

Thus the value of your service will depend on the supply and demand for such service.

Understand the value of your knowledge and market it so that you have maximum revenue and the satisfaction of realizing your highest potential.

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