Saturday, May 21, 2011

What is your value in cash?

You are trying to create a value for others. What makes you think that what you are creating is really valuable?

What people are able to give up for your value? What if you are wrong at your value estimation? What if your activity is not needed for people? How to measure value which we bring to the world?
Stop. Here is the crucial moment.
We must always consider the difference between “the value for the world” and “the value for the definite group of people”. We can bring value by contributing to the science progress or by helping some criminals to make their dirty business. But in the first case we help to create a better world and in the second we help to make harm to it. However we create value whether it is good or bad for humanity.   

So here we consider only the value which we bring to the definite people and not to the whole world. When we realize such conditions the estimation of our value contribution becomes easier.

My point is that one of the important indexes of your usefulness to society your target audience is the money which they give you in return for your value. People are often ready to pay for the things they really need. The payment for your value can be a real proof of the right direction of your activity.

Of course money can’t be an absolute criterion of value and sometimes not even essential one. If you saved someone’s life would you measure it in money? Or you can give something to a person just because you want to make a good deed. And surely a big income is not an ultimate proof of the usefulness (what is the usefulness of rich heirs or bribetakers?). Here we speak about the income provided by your activity in value creation.

I suppose we can use our income as one of the most important indicators of our success in value creation.  

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