I see so much these days claiming the value you provide determines how much you earn. Facebook is a great repository of this ‘wisdom’.
It’s total BS.
Mother Theresa. Nelson Mandela. Ghandi. Massive value, low remuneration.
Remuneration = ((Value provided/Desirability) x Difficulty) x Strategy
If you want to earn more, yes you need to provide massive vale, but the more undesirable the work is and the harder it is will also determine what you earn, and finally you need to be strategic about it.
Consider Richie Macaw.
He provided New Zealand massive value. Tick.
His job was very desirable. Cross.
His job was very difficult. Tick.
He played rugby. Tick in the New Zealand context, cross in the world context.
Compare him to Steven Adams who chose basketball and will be earning twenty time what Richie earned.
Remember, it’s not just about value, that’s a fool’s way of looking at remuneration.
Recently I had an interaction with someone in a business I own.
Recently we were making a major decision in MedRecruit for a very important leadership role in the recruitment team.
If you go to almost any personal development or business seminar, the presenters will share stories of failure leading to triumph.
It’s not a shop, it’s not online, it’s not Amazon or eBay or Trademe.
Survival isn’t necessary.
Is it meeting specification?
“You don’t choose the life of being an entrepreneur, it chooses you,” is something I found myself saying to a young entrepreneur the other day.
Dissatisfaction is a common state for entrepreneurs.
Fear of failure is a common reason many people don’t start things.
Failure is inevitable.