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.
On Monday I attended the funeral of a good friend of mine from medical school, Andy Greer. He died suddenly while working a shift at Christchurch Hospital. He was 40.
Don’t get me wrong, I’m not one of these people who loves failure.
Challenges are a daily phenomenon for the entrepreneur.
Heaven is not wanting to be anywhere else.
That brings out our best.
We’ve all heard the statement, the ends justifies the means.
If you want to do anything extraordinary, it’s likely that you’re going to need to break some rules.
Sometimes, I don’t have anything to add.