Understanding Your True Value

“There are no secrets to success. It is the result of preparation, hard work, and learning from failure.”

-Colin Powell

Knowing your worth as a company or business is essential in more ways than one. It is of course necessary in deciding the direction and future plans of your business. With accurate evaluation of your assets, personnel, and general resources, one can best determine its ability for potential growth. With this knowledge in mind, a company can best plan for both its present and future. In discovering this your worth on a larger scale, one might first try to determine your value as an individual. Understanding your own worth can greatly enhance your ability to operate in an efficient and fruitful manner.

It’s important first to realize what you have already contributed because at the end of the day, it is tough to argue with solid data and metrics that reflect your positive performance. Knowing this information will also help you understand what you may be able to contribute in the future. With numbers in hand, you may be able to see that you can perform more efficiently or provide greater output.

In evaluating yourself honestly, you may also realize your faults or deficiencies in certain areas. Honesty is important in these parts, because if problems are not addressed, they will continue to negatively affect you and your company as a whole in the future. Addressing your weaknesses should be a positive and communal experience and should ultimately result in a better overall mindset and sense of self-worth for all those involved. This sort of evaluation shouldn’t stop once problems are initially addressed however, for it is important to frequently evaluate your workflow and see how changing circumstances can benefit you rather than hinder you.

Communication is essential in understanding and defining worth, especially when going from individual worth to larger company-wide worth. When everyone has a clear understanding of their own value as part of the company and is able to communicate that with other employees, then your able to best define your businesses value as a whole.

 

Kelly D. Scott
Chairman/CEO
The world’s leading business advisory and executive coaching organization