21st June 2010
MONEY
"Execution is the reward, not the money - money is just the by-product of perfect execution."
Jeffrey Gitomer
We need money and without money we cannot even ensure basic comforts in life. The question is how much money we need and how much we have. The gap is accounted by the value we create to others by our time. If we create more value, we get more value for money. If we create less, we get less money! Isn't it a simple common sense?
We have to understand that our time has a commercial value like any product or a service has a commercial value. When we buy a computer, we come to know there is a price range. The entry level of a computer can execute only a limited range of tasks. Its processing speed will be low and the technology used also will be lower end. If we have a high value project, we buy a computer which can help our project execution. We will not mind the price of the computer. We take into account the return on investment.
So is our time. We have to `market' our time and the `purchaser' of our time will take into account the return on investment. In any project, there are two investments: investment of money and investment of time. No one will invest on a project which offers very little return.
Frankly ask this question and answer honestly: If I resign my job today, will I get another job at the same salary or higher or lesser salary? Will my employer get another replacement for the same, higher or lower salary?
The answer to the above question is an index of the commercial value of your time!
N C Sridharan
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