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"There is no such thing as absolute value in this world. You can only estimate what a thing is worth to you."

Charles Dudley Warner 1829-1900, American writer

Having just come off a grueling job, I've forced myself to evaluate our company's time, expertise and the concept of worth. It led me to explore [on a personal level] what my priorities are and more importantly, my concept of "worth". Mixed in this blog, you'll read a bit of the Pareto Principle (80/20 rule), and nine rules to conducting an effective Post-Mortem.  As an optimist, I can always find the silver lining in any dark sky, and sometimes it's the smaller lessons  that we learn from that save us from larger, more costly errors.

It's easier to say "yes" or "no" when you understand your own definition of "worth". For some, driving an expensive, fancy car is "worth" it though they live in an apartment. [Be careful not to use the word sacrifice instead of worth-they are NOT the same conversation]. An Ivy League education is worth the cost (money and time) for some, and not for others. And maybe, as it applies to business, it's "worth" taking on a project that may not be as profitable because it has panache, or perhaps you'll learn a new skill, or get press coverage where the exposure has its own "worth". We face the concept of "worth" everyday, but often fail to recognize the process of our decisions around it.

Look at some of the things we say such as "I'd give my an arm and a leg" – Really? I don't think so. Other than sparing the lives of my family, [and assuming I don’t live in the middle of a war-torn country, starvation etc.] I can't imagine very much else being "worth" an arm and a leg. How about a "picture is "worth" a thousand words". I think Vincent Van Gogh, who died alone and in debt would disagree, so would Sotheby's which as auctioned his paintings in the hundreds of millions reaping a fine profit.

Joanneredwood, Your links have been removed, please consider upgrading to premium membership.

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