logo

The Value of your Knowledge, Skills and Experiences

Knowledge Center

Knowledge and Intangibles Management

Translatemore

Forum
6
Saskia Constantinou
Journalist, Cyprus

The Value of your Knowledge, Skills and Experiences

How much are my knowledge, skills and experiences worth?
This question was prompted today by a musician who requested and expected free marketing services for a concert. When he finally got an approximate budget it was: 50.

This made me question whether one should then reply diplomatically or honestly. As Thomas Paine said, "He who dares not offend cannot be honest".

This brings about the question of fees and worth. It's not too much of a science that one must take time spent, overheads, and the target market into account. The more difficult aspect is valuing one's own worth which is far more complicated. After many years, I have come to realise that when one does not charge ones worth, it impacts everything from life/work balance, to finances and most of all, self-worth. A vicious circle.

Following research on how to approach this sensitive subject, I came across this formula:

UV + CV + DF = CW

It's not as complicated as it looks Understanding Value, plus Communicating that Value plus Discussing Fees equals Charging what you're Worth.

I found the first step the most difficult as it is something I took for granted my numerous professional qualifications, continued development and experience in putting everything into practice. After many years, one works automatically and with all the knowledge in ones head. Experience too, is extremely valuable. When I think of my first day in the orchestra or behind the microphone, and what I offer now after 17 years, the contribution is much higher.

There is also the adage that the better you get at your work, the less time it takes you. Does that mean you should charge less? That is simply not logical! Self-worth is at the heart of everything we do, and directs our behaviour.

It's important to redirect clients who are overly price-focused to see your value. Once this is understood, the price quoted will seem low in comparison. But you have to be comfortable discussing money. I recommend you examine and reflect your thoughts and beliefs about it, otherwise it will be difficult if not impossible to charge your real worth.

 

More on Knowledge and Intangibles Management:
Methods, Models and Theories
Discussion Topics
topic Recognize/Reward People that are Sharing Knowledge
topic Importance of Knowledge Management. Value for Organizations
topic Knowledge Capturing Process and Methods
topic Is Business Education Useful?
topic Conditions for Knowledge Management
topic Definition of Knowledge Management (KM)
topic Implementation of Knowledge Management. Roadmap and Steps
topic Knowledge Management Still Remains a Victim of Technology
topic Business Schools and MBA - Value, PROs and CONs
🔥 Learning Effectively: Dale's Cone of Experience (Pyramid of Learning)
topic Communities of Practice
topic DICK and DICKS concept by Anand
topic Knowledge Management in the Public Sector
topic From Knowing to Finding and Using Information
topic Wisdom Management: Can Wisdom be Managed?
topic Education and Learning Without a Degree
topic Are Current Education Systems Stifling Initiative?
topic How to Make a Person Really Learn?
topic Knowledge Sharing in Projects
topic Sharing Environments in Knowledge Management
topic Imagination and Knowledge
topic Does Education Lead to People Becoming more Selfish?
👀The Value of your Knowledge, Skills and Experiences


top

More on Knowledge and Intangibles Management:
Methods, Models and Theories
Discussion Topics
topic Recognize/Reward People that are Sharing Knowledge
topic Importance of Knowledge Management. Value for Organizations
topic Knowledge Capturing Process and Methods
topic Is Business Education Useful?
topic Conditions for Knowledge Management
topic Definition of Knowledge Management (KM)
topic Implementation of Knowledge Management. Roadmap and Steps
topic Knowledge Management Still Remains a Victim of Technology
topic Business Schools and MBA - Value, PROs and CONs
🔥 Learning Effectively: Dale's Cone of Experience (Pyramid of Learning)
topic Communities of Practice
topic DICK and DICKS concept by Anand
topic Knowledge Management in the Public Sector
topic From Knowing to Finding and Using Information
topic Wisdom Management: Can Wisdom be Managed?
topic Education and Learning Without a Degree
topic Are Current Education Systems Stifling Initiative?
topic How to Make a Person Really Learn?
topic Knowledge Sharing in Projects
topic Sharing Environments in Knowledge Management
topic Imagination and Knowledge
topic Does Education Lead to People Becoming more Selfish?
👀The Value of your Knowledge, Skills and Experiences
Knowledge Center

Knowledge and Intangibles Management



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2023 12manage - The Executive Fast Track. V16.3 - Last updated: 23-9-2023. All names of their owners.




12manage is looking for BA/MBA students. More info.