How do you create value?
Greetings Reader,
Over the weekend I had some good conversations with friends. The chat was about how money is earned.
Money is the result of value created. We all have heard about it one way or another.
Now the question is: how do you create value?
Value is only created when a problem gets solved. It can be a big problem like an emergency room in the hospital or maybe a little one like a mint when we just ate garlic.
One part that we often forget is that money only gets transferred, when people are interested or willing to spend money and most importantly you need to have the money to spend in the first place.
This is also where we get to a social issue. Sometimes people need help, want help, but can’t afford it.
There is value created that gets shared, given with no money being exchanged. This is the big difference between charity and business.
The real challenge for us business owners is to find the balance.
We are in a unique place, because we understand value creation. Yet we are in the split: We love helping people and we also need to provide for our family as well.
I hear so many people online saying, you need to go upstream. You need to optimize for money. Who can pay you more?
What I have learned painfully, is when your calling is to help broke people. Then find a way for cash flow to make it happen either way.
Focus on value creation and cash flow. It’s not about more money, but more value creation.
That’s all I got for today.
Yours in Stewardship
Jowi
PS: Are you looking to grow faster, then book a free 15min Call with me. I’ll help you find Clarity quick.
