Olurotimi Odejayi
The word “value” (in economics), means “a measure of the benefit that an economic actor can gain from either a good or service.” Source is at http://en.wikipedia.org/wiki/value. That is, a fair return or equivalent in goods, services, or money for something exchanged. The topic means that it is expedient for the youth to exchange the societal needed values for the corresponding payments in cash. Simply put, I give value and I am paid back in turn.
The Beginning is “the trade by batter” concept
The real essence of living is for man to fulfill purpose and this is possible through a proper understanding of how life works. One major principle is the truism that “Nothing ventured, nothing gained, and something ventured, something gained.” And this is possible when you give up your expertise for an exchange for cash. This all started during the Agriculture Age wherein you exchange agricultural products (Crops and farm animal) for benefiting from gained utility. The word utility means “the satisfaction you derive from the economic value of a good or and service consumed”. What people pay for is the value they derive from using a product, goods as well as services experts render. This is the 21st century, when you no longer practise trade by batter concept, what is obtainable today is the Trading Value Concept. This concept advocates the idea that you give-up your acquired skill in exchange for money. It is your skill that dictates what economic value employers of labour will place on you. You will be well remunerated if you have the value to trade off. What then is skill? The word skill here means “your ability to do something well.” The simple formula, Skill equals to Knowledge plus Ability, is a good example.
You can acquire relevant skill through any of these nine ways:
- Practise personal development.
- Master a field of specialization only.
- Undergoing trainings in your field e.g. go for internship programme.
- Amassing many years of working experiences in a field of endeavour.
- Network with other professionals for knowledge sharing.
- Acquire relevant professional certification(s) in your field.
- Update your knowledge via reading, practising, mentoring, creativity, e.t.c.
- Teach others whatever you know.
- Embrace innovation in your business.
- Dare to do critical thinking.
The Conclusion is: Continue reading “Skill Matters: Life Trading Values, By Olurotimi Odejayi”
