Wednesday, March 09, 2005

Personal Stock Price

I've been thinking about the ups and downs that can happen at any job and evaluating my own situation. Thinking about it deeply you might draw the same conclusion that I and others have drawn: that is that you need to honestly assess whether your professional value is on the rise or on the decline, like a stock price. This goes along with #8 below.

You need to evaluate the "value market" at your organization. Is it fickle? Is it tolerant of highs and lows in your stock price? Figure out what price levels you think your boss can't stand. He might just have a limit order to get rid of you at certain price. If you are lucky, he might take the opportunity to invest more heavily in you through training and mentoring if your price is low, if he is confident that you are a good buy.

Like real markets, your actual price is always fluctuating, and that's a good thing. Every event, project, success, failure, or communication can have an effect on your stock price. I would also submit that there are dishonest things that people do all the time to inflate their price, like taking undue credit or diminishing another's value. This is not a good long term strategy. It will catch up to you and then you will get de-listed. Try to build honest value.

1 Comments:

Blogger Steve Fulling said...

Dave, I too have thought much about this. Moreover, I've often thought it would be great if I could buy stock in people...literally. Imagine if you located somebody like Bill Gates early, you bought $10k worth of his stock (he uses it to fund a company or college), you'd be bank today!!

--sf

4:27 PM  

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