What is your most valuable asset?
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Your most valuable asset doesn’t show up on your balance sheet. Your most valuable asset is your ability or capacity to perform effectively, in a word: POWER!
Your equipment, computers, business machines, buildings and vehicles are all listed on your balance sheet. There are no item descriptions on your balance sheet for the experience of your employees, the wisdom of your organization leadership or the company culture you’ve worked so hard to develop.
General Patton once said,
“Remember the French Revolution? That battle was won with brooms, sticks and stones- by a bunch of angry women. Get a determined bunch of men and women and they will win the battles no matter what the odds or what kind of equipment they use.”
Training & Development
In fact, the training and experience that develops your culture and makes your workforce so valuable are only directly tied to expenses! You have expenses for training, for research and development and for payroll. The overall return on these investments is reflected in revenue on your profit and loss statement, but the continually accruing asset of a well-trained and motivated workforce are usually only expressed in print through a few paragraphs in your annual report, business plan or brochure.
It’s sometimes too easy to cut back on training and development when budgets are strained or economic conditions are difficult. The problem is that while it takes only a decision to cut training expenses, it takes years to build a successful culture.
I’m all for cutting unnecessary or unproductive expenses. If someone isn’t producing, get rid of them. If you’ve truly isolated a wasteful expense, cut it. If you can save, do it. But be very careful when you’re cutting training.
The spirit of your company
An organization, just like an individual, has a body, mind and spirit. The body is your people. The mind is your leadership. The spirit is your culture. It takes motivation and discipline over time to develop these resources and keep them healthy and productive. Investments in these resources are essential to generate organizational POWER. Power is the organization’s capacity to perform effectively, and that’s tied directly to each individual’s ability to act effectively and that’s a product of motivation and training.
Instead of an expense, training should be listed as a tangible asset account, and one that appreciates with time!
Jim Bouchard
Dynamic Components of Personal Power
www.JimBouchard.org
800-786-8502
Mailing Address:
10 Jordan Avenue
Brunswick, Maine 04011
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Comment by Guy Cohen on 5 May 2008:
Right, and that’s the intangible valuable that nobody could steal. It’s within you and it’s up for you on how you will use it.
Comment by DanGTD on 8 May 2008:
That’s right. Your ability to earn is your most important asset. Many authors said that, the first I know of being George Classon in the classic “The Richest man in Babylon”.
Comment by Jim on 8 May 2008:
Thanks for the kind comments and the book recommendation! Our Personal Success Libraries are assets we can see.
Best thoughts!
Jim
Comment by Marc and Angel Hack Life on 9 May 2008:
KNOWLEDGE is…
Great points.
Comment by Lee on 13 May 2008:
Hi.. the most valuable asset in the mindset
Money, property, and everything can be taken away from us just like that.. but nothing can take away the way we think
~Lee
Comment by Jim on 13 May 2008:
Wow!
Thanks for all the great responses!
I try never to base my happiness on anything that can be taken away from me. That being said, every bit of knowledge, training and experience becomes a valuable asset that is mine forever.
Best thoughts,
Jim
Comment by Jeremiah - Psychic Advisor on 13 June 2008:
FATE, KARMA and FREE WILL
As is commonly known in Metaphysical circles, all future events are governed by 3 principals: Fate, Karma and Free Will.
Fate is something that is more or less set in stone. It is not negotiable. Fate is what many religious people would refer to as “God’s Will” since they perceive God’s will to be separate from their own. They often fail to see that they are extensions of the Divine - manifestations of the God within.
For a Psychic, Fate is the easiest thing for us to read. However, when hired to perform metaphysical services, Fate is unbendable.
Karma is a whole other matter entirely. Karma, contraray to recent popular belief, has little or nothing to do with morality. Rather, Karma is simply the Universal Law of cause and effect. Whatsoever you project into the Universe will be reflected right back at you.
Because the life of a Soul extends beyond the continuous cycle of physical birth and death, actions and their subsequent consequences follow you from one lifetime to the next. From a Psychic’s point of view, Karma is a often a pattern - and a rather predictable one at that. A good Psychic Advisor will understand Karmic patterns and will be able to help you to change these cycles to your advantage.
It cannot be overemphasized the importance of achieving and maintaining good Karma for leading a happy, healthy and productive life. Your Karma is like your engine - keep it clean and keep it running strong.
Bad Karma is one of the worst curses a being can endure. If you find that this is your problem, I would urge you to address it now before the cycle gets worse.
Karma is a powerful force in the trajectory of your life. Getting your Karma right is of the upmost importance in changing negative patterns and living a healthy spiritual life filled with the abundance of all that is good, positive and fulfilling.
So I’ve briefly covered Fate and Karma, but what about Free Will?
Free Will:
There are essentially two types of consciousness - Individual and Collective. The Collective is greater than the sum of all Indivial Consciousnesses. The Individual consciousness emmanates from the Collective. It is supported by the Collective, but it also informs the Collective.
What does this mean? In other words, your own state of mind affects the world around you. You have a huge amount of influence.
Although recent phenomenon in pop culture such as “The Secret” tends to exagerrate, over-simplify and become fixated on greed as the meaning of life - the main thrust, the underlying fundamental idea is actually correct. The Law of Attraction. The power of the mind, i.e. “Free Will” is so much greater than most people will ever know.
Your thoughts not only affect how you perceive reality, but how you actually create reality. Life is subject to certain factors which are outside of your control. There are Laws to the Universe. There are ways that the planet seems to be structured which are often inalterable.
But even so, the power of your mind is so potent that, in spite of so many factors and forces of opposition, you truly are The Master of Your Own Destiny.
Jeremiah - Psychic Advisor
http://www.PsychicAnswersNow.com
Comment by laptop batteries on 21 December 2008:
Great post,thanks for share
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