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Takeaway #39 Fair Market Valuation lessons from Ms. Lauryn Hill

Don’t be a hard rock, when you really are a gem,

Baby girl!  Respect is just the minimum . ..

How you gonna win, when you ain’t right within?!

Ms. Lauryn HillDoo Wop (That Thing)

You have value.  The market will tell you what your value is on occasion.  However, you ultimately determine the value, deciding whether or not the market has accurately met your expectations.  In the film Jerry McGuire, the star athlete’s wife reminds him at the time of salary negotiation, “We determine our worth.”  It is a brilliant statement that simply says the person in question is the ultimate arbiter of weather market expectations have been met and whether a bid should be accepted or whether a “no” or “yes” should be given.  Many times, agents lose track of that.   If people keep telling you that your skill set is worth 2x and you think it is worth 4x, you ultimately do not have to accept 2x.  You can pull your self of the market until the market recognizes that you are 4x.  Self Respect and recognition of that self worth is the first step having others recognize that value in you.

Now you cannot win if “you ain’t right within.”  The first step in correct valuation of self is looking inside.  In that process you must truly acknowledge your weaknesses and areas for improvement.  You must be willing to honestly assess and correct any deficiency.  Again, you are the only person that can do this.  Accordingly, you control the market’s ability to value your worth in that market.

 BPM TAKEAWAY#39:

  • DETERMINE YOU WORTH FIRST THEN ASK THE MARKET

  • DO AN HONEST SELF ASSESSMENT PERIODICALLY

About codemizell

The Beats Per Management collective (“The BPM”) is curator for C.O.D.E Mizell and supports the repurposing of hip hop content for professional success. BPM consists of former Hip Hop junkies now living in the corporate world. BPM members carried milk crates of 12” records when “bpm” used to mean beats-per-minute for mixing music, now BPM members focus on Excel spreadsheets, legal briefs, power points, whiteboard-scribbling and business plans. BPM cannot shake the instant recall of Hip Hop lyrics. The good news is that BPM realized that these lyrics had application to its daily management concerns. BPM does not claim to have captured the true artist intent in its lyrical analysis, BPM seeks only to celebrate the role that hype-lyrics can play in the daily grind to get business done in the corporate world. This is not a glorification of urban pop-culture or a debate on the poetic merits of rap, we leave that to the literary critics and socio-political commentators. If you disagree with BPM send us your spin on the lyrics. We have an open mind, and hope you do. The “BPM Takeaways” dispense reminders for your business day. Hopefully, the next time a referenced-cut is heard on the radio, it will trigger your “Takeaway” and not just flashbacks to the music video. A quote-a-day will make you a better executive. BPM hopes to keep all advice short and to the point – Executive Summary Style. Technically the lyrics are “raps” and the culture of the genre is “hip hop” but lets not get overly technical -- substance not form that controls here. The point is you are putting that untapped knowledge to use. And to think they said that Hip-Hop would get you nowhere…puhhleasse. -Roscoe Waxx for BPM

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