what's your worth?

“The key to this joint, the key to staying on top of things is treat everything like it's your first project. Like it's your first day like back when you [were] an intern…like, that's how you try to treat things like, just stay hungry.” – Notorious B.I.G.

I heard this quote for the first time on Jay-Zs “My 1st Song” track and it obviously resonated with me.  As I’m navigating through the web of being an entrepreneur, I face numerous challenges.  The two that stand out the most for me at least in this point in time are:

  1. staying motivated and hungry – every single day
  2. determining what my time is worth

...and I believe these two go hand-in-hand.

If you were to do a certain task – and get paid to do so – how much would this project be worth? This may be a simple answer for someone who is contract based or is a freelancer, but not many people may think along these terms, especially those working in a salary-based paid position.

I can honestly say that this never crossed my mind while working with my previous employer.  Yes, I worked hard, yes, I finished projects within a deadline, but I never really thought about the breakdown of what my time is worth based off of each project I did.  I remember there were times when a specific task would take me hours to do and I had wished there was a way to outsource the work, but I never put a price tag on it.  I thought in terms of – how could I complete the most amount of work as quickly as possible.

Figuring out how much time I spend on research, program design, phone calls, coaching, etc. is all relevant to how much I charge.  When there’s no fixed or guaranteed income (re: salary) I should be more motivated to do the work.  Unfortunately, I’ve created a habit from the past that has been difficult to break. The good news? If I don’t break this habit, no one wins.