Friday, December 23, 2005

Personal knowledge management

SUMMARY - Your professional knowledge is your most valuable career asset. Any amount of time, money or other resources that you spend developing your knowledge, is a wise investment.

DETAILS - How would you answer this question: "What is your most valuable knowledge?"

In other words, what is it that you know which other people would really like to know, and would be willing to pay for?

Ultimately, the security of one's career (or even business) depends on how you answer that question.

Personally, I've discovered that it is very difficult to determine what knowledge of mine is most valuable to people, UNLESS I share it with people and then ask them: "What do you think? Would you pay for that knowledge? How much?"

I guess knowledge can be compared to water, whose value depends on the circumstances: if you were a man walking across a desert, then water is of great value. But if you were sitting beside a lake, and somebody passing by offered to sell you some water, well you wouldn't spend a dime on it.

So to sum up: not only you have to find your most valuable knowledge, you also have to find the kind of people who would most appreciate it (and be willing to pay for it).