Secret understanding of knowledge vs intellectual capital

Most professionals cannot become rich UNLESS they make the switch from being someone who "applies knowledge" to someone who "designs intellectual capital."

A knowledge applier can be anyone, from the minimum-wage teenage hamburger flipper to the $400-an-hour management consultant.

The critical difference is that the consultant is actually creating intellectual capital (K$) as he works on a client case. This K$ can be in various forms: new methodologies, new ways of working or thinking, new solutions (which can be partly reused to serve a future similar client in a similar industry facing a similar problem).

But what's the difference between "knowledge" and "intellectual capital"?

Knowledge is gun powder: potentially powerful, but presently useless.

Intellectual capital is ammunition: powerful, but useless without a gun.

Structural capital (procedures, systems, methodologies, etc.) is a weapons system: powerful, but useless without ammunition.

(to be continued)