Profit and Loss – a much abused words in English. The first thing that strikes to mind is a business transaction. If I dis-associate them and then look at profit separately and loss separately, they carry wide variety of meanings under wide variety of situations. We know that, so what? Wait till i throw few curve balls on this.
Let’s say there is a loss. It could then be associated not just with losing money in a business transaction, but also with losing something valuable that we already own. Sometimes these things we own may become an expensive item as it ages or becomes rare, with one exception – the skills that you mastered some 10+ years back! They become rare but do not become an expensive skill that is sought after. There you go – the first one.
Let’s say I have few basic skills. I can read, write, and, do the math. Does it make me money? Absolutely not! It just opens the door for the possibilities to make money. When you get in the door, you are not making a profit on what you have as a skill, but your efforts of making money with the skills you have to get you some money – which is not a profit money but an earned money. It could be the profit money if the money you made covers the money you spent on to acquire the skill. So decide. Do you want to make profit money or be satisfied with earned money from your skill? There you go – the second.
In essence, you have a skill, you can earn money. If you produce something out of that skill you are opening the doors to make a profit on the things that you produced with your skill. What you have must be bought by someone else. To do that you have to get the buyer to trust you or trust what you have produced. Your skills without the associated trust is worthless. Instead of making a profit, you end up making a loss because of distrust or mistrust.
So the important thing to learn is to learn something in the Trust dimension first, even before starting acquiring all those skills. Visit qtime.ajjampur.com to know more.
So skills plus trust is profit because it is valued, skills minus trust is loss, because it is worthless. My final curve ball!