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Dec12
Why Do They Give You Money?

At lunch today, a friend, Steve, told me that his ten-year-old daughter has recently focused on an interesting question, asking just about anyone who'll answer--or who might not--"Why do they give you money?"

The ten-year-old is a successful entrepreneur in her own right--she is among the top sales reps for Girl Scout cookies in the state and several years ago started her own business selling water at the Salt Lake Farmer's market in the summer.

girlSteve was intending simply to point out how insightful the question is, and I agree that it is, but I was left wondering, "Why do they give me money?"

Why do my clients give me money? 

Why do "they" give you money?  Why does your boss pay you?  Why do your clients give you money?  Why do your customers give you money?  Why do your investors give you money?

I suggest we better be able to answer these questions, don't you think?

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4 Comments/Trackbacks




Economically speaking, "they" give me money because of supply and demand. My employer has a need and I am able to supply a solution. My price is based on willingness to pay.

That is certainly a relevant summary of macroeconomics. I found the child's question to be somewhat more stimulating at a personal level. Other ways of asking the question might be: What is my value proposition? What have I done for my clients (employer) lately? Am I worth what I'm paid? Could I do something else that would cause my clients (employer) to give me more money and make them (it) even happier?

ddt

In Tom Wolfe's The Bonfire of the Vanities the main character is a bond salesman on Wall Street. When his young daughter, Campbell McCoy, asks what he does at his job (perhaps with curiosity towards why he makes so much money), he fumbles with attempted explanations that never satisfy her. Adding insult to injury, family members laugh and poke fun at him while witnessing the event. Thus, I think of questions such as those in your post as the "Campbell McCoy" test.

Now that's a comment!

Four out of four stars!

ddt

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