What is it worth?

Find out how much is worth.

This can help in two ways.

If it’s internal it helps you to prioritize and focus on doing the most impactful things.

If it’s for a client it helps you set a price as a fraction of that value.

That’s not always easy, but it’s worth it.

Problem is people don’t even try.

Here’s what you can do.

Break it down into spefic measurable outcomes like increased sales, time saved or reduced costs.

Then assign a reasonable estimate to each. Like 10% increase in sales or a 15 hour reduction in manual work per month due to automation.

Multiply by the monatery worth (sales, cost of labor, cloud costs).

Now you’re working with a number. Perhaps it’s a probability.

But it´s better than gut feeling.

Try it out the next time you need to decide what to focus on and let me know how it went.

Yours,

Taj