Human Capital

As winter fast approaches and we busily squirrel our nuts away pause to reflect on the most valuable things in your life. What is the one thing that makes your life flow smoothly from one day to the next: YOU. You are the most valuable thing you have. You are more valuable than your house, your job, or your portfolio. If you lost your house, could you build another?? Oh yes. Through the dotcom boom, the real estate boom, oil market boom, the rapid expansion of economies in India and Chinga and the financial market ...ah... explosion, there has been more cash wealth created than ever before in human history. This great growth period has created labour shortages in every industry. For the first time ever, in general market metrics, there is more money than people!

From Geoff Colvin's Fortune article "Firms need good people, more than good people need firms." This is a time of great leverage for the life long learner. If you created within a firm make a list of ways you could add more value to the organization. If you work on your own, add value to your operations by learning something new about your business every day.

Take some time each day to read, research or develop new business. As you increase your human capital your return on financial capital will increase. It still takes money to make money but you can go alot further with less these days. Human capital is still a means to the financial capital end. If you have ever tried to pay your bar tab with human capital, I trust you would agree.

Dugan Selkirk
President
Fife Group BDS
www.DestinationBillion.com