How Much is Your Reputation Worth?

Reputation missteps cost people their careers and can take down businesses. Don’t believe that? Read the news and you’ll see plenty of examples on international, national, and local levels!

So, how much is your reputation worth? Give this a try – put a dollar value on your reputation.  What is that dollar amount? Some people say it’s worth 10x what their current salary. Some will say it’s priceless, and others will say that they never thought about that.

The irony with reputations is that we often don’t pay attention to them until the damage has been done. And then what? Remember, your reputation is all you have when all you have is lost!

Reputations Matter

Your reputation speaks for you when you are not there to speak for yourself. Think of your reputation like a halo that surrounds you. People will either want to be in that halo or not based upon how your reputation will positively or negatively impact them. This not only directly impacts your social circles, but also your professional opportunities. So, what is your reputation saying about you? Check out some reputation stats here for an eye-opening experience!

Reputation Worth

We all stumble, but we don't have to fall. We are human, but that doesn’t mean we can’t be prepared and can’t be proactive – especially when it comes to managing and protecting our reputations! Mike shares both personal experiences as well as outlines mainstream reputation crisis examples that will shift your perspective on how you see, manage, and value your reputation.  These stories will lead you to action and empower you to develop, manage, and leverage one of your most valuable assets. If you are an entrepreneur, leader, business owner or college student looking to truly stand out, Mike’s resources, lessons, and tips will benefit you personally and professionally.

Plain and simple, there is tremendous value in trust and association and that is what’s driving the Reputation Economy. Make no mistake, reputations are competitive differentiators and are the underpinning of how relationships are formed and how business gets done! I believe Warren Buffett nailed it,
If you lose dollars for the firm by bad decisions, I will be understanding. If you lose reputation for the firm, I will be ruthless.
Want to see how you are doing in the Reputation Economy?  Answer the questions below:
  1. How much new business comes your way via referral?
  2. When was the last phone call you received asking if you would be interested in discussing a new opportunity?
  3. Take a look around your agency or company, how many tenured, talented teammates are there?
  4. How many people are desperately trying to join your team?

"One customer, well taken care of, could be more valuable than $10,000 worth of advertising."  Jim Rohn