{"id":19372,"date":"2024-07-26T15:00:50","date_gmt":"2024-07-26T07:00:50","guid":{"rendered":"https:\/\/www.hongkiat.com\/blog\/?p=19372"},"modified":"2024-07-24T15:09:56","modified_gmt":"2024-07-24T07:09:56","slug":"add-more-value-find-another-job","status":"publish","type":"post","link":"https:\/\/www.hongkiat.com\/blog\/add-more-value-find-another-job\/","title":{"rendered":"How Entrepreneurs and Freelancers Can Add Value to Grow Their Business"},"content":{"rendered":"

Everything changes. Change is the only constant<\/a> in this Universe, as Heraclitus of Ephesus famously stated over 2,500 years ago. It\u2019s intriguing how a concept so ancient still eludes many today. In the realm of business, whether as a freelancer or an entrepreneur<\/a>, your primary goal should always be growth.<\/p>\n

You can grow your business<\/a> from the ground up by harnessing change to work for<\/strong> you, rather than against<\/strong> you. In navigating the dynamic business landscape, understanding the concept of Minimum Expected Value (MEV) is vital. Everyone you meet has an MEV \u2013 the minimum value they expect to derive from their interactions with you.<\/p>\n

Even if individuals are not consciously aware of this expectation, the MEV factor is always at play. Recognizing and responding to each person\u2019s MEV can significantly influence your success. Here\u2019s why it\u2019s essential.<\/p>\n

Job Security Is a Myth<\/h2>\n

Having a job does not guarantee security \u2013 you\u2019re at risk of losing it every day<\/strong>. Regardless of how well you get along with your boss<\/a>, or how valued you are by your team, or even how long you\u2019ve been at the company. Your past contributions, how much value, money, or clients you\u2019ve brought in \u2013 it doesn\u2019t secure your position. Don\u2019t buy into the myth of job security.<\/p>\n

In the past, job security might have been a reality. Today? It\u2019s a different story. You are only as valuable as what your current contributions are to the company<\/strong>.<\/p>\n

\"need<\/figure>\n

If you deliver more than what\u2019s expected by your role\u2019s Minimum Expected Value (MEV), you\u2019re in a safer position. If you\u2019re exceeding these expectations, your boss will likely advocate for you during tough times \u2013 as long as the company itself remains afloat. Thus, securing your job involves enhancing the quality and effort beyond your job description\u2019s MEV.<\/p>\n

Always aim to exceed expectations.<\/strong> This proactive approach is how you leverage change in your favor, instead of letting it work against you.<\/p>\n

Otherwise, it might be time to look for new opportunities elsewhere.<\/p>\n

Client Loyalty Is Not Guaranteed<\/h2>\n

Your client will look elsewhere if you fail to meet their expectations. Yes, you heard right. In today\u2019s competitive world, there\u2019s no such thing as a guaranteed loyal client \u2013 and there shouldn\u2019t be.<\/p>\n

Whether you\u2019re a freelancer or running your own business, remember: the moment your work just meets the client\u2019s Minimum Expected Value (MEV)<\/strong>, you risk losing them.<\/p>\n

Imagine you\u2019re a mobile developer<\/a>, freelancing with a client for whom you\u2019ve successfully developed several apps. While they\u2019ve been satisfied so far, complacency can be costly.<\/p>\n

\n\t\t\t\t\tA Guide to Starting A Successful App Business<\/span><\/a>\n
\n\t\t\t\t\t\t\t