Would
you put your money in a bank that was only open 9-9:30am Saturday
mornings? What if the bank only accepted
6 clients? Would you bank where no interest is paid (like now) and the only
loans available were from the other 5 members and terms were negotiated during
the short Saturday session? What if the
funds were kept in a locked tin box (see photo) kept in the freezer of a
refrigerator locked on the back porch?
So
it was in the Bishop home growing home. Once
we started to earn money, we needed someplace to put it. When we were 14 we could open an official
bank account at the local FDIC backed bank on Main Street. The current participants would all gather
around the table and my mother would “open” the bank. Deposits were made, withdraws taken and loans
made. Even if you had no immediate transaction,
you showed up to watch the action and count your worldly treasurer. This process clearly taught us the value of
things, the importance of saving, risk management and negotiation skills.
Understanding
and managing value and perceptions of fairness are an important part of the
leader’s job. Statistics show that many people
leave jobs due to feeling undervalued or underutilized. Having a clear and accurate estimation of the
value we each create helps keep this equation in balance.
How
are you helping your team understand their value? Are you helping them increase it daily?
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