One of the very first principles I learned in my 100 level Accounting class at Bradley University was the difference between assets and liabilities.
The distinction is very simple, yet critical if any organization wishes to see a return on their investments and yield a financially abundant future. To put it plainly, assets provide a benefit to the company. This can come in the form of cash, accounts receivable, inventory, etc.
On the other hand, liabilities deplete or cause a risk to an organization and can be represented as notes payable, salaries payable, interest payable…you see where I’m going with this.
Both items are listed on the company’s Balance Sheet and, along with the owner’s equity, provide a snapshot of how the company is financially positioned at that particular moment (shoutout to Google for jogging your girl’s memory!).
This weekend, I had the opportunity to speak at an AWESOME conference surrounding content creation in the Nashville area. It was hosted by Craft Content Nashville and brought together over 40 speakers to discuss topics such as How to Edit Your Podcast, The Importance Of YouTube, How To Start A Blog, Thought Leadership…you name it.
When I left, I was on an energy HIGH.
For those that know me personally, I am pretty hype on a day-to-day basis. However, there was something about being around content creators that left my energy turned all the way up.
I quickly realized that being in those rooms, with those people, mutually swapping knowledge; provided a beautiful exchange. I found myself wanting to give as much as I was receiving because I felt so full.
The best part about the day was the energy the conference participants brought to the table. Everyone was excited to help each other, learn, and share their expertise. The participants provided me with a benefit, increased my value, and ultimately enriched my experience. On my “Balance Sheet Of Energy”, they were an asset and overall, positioned me better in my business. Luckily for me, they expressed the same sentiment following my session presentation.
There’s something about bringing the proper energy to the table that can make or break an incident, a meeting, or even a day. There’s going to be people, places, and distractions that prove to be liabilities on your Balance Sheet of Energy…especially at work. As a matter of fact, now that I wrote this blog, I’m almost positive you can think of some right now! However, I ask you to change your approach when these situations arise. Ask yourself:
- “Will I be an asset or a liability?
- “Will I increase value or decrease value?”
- “Will I take advantage or be the advantage?” (This is one of my favorite quotes from Heather Lindsey!)
Ultimately, the choice is yours; but I hope you decide to bank on good vibes!
Each week, owner of MOXIE Nashville Vannesia Darby sends you a little pep talk to kick off your week. Subscribe today and instantly receive a free copy of Hustle Season.
Get a little pep in your step.