Personal MBA 2 | Creating Value | Economically Valuable Skills. #business #entrepreneur

Here's a question for you. Do you possess economically valuable skills? Not all skills are economically valuable, and that's fine. We all need hobbies. We all need things that we're good at but aren't necessarily good at making money for us. Some skills, however, are in demand. The market wants them and we call these economically valuable skills. What economically valuable skills are is not up to you. It's up to the market. It's up to what is in demand right now at this moment. And this is always changing. If you manage to develop economically valuable skills, though, you're going to be able to get paid and you're going to be able to build a business based off the back of your skills. In general, economically valuable skills are connected to the five parts of business we've talked about in a previous video. Those five parts again are creating value, marketing, sales, delivering value, and finance. Right now at the beginning of 2023, economically valuable skills include things like UI, UX coding, AI engineering, machine learning, data engineering, and visual.