As a product manager, you are quite busy doing product roadmaps, gathering requirements, working with cross functional teams, getting the messaging right,writing positioning statements etc. You are busy trying to do all the work with less time and resources available at your disposal. In the midst of this chaotic professional life, have you taken the time to evaluate how well you are doing growing your career, building value for yourselves such that your market value is increasing? Yes, the first and foremost thing we should focus on is building value to our employers (that is what we get paid for), but it is also important that you spend time adding value to yourselves. After all, I doubt that most of us want to do the same thing and work for the same employer for the rest of our working lives .
One technique that is useful is creating an honest assessment of the one product you are in full control of – YOU!!. The way I did it the other day was to create a list of all the skills an ideal product manager should have (if you don’t know the full list, read a bunch of job descriptions for product managers in your industry and look at the requirements or skills being asked for and then create the list) and then made a honest assessment of where I currently stood on a scale of High, Medium and Low (High = strong, Low = weak). I also did an assessment of what my personal interest is for each of these skills. For example, as a product manager, one is required to help legal with contracts – I consider this as a necessary evil that I as a product manager has to live with, but not something I want to get very good at. On the other hand, product positioning or market sizing is something I have great interest in and should have a strong skill.
Once you do this exercise, your strengths (High skill set, high interest) and weaknesses (low skill set, high interest) is going to stare at you. Now you need to create a roadmap on how you are going to work on your weaknesses and figure out what projects you may want to take on (read “initiative”) at your current employer to add more value to your employer and yourselves.
I have done mine and found this very useful and I intend to use this once a year to evaluate my progress and analyze the State of “Me” going forward. The above technique can be used by anyone – engineers, scientists, doctors etc. and not just product managers.