I remember reading a quote that said: “Reputations are created every day and every minute.” It is attributed to a gentleman named Christopher Ruel. By making this statement, Mr. Ruel created his own reputation as a man who knows what he’s talking about.
Reputation is described as the beliefs or opinions that are generally held about someone or something. But it is also understood that while reputations are created, they must continue to perform as advertised in order to gain value. The more you repeat something, the more people will begin to expect that of you. If it’s good, then the value of your reputation grows. If it’s unacceptable, then the value of your reputation plunges until it’s not worth a penny.
We are told that reputation plays a central role in human societies. Empirical and theoretical work indicates that a good reputation is valuable in that it increases one’s expected payoff in the future. That’s because reputation is a rough measurement of how much the community trusts you; it is earned by convincing your peers that you know what you’re talking about. So, the more your reputation grows in value, the more privileges you gain.
Here are some thoughts from an article I read in Psychology Today. The value of a good reputation begins by knowing that by not always accepting our own answer to everything it increases the value of our reputation. The benefits of a good reputation will earn us trust, faith, belief, confidence, and assurance. People will begin to believe in us as a person of our word. Acknowledging mistakes and a willingness to learn will also increase people’s tendency to put stock in our character.
Remember this, we may have influence over our reputation, but we will never have full control of it. We should consider it a more valuable asset than our job, house, car, or money. We may have what we feel is a healthy self-esteem and, therefore, we have no interest in what others think of us. Keep this in mind: A good reputation can be used as an instrument for not only maintaining our self-esteem but to help us navigate through daily life, a good thing for smoothing out our journey over bumpy roads. But a bad reputation may cause doors to be slammed in our face and thereby destroying any confidence we have in ourselves.1 Think of it this way: you may start your reputation but others will build it. What really counts is what you give them as material to construct your reputation in their eyes. – Dr. Robert R Seyda
1 Psychology Today: The Value of a Good Reputation by Dr. Alex Lickerman