We hear those two terms very often in our daily life but yet we don’t use them fully. Supply and demand is not only this:
From a theoretical perspective it might be this, but a business isn’t only theory. It is actions and practicality. Supply and demand in business means knowing people’s needs.
In simple words:
Supply and demand -> Understanding human behavior.
Whatever your business is, it doesn’t matter if it is a sports store or a book store, if you’re doctor or even if you don’t own a store and you are a blogger or entrepreneur at your craft, you have to ask yourself what your customers or viewers need and want to have. What they need at this very moment and for the next five, ten years? You have to put yourself in their position, see from their perspective and find what they want and what they demand. Then find a way to supply it to them. Period .
“For example let’s say that you have a blog platform or an Instagram account from which you want to sell shoes. The only thing you have to do in a first place is to follow the rules of supply and demand. You have to put yourself in the customer’s point of view and think what would you like to have as a product. Next thing you have to do is to find out what the market – shoe market in this example- needs. What kind of shoes does people prefer at this very moment? Know your audience and adapt the trends and fashion details in their needs.”
Tip: “Always have a main idea of why you do what you do whether it is a product or a service. You have to know why you start a business or a blog or why you make shoes etc. Supply and demand is the tool to help you understand the market. Is the easiest way to find out what you need to do. “
It’s not accidental the fact that the biggest entrepreneurs like Bill Gates, Mark Zuckerberg, Steve Jobs beside from having a strong WHY when they start their new ideas and businesses they also had a great perception about human behavior. They could understand what people-market needed. This is exactly what supply and demand is.
- It’s ok to make mistakes!
The best way to experience life is by making your own choices and following your own path. You have to do what you really want to do without the fear of failure. YOUR BEST IS GOOD ENOUGH. No one is perfect ,just do your thing and stop making comparisons or listen to other people’s opinions about your moves. You are who you are and no one can change that. People do not owe anything that’s why you have to go and GRAB your dreams and your opportunities and trust me mistakes are just a part of the process.
- Mistakes are essential for our growth both as personalities and as businessmen or businesswomen or entrepreneurs or whatever else you imagine yourself to be. Everyday we have to learn, grow, change, and start making better choices. Wrongs can be made right, and we can become our best self as we learn to be patient with ourselves.
Driving results is a key factor for a successful business. Gamification helps you to keep your employees engaged and motivated to deliver their best performance. But what gamification really is?
Gamification’s terminology would be described as the use of game design elements in non-game contexts. Gamification ,also, refers to the use of game mechanics and experience design to engage and motivate people to achieve their goals.
Everyone can participate in contests, regardless of their role in the company. Participants can win awards, prizes, and bragging rights, which are helpful external motivators to drive their impact on business results. When you make teams, you create healthy competition among colleagues and foster team spirit.
To help create a vibrant and engaging environment for your contest, use up-to-date scores and numbers.
– How Gamification can help to keep your employees engaged?
Gamification engages many different roles
Think about how you measure the performance of your employees and the activities that drive that performance. Do you count the meetings they schedule, the time it took them to resolve a customer issue, how much revenue they generated, or something completely different?
Sure, you can send around weekly email updates or fill scorecards with numbers. But why not make it more fun and exciting by turning some performance metrics into a game?
Traditional game models reward top performers, who are already self-motivated. Gamification motivates everyone to achieve more.
• Create awards that motivate everybody
Gamification lets you set up multiple award categories to recognize achievement and improvement across a variety of KPIs or employee roles. It also offers tiered awards for individuals and teams to enable more players to receive recognition. Creating multiple ways to win keeps more participants engaged and excited throughout the entire contest.
- The customer’s view
Gamification can not only use for the employees, but also for the customers for encouraging desirable website usage behavior. Additionally, gamification is applicable to increasing engagement on sites built on social network services. For example if a company or a business wants you to do an online survey is better to choose a more entertain way to do it. A study at MIT Sloan found that ideation games helped participants generate more and better ideas, and compared it to gauging the influence of academic papers by the numbers of citations received in subsequent research.
Today I heard about an incident that most of y’all have heard. I’m referring to the partnership mistakes that usually end up to misunderstandings and fights. Starting a business is not a walk in the park, especially when you want to include colleagues/co-founders in it.
The biggest mistake made by people ready to start their businesses is that first choose the idea and then who they will work with, but that decision could be vital for a business.
When you want to conclude another person to your idea you have to be sure that this person worth it. You have to be 100% sure about him and then you start a business or think of a new idea. And friends are not always the best colleagues. The person that you’re gonna work with must advocate the same values with you.
– There’s only one way to succeed. Everyday is a new chance. A chance to create something or to correct something.
-Don’t let other people’s voices in your head.
-Work on your thing and be the CEO of your life.
Don’t be scared to start something new. Step outside your comfort zone, make decisions and do things you really wanna do. Your opinions matters the most! Neither your friends nor your parents will live your life. Advices are very useful about your future but decisions are the most important thing, that’s why you have to MAKE THEM.