What’s Your Value in the Market Place?
29Jul2010 Filed under: S.M.E Advice Author: Nick Cephas KunguShare
Today as i was going through an article i asked myself “what creates value in a market place?” And on a serious note it is scarcity.
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When a lot of people want something that’s very hard to find then it is considered to be valuable. And am not trying to say that being abundant is a bad thing, but when something is abundant then it is very cheap, which is good to some people, especially those who want the particular commodity but not to the guy who is selling it. so the law of scarcity is very clear.
Now lets assume you are a resource trading in an open market, ask yourself these questions:
- would you like to be scarce or abundant? and if you are abundant,
- How would you migrate from abundance to scarcity?
- how would you make yourself more valuable?
- what makes you different?
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you can increase your worth and be among the ‘scarce ones’ by coming up with brilliant ideas at your work place e.g picking up extra tasks or responsibilities or by going back to school for an extra certificate or degree, and by doing the one and most important thing i cherish doing here at the NAiLAB, NETWORK and NETWORK SOME MORE!
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About This Blog
The NAILAB is an ICT Business Incubation Laboratory. NAILAB, shortened from NAIROBI INCUBATION LABORATORY, incubates ICT – based or ICT – heavy start-ups and SMEs in Nairobi: The NAILAB offers an incubation platform to help young entrepreneurs to concentrate on building a business structure around their innovations without the need of a high initial capital to secure office space and the accompanying services.
aviko oloo
July 30th, 2010 at 8:29 am
nice article, by the way i like the NETWORK part!