Innovation

The Secret Weapon of the Most Inventive Minds

I’ve noticed something about the most successful and innovative entrepreneurs and business people; they see frustration as opportunity—a chance to do something better, cheaper or faster.

Startups Must Embrace “Coopetition” for Rapid Growth

Startup founders are known for their passion for their startup idea, and for their passion to kill every competitor. Thus they often overlook the fact that their biggest growth opportunity may be a win-win collaboration with a serious competitor, known in the business as coopetition.

Do You Really Want to be the First to Market?

If you are going to be first in a market, plan on a very long time from introduction to acceptance. Triple the time you estimate for the effort, and add four times the cost you estimated for marketing.

Smart Entrepreneurs Don’t Need Disruptive Technology

It may not be as sexy, but starting a new business that builds on an existing technology or business model is usually less risky than introducing that ultimate new disruptive technology. There are many levels of innovation that go beyond copying someone else’s idea, but stop short of pushing the bleeding edge.

Innovation Nation?

Is government good or bad for innovation? If you ask whether government is good or bad for innovation, it isn’t very difficult to argue either point.

As the Cupcake Crumbles: What Small Businesses Can Learn

You don’t want to be a one trick pony because eventually customers will tire of the same old, same old and move on. You may hang on for a while, but most likely if you don’t diversify your offering and keep up with market trends, your business will fail.

Is Your Mindset Keeping Your Startup from Success?

One thing I’ve noticed about all the great business leaders I’ve known is that none of them made excuses. They didn’t say, “I did the best I could” or “I guess luck wasn’t on my side today.” They took responsibility for the problem, identified a solution, and focused on improvement.

The Only Way Great Change Happens

Here are some symptoms that show you need to change what you are doing. Each of these foreshadowed a major shift in our business direction, strategy and outcomes.

Why Some Innovative Leaders Get Exceptional Results

How is it that only a few business leaders and entrepreneurs seem to drive exceptional results and disruptive innovation in this rapidly changing market economy (marketquake)?

How to Maximize Efficiency at Your Startup

Is your startup company experiencing rapid growth? If so, it’s essential to know how to maximize efficiency, while still expanding your services. Startup owners must know how to restructure their organizations properly in order to position them for success. We go over a few of the best ways to do this below.

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