They were entrepreneurs in some other technical discipline and then they applied themselves.
And you can and should bring in the business experience when you need, but that’s not what gets a company going…you need a great idea.” ~ William Marshall
There is an argument that business people may well be the reason businesses stop innovating over time.
When you figure out what works, it takes structure and discipline to grow without cracking.
But, overdo corporate structure and you’ll stifle innovation.
To keep great ideas flowing in your company, try these three tips:
- Be ok failing. If you only do what you’ve already done you are guaranteed to fail, less so in the short run, but most certainly in the long run.
- Be ok with assumptions. You’ll never have all of the answers, so start with what you know and learn from there.
- Be prepared to listen. Feedback is critical to success in any innovation effort.
You want to run your business like a well-oiled machine.
Understood - just don’t forget to oil the wheels of innovation along the way.
I hope you found this post helpful.
If I can help you reignite innovation in your company, email me or connect with me on LinkedIn.