Why is innovation important in business?
Easy. Without it, you will die.
The impact of innovation on business is sooooo underrated. As business operators, we often get stuck in our own little lane of things that have worked or are working. And we simply don’t carve out enough time to look at things that don’t exist in our company, or industry, that could completely change the landscape of our future.
Standing out from your competitors is a tough thing in most industries these days. But as Uber, Airbnb, WeWork, and GrubHub have all shown us, innovating in even the biggest industries in the world, is certainly achievable.
I know we are all trying to become the next billion-dollar unicorn 😏🦄 but you don’t always have to innovate big, in order to stand out.
All you need is an MVP. A minimum viable product, that can be the baby step toward doing something a little bit better than you did yesterday.
These little innovations, when added up, can lead to big changes.
McDonald’s didn’t invent the hamburger, they just made it faster. That innovation launched an entire industry. (now if they could innovate just a little bit more, maybe they can make it healthy 🙏🏻).
In today’s show, the fellas talk about small little innovations that can add up to big results for your company.
Impact of Innovation on Business | I'm a Little Buzzed
DISCLAIMER: The information in this podcast is our personal observations and opinions, and is not endorsed by anyone or any business mentioned in the podcast.
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