Innovation on a Small Business Man’s Budget
Among the biggest features of business is that they can move at lightning speed, but only when they realize that. Many small businesses throw away this advantage and hesitate due to the risks they perceive. Some of these risks maybe real, but often they’re merely fear (F-E-A-R = False Expectations Appearing Real).
What small businesses might not comprehend is that they can quickly cure a mistake and proceed, taking what they have learned together, thus, doubling their chances for success the next time they fight something similar.
It is this kind of tinkering making use of their business models, products, services and marketing that often allows them to “get lucky.” (Luck = when opportunity meets preparedness). Your small business that tries new things and is consistently innovating will discover themselves able to adapt quickly whenever a customer requests Alexander Malshakov something out from the ordinary.
This is because each time they fight new things they learn their limits, abilities and of new possibilities as well. Small businesses have a huge advantage, since they are agile and without bureaucracy, thus, they can easily outpace their corporate competitors in their niches.
In fact, it is usually the tiny businesses that do the majority of the innovation and the corporations that buy these ideas, small businesses or copy what they’re doing. Why do they steal and copy ideas? Well, because they work.
An intelligent corporation will try to be innovative and to their credit they do produce some cool innovations in the market place, but definitely not the majority of the ideas or concepts, especially those who really change the industry. So, please consider this.