We’ve heard it time and time again – 90% of startups fail in the first five years of operating. Bad financial decisions, a poorly designed business model, a wrong product for the market, financial mismanagement, and bad timing are just some of the most commonly cited reasons why some businesses never manage to pass the five-year threshold.
Starting up a small business can be rough. Even if you possess near-infinite entrepreneurial spirit, chances are that you’ll run into some roadblocks along the way. Whether these obstacles are based in logistics of strategy and implementation of your business model, or even issues with the very products and services you offer, most of these problems can be solved with financial influx.
Did you know that you’re multitasking at least several times a day? That’s right! It’s enough if you cook, listen to music, and check your Facebook at the same time. Fortunately, it’s not fatal.
Innovative and forward-thinking companies are successful because they have new, exciting, and useful products or services before others and consumers take notice of companies regularly producing the next big thing. These companies are more effective and they can grow more rapidly because their company culture encourages innovation among their employees. A company of “intrapreneurs” can quickly become a successful and noteworthy company.
If you are starting a new business you may be feeling a little overwhelmed by the number of decisions you need to make. You may wonder what secret tricks successful business owners used to ensure that their companies grew in the right direction. Here are twelve tips that you should use in your first twelve months in order to make sure that your company has the best chance to succeed.
Do you find that good ideas get trashed because of mistakes made in the organization's handeling of the creative process? Gijs van Wulfen outlines 10 common innovation blunders. Do you have more?
Here are 10 steps you can take to turn your company into an innovation leader that races forwardswith new products, services and improved processes while your competitors remain far behind with outdated products, limited services and inefficient processes.
We learn when we play as children, in fact this accounts for most of our early learning. Play acts as a learning laboratory for trying out different internal models on an external world. This is not dissimilar to our traditional brainstorming sessions.
Michelle James explores the fascinating connections between adhering to the principles of improvisational theater in a performance and being able to adapt, create and improvise effectively in the work place.
Our fears narrow our perceptions, limit our potential, stifle our creativity and exhaust the energy for innovation, according to Andrew Papageorge.