Month: March 2016

What Does It Take for an Office to Be Innovative

Innovation and innovative ideas are among the most top agendas at this moment. This trend is forcing the companies to be more adaptive and acrobatic than ever before. Due to lack of innovation, many companies have fallen in the yesteryear’s especially from last five to six years. However, many companies have embraced this change and are finding themselves in a perfect position by creating an innovative environment in their offices.

INNOVATIVE SPACES

The innovative design & fit-out management of an office can surely contribute to its growth and development. It, however, can’t create a culture of innovation but can support the efforts and ideas for sure. Designing the office spaces in such a way that it encourages the potential of innovation that lies within it. Take an example of most innovative organizations in the world like Google, Microsoft, and Apple. They have the most innovative office in the world and each of them is designed in such a way that everything about their office reflects their uniqueness and innovations. Innovation flows through each department, team, its corridor and perhaps everything related to the office. Innovation is not an individual stuff but a team initiative that involves a large group of disciplines that come with their ideas and thoughts.

MAXIMIZING THE EFFORTS

The next thing that comes in mind is how to maximize the innovation goals in your company. You don’t need any rocket science to achieve this. All it needs is to be ingrained with the daily working process. Weekly or monthly workshops can surely help that connects the people of different departments across the organization to come together and produce the innovations that solve the organizations most challenging issues and problems. Such sessions are required to teach your team about the tools of innovation and how to deliver on these within the specified time limits. Such processes can turn your staff into more innovative and creative people besides will mark the beginning of the change in culture to a more innovative one.

INNOVATION IN CULTURE

Spaces and processes can support the innovation drive in your organization. But ultimately it is the culture of the office that defines how successful and far the efforts can go. The support and willingness from the staff are required to make it to a most innovative office. It is the team game, after all. Innovation comes with ideas, they may come in bulk or meager. Getting ideas is a part of innovation but how to make it a reality is a challenging task to do. To take the innovation from the idea to its execution, a diverse yet skillful team is needed.

Such team is a difficult task to gather. First you need an idea creator to mark the innovation, then a business expert and finally a marketing analyst that gets it done. It is rather difficult to gather all of them right, but a space that is designed in accordance with the proper fit-out management have a greater probability to succeed in the innovation efforts.

Is Money An Innovation Killer

If you think back to your youth, you’ll find innovation everywhere. Whether it was engineering a ramp to jump your little brother’s big wheel, how to get somewhere without a car or the thousands of innovative ways we convinced our parents that breaking curfew was justified by unseen, surreal circumstances. The great thing about youth is that it full of innovation, and in most cases the most creative things are done without money. Coincidence?

For business, innovation has always been an ooh aah word to throw around, however it has increasingly become a reality and for some companies, their hottest asset. In fact, it’s commanding even greater focus than before. In 2013, PWC performed a study to try and get to the bottom of innovation inside of businesses and it showed 93% of executives indicated that organic growth through innovation, will drive the greater proportion of their revenue growth. Not better sales, not strategic relationships — Innovation. It’s safe to say that nothing has changed since 2013 and innovation is sitting center stage, and everyone wants a piece of it.

The problem is that many companies don’t have the innovation DNA, so instead they pump money towards innovation, but this may not produce results. The same PWC report states that dedicating more funds to innovation will not automatically generate growth. Agreed, because the tools for innovation many times have nothing to do with capital (money), but instead, creative capital (fresh ideas).

Money Sometimes Kills The Innovation Mindset

We’ve started a lot of businesses in our time, and have seen and consulted with exponentially more. What you find is that the ones that are amazing innovators are not cash rich behemoths that are encumbered by their incumbency, but the small broke upstarts that are continually transforming models.

Why? Well, if you think about it from an upstarts hard wired, underfunded mindset, they don’t have a choice. They know they don’t have the money and they know they need to scrap for their share. It’s that lack of money that starts driving them to come up with innovative angles on common problems. So what does the world look like from a broke upstart?

It looks like a million colored pixels to cut the fat, find the holes, digitize the process, crunch the model, reduce the labor, kill the middleman and rise up so everyone sings your innovation praises – and you do all of that without a big budget which prompted the innovation in the first place.

More Innovation Came From Friendship Than Money

Yes, we can see how you might find this idea a bit confounding, but if you take a moment to analyze some of the most innovative companies you use every day, it’s clear to see that it started with friendship, and not money.

  1. Google – Idea came from two friends (Page and Brin) with no money
  2. Uber – Idea came from two friends (Camp and Kalanick) with no money
  3. Apple – Idea came from three friends (Jobs, Wozniak, and Wayne) with no money
  4. Microsoft – Idea came from two friends (Gates and Allen) with no money
  5. Facebook – Came from Zuckerberg, but let’s face it, he settled with the Winklevoss twins for $300 million for stealing the idea so you be the judge. Either way, it was him and two brothers (twins and safe to say they were probably friends) and just some money

Buying Innovation

Sure these companies listed above are still innovative, but what do you do when you’ve grown exponentially through innovation and have reached a point where the money has killed the one thing that got you there in the first place? You do what almost all the companies mentioned above do, you go out and buy it. You take the best of the best and bolt their innovation onto your model to make you better, stronger and hopefully more innovative overall.

To be clear, innovation can happen with money and without it, but it’s hard to argue with the reality of our everyday world, that a lack of money drives innovation. This is not to say that healthy capital given to a group of driven, innovative individuals can’t spur brilliance because capital always has its place, especially after the brilliant idea has been hatched.

For companies that do have plenty of funding and want to innovate, isolating an innovative entrepreneurial ecosystem within your company is probably your best bet. Entrepreneurial is the keyword here as that incredible, indescribable spirit is necessary for innovation. So, start squeezing the budgets, pull in the creative capital, isolate the team as if they’re sitting in your parent’s basement and start innovating.

What Does It Take for an Office to Be Innovative

Innovation and innovative ideas are among the most top agendas at this moment. This trend is forcing the companies to be more adaptive and acrobatic than ever before. Due to lack of innovation, many companies have fallen in the yesteryear’s especially from last five to six years. However, many companies have embraced this change and are finding themselves in a perfect position by creating an innovative environment in their offices.

INNOVATIVE SPACES

The innovative design & fit-out management of an office can surely contribute to its growth and development. It, however, can’t create a culture of innovation but can support the efforts and ideas for sure. Designing the office spaces in such a way that it encourages the potential of innovation that lies within it. Take an example of most innovative organizations in the world like Google, Microsoft, and Apple. They have the most innovative office in the world and each of them is designed in such a way that everything about their office reflects their uniqueness and innovations. Innovation flows through each department, team, its corridor and perhaps everything related to the office. Innovation is not an individual stuff but a team initiative that involves a large group of disciplines that come with their ideas and thoughts.

MAXIMIZING THE EFFORTS

The next thing that comes in mind is how to maximize the innovation goals in your company. You don’t need any rocket science to achieve this. All it needs is to be ingrained with the daily working process. Weekly or monthly workshops can surely help that connects the people of different departments across the organization to come together and produce the innovations that solve the organizations most challenging issues and problems. Such sessions are required to teach your team about the tools of innovation and how to deliver on these within the specified time limits. Such processes can turn your staff into more innovative and creative people besides will mark the beginning of the change in culture to a more innovative one.

INNOVATION IN CULTURE

Spaces and processes can support the innovation drive in your organization. But ultimately it is the culture of the office that defines how successful and far the efforts can go. The support and willingness from the staff are required to make it to a most innovative office. It is the team game, after all. Innovation comes with ideas, they may come in bulk or meager. Getting ideas is a part of innovation but how to make it a reality is a challenging task to do. To take the innovation from the idea to its execution, a diverse yet skillful team is needed.

Such team is a difficult task to gather. First you need an idea creator to mark the innovation, then a business expert and finally a marketing analyst that gets it done. It is rather difficult to gather all of them right, but a space that is designed in accordance with the proper fit-out management have a greater probability to succeed in the innovation efforts.

Simple Steps To Come Up With a Terrific Business Idea

Simple Steps To Come Up With a Terrific Business IdeaDifferent business Ideas and opportunities are talked about on the net daily.

The majority of aspiring entrepreneurs search for viable business ideas online. But how can you actually come up with a feasible, practical and sustainable business idea?

I have had my own business for a number of years now and I have tried many different businesses, some of them worked and some did not. I recently looked back on all the businesses that I tried. As I reviewed all of my different business plans I have narrowed my good ideas down to a few easy steps on how to create a viable business idea.

Different business Ideas and opportunities are talked about on the net daily

I want to share a few tips with you that may help, especially to those who want to start or even create a business of their own.

Here are the steps:

1.) Think of several ideas. There may be a lot of concepts out there but not all of them will work. When come up with a business concept, try to take note of businesses that consumers will need to use daily. Do not think of temporary ideas, those that may disappear with time. Food is always a great idea; people will always need something to eat every day. Clothing is another example, consumers will always visit clothing stores to find something they can wear. Providing people’s basic needs will be one of perfect choices you can make.

2.) Avoid temporary ideas. Sometimes, an entrepreneur can overthink things because they want to get the most distinct and unique idea, they may venture into a business that people do not really need. These are things that people can actually live without every day. Usually, these types of businesses do not last long. People get bored and forget about them. A laundry business is one of these. People can always do their own laundry so this is not necessary. Customers might try these kinds of business for six months or so but after that, they never come back especially when they realize that they may be just a waste of their money.

3.) Be knowledgeable. Assuming that you already have finalized your choice, always be knowledgeable about the business you are going to start. In the beginning, you may not fully know everything about it but be sure that before you start operating, you understand fully what your business is all about. Understanding and knowing your business will Help you on your way to success.

4.) Get to know the nitty-gritty details. A business will always have the main details and sometimes you only get focused on the major ones. Never fail to forget the smaller details because no matter how small that detail may be, it may still impact on your business.

5.) Promote but do not deceive. Deception is a poor way of advertising. There will always be ways to attract consumers to buy your products or services in the most honest way you can. When you try to mislead them, sooner or later they will find out and when they do, they will never come back to you. Consumers do not want to be deceived and lied to, they want honesty. Remember that they are using cash from their income to buy your product so they deserve to be told the truth.

These are some of the steps you need to consider on how to come up with terrific business ideas. I realized I have never misled any of my customers in anything that is why my businesses all worked.