How to Fuel Innovation in Entrepreneurship

By

Theodore Henderson

The Wisdom Man

Entrepreneurs are known to be bold, firm, brave and strong-willed risk-takers. One of the risks involved in running a business is the inclination, or possible the necessity, to innovate. Innovation and entrepreneurship are two closely related concepts that when done in harmony, could bring a business to greater heights.

However, climbing to the top isn’t an easy feat. Innovation and success do not happen overnight. It is also not an output of just a single person, either. Innovation and entrepreneurship are products of hard work, collaboration, proper planning, and execution. 

Here are 5 integral steps every entrepreneur should know by heart in attaining innovation and entrepreneurship.

Invite ideas. 

Encouraging ideas in the workplace means letting your employees think beyond the box. This means fostering creativity through letting them know that their ideas are needed, and how the company will succeed if innovative ideas are presented and delivered. This could be done through productive brainstorming sessions, meetings, and discussions among the groups.

Provide freedom in the workplace.

Studies show that the more free time a worker can have, the more productive he or she can be. This is integral in achieving innovation and entrepreneurship. This is because a person who works straight on his desk for hours is likely to get saturated. This is why workers need to take short breaks at regular intervals.

Make some time for ice breakers.

Ice breakers are like an oasis in a desert. It paves the way for a meaningful break while letting them recharge from delivering their tasks. This could be in the form of some team building activity games, or as simple as inviting everyone to a non-work related leisure pursuit. This way, work doesn’t have to be overwhelming, and your workers get some time to breathe and foster ideas. 

Foster deeper relationships among workers. 

Collaboration in a team is one of the most efficient ways to propagate creativity and resourcefulness. When employees feel at ease with their co-workers, ideas begin to wander. This is where collaboration among minds take place. Otherwise, if workers are only coming into the office for their tasks, the work will feel monotonous and a drag for them. Innovation begins to happen when workers feel like they are integral to the business.

Deliver change.

In any work or business setting, change is necessary. It is constantly happening and is integral to the success of the company. Change in your business, in a right way, is called innovation. This isn’t only restricted to introducing new products to the market, but also involves achieving more efficient processes for your organization.

Innovation starts as an idea, and that idea needs to be fostered, to be able to be executed well. Since innovation and entrepreneurship work hand in hand, as a business owner, it is important to propagate innovative ideas in the workplace through inviting and work-conducive environments. If there is something top entrepreneurs should know, it’s that innovation is the key to the top.

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About The Author

Theodore Henderson works with business owners, entrepreneurs, and corporate professionals. He is an Amazon best-selling author, a Certified Career Coach, a Certified Leadership Coach, and a Certified Social Media Security Professional Powered by CompTIA. In addition he is the author of the business program “Launching Your Great Business Idea,” as well as the author of the following books; “The Wisdom Compass: Your 31-Day Journey to Wisdom-Filled Living”, “9 Simple Strategies to Becoming a Strong Leader” and the Security eBook “30 Smart Ways to Protect Yourself from Cyber Criminals” aimed at owners of Smartphones, Mobile Devices, and also those who have significant online activities including Social Media, financial services, etc. He is available for keynotes, seminars, and workshops. He may be reached through www.TheodoreHenderson.com.