Ever business regardless of their size should strive to
youíre not innovating, youíre giving a competitor the
opportunity to put you out of business.
Innovation does not take place on itís own.
It requries a deliberate effort on behalf of the
As the chief executive you must take deliberate
actions to create an environment in which innovation can
thrive in your organization.
These are the top 10 things you can do to drive innovation
in your small business:
You can encourage innovation by allowing your employees to
take risks and donít punish them when there is a failure.
Encourage them to try, try and try again.
Encourage them by rewarding success.
When someone come up with a great idea acknowledge
them. Give them a
certain percentage of the daily work time to work on new
CREATE A TEAM ENVIRONMENT:
Create a team environment by encouraging employees to work
together to come up with new ideas.
Reward team efforts with financial incentives, time
off, awards, etc.
When a number of people work together on an idea they are
likely to come up with good ideas that are vetted and can
succeed in the market place.
3. FAST ACCESS TO
Give your employees access to resources that will enable
them to test new ideas.
That could be an area to work, machinery to use to
test their ideas, raw materials, computers, a lab
When a new idea has been developed move quickly to assess
and implement it. If
you donít move quickly to implement it employees may think
that their efforts are not appreciated.
Some may even take the new idea and develop it on
their or take to a competitor.
5. TAKE SUGGESTIONS:
Put up a suggestion box and encourage employees to submit
suggestions on how to make improvements to the business.
Read the submitted suggestions every day and provide
my know that those suggestions are being read or they will
not waste their time submitting them.
Give employees the option to submit suggestions
ananymously or put their names on them.
6. BE CUSTOMER
Your customers are the key source for ideas on how to make
improvements to your business.
Sometimes all it takes is to ask them.
Customers are more than willing to share their
thoughts about your business with you.
Your repeat customers want to see you succeed, thatís
why they keep coming back.
Theyíre a good source of information.
Continually engage in self
Never be satisfied with the status quo.
Continually re-examine your processes and your
Always look for new ways to do it better.
8. CHECK ON THE
Check on your competition.
Look at the changes they are putting in place.
Even better if you could learn of those planned
changes ahead of time and beat them to the punch.
9. LOOK FOR NEW
Pay attention to the development of new technology.
A new technology could instantly change the way you
do business. A new
technology could make it easier for someone to start a new
business in your industry and become a fierce competitor to
your business. A
great example is UBER.
UBER has change the transportation industry for ever.
You could embrace new technology to drive innovation
and make your small business more competitive.
You measure innovation by making it a part of the job
description and annual evaluation for your employees.
You have to make innovation a item that your
employees are keenly aware of.
Making it a part of their job description and
evaluation sends a message that this is something you want
them to pay a lot of attention to.