Innovation can drive massive successes. So therefore, more innovation is a good thing, right? Not always.
I’m the type of person who always likes to create new processes, new businesses, and always find a more efficient way to do things, so this is a lesson it’s taken me a while to learn.
Everything is a trade off. Life isn’t made up of decisions of what to do, but what not to do. There are too many options vying for your time, and the successful have discovered on what they should spend their precious time. If you’re constantly innovating, it is likely at the expense of capitalizing on something you’ve already created that works. You don’t have to be exceptionally smart to be successful, and neither does your idea. Some fantastic businesses are created on the “fast follower” model, where you find someone who’s doing something that is working well and quickly recreate what they’ve created.
Examples:
- Apple iOS -> Google Android
- Groupon -> Living Social
- Uber -> Lyft
- Domino’s -> Pizza Hut
Innovation is great, it’s exciting, and it can lead to lots of success. Just make sure if you’re innovating, you’re not unnecessarily doing so at the expense of other easy opportunities available to you.
Laura @ Walking in Memphis in High Heels says
December 22, 2016 at 10:27 amSuch as gray post and I completely agree! Sometimes you just have to spend your energy on what is tried and true.
Melissa says
December 22, 2016 at 9:18 pmFunny I’m reading this blog post because just minutes ago we were talking about Amazon Prime videos versus Netflix
http://www.MelissaTakesFashion.com
Ashley says
December 22, 2016 at 10:17 pmSuch a great post! Definitely a relevant topic in today’s world!!!
xo Ashley
Elisabeth McKnight says
December 22, 2016 at 10:48 pmgreat insights – and a good thing to think about when setting business goals for 2017!
Sydney Power says
December 23, 2016 at 2:46 amThat is a very smart statement you have it is important to think about.
Bailey says
December 23, 2016 at 8:22 amSuch a great read, thanks for sharing!
xoxo,
Bailey
Here’s The Skinny
@baileyschwartz
Whitney says
December 23, 2016 at 10:12 pmGreat thoughts. Definitely a helpful topic and one we often get too busy to consider.
Sandy a la Mode says
December 30, 2016 at 8:36 amwhat a great topic!! thanks for sharing!
styletab says
January 5, 2017 at 9:26 pmThis is a really interesting topic! This is something I think I’ll need to keep in the back of my mind this year because I sometimes find myself trying really hard to reinvent the wheel when I don’t need to. Thanks for sharing!