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When Do You Need to Stop Innovating?

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When to InnovateInnovation 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.

 

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Filed Under: Business, Entrepreneurship Tagged With: Monday Motivation

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Comments

  1. Laura @ Walking in Memphis in High Heels says

    December 22, 2016 at 10:27 am

    Such as gray post and I completely agree! Sometimes you just have to spend your energy on what is tried and true.

  2. Melissa says

    December 22, 2016 at 9:18 pm

    Funny I’m reading this blog post because just minutes ago we were talking about Amazon Prime videos versus Netflix

    http://www.MelissaTakesFashion.com

  3. Ashley says

    December 22, 2016 at 10:17 pm

    Such a great post! Definitely a relevant topic in today’s world!!!

    xo Ashley

  4. Elisabeth McKnight says

    December 22, 2016 at 10:48 pm

    great insights – and a good thing to think about when setting business goals for 2017!

  5. Sydney Power says

    December 23, 2016 at 2:46 am

    That is a very smart statement you have it is important to think about.

  6. Bailey says

    December 23, 2016 at 8:22 am

    Such a great read, thanks for sharing!

    xoxo,
    Bailey
    Here’s The Skinny
    @baileyschwartz

  7. Whitney says

    December 23, 2016 at 10:12 pm

    Great thoughts. Definitely a helpful topic and one we often get too busy to consider.

  8. Sandy a la Mode says

    December 30, 2016 at 8:36 am

    what a great topic!! thanks for sharing!

  9. styletab says

    January 5, 2017 at 9:26 pm

    This 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!

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This week as part of @LeeAnneBenjamin 's and my go This week as part of @LeeAnneBenjamin 's and my goal to teach out kids something new or give them a unique experience every week this year, we're building @Lego Technic cars from @Target #Ad. I thought Noah would really be into them, but I was surprised by just how obsessed Emma has been with them too. They take a few days to make, so we've been doing a little bit most mornings or evenings. @Target has a bunch of different ones, and even has an exclusive on some of them like the green Mustang we're building, which is one of the less expensive ones. It's been an awesome way to get some good one on one time with both our kids. Check out my stories for more info and some links. #TargetPartner #TargetStyle 

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Follow my shop on the @shop.LTK app to shop this post and get my exclusive app-only content!

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