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5 Ways To Make Innovation A Priority In Your Business

Startup Professionals Musings

For example, Elon Musk, who owns many battery patents , normally kept for a competitive edge, decided to open them all to any competitors in an effort to expand the market for his electric vehicles. Generously reward your team for learning from innovative ideas, including failures. Always practice thinking outside the box.

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10 Key Business Founder Checks Needed Before The Plan

Startup Professionals Musings

Trust your own insights, and if you have to ask for business ideas from others, I recommend that you stay where you are until you’re certain of your own idea and solution. In business, there will always be someone out there with more money, a better location, or more resources, ready to take your idea and squeeze you out.

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8 Tips For Success In Turning A Dream Into A Business

Startup Professionals Musings

Unfortunately, in my experience, it takes much more than an innovative idea to launch a successful business today. Over time, I have collected a list of new business attributes that go beyond the initial idea or solution, which often are more critical to long-term success and satisfaction. Be customer focused, not technology focused.

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