Innovative entrepreneurs are peoples with the power to invent totally new things. An inventive owner is someone who invents products and services that are so novel they change our thinking about what can be done at all in business, for good or bad.
What is innovation in entrepreneurship
Innovation is the secret weapon of entrepreneurs, empowering them to take advantage of change and create something new. It can be a learned skill that needs practice in order to perfect it!
Innovative entrepreneurs characteristics
We have a list of 7 characteristics for innovative entrepreneurs that think differently
They’re obsessive note-takers
Great innovative entrepreneurs are incessant note takers. Take notes, and you will never forget an idea. Thomas Edison left 3,500 notebooks behind at his death because he was a genius notetaker who took the time to take down ideas as they occurred to him- no matter where he happened be (in meetings or in bed).
Your best business strategy can be found at any moment.
They preach perfection, but practice progress.
The perfect balance between perfectionism and mediocrity is best. It’s a healthy pendulum-swing between the two: striving for the ideal while knowing you need to keep firing in order to make progress. Millionaire trader, Timothy Sykes says that “you have got to aim for perfection when it comes down to trading or anything else but know deep inside yourself that you’ll never get there.” That kind of attitude will allow one person not only be successful, but also enjoy themselves along the way!
They don’t wait for things to break
One of the most important skills to have in innovative entrepreneurship is a relentless desire to make things better. CEO Alynah Patel believes that, as great innovators, we should never stop improving and iterating our products or services just because they are working well.
They embrace paradoxical thinking
Great innovators are not afraid to break boundaries. Many people believe in “either/or” conclusions, but this type of thinking never gets anyone anywhere. Innovators see the world as a place where there is always more than one possibility for success, and they don’t hesitate to pursue their vision no matter what other limitations may seem like insurmountable obstacles at first glance.
They constantly look for patterns
Intentionally looking for patterns and drawing connections will allow you to spot potentials for innovations. The ability to “predict” or foresee a problem is highly valuable, especially among innovative thinkers who are able to see the subtle thread that produces an outlier in data sets.
They’re allied with their fear
One way that entrepreneurs innovation are have faced adversity throughout history is by welcoming their fears about potential failures: what those feelings teach us like increased empathy towards our colleagues or feeling stronger commitments than ever before are just some examples of how being afraid sometimes means we don’t fail.
They’re brilliantly lazy
Gates said that he would rather put a lazy person on an important task because they will find the easiest and most efficient way to complete it. Innovators work smarter, not harder. It’s a main process in entrepreneur innovation.
Conclusion
When it comes to innovation, many entrepreneurs fall victim to the misconception that there are no risks involved in trying out new and different things. However, the reality of business life is that there are risks involved, no matter what type of business you are getting into. By understanding the risks involved, and taking steps to prepare for them, you can greatly increase the chances that your business will be able to weather these stormy times and emerge stronger than before. If you want to be able to successfully apply innovation to your business, it is important for you to be well prepared for all types of unexpected events.
