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Thinking innovatively

Discussion in 'General Business and Entrepreneurship' started by Isaac Kieffer, Aug 31, 2016.

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  1. hello group!

    I have been reading a lot of books and studying in successful entrepreneurs and I have noticed that the mass of the population think they can become successful by doing what other successful people do. I was wondering your insite as it seems to me that most successful people became successful from doing something outside the book. People like
    Mark zuckerberg and Elon musk really just created something innovative and different. How could one get into the innovative mindset? Thinking outside the box.

    Let me know what you think.
     
    VirtualGlobalPhone likes this.
  2. bob1978

    bob1978 Member

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    Well I think thinking outside the box certainly helps you personally, but if you're saying it's something that has a higher chance of success than simply copying/replicating successful formulas, then probably not. The fastest path towards success, is to replicate/copy other ventures. Just how much success you'll get depends on various factors - competition, length of time since launch of the first innovator, market acceptance of yet another competitor, budget, employees, etc... and also on how you define success.

    Unconventional ideas and ventures are inherently risky, a lot of them don't pan out. But those that do (for other reasons), obviously get wildly successful, because either of a lack of competition, or perhaps because it's a brand new niche. Folks might see a few handful of cases where this is true, but they don't see all the huge masses of failures of outside-the-box thinking/ventures. You don't need to look very far to see what these ideas are - you might even be surprised to learn that most of them are absolute garbage. The most inane crap you can imagine, and you and anyone would ask why such a thing was needed in the first place. Promises of vast wealth tends to attract people from all corners of the world, people with multitudes of ideas for the market, and they all want to get in on the action. Not all of them are completely stable people either.

    Even if the idea is technically sound, there are still lots of hurdles to overcome. They still have to build it. It sometimes may take some expertise they lack, or necessary licenses they do not posses. In most cases, it is a lack of money that prevents most ventures from being realized. Usually though, even if they had all those things, they still lacked the necessary mindset needed to make the project come to life. Not talking about things like leadership or ambition - more of over-inflated egos, irresponsibility, deception, greed, and more. There are countless cases where the CEO of the venture act like an ass, doing things like spending the project's budget on personal junk, or attempting to back-stab another founding member of the business to kick them out, or making under-handed deals with questionable parties. I'm sure you've heard about the case in Malaysia, where the startup tried to screw over one of the founding members.

    Regardless, if anyone's wanting to reach mythic levels of success, I think in the end it's just a game of chance. You have to do the right thing, do it properly (and not be a selfish ass), at the right time, at precisely under the right market conditions, whilst flying under the radar of the competition. You could work and strive towards it, but I think it might be more productive to work on smaller scale projects with a higher chance of profiting from customers. In that case, thinking outside the box definitely helps you personally. And if one of those projects of yours suddenly becomes popular, don't do what Niantic did.
     
    Last edited: Aug 31, 2016
    Isaac Kieffer and azgold like this.
  3. VirtualGlobalPhone

    VirtualGlobalPhone Moderator MVP Member

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    @Isaac Kieffer ,
    Personality development, motivational book , lectures from successful people all just like a book we all would have studied during our school days. Just like how you cant use what you studied in school and college this also. That's reality !

    But we the earning people wont accept; we keep jumping from one to other just because we can afford it. So more variants of demand and supply gets created. That's the irony ...

    So our robotic mind keeps running behind 'success', just as trained in school and college to run to become 'topper'. That has become life of one self by other design. :)
     
    Isaac Kieffer likes this.
  4. azgold

    azgold Moderator MVP Member

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    @Isaac Kieffer

    Success leaves clues. Rather than reinvent the wheel, you can gain insight from those who've gone before you in the area you want to achieve success in. That doesn't mean that you can't put your own unique spin on things. Use the basic lessons from other people's successes to build your own.
     
  5. Stacie Woodland

    Stacie Woodland Member

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    @Isaac Kieffer, certainly some people make it rich by copying someone's idea but making it BETTER. However, I think most successful people see the need for some product or service and act upon their instincts to make it a reality. Entrepreneurs are problem solvers in many ways. You want one product to wash everything from your kitchen sink to your dog? Someone will make it happen for you. Some also take aspects from other successful people, expand on them, and combine them with other ideas to make the America's Next Top Invention. I don't think there's a sure-fire way to succeed, just look for what your target audience needs/wants.

    Or create what YOU need/want, and find the audience to share it with.
     
  6. David_Wu

    David_Wu Member

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    Hi Isaac,

    I agree with Stacie and most of the people here. Copying a business model or idea won't get you too far, but improving one can be called innovation - and that's what can make any person highly successful. Sometimes, it just starts with very simple questions, or day to day inconveniences. There was this one time that a former professor asked if there is an app that could convert doc files to powerpoint presentations (so far, I don't think there is), but someone with a good computer science background could certainly develop the idea. So I guess, you should try taking note of the inconveniences you encounter or hear daily, and try to imagine ways on how you can create something out of it.

    I hope this helps.
    All the best!
     
    Isaac Kieffer likes this.

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