Series: Eight Ways to Innovate

When you started your company and built it up from scratch, you never imagined that you’d eventually be hitting the “panic” button. But lately, the landsliding business environment has made it difficult not to enter survival mode. Before you close up shop and wait out the COVID-19 pandemic or the arduous journey toward Brexit, let’s think about eight ways you can incorporate innovation into your business to help you come out of lockdown stronger than ever.

In our 8-part series, we’ll look at ways you can innovate your business:

  1. Innovate Your Business With Bold Strategies
  2. Innovate Your Business With a New Business Model
  3. Innovate Your Business With Better Products and Services
  4. Innovate Your Business With Process Improvements
  5. Innovate Your Business With Marketing Techniques
  6. Innovate Your Business By Adopting New Technology
  7. Innovate Your Business By Revamping Your Supply Chain
  8. Innovate Your Business With Your People and Culture

How You Can Develop a Business Strategy That Integrates Innovation Into Your Workplace Culture

How to Develop a Business Strategy That Integrates Innovation Into Your Workplace
This entry is part 1 of 8 in the series Eight Ways to InnovateWhen you started your company and built it up from scratch, you never imagined that you’d eventually be hitting the “panic” button. But lately, the landsliding business environment has made it difficult not to enter survival mode.

Before you close up shop and wait out the COVID-19 pandemic or the arduous journey toward Brexit, let’s think about 8 ways you can incorporate innovation into your business to help you come out of lockdown stronger than ever.

In our 8-part series, we’ll look at ways you can innovate … Read More »

The Top 3 Things To Consider When Innovating Your Business Model

3 Things To Consider When Innovating Your Business Model
This entry is part 2 of 8 in the series Eight Ways to InnovateThere are lots of ways you can go about improving your business. You can incorporate new technology, launch a new product or expand your revenue streams.

If you want a good place to start, check out our first post in this series about 8 ways to innovate your business.

Here, we’ll focus on transforming your business model with innovation. There are three things to keep in mind when exploring new business models:

Design your business model around bringing value to your customers; Develop a strong business infrastructure;… Read More »

How You Can Jumpstart Your Business Growth By Applying Innovation To Your Products or Services

Jumpstart Your Business With Innovative Products and Services
This entry is part 3 of 8 in the series Eight Ways to InnovateWhat do a restaurateur and a financial wellness consultant have in common?

It may sound like the introduction to a bad joke but it’s actually a fitting comparison for 2020’s economic and business environment.

Both are entrepreneurs feeling the business impacts of COVID-19.

Robert the restaurateur feels the social separation measures which keep customers away from his restaurant. Aamirah the financial advisor finds it hard to come by new wealth management clients amidst crashing global markets and business slowdowns.

While things may look grim for both entrepreneurs, … Read More »

4 Questions You Need To Ask Yourself to Quickly Improve The Efficiency Of Your Business Processes

4 Questions to Ask Yourself to Improve Your Business Process Efficiency
This entry is part 4 of 8 in the series Eight Ways to InnovateRunning your business is complex. As it grows you have to add more employees, departments and partners to the mix. When you get to the office and see six new voicemails and a full inbox, your business starts to feel chaotic.

Luckily for you, there are ways to stay on top of the chaos. In this article of our series on 8 Ways to Innovate Your Business, we’re looking at ways to improve business processes.

When growing your business, you have to look at how you do … Read More »

7 Innovations You Should Apply To Get You More Bang For Your Marketing Bucks

7 Innovations To Get More Bang For Your Marketing Bucks
This entry is part 5 of 8 in the series Eight Ways to InnovateIf you’re a small business, your marketing budget may be a sliver compared to your other departments. It can be hard enough to keep a business open during tough economic times, let alone feel comfortable pouring cash into marketing campaigns.

In this post, part of our series on 8 Ways To Innovate Your Business, we’re talking about how innovation in the marketing department can help create a buzz for your products or services.

Can you develop great marketing campaigns while on a shoestring budget? The answer is … Read More »

Can New Technology Give You An Unfair Edge Over Your Competition?

Can New Technology Give You An Edge Over Your Competition?
This entry is part 6 of 8 in the series Eight Ways to InnovateJane owns a transportation company and was profiled in a different post on the Innovolo blog. She’s an example of a business owner who, despite a horrific economic climate and impacts of the COVID-19 pandemic, is deciding to move ahead with incorporating new technologies into her business.

Why is she doing this? Despite social isolation measures to stop the spread of COVID-19 and the widespread closure of non-essential businesses across many countries, now is actually a good time to take an inward look and innovate your business. … Read More »

3 Ways You Can Innovate The Supply Chain For Your Business

3 Ways To Innovate Your Supply Chain
This entry is part 7 of 8 in the series Eight Ways to InnovateIn the next post in our series – 8 Ways to Innovate Your Business – let’s look at how to innovate your supply chain and your outsourcing techniques.

This post is geared toward those that rely on other companies and manufacturers to provide end-products to their customers. It includes industrial and manufacturing companies but also knowledge sectors such as the public service which relies on relationships with other enterprises and contractors.

Even if you’re a small business that operates out of your garage, you may not realize … Read More »

Why You Must Empower Your People To Unlock Your Full Innovation Potential In Your Business

Empower Your People To Unlock Your Innovation Potential
This entry is part 8 of 8 in the series Eight Ways to InnovateWhen times are tough and sales are slow, managing your people may be one of the most challenging parts of your business. The social and economic lockdown that grips many parts of the world from COVID-19 has forced businesses to lay off thousands of employees.

Even in tough times, how you manage your organisation’s people can be a great place to let innovation spring to life. Unlocking that innovation is perhaps all the more essential for your business to stay on its feet when cash is tight … Read More »