Innovation is the key to good business – but that doesn’t mean you have to reinvent the wheel.
An innovative proposition simply has to approach an old idea in a new way to gain a competitive edge.
Put that way, creating a successful business sounds easy, but edging forwards into new territory on your own can be a head scratcher.
As with any effective venture, collaboration is the most effective route to success. That’s why we’ve come up with a few strategies to help collaboration thrive in your business. Give them a look and see if you can implement them into your plans for the future.
Join a Growth Hub
Plenty of offices require you to share your premises with other SMEs, but few make the effort to foster cross-company collaboration. Instead, you share your space grudgingly, like student flatmates who’ve grown to despise each other over the course of a semester.
Arise Innovation introduces a unique concept which allows networking to happen alongside collaboration with academics and students. Businesses not only work together but are also invited to attend mutual networking events and business productivity seminars to help them grow.
This is a space in which businesses can find mutual ground and collaborate on new and exciting projects.
Network Frequently and Effectively
Networking opportunities seem few and far between when you’ve got a schedule which handcuffs you to your desk all day. But the truth is, networking with potential business partners and clients is equally as important as paperwork.
There are multitudes of networking opportunities across the UK, and the easiest way to find them is via Eventbrite, the most popular ticketing and event platform in the country.
Networking events are also regularly organised by your local business bureau or chamber of commerce, so be sure to check in with them regularly.
Without hunting down new connections at networking events, your company’s business aims and chances for growth will inevitably stultify. New connections are important. Always be on the lookout for them.
Don’t be Afraid of Freelancers
Freelancers are the mercenaries of the business world, always on the hunt for some tasty loot in return for their finely honed professional services.
While their professional promiscuity might make them seem like a breed apart from the committed workaholics of your in-house team, freelancers can be incredibly useful to your corporate structure.
A freelancer who understands your company can bring fresh eyes to its inner workings, whether they’re a writer, an accountant or a computer programmer.
However, some people are hired specifically to bring an outsider’s perspective to your business plans, showing you what works and what doesn’t.
The freelance business analyst trade is a crowded one, but worth looking to if you’re struggling to find an innovative USP.
That’s our list! But it’s only the tip of the iceberg. If you have any other innovative business ideas, we’d love to hear them. Simply let us know in the comments below.