Innovation is an increasingly imperative part of any successful enterprise, but it takes savvy executives to develop a workplace culture built around innovation. Innovation gives companies an edge over their competitors, but lack of innovation in business can cause failure. Research indicates that in the past 21 years, 52% of Fortune 500 companies have gone … Continue reading Why Do Companies Fail to Innovate?
As entrepreneurs, business owners, and innovators, we are connected to our customers now more than ever before. Since we live in a fast-paced world that is in constant flux, businesses have to adapt their innovations to remain flexible and relevant. Customers consume, demand, and interact with products—they want to be co-creators and they want value … Continue reading What is Continuous Innovation?
Building a successful business innovation lab balances creative freedom with quality management processes and analytics to generate ideas that improve a business’ future prospects. McKinsey reports that 84% of executives consider innovation an essential part of their future success. 80% believe their business model is at risk without it. And only 6% are satisfied with … Continue reading How to Build an Innovation Lab
In the world of startups, there’s a common bias among investors towards teams of founders. While we can’t speak for every investor out there, it seems the common reason for this perspective comes down to skills; two founders bring twice as much experience and perspective to the table. This is such a pervasive bias that … Continue reading Can a Single Person Start a Startup?
You’re a curious entrepreneur with an idea. How can you start a business from scratch and turn your invention into an innovation? Innovation is about examining what others have left unexamined. It’s challenging the status quo, noticing trends that others are missing, and uncovering hidden customer desires. There are many reasons for starting a new … Continue reading How to Start a Business From Scratch
You have a great idea for an app or digital product. You are confident it will transform your target industry and improve the lives of end users. But what will it cost to get it off the ground? Calculating tech startup costs is a process dependent on your assumptions. Unexamined assumptions can put your business … Continue reading How to Calculate Startup Costs for a Small Business
Venture studio helps launch ideas into companies with accelerated NEXT UP program INDIANAPOLIS, April 21, 2021 – NEXT Studios, a Midwest venture studio designed by entrepreneurs, for entrepreneurs, with entrepreneurs, announced today the launch of the NEXT UP program. The program is launching its inaugural cohort starting Monday, May 3, 2021 with women-led startups from around the Midwest chosen to take … Continue reading NEXT Studios Launches NEXT Up Program to Advance Indiana’s Rising Startups
It is estimated by Enhance Ventures that there are now over 550 studios in operation around the world, having grown by 625% since 2013. This growth may come from several factors: Due to the rapid growth of large cloud-based platforms like Google, Amazon and Microsoft, there has been a reduction in the availability of venture … Continue reading Why Are Venture Studios Popular?
The new engine of intentionality in the world of startups and innovation Sometimes called “startup studios,” venture studios are organizations designed to create new startup companies. They do this either by generating new ideas for startups or by recruiting founders with ideas, and then they apply significant amounts of time and capital to the process … Continue reading How Do Venture Studios Work?
An Interview With Orlando Zayas This interview was originally posted on Medium. Can you generate more than a financial return? All successful things require both selfish and altruistic motivations. If you’re only altruistic, you won’t have the stamina to succeed, but if you’re only selfish, no one will want to work with you. Successful companies … Continue reading John McDonald of NEXT Studios: 5 Things I Need To See Before Making A VC Investment
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