In today’s era, the production and exportation of varied products to international markets are growing bigger, all thanks to the excessive industrialization and globalization that enfold multiple industries. It makes it easy for people to access products whenever and wherever. As for consumers, they now have access to different kinds of products in different types and quality ranges.
To such a great extent, what should an entrepreneur like you, do in a market bombarded with a myriad of products? How will you supply and manufacture a product in markets filled with so many choices to choose from and with consumers who already have their trusted preferences?
A creative mind can answer all of these questions. Creativity aids you on how to ameliorate your existing business practices. A brand might be popular among the consumers and well-established, but there will always be room for improvements and corporate lessons for them. The power of creativity will help you come up with unique ideas and deliver innovation into existing practices.
So, What’s In it For Entrepreneurs?
There’s a lot of people who correlate creativity with self-expression and a product of inadequate restraint which may have the ability to bring chaos. Leadership, on the other hand, is all about control and order. It’s probably the reason why most people perceive entrepreneurship and creativity as a fickle combination.
If you’re one of those entrepreneurs who think that it only takes number-crunching and practicality skills to run a business successfully, you better think again! Take heed that creative thinking is a significant factor in good business acumen. The absence of creativity may lead or put your business in a stagnant mode.
In fact, the study conducted by Adobe and Forrester Consulting reveals that 82% of companies in the U.S believe that there’s a strong connection between business results and creativity. Furthermore, companies who actively advocate for creativity perform better than their competitor regarding competitive leadership, market share and revenue growth.
Still doubtful? The following 5 reasons explain why creativity is a good drug for entrepreneurs:
1. It Cultivates Innovation
When you conjure something and attach your name to it, you want to assure that it doesn’t only justify the expectations of customers, but also outdo them. You need to be careful and guarantee your product or service will be useful.
While it’s difficult to see this from the beginning, things will get clear once the sequential steps unfold and the idea is starting to materialize. It is the phase where you’ll realize the difference between innovation and invention.
A unique idea is an invention itself, but a unique and serviceable idea is an innovation. If you want to innovate, you need to look at the same thing differently and be creative. All of these will help you combine usefulness into a unique idea.
2. It Leads to High Success Rate
We always carry the belief that we’ll survive different life battles through intelligent thinking. But it’s not until we grow old when we realize although intelligence is a crucial quality, we need to possess creativity also as a necessity.
However, one sad fact remains – most businesses and educational institutes still put more weight on intelligence in comparison to creativity. Perhaps, it could be because intelligence is easier to manage and measure, while the latter is hard to spot.
There’s good news though. The trends are changing, and many companies finally discern that they need creative people to grow their empire.
“Happiness lies in the joy of achievement and the thrill of creative effort.” – Franklin D. Roosevelt
3. It Encourages People to Think
We’re now living in a world where creative problem solving is becoming one of the best ways to alleviate organizational issues. Creative problem solving works best when you have a highly-focused and disciplined ways of thinking.
Humans by nature have two modes of thinking, namely: convergent and divergent. We can either do one or both modes.
Convergent thinking is a highly analytical mode and aims to conjure a precise solution for a particular problem. The best examples of convergent mediums are computer systems, mathematical and accounting software and other data sources that yield accurate results.
On the other hand, divergent thinking is a mode that develops creativity through considering different possible solutions for the same problem. To make sure that your company gets the best resolution, you need to incorporate both modes of thinking by giving attention to divergent pathways.
4. It Harnesses An Employee’s Potential
Organizations can only utilize half of their employees’ potential if they don’t encourage them to be creative. It’s just fortunate that employees now realize there’s a well of creative ideas and information that are untapped and dormant at all levels.
Tapping these resources may involve a complex process such as solving performance-related issues, creating new financial strategies, enhancing processes, making them more profitable and efficient, or innovating to stay on top of the competition.
5. It Can Be Developed
Although most people believe that creativity is innate, many see creativity as a renewable resource that you can learn and tap anytime. All of us are born with a thought process and creative potential which can develop and reinforce as we grow.
For instance, learning new skills or inculcating new hobbies is an excellent way to test and hone your inherent creative skills. It’s also an efficient way to teach your mind to think in such a way that leads to creative thinking.
“There are two ways to extend a business. Take inventory of what you’re good at and extend out from your skills. Or determine what your customers need and work backward, even if it requires learning new skills. Kindle is an example of working backward.” – Jeff Bezos
Gone are the days where entrepreneurs need to analyze and make decisions according to hard facts only. The most progressive leaders don’t just settle down on hiring creative people for their team, they also train to make themselves creative and harness more usefulness and novelty in their ideas. Hopefully, the reasons above are enough factors for you to give more emphasis to this aspect of entrepreneurship and upgrade your prospects and business acumen.
What makes you creative? Share with us some stories below as we want to hear them!
Image courtesy of Twenty20.com
6 Ways to Keep Your Energy and Passion Alive as an Entrepreneur
Keeping a steady, healthy mind is crucial to your success
Embarking on the entrepreneurial journey is like setting sail on an uncharted voyage. While this is a time driven by purpose and rich with excitement, similar to a honeymoon phase, those feelings can often give way. Entrepreneurship is like a marriage and as such the mindset needs to be one of a marathon and not a sprint. (more…)
6 Entrepreneurship Myths That Need to Be Busted
Entrepreneurship transcends wealth, fueled by creativity, innovation, and determination
A Step-by-Step Guide On How To Launch New Product or Service
Whether you are a brand-new entrepreneur starting with your first business idea or a seasoned small business leader looking to grow your offerings, you should know that there is definitely a right way to launch a new product or service. Audiences tend to become accustomed to a certain type of product or service, especially from brands they already know. So, business leaders need to be careful about introducing new offerings, as they may impact how an audience perceives a brand. (more…)
8 Ways Entrepreneurs Can Harness the Power of Change
Change is not good or bad, but rather neutral, and it’s up to us to give meaning to the word.
Entrepreneurs, business owners, and creative thinkers work long hours to ensure success and make a difference in the world. We are taught to focus on the things we can control, such as our efforts, marketing strategies, and developing our skills, but we are often afraid of one thing: change. Change is inevitable, and is something we have to learn to embrace. (more…)
From $5 to $12 Million: Mignon Francois’ Proven 5 Step Recipe to PR Stardom
Mastering Portfolio Management: Your Comprehensive Guide to Checking Investment Holdings
Don’t Stress About Your Career Path, Do This Instead
3 Types of Team Habits That Can Transform Your Work Life
How Lucid Dreaming Can Propel You to Success
77 Inspirational Quotes That Will Change Your Life
(Images) 52 Motivational Picture Quotes For An Epic Year Of Success
40 Rare Motivational and Inspirational Picture Quotes
30 Famous Quotes That Will Inspire Success In You
(Images) 60 Colorful Picture Quotes To Empower Your Life
3 Prince EA Videos To Change Humanities Path To Greatness
(Video) What Is Success? An Entrepreneurial Story To Inspire You
(Inspirational Video) What If Today You Knew You Were Going To Take Your Last Breath?
How To Make Enough Money From A Blog To Quit Your Job – Kate McKibbin
How Finding Your Passion And Becoming An Entrepreneur Can Lead To Happiness – Chiquita Searle
Entrepreneurs3 weeks ago
6 Entrepreneurship Myths That Need to Be Busted
Change Your Mindset4 weeks ago
How to Let Go of Unconscious Patterns That No Longer Serve You
Success Advice2 weeks ago
5 Underrated Ways to 10x Your Self-Confidence In 7 Days
Success Advice2 weeks ago
How to Influence Yourself for Success: The Ultimate Internal Competition
Life4 weeks ago
How to Show Up Authentically According to Sheryl Lee Ralph
Success Advice3 weeks ago
How to Scale Your Side Hustle Into a Thriving Business
Life3 weeks ago
How to Embrace the Darkness to Hold More Light
Life2 weeks ago
7 Steps for Achieving Non-Attachment and Embracing Change