Entrepreneurs
Case in Point: Creativity Is a Good Drug for Entrepreneurs

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
Entrepreneurs
The Mindset That Keeps Successful Entrepreneurs Sane on Social Media

Social media may have been around for the better part of two decades, but society is still learning the effects such technology has on our mental health. For emerging entrepreneurs, social media is a double-edged sword. Now more than ever before, we can start conversations and share our wins and successes, but we can also waste time chasing meaningless attention. At worst, we can suffer feelings of inadequacy and anxiety. (more…)
Entrepreneurs
How Does Emotional Intelligence Impact Entrepreneurship?

You don’t really need to be the smartest person on the planet to be successful. Skills and personality play an important role in the success of an entrepreneur. Emotional intelligence is one such trait that successful entrepreneurs vouch on. Emotional intelligence has arisen on the scene over the most recent couple of years as the secret to success in the business world. Nowadays many organizations look for this quality while employing their leadership team. (more…)
Entrepreneurs
3 Common Thought Patterns That Keep Entrepreneurs Playing Small

In recent years the topics of the power of our thoughts and human potential have been studied more and more, both in the lab and real world. These studies have shown undeniable proof of what thought leaders like Wayne Dyer and Louise Hay have always known – our thoughts are incredibly powerful and create the reality through which we experience our lives. (more…)
Entrepreneurs
To All the Social Entrepreneurs Out There, Keep Going

Recently a good friend of mine and I were sharing our New Year’s resolutions. Once she told me what she was planning, she also added that she felt like she was only now catching up to me and that I was ahead of my time. (more…)
- Motivation4 weeks ago
Why You Shouldn’t Ignore This Dark Method of Motivation
- Success Advice3 weeks ago
The Secret to Your Success Is Found in Asking Yourself Powerful Questions
- Success Advice4 weeks ago
The Best Business Books That Are Shaping the Future
- Entrepreneurs4 weeks ago
3 Common Thought Patterns That Keep Entrepreneurs Playing Small
- Entrepreneurs4 weeks ago
How Does Emotional Intelligence Impact Entrepreneurship?
- Success Advice4 weeks ago
How Influencers Can Monetize Their Social Assets for Long-Term Earnings
- Motivation3 weeks ago
You Can’t Create Success Without Tapping Into Your Sources of Motivation
- Life3 weeks ago
The Most Life-Altering Act of Self-Care You Need to Try
Timo
Sep 22, 2017 at 10:17 am
Listening to EDM music usually gets me in the creative mode. Walking also sparks my creative synapses. Good read!