Eight Ways to Balance Business Innovation With Financial Stability

  • 📰 RollingStone
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Experimenting with a new product or service shouldn’t come at the expense of your core business.

Content created by members of Rolling Stone Culture Council Rolling Stone Culture Council is an invitation-only network of industry professionals who share their insights with our audience.Opinions expressed are solely those of the author and do not reflect the views of Rolling Stone editors or publishers.

Innovation must be based on tangible customer needs. The key is to find out what your customers’ biggest problem is and figure out how to solve it — before you create the solution. That way, you reduce financial risk while ensuring your end product will be well-received by your customers. – There is something called your “bread and butter” — the incremental money that pays your bills. Start there. Then, analyze your choices for innovation to implement by the approximate cost of time and money. Next, prioritize them based on whether or not you can handle that innovation’s delivery relatively easily if successful. –

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 483. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

12 Ways Entrepreneurs Can Regain Their Sense of Passion for Their BusinessTaking time off to reconnect with your business's purpose is a great way to reignite your entrepreneurial passion.
Source: Newsweek - 🏆 468. / 52 Read more »

12 Ways Business Leaders Can Prioritize Their Mental HealthDiscover how top business leaders maintain their mental health—and why it's crucial for you to do the same.
Source: Newsweek - 🏆 468. / 52 Read more »