Magic of invention and innovation
From I-dea to I-did-it, all you need is innovation, patience and a lot of Preparation
Graham Bell, the inventor of telephone once quoted, “Before anything else, preparation is the key to success.” Graham Bell spent nearly a decade in inventing the telephone. Why did it take him so long? Because he wasn’t prepared. He had an expertise in sound, but that is not all the things required. When you want to excel beyond limit, you need to think beyond limit, prepare yourself beyond limit. Here, in the context of marketing and developing business, preparation is the key, too. Well, what type of preparation does a business require? When you specifically say Business, it requires a lot of preparation. From understanding why the particular Business to arranging funds to marketing to development. Step by step, an entrepreneur has to find a solution to every need and requirement. While we analyse what preparations you need to concentrate upon while starting up a Business, we will also look over why is it necessary to consider some points to attain success and stay ahead among your competitors.
Starting with, every business requires an idea. An idea is a base for a Business. You need to think upon why do you want to invest your money, energy and other resources in something. Remember an idea should be common. But at the same time, it should be innovative. It should be such an idea that will lower the stress of your consumers and will find an alternative way for them to do their regular work. If you want to look for examples, consider Quanical Technologies pvt ltd. This a firm based in Mumbai which helps startups to build ideas and execute the same and grab success. Quanical takes best ideas from innovative companies and helps them to build a business out of the same. Common, yet differently executed. Now that’s an innovative idea.
Secondly, what Businesses need to focus upon is, the invention. In this technological world, you can’t expect success without technology in your palms. According to the Department of Science and Technology, from 2002 to 2016, nearly 800 companies had started their businesses, but of them only 423 survived, due to their updated technological status and invention of new technology. That is important. You need to invent something new. If you use the same old method, how can you expect audience to turn to you for their requirement? Quanical Technologies gives you an opportunity to build something new. It has helped several new technology companies to root their base. Apart from this it operates within its own invention laboratory, which lists them among the top technology companies in Mumbai. This is the reason why Your Business needs to invent something new. Unless and until you have invented something, you will have nothing succeeded. It’s your turn to choose!
In conclusion, I’d say it is essential to prep up structuring, designing and basically, finding method to chaos. But innovation and invention are the keys to successful business plans. Innovation establishes Business in the market and invention sustains Business in the market.
Ex. HDFC Ltd
7 年It is critical for any organization to keep innovating either in product or in process. But everyone needs to innovate