958. Why Innovation Is The Key To Rapid Growth In Your Business for 2024
The Kelly Roach Show
Kelly Roach
4.9 • 965 Ratings
🗓️ 2 October 2023
⏱️ 19 minutes
🧾️ Download transcript
Summary
As the world continues to change, it's becoming more and more important to build your business on a foundation of innovation. Today, on the Kelly Roach Show, I am breaking down:
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The Underestimation of Innovation
- Despite being at the heart of entrepreneurship, innovation is often overlooked because of abundant tools and resources.
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The Need for Innovation
- The importance of utilizing the existing tools, resources, and talents in a business for innovation.
- All businesses go through cycles; the challenge is to achieve better results without additional effort or money.
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How Innovation Saves Businesses
- Businesses that prioritize innovation have a better chance of thriving in challenging seasons.
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Top 5 Ways to Innovate to Elevate in Business:
Links mentioned in today's episode:
- The Advance Innovation Society: advancesociety.com
- The Advance Nashville Event: https://advancesociety.org/nashville
Stay Connected With Kelly Roach:
Instagram | LinkedIn | Facebook | Youtube | Kellyroachcoaching.com | Email: danielle@kellyroachinternational.com
Grab One Of Kelly's Roach's Bestselling Books:
Transcript
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| 0:00.0 | Welcome to the Kelly Roach Show, the place for no fluff easy to implement 20 minute or |
| 0:10.9 | less business and leadership lessons to help you build a sustainable business that scales. |
| 0:17.6 | Lead with integrity and create a lasting legacy. |
| 0:21.4 | I'm Kelly Roach, former NFL cheerleader and Fortune 500 executive turned 8 figure entrepreneur. |
| 0:28.2 | Let's get started. |
| 0:29.9 | Welcome back to the Kelly Roach Show. |
| 0:31.8 | Today, we are digging into how simplifying your business will impact your life. |
| 0:39.5 | So one of the things that we don't talk about enough in the entrepreneurial space is the concept |
| 0:45.2 | of opportunity cost and mental load. |
| 0:47.8 | And we're going to talk about both of those things today. |
| 0:49.9 | Most entrepreneurs are in a constant state of task switching. |
| 0:55.0 | Their mental load is completely maxed out, which means that they're just trying to get by |
| 1:01.2 | managing all of the priorities and all of the things that they have on their plate, |
| 1:06.2 | which means that they're in kind of that focused, frantic execution mode, right, |
| 1:11.4 | which leaves almost no room for creativity and innovation, |
| 1:16.6 | which is what actually solves problems and moves the business forward, right? |
| 1:20.4 | And when our mental load is stacked to the brim, |
| 1:24.2 | it's really, really difficult to grow the business because you don't have the capacity |
| 1:31.9 | to be thoughtful and strategic about permanently solving problems. |
| 1:37.0 | Instead, you are urgently putting band-aids on things over and over again, |
| 1:40.8 | which means you're solving the same problem hundreds of times over and over again, |
| 1:44.8 | which means that you're just treading water. |
... |
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