Principles of Innovation
Potential entrepreneurs need to realize that innovation principles exist. Can be learned and—when combined with opportunity—can enable individuals to innovate. Principles are as follows:
Be action oriented. Be active and searching for new ideas, opportunities, or sources of innovation.
Make the product, process or service simple and understandable.
Make the product, process, or service customer-based. Has the end user in mind.
Start small. Begin small and then build and develop.
Aim high. Aim high for success by seeking a niche in the marketplace.