The 6 Ways to Grow a Company
Why Coworking Makes Sense – Tangible and Intangible Benefits
The first step to generating real growth is to understand where it comes from. It can be boiled down to six simple categories: new processes, new experiences, new features, new customers, new offerings, and new models. Deciding which ways to grow needs to be intentional — not driven by luck. Innovation budgets are finite, so allocations of your scarce resources should reduce risk and focus on the best bets. It needs to be balanced for maximum return the same way a retirement fund needs to be balanced among high and low risks and rewards.
Do Entrepreneurs Need a Strategy?
One of the many factors that has led to the sprouting of coworking spaces is the multitude of youth populating the modern workplace. The workplace is more connected than it has ever been before. Employers too, have given ear to this connectivity and heightened amount of human interaction, and have recognized that these factors can actually help foster productivity and innovation.
4 Ways Co-Working Spaces Inspire Innovation and Collaboration
Many entrepreneurs, operating in the fog of uncertainty, worry that exploration will delay commercialization. They go, therefore, with the first practical strategy that comes to mind, deriding the deliberation and planning that accompany careful strategizing. As Richard Branson has famously claimed, “In the end you [have] to say, ‘Screw it, just do it’ and get on and try it.”
If you work alone, or with only a select group, you may be limiting yourself and your company. More interaction, ideas, concepts and thinking often lead to more innovation, creativity and a more profitable business. Environments that convey this kind of positive energy are a key reason that coworking is growing at a dizzying pace.