5 Tips to Promote Innovation

by / ⠀Entrepreneurship / December 7, 2013

Albert Einstein once said,


What I infer from this saying is that your imagination should be exclusive and markedly high, so that you could learn and equip yourself with the knowledge to tackle the hurdles of life and excel towards your aim. Knowledge is important, there is no denying that fact, but if you have no vision then you are off the beam.

The young entrepreneurs of today are likely to be the successful businessmen of tomorrow. But do all of the young entrepreneurs turn out to be successful business people?  The answer to this question, unfortunately, is no. the following are some important pointers that all young entrepreneurs should keep in mind while trying to prove themselves in the market.

Enthusiasm and zest

Being young, you have an enthusiasm and fervor that can definitely help you to reach the vertical highs of success.

Ralph Waldo Emerson said,

Nothing great was ever achieved without enthusiasm.’

So, no matter whether you delve into the cloth manufacturing sector, the real estate industry, the tricky stock exchange market or any other business, you should not loosen the grip on your enthusiasm, for it will act as a catalyst for your business’ success in the long run.


Failing at the beginning is a no big deal. You are young, but your entrepreneurship should be mature. By initial failures, you should not pull back from approaching towards your goals. With perseverance and persistence, you as a young entrepreneur can surely outperform many others in your business niche. Take the example of Apple. Steve Jobs was also a young entrepreneur and his persistence made him a true triumph story.

Steve Jobs said,

I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance.”

So, be young at heart but give your entrepreneurship a whip of maturity with perseverance.

Adopt a fast growth pace

You are young today but time passes by as quickly as the sand slips through fingers and soon you too will grow old. You should work towards your goal at such pace that your competitors fail to keep up with you. Moving ahead quickly does not mean you start compromising on the important aspects of your business. Always try to reach for the extraordinary prospects and hurry up in doing so because if you don’t do that, someone else may take the lead.

Mario Andretti said,

“If things seem under control, you’re just not going fast enough.”

Never disregard innovation

Being a young entrepreneur, you should always remain steadfast towards innovation and novelty, for innovation can pave an easy way towards success. Especially, for young entrepreneurs, the heedfulness towards innovation can indeed become a wondrous commodity.

Peter Drucker said,

Innovation is the specific instrument of entrepreneurship; the act that endows resources with a new capacity to create wealth.”

Again unleash the maturity of your entrepreneurship and bring value-adding innovation into your products and services. The innovation that does not add value to a product or service is likely to fail and also taint your business’ image.

Build up your reputation

When you enter into the market, nobody knows about you. You initiate marketing campaigns to reach out to people. You may start building relationships this way, but you better not forget about building a good reputation. In my view, a good reputation is something that ensures the survival of your business in the longer run. So, build up a good reputation in the market and work to protect it because the survival of your company depends on it.

Warren Buffet said,

It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”

The Bottom Line

So, these were some of the important picks that I deem important for the young entrepreneurs to regard. All these aspects prove that you’re a mature entrepreneur, who just knows how to achieve the goals by converting weaknesses into strengths and threats into opportunities.

This post has been written by Julie Robert, marketing analyst at Bayut.com. She has wide knowledge of Dubai real estate, Dubai real estate agents and Dubai Rentals.

About The Author

Matt Wilson

Matt Wilson is Co-Founder of Under30Experiences, a travel company for young people ages 21-35. He is the original Co-founder of Under30CEO (Acquired 2016). Matt is the Host of the Live Different Podcast and has 50+ Five Star iTunes Ratings on Health, Fitness, Business and Travel. He brings a unique, uncensored approach to his interviews and writing. His work is published on Under30CEO.com, Forbes, Inc. Magazine, Huffington Post, Reuters, and many others. Matt hosts yoga and fitness retreats in his free time and buys all his food from an organic farm in the jungle of Costa Rica where he lives. He is a shareholder of the Green Bay Packers.