Curtis Battles, https://www.newcanaanadvisors.com, shares tips to spark innovation in your daily routine. In our last article, we discussed the advantages of using “crystal ball” in a business setting. While one can hope that gazing deep into such a device can reveal the future, this is usually not the case. Instead, one can brush up on their “Future Spotting” ability which refers to having an awareness of emerging trends. When thinking about growth plans for your enterprise, you have to be knowledgeable of the marketplace you’re in and its changing dynamics. By keeping up with new technology and trends, an entrepreneur has the ability to be on the cutting-edge of unique opportunities.

How you catch the wave will have a long-term impact on your enterprise. Think about how more people are using virtual offices and virtual services like cloud based technology over the past five years. You may still have a physical office, but anticipating future trends will help you decide:

If you don’t have the resources to engage a futurist, interact with somebody that can bring innovative ideas to the forefront. My suggestion is to deal with young adults, as they are the ones that:

It is critical to always keep your mind open to new ideas. In fact, many professionals are colored by their own experiences and they get used to dismissing new approaches. This makes them unable to quickly see new opportunities or to welcome a different perspective. Young folks don’t have that experience. If they try something and it didn’t work, they try again with little fear of failure.

One way to keep your mind open to new ideas is to interact with concepts you would normally not encounter in your daily routine. I recommend you regularly purchase the print version of at least two magazines that are outside your regular sequence. I subscribe to Surfing Magazine, where I see people in exotic locales, skimming over waves, as well as a Southern lifestyle magazine called Garden and Guns. Both magazines serve as a catalyst to help me think outside the box.

If you don’t think about the future properly, you’re going to be like the dinosaurs and become extinct. They had no ability to adapt to new conditions. In real estate, if you have an older building or underutilized piece of land you must be able to think of a re-imagined use for it, in order to continue creating value.

New Canaan Advisors specializes in helping “translate your dreams into reality.” Please feel free to contact me to discuss how we can partner in taking your enterprise to the next level, using innovation and Future Spotting.

Curtis C. Battles

203-461-8711

ccbattles@newcanaanadvisors.com

www.newcanaanadvisors.com

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