Jason Miller, the CEO and Strategic Advisor Board, is known for helping influential brands and celebrities create generational wealth with their businesses. In today’s fast-changing times, staying ahead of competitors and industry trends is vital. Miller emphasizes fostering innovation, continuous employee training, and prioritizing customer experiences as keys to driving innovation within businesses and industries.
Innovation and disruption are crucial for business growth. Small businesses that focus on innovation can increase revenue by up to 69%, as per a ZipDo report. While it may be easier and cheaper to continue with what has been working, looking into innovation is important to gain more profits in the long run. Some industries move faster than others, but no matter the business model, it is recommended to disrupt the industry.
Disruption refers to making a significant change in the industry or business, causing a shift and changing the normal sequence of events. By creating a big enough change, traditional products or services can be replaced with new ones. Although challenging, it is essential to think about and explore ways to cause disruption in your industry.
To cause disruption in your industry, it is important to cultivate a culture of innovation by valuing employees’ input and creating an environment that values creativity and experimentation. Investing in continuous employee training and staying on top of the latest industry trends is crucial for maintaining competitiveness and driving innovation.
Monitoring industry trends, staying customer-centric, and investing in better tools that provide detailed feedback are also important for creating disruption. By staying committed to creating the best experience, product, or service for customers, businesses can stay ahead of the curve and drive innovation in their respective industries.
Being proactive with customer problems, anticipating potential issues, and going through the client journey are also key elements to staying customer-centric and continuously creating value for clients. Overall, to create disruption in the industry, it is essential to cultivate a culture of innovation, monitor industry trends, and prioritize customer experiences while investing in employee training and cross-training.
