How Breakthrough Ideas Emerge from Small Discoveries

When you think of great inventions from the past, do you picture the inventor with a light bulb image over their head crying “eureka!”?  Whether it’s the automobile, light bulb, airplane or iPod, our tendency is to think of these as breakthrough concepts that came in a flash of brilliance. But that couldn’t be further from the truth.

Thomas Edison tried over one thousand different materials for his light bulb filament before he found one that would stay lit without burning up. And so it has been with many of the great innovations throughout history.

Peter Sims, author of Little Bets, puts it this way, “…all of them have achieved remarkable results using a surprisingly similar approach: methodically taking small, experimental steps.” He continues, “Rather than believing they have to start with a big idea or plan a whole project out in advance, trying to foresee the final outcome, they make a methodical series of little bets about what might be a good direction, learning critical information from lots of little failures and from small but significant wins that allow them to find unexpected avenues and arrive at extraordinary outcomes.”

Among the methods that Sims discovered as he researched these innovators:

  1. Failing quickly to learn fast.
  2. Trying imperfect ideas.
  3. Engaging in highly immersed observation.

These methods “…free their minds, opening them up to making unexpected connections and perceiving invaluable insights. These methods also unshackle them from the constraints of conventional planning, analytical thinking, and linear problem solving that our educational system overemphasizes at the expense of creativity.”

Perhaps your company has been looking for that big idea, that break-though concept. Maybe it’s time to try a different method for sparking innovation. Join Soundview and Peter Sims on April 30th to hear Sim’s full explanation of this approach and learn how it can be applied to your business. Register for our Webinar How Breakthrough Ideas Emerge from Small Discoveries and we’ll save you a seat at the table.

Seth Godin Paves the Path of the Artist

THE ICARUS DECEPTION

How High Will You Fly?

To be a success today, writes prolific marketing thought-leader Seth Godin in his new book, The Icarus Deception, you must be an artist. Everyone in every field, including business, must be an artist, because artists — true artists — are not afraid to stand out, to take chances, to reject conformity and the old way of doing things. “Art is an attitude,” Godin explains. “Seizing new ground, making connections between people or ideas, working without a map — these are works of art, and if you do them, you are an artist, regardless of whether you wear a smock, use a computer, or work with others all day long.” (Godin notes that many painters are not artists, because they simply paint the same things as other painters who came before them. Their work, Godin insists, is not art.)

Being an artist is required because today, Godin writes, your comfort zone — the corner office, the degree from a famous college, the secure job with the big company — is no longer the safety zone. Comfort zone and safety zone used to be one and the same — you did want to earn that degree and get that secure job because it was both comfortable and safe. But here is where the problem rises today, Godin writes: When you’re comfortable, you’re probably not safe. Not in what Godin calls the “connection economy.” In the connection economy, the plushness of your office or the size of your factories mean nothing if you’re not making connections. “If your factory burns down but you have loyal customers, you’ll be fine,” Godin writes. “On the other hand, if you lose your customers, even your factory isn’t going to help you — Detroit is filled with empty factories. The comfort zone used to be found in the mass market. Efficiency of marketing and manufacturing kept you and your company safe.”

But the Internet changed everything, Godin writes. The real safety zone lies in making products for the “weird,” not for the mass market. “It’s now cheaper and more efficient to make edgy, amazing products for the weird edge cases (who are listening and talking and who care) than it is to push yet another average product onto the already overloaded average people in the middle of the curve,” he writes. In other words, it’s safer to market to the edge.

And that is where being an artist becomes important, according to Godin. He put a considerable amount of artistry into the creation of his own book. The Icarus Deception is partly the product of Godin’s fundraising effort on Kickstarter.com. It was the publishing equivalent of a PBS pledge drive on overdrive, complete with premium items tiered by the amount donated.

Assets of the Artist

In a chapter entitled “The Connection Economy Demands That We Create Art,” he explains that in today’s economy, success depends on six “assets”: trust, permission, remarkability, leadership, stories that spread, and humanity (connection, compassion and humility). “These assets aren’t generated by external strategies and MBAs and positioning memos,” writes Godin. “These are the results of internal trauma, of brave decisions and the willingness to live with dignity. They are about standing out, not fitting in, about inventing, not duplicating.” In other words, these six indispensable assets “are the result of successful work by artists.”

Successful leadership today is also the work of the artist, Godin writes. Instead of the controlling boss of the past, the new leader is vulnerable and willing to take us to new, unsafe places. Also, in the past world of limited choice, shelf space was the key asset. As Godin explains, “You could buy your way onto the store shelf, or you could be the only one on the ballot, or you could use a connection to get your resume in front of the hiring guy.” Today consumers have an overabundance of choices, which makes such tactics obsolete. To gain the attention and trust of others, you need to launch “stories that spread,” Godin writes.

In The Icarus Deception, Godin argues that we have been deceived into believing that we shouldn’t try to fly too high. Godin notes that the other side of the story — that Icarus was also warned not to fly too low — is never told. There is a bias against those who reach for the sun, he insists. The Icarus Deception is an assault on that bias, filled with typical Godin humor, imagery and passion.

Lessons from the Pumpkin Patch

Leave it to an entrepreneur to see business growth principles in a pumpkin patch! That’s what Mike Michalowicz has done in his book The Pumpkin Plan.

We’ve all seen pictures of the huge pumpkins, up to a half ton in weight, that are grown by farmers each season in a bid to win the county fair prize and garner some attention for their produce. Michalowicz saw an article in a local newspaper that provided one farmer’s secret to growing the biggest pumpkin and applied it to business. Here are his seven steps for growing a business:

Step One – Identify and leverage your biggest natural strength.

Step Two – Sell, sell, sell.

Step Three – As your business grows, fire all of your small-time, rotten clients.

Step Four – Never, ever let distractions – often labeled as new opportunities – take hold. Weed ‘em out fast.

Step Five – Identify your top clients and remove the rest of your less-promising clients.

Step Six – Focus all your attention on your top clients. Nurture and protect them; find out what they want more than anything, and if it’s in alignment with what you do best, give it to them. Then, replicate that same service or product for as many of the same types of top clients as possible.

Step Seven – Watch your company grow to a giant size.

While these principles seem simple enough, the follow-through is not always easy. What new business dares to drop clients on purpose? But this is the key to Michalowicz’s growth plan.

To help you grow your business, we’ve invited Mike to join us for our next Soundview Live webinar on April 2nd to that you can hear his full explanation of these principles, and ask your burning questions regarding how to apply them to you business. You can register for How to Grow a Remarkable Business in Any Field today.

A Smart Approach to Risk

RISKY IS THE NEW SAFE

In his latest book, Risky is the New Safe, prosperity guru Randy Gage offers a fast-paced, high-energy take on the future and what will be required to succeed. Gage, who turned around a life of drug addiction and jail to become a multimillionaire, can be at once inspirational and infuriating — and he probably likes it that way.

For Gage, being a contrarian is one of the keys to future success. “The reality is most people today are automatons, blindly following the herd through the motions of life,” he writes. Instead of being afraid of being contrarian, you should be afraid if you’re not, he continues. “Not only is risky the new safe in the new economy,” he writes, “weird is the new normal.”

Trained Monkeys and Puppy Clones

Gage launches the book with two personal experiences of the weird. In Thailand, he stumbles onto monkeys trained to harvest coconuts. In a San Francisco airport lounge, he meets a couple with a cute puppy — that happens to be cloned (the couple’s story is confirmed at final destination, where they are met by a gaggle of press). These two strange examples portend the future of work and jobs, he writes. “There are millions of jobs that can and probably someday will be performed by monkeys — or dogs or cats or dolphins,” he writes. And perhaps someday, Jones & Sons Hardware on Main Street won’t need to hire employees since Mr. Jones Sr. can clone all the sons he needs.

Mobile Apps and Financial Debacle

From the weird, Gage moves to predictions based on the vast changes that technology will bring — changes that outpace even the changes brought on by the Internet. Gage foresees a future that ranges from screens on glasses and lenses to the replacement of traditional broadcast networks with individually tailored networks called The My Network (TMN), which will be watched on a vast array of devices from smart phones to wristwatches, and to the explosion of virtual reality applications, some more tawdry than others.

Gage also predicts a global financial debacle caused by governments and a mass hatred of the rich. Sadly, Gage’s suggestions, such as buying real estate, putting your retirement money into several currencies and buying gold, may be out of reach for most readers.

Tribes and Ego

Gage is on more engaging ground when he describes the potential that continued developments in technology and social media create for marketing and customer service, allowing companies to turn their customer base into — to use Seth Godin’s term — tribes. A proud “parrothead,” Gage describes in detail how singer Jimmy Buffet pioneered the creation of tribes. In the same chapter, Gage predicts the retail world will be rocked by the explosion of network or multilevel marketing (think Amway), which he calls “social media on steroids, in 3-D and living color.”

In the final two chapters, Gage urges his readers to harness their egos for success and to be selfish. Extolling the virtues of Ayn Rand and Objectivism, Gage explains that the danger for most people is “when you see serving and helping others as more important than helping yourself. It’s a sure sign of low self-esteem, worthiness issues, and harmful mind viruses — and that is the fastest way to a life of victimhood, resentment and frustration.”

Whether or not you are a Rand fan, Gage’s core theme — that there are opportunities for anyone willing to think differently and take risks — is one that all should take to heart.

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How to Have an Impact

Do you want to make a difference? Do you want to influence others to take up your passion? Do you want to have a positive effect on the people in your business, family and community?

Read what Chris Brogan and Julien Smith say about this desire to have an impact:

“We want you to think about how your tribe can come from anywhere. We want you to think about how to leave an impression on those who matter and help them gather around you. We want their passion and yours to come together so that you can leave your mark in the world. In short, we want you to have impact.”

In The Impact Equation, Brogan and Smith define the challenge as this “…what’s needed to be seen is a strong idea moved across a well-built platform and into the hands of relationships you’ve built and maintained.” So they came up with a formula to explain how to have impact.

Impact = C X (R + E + A + T + E)

(C) Contrast – When an idea hits a person, it has to feel like something similar to an idea he or she has already experienced, yet it has to be different enough to get noticed.

(R) Reach – The higher the number of people you can connect with, the more influential your idea can become.

(E) Exposure – If Reach is all about how many you connect with, Exposure is all about how often you connect to them.

(A) Articulation – high Articulation means an idea is like a sword, cutting through the fog of the brain and hitting you in exactly the right place to make you understand it.

(T) Trust – Trust is a clear factor in impact, but why do we trust someone? You need to know why and we’ll show you.

(E) Echo – Echo is all about the feeling of connection you give your reader, visitor or participant.

Obviously, there’s more to the formula then what I’ve described here. If you would like to have a greater impact around your passion, then please join us on February 20th to have a conversation with Chris and Julien.

This Soundview Live webinar is titled The Five Key Principles to Having an Impact and it’s FREE for all attendees. The authors will provide examples from their own lives and others to put some meat on the bones of this formula, and you can ask your questions along the way.