Innovation + Differentiation: Do what’s already working…. Just do it better.
We’re diving into innovation and differentiation. The secret to success is finding the white space. Do what’s already working . . . Just do it differently and better. Hear how Mike and his co-founders landed on drinkware as their product to sell.
Learn:
- The trap many entrepreneurs get stuck
- Step-by-step instructions to differentiate from competitors
- Finding the white space
- Experimentation & iteration
Episode Highlights
- Tone setting + creating something that has value (1:00)
- How Simple Modern saw the white space in an already saturated market (4:00)
- Where the white space lives (6:00)
- Three things to look for when trying to start something new (8:30)
- Questions to ask yourself today (10:00)
- Advice for entrepreneurs experiencing self doubt or intimidation by competition (13:00)
- What kind of decisions Mike and the team have made strategically as they’ve looked at competitors (16:00)
- Is there a time you're ever you should ever not be experimenting? (18:00)
- Mike Drop Moment: In any industry, there is room for a really well run executed company. (23:00)
CONNECT WITH MIKE
LinkedIn / Twitter
CONNECT WITH SIMPLE MODERN
Website / Twitter / Facebook / Instagram / Pinterest / YouTube
Information
- Show
- FrequencyUpdated Weekly
- PublishedSeptember 27, 2022 at 10:00 AM UTC
- Length24 min
- Season1
- Episode2
- RatingClean