Innovation vs. Adoption

Shane and Kyle talk about the difference between true innovation and simply following trends. They explore how to stay focused on what really drives results, rather than getting lost in the noise of new ideas. If you've been holding onto a big idea or struggling to make it happen, this episode gives you the motivation to get started and make those ideas count. 

00:00 - The Role of Innovation in the Mortgage Industry

07:22 - Defining Innovation and Avoiding Mere Adoption

09:41 - The Importance of Effective Adoption and Execution

14:52 - The Benefits of Having a Team and Seeking Input

19:02 - Taking Action on Ideas and Joining the AI Sprint

Takeaways:
 
Innovation vs. Adoption: It’s easy to get caught up in chasing the latest trends, but it’s more effective to focus on adopting and refining what already works for your business. Not everything new is better; sometimes, it’s about making the existing strategies your own.

Execution Over Ideas: You might have a lot of great ideas, but if you’re not executing them, they’re not helping you. Set aside time for innovation, but make sure the bulk of your day is dedicated to putting proven strategies into action.

Use AI to Your Advantage: If you’re feeling stretched thin, consider leveraging AI tools. They can help you handle tasks more efficiently, even if you don’t have a big team behind you. AI isn’t just for tech giants; it’s something you can use to stay ahead.

Build a Support Network: Don’t try to do everything on your own. Having a group of peers or accountability partners can help you refine your strategies and keep you focused on what really matters.

Take Action Now: If there’s an idea or strategy you’ve been thinking about for a while, stop waiting and start doing. Whether it’s small steps or a bigger leap, the key is to begin.

Quotes:

"Innovation is a drug that has a diminishing return. Every time you use it, you have to do more to feel like you're getting the same return." 

"If I'm using AI because I see my competitors using AI, I'm not really an innovator, I'm an adopter."

"Block out innovation time on your calendar, but also have adoption time for executing proven ideas."
 
 "You can't always have conversations with yourself. You need others to help you refine your adoptions and innovations."
 

Show Links:
Community Platform: https://products.thecollectivecoaching.com/
 

Social Media:

Facebook - https://www.facebook.com/itsthecollectivecoachings/
YouTube - https://www.youtube.com/@TheCollectiveCoaching
LinkedIn – https://www.linkedin.com/company/collectivecoaching/
Instagram - https://www.instagram.com/thecollectivecoachingcommunity/