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Most small business owners are actually innovators and don’t even know it!

Mostly because they do not consider themselves innovators, which is unusual because in a lot of  cases they have to be creative by necessity.  And creativity leads to breakthroughs in innovation and new ways of doing things. That was actually a key finding in the latest installment of the Intuit Future of Small Business Report. The study found that small business owners are natural innovators.

According to the report small businesses have six inherent advantages that make it easier and simpler to be innovative:

1. Personal passion
2. Customer connection
3. Agility and adaptation
4. Experimentation and improvisation
5. Resource limitations
6. Information sharing and collaboration

What does this mean?

Remember to not sell yourself or your business short. You’re probably more creative than you think.

The  entire Report is available  Small Business Innovation at the Intuit Future of Small Business Report site.

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Petroleum By-Product

Have you ever considered selling some of your by-products that you no longer need?

Think about this for a minute. Industries like oil companies, lumber yards, and corn farmers have been doing this for years. Why? Because they take waste and turn it into profits! It is true that in some industries the waste product is actually staring you in the face.

Examples of turning by-products into Sales

As the old saying goes, “one man’s trash is another’s treasure”. So in an economic time where you need to squeeze out efficiencies and new revenue streams why not think of what you are doing that someone else could want to buy from you.

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