In many sectors innovation is paramount, people talk about it in the company values and in their value propositions to their clients but there doesn’t seem to be much talk about innovation in the financial advisers world, why is that? are we too conservative for innovation? are we expecting someone else to come up with the new ideas? is it simply a case of us introducing the word innovation into our dialogue?
I’d like to suggest that we need to introduce innovation at varying levels, from association to dealer groups but for now lets focus on organizational culture. If you can commit to innovation it will allow those around you to open their eyes and discover greater opportunities and ideas – it’s a competitive world.
We all value innovation but we need to embrace it too. Including it in your companies culture is an excellent first move – believe in it. An innovative culture can lead to market dominance, attraction and retention of clients, COI’s and employees, it’s exciting to be part of an innovative culture.
Foster positive beliefs about innovation and create space for conversations that embrace ideas. Simply put – hold regular team meetings, with or without your referral partners and encourage others to think creativity and support the discussion around new ideas. Let others know that their ideas are valued not laughed upon or forgotten.
Brainstorm every month.
What do you do to get your mind to think differently? do you expose yourself to new things? how willing are you to break away and try something different? have you looked at what other sectors are doing?
Your business is made up of individuals who all have their own set of beliefs and values, encourage them to open up and talk about new ideas, empower them to be innovative – innovation drives new ideas drives business growth