Top 4 Innovative Ideas for Your Startup Business

Technology is a great way to help any business work well, and the best time to get to the top is when you are first starting out. With innovation, you can explore a niche or a method that no one else has ever tried before. The following are a few ways you can take your startup to the next level.

Use Crowdsourcing Better

Image via Flickr by dperdue

The nature of crowdsourcing is a fairly new one in its current application, but its roots are as old as the classical auction. You get a group of people together who can all benefit from an offering, and together the most efficient way to solve the problem at hand tends to develop as a result of competition. In an auction this means raising the most money, but in a crowdsourcing environment this usually results in the best-tailored solution.

Now you can make the process better somehow. Traditional bidding sites like Elance and Odesk have allowed workers from around the world to gather around job offerings, but how can the process be expanded and made better? If you can solve that riddle, you can create a very successful crowdsourcing business.

Make the Process Faster

A funny thing happened when a person broke the four-minute mile. Within a year, more than a dozen other people had broken it. There is always a speed that everyone assumes is the best one possible, but there is often nothing magical about this speed at all. Any way you can make a given process faster and keep it providing what it needs to provide can be endlessly helpful to a lot of people, both in their businesses and in their personal lives. Finding a faster way to accomplish any worthwhile goal, particularly if it helps other businesses to be more profitable and efficient, is a great way to make your startup stand out.

Help Human Life in a New Way

As philanthropist Lindsay Rosenwald has previously done, combining kindness and biotechnology may be a great way for your startup to shine. When you help human life, such as by extending the lifespan or finding a successful treatment to a dreaded illness, you are providing a useful service that people will pay for. The greatest thing about this is that once your company is turning a profit, you can turn your attentions to helping those who can’t afford to pay for your services. This way you can be both kind to others and profitable for yourself and your shareholders.

Connect Businesses That Don’t See Their Connection

As the old saying goes, everything connects to everything. In a lot of cases, people don’t necessarily see this connection. If you can see a connection between two businesses that neither of them sees, and this connection can produce a tangible benefit to both companies, you have the potential for something truly amazing. Use your vision, and your startup can become a great facilitator.

There are many ways your startup business can innovate, and they all essentially boil down to helping others. If you can create something that helps someone in a new way, this is the kind of innovation that will take you far.