Doing things differently, better, quicker, and more cost efficiently are what innovation is about in small businesses.
As competition for customers and resources become more and more intense the ability of a company to innovate is often more important than any other factor in its sustainability.
As a small business owner you should apply innovative ideas to all areas of your business; production, finance, planning, human resource management and marketing.
The advantages of small businesses in relation to innovation relate specifically to size; dynamism, internal flexibility, short lead times and responsiveness to change. Meanwhile, the barriers to innovation have been identified in general as: -
Pathways to Innovation Advice
There are many pathways to advice and information on aspects of innovation for your new business. Many of these will be very particular to the sector that your business will be operating in, whilst others will be more general.
Networking is one of the powerful tools for learning of new ways of doing things – and is also the cheapest. Many of the agencies listed in this Guide are in a position to help you further in developing new ideas, products or services.
If you are looking to research a new product or service, then the academic institutions around the City will be able to provide assistance. Additionally, other organisations including Enterprise Ireland (www.enterprise-ireland.com), and the International Research and Development Group (www.irdg.ie) will offer assistance.
There are always new business sectors emerging in Dublin City. One of the new ones to recently arrive is the creative industry and the SMEs that support creative activity. Watch out for announcements of new supports for this sector. (www.dceb.ie).