The new financial year has begun. With that, there is a surge in creative entrepreneurship ventures. Driven by cutting-edge tech, changing customer expectations, and an increased focus on sustainability, there is no dearth of unique and creative business ideas. Meanwhile, you have to keep up with this new trend if you are a business enthusiast.
All entrepreneurs expecting to launch their trade this year must follow these tactical protocols for their ventures. Here are the top 5 creative ideas to help your business stand out among the rest. I siphoned the ideas scathing the global startup circles. Let’s see which one resonates with you!
1. New age eco-conscious Start-up Ideas
Sustainability is a constant customer expectation nowadays. It is no longer an added benefit for a business. So you need to make your business sustainable and ecologically durable from day 1. There is no alternative to that. So why not choose a business idea and a business model that resonates with the sustainability proposal?
So, what are the creative ideas you can try? You can make your business carbon neutral from the first day.
Meanwhile, you may also source refurbished stuff as base material for your production line. More than 23% of global customers directly said in a survey that they are willing to pay more for the product which means something for the planet too.
For a better ideation, you can also focus on the 17 UN Sustainable Development Goals.
My recommendation would be hiring leadership coaches while scaling out your business in the early growth stage. The coaches/mentors can set sustainability strategies for you.
For example, you need the right KPIs to measure how sustainable your daily operations are. For this you need to set some ground rules like limiting the carbon footprints of employees’ transits, reducing SPM release from factory outlets, etc.
Leadership coaches in Dubai have abundant experience in helping sustainable businesses flourish in cross-border multicultural environments. But here’s a tip.
Hire a leadership coach who resonates with your business ideology. Otherwise, your executive role would become a tug of war, and that may be detrimental for your business.
2. Launch an AI and Automation-Driven Business
You may use automation apps to reduce the number of workers you need in your business. For example, there are at least ten free software which can manage your HR checklist and bankroll without human intervention.
Similarly, there are AI-powered CRM apps to help you schedule regular deliverables based on your project goals. Thirdly, let me tell you about communication dashboards. These dashboards are essentially AI-powered. The primary features of this software are:
Solving queries of the project team members
Sending real-time updates to all concerned stakeholders at the same time
Sharing real-time status updates with the line manager
Launching group talk and chat sessions for better real-time connectivity among the project team.
According to an Investopedia contributor, more startups and small businesses will use these featured AI apps to make their business processes easier and more streamlined. So don’t be left out.
However, I found some startup owners coming up with a generous concern. They said that the high upfront cost of investing in these apps (subscription cost) would exceed their budget by far.
So, I will suggest they try the free version of the tools. Experts say that you can achieve at least 50% more streamlined operations with the free tools.
Once your projects gain traction and you are high on business, you can afford to pay for the annual subscription of the apps, one by one.
3. Creative Ideas to Increase Mental Health Focus
Do you know that 70% of the net global workforce suffers from a poor work-life balance? But why? Most companies have clear fatigue management guidelines. Usually, work hours are also controlled. On top of that, all companies have legit regulatory frameworks on employee well-being.
What most employees lack is a supportive environment. To keep up with the workplace expectations, they do that extra bit. However, you need to bring about a creative change there.
You might be lacking really good creative ideas on that part. So, here are the tricks you can try:
Make flexible work groups
Organize stress management sessions weekly
Have adequate people in the team to share the workload
Increase the number of provisional leaves; however, regulate leave-taking
The Bottom Line
The crux of a creative business strategy is offering customers what they expect while going beyond and delivering more value.
At the end of the day, your customers will keep coming back for what you do, while others in the same trade will not. The same goes for your resources.
