{"id":6930,"date":"2021-05-05T09:30:00","date_gmt":"2021-05-05T04:00:00","guid":{"rendered":"https:\/\/kylas.io\/?p=6930"},"modified":"2023-03-02T16:07:20","modified_gmt":"2023-03-02T10:37:20","slug":"innovation-budget-possible-small-business-growth","status":"publish","type":"post","link":"https:\/\/kylas.io\/en\/business-growth\/innovation-budget-possible-small-business-growth","title":{"rendered":"Is Innovation on a Budget Possible?"},"content":{"rendered":"\n<p class=\"has-medium-font-size\">Sit with a group of&nbsp;small business&nbsp;owners&nbsp;and&nbsp;executives&nbsp;and ask them what barriers they face in making innovation a part of their every day. You\u2019ll&nbsp;probably&nbsp;hear&nbsp;these&nbsp;common reasons that hinder small business growth-&nbsp;<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\"><em>\u201cToday\u2019s climate doesn\u2019t really allow for me to take risks\u201d<\/em><\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\"><em>\u201cTime is always an issue \u2013 how do you take time out from your daily work?\u201d<\/em><\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\"><em>\u201cIt\u2019s hard to mentally step outside the process and routines already in place\u201d<\/em><\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\"><em>\u201cIt\u2019s not something I can do myself \u2013 but everyone else isn\u2019t in the same innovative mind space\u201d<\/em><\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\"><em>\u201cWe don\u2019t really have the budget or the monetary flexibility required for that\u201d<\/em><\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-ht-block-toc  is-style-outline htoc htoc--position-wide toc-list-style-plain\" data-htoc-state=\"expanded\"><span class=\"htoc__title\"><span class=\"ht_toc_title\">Is It Possible for Growing Businesses to Innovate on a Small Budget?<\/span><span class=\"htoc__toggle\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"16\"><g fill=\"#444\"><path d=\"M15 7H1c-.6 0-1 .4-1 1s.4 1 1 1h14c.6 0 1-.4 1-1s-.4-1-1-1z\"><\/path><path d=\"M15 1H1c-.6 0-1 .4-1 1s.4 1 1 1h14c.6 0 1-.4 1-1s-.4-1-1-1zM15 13H1c-.6 0-1 .4-1 1s.4 1 1 1h14c.6 0 1-.4 1-1s-.4-1-1-1z\"><\/path><\/g><\/svg><\/span><\/span><div class=\"htoc__itemswrap\"><ul class=\"ht_toc_list\"><li class=\"\"><a href=\"#htoc-what-an-innovation-led-culture-looks-like\">What an Innovation-led Small Business Growth Looks Like<\/a><ul class=\"ht_toc_child_list\"><li class=\"\"><a href=\"#htoc-1-collaboration\">1. Collaboration<\/a><\/li><li class=\"\"><a href=\"#htoc-2-communication\">2. Communication<\/a><\/li><li class=\"\"><a href=\"#htoc-3-big-picture-thinking\">3. &nbsp;Big&nbsp;Picture&nbsp;Thinking&nbsp;<\/a><\/li><li class=\"\"><a href=\"#htoc-4-growth-mindset\">4. Growth&nbsp;Mindset<\/a><\/li><li class=\"\"><a href=\"#htoc-5-failure-ready-thinking\">5. Failure-ready&nbsp;Thinking<\/a><\/li><\/ul><\/li><li class=\"\"><a href=\"#htoc-5-ways-and-tips-to-innovate-on-a-small-business-budget\">5 Ways and Tips&nbsp;to Innovate&nbsp;on a Small Business Budget<\/a><ul class=\"ht_toc_child_list\"><li class=\"\"><a href=\"#htoc-1-hire-creative-and-out-of-the-box-thinkers\">1. Hire&nbsp;Creative and&nbsp;Out-of-the-Box&nbsp;Thinkers<\/a><ul class=\"ht_toc_child_list\"><li class=\"\"><a href=\"#htoc-a-they-re-resourceful\">a. They\u2019re&nbsp;Resourceful&nbsp;<\/a><\/li><li class=\"\"><a href=\"#htoc-b-they-don-t-need-hand-holding\">b. They Don\u2019t Need Hand Holding<\/a><\/li><li class=\"\"><a href=\"#htoc-c-they-love-to-learn\">c. They Love to Learn<\/a><\/li><li class=\"\"><a href=\"#htoc-d-they-are-constantly-thinking-beyond\">d. They Are Constantly Thinking&nbsp;Beyond<\/a><\/li><li class=\"\"><a href=\"#htoc-e-they-are-highly-engaged\">e. They are Highly Engaged<\/a><\/li><\/ul><\/li><li class=\"\"><a href=\"#htoc-2-hold-frequent-company-wide-meetings\">2.  Hold Frequent Company-Wide Meetings&nbsp;&nbsp;<\/a><ul class=\"ht_toc_child_list\"><li class=\"\"><a href=\"#htoc-a-formal-company-meetings\">a. Formal Company Meetings<\/a><\/li><li class=\"\"><a href=\"#htoc-b-fun-events\">b. Fun Events<\/a><\/li><li class=\"\"><a href=\"#htoc-c-workshops\">c. Workshops<\/a><\/li><\/ul><\/li><li class=\"\"><a href=\"#htoc-3-take-your-problems-to-the-masses\">&nbsp;3. Take Your Problems to the Masses&nbsp;<\/a><\/li><li class=\"\"><a href=\"#htoc-4-invest-in-a-learning-amp-development-program\">&nbsp;4. Invest in a&nbsp;Learning &amp;&nbsp;Development&nbsp;Program<\/a><\/li><li class=\"\"><a href=\"#htoc-5-invest-in-research\">5. Invest in&nbsp;Research<\/a><ul class=\"ht_toc_child_list\"><li class=\"\"><a href=\"#htoc-a-always-start-with-a-goal\">a. Always Start with a Goal<\/a><\/li><li class=\"\"><a href=\"#htoc-b-choose-the-right-people\">b. Choose the Right People<\/a><\/li><li class=\"\"><a href=\"#htoc-c-go-multi-channel\">c. Go Multi-channel<\/a><\/li><li class=\"\"><a href=\"#htoc-d-collate-often\">d. Collate Often<\/a><\/li><li class=\"\"><a href=\"#htoc-e-involve-people-outside-the-team\">e. Involve People Outside the Team<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/div><\/div>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">If you\u2019re a small business owner, we\u2019re sure at least one of these sounds familiar to you. If you\u2019ve given innovation a thought and a try but can\u2019t really commit, you can probably identify with these reasons.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">We&nbsp;are here to call you out and give you some inspiration.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\"><em>Here\u2019s&nbsp;a&nbsp;thought-<\/em>&nbsp;Innovation isn\u2019t a project. It\u2019s a way of thinking, working, and collaborating.&nbsp;If you want to innovate, it has to be a part of your culture.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">So&#8230;is it possible for growing businesses to innovate on a small budget?<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">Of course,&nbsp;it is!<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">Let\u2019s start from the top.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity is-style-default\"\/>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"htoc-what-an-innovation-led-culture-looks-like\"><strong>What an Innovation-led Small Business Growth Looks Like<\/strong><\/h2>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">An innovation-led culture starts from the very first block-&nbsp;hiring.&nbsp;Innovation requires people who are willing to think outside the box, do something better than just what\u2019s required, and constantly challenge the status quo. <\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/kylas.io\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-1-1024x860.png\" alt=\"What an Innovation-led Small Business Growth Looks Like\" class=\"wp-image-6969\" width=\"216\" height=\"182\" srcset=\"https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-1-1024x860.png 1024w, https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-1-300x252.png 300w, https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-1-768x645.png 768w, https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-1.png 1500w\" sizes=\"(max-width: 216px) 100vw, 216px\" \/><\/figure><\/div>\n\n\n<p class=\"has-medium-font-size\">You can\u2019t teach people&nbsp;to think innovatively, so ideally you&nbsp;<a href=\"https:\/\/kylas.io\/sales-effectiveness\/how-small-businesses-can-attract-and-hire-the-right-talent\/\" target=\"_blank\" rel=\"noreferrer noopener\"><u>hire the right&nbsp;talent<\/u><\/a>. The obvious barrier to this is all the people you already have on your team \u2013 but we\u2019ll come to that.<\/p>\n\n\n\n<p class=\"has-white-color has-text-color\">.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">First, here are a few qualities characteristic of an innovation-led culture-<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"htoc-1-collaboration\" style=\"font-size:22px\">1. Collaboration<\/h3>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">Not the kinds everyone likes to say they have, but the kinds where the whole company feels like one entity and not a collection of departments.&nbsp;<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/kylas.io\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-2-1024x860.png\" alt=\"What an Innovation-led Small Business Growth Looks Like\" class=\"wp-image-6970\" width=\"207\" height=\"174\" srcset=\"https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-2-1024x860.png 1024w, https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-2-300x252.png 300w, https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-2-768x645.png 768w, https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-2.png 1500w\" sizes=\"(max-width: 207px) 100vw, 207px\" \/><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\" id=\"htoc-2-communication\" style=\"font-size:22px\">2. Communication<\/h3>\n\n\n\n<p class=\"has-white-color has-text-color\">.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Innovation is&nbsp;very&nbsp;often the result of collaboration and brainstorming, simply tossing around ideas and being very free to express those ideas without fear of judgment.&nbsp;<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"htoc-3-big-picture-thinking\" style=\"font-size:22px\">3. &nbsp;Big&nbsp;Picture&nbsp;Thinking&nbsp;<\/h3>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">A clear line of sight into the company\u2019s goals, and the goals of each level of the hierarchy, helps drive innovation that actually has an impact at&nbsp;a&nbsp;business level.&nbsp;<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/kylas.io\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-3-1024x860.png\" alt=\"What an Innovation-led Small Business Growth Looks Like\" class=\"wp-image-6971\" width=\"198\" height=\"167\" srcset=\"https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-3-1024x860.png 1024w, https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-3-300x252.png 300w, https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-3-768x645.png 768w, https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-3.png 1500w\" sizes=\"(max-width: 198px) 100vw, 198px\" \/><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\" id=\"htoc-4-growth-mindset\" style=\"font-size:22px\">4. Small Growth&nbsp;Mindset<\/h3>\n\n\n\n<p class=\"has-white-color has-text-color\">.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Having a growth mindset is to believe that skills and talents can be honed with continuous learning \u2013 a&nbsp;practice&nbsp;commonly found in the culture &amp; employees of an innovative company.&nbsp;<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"htoc-5-failure-ready-thinking\" style=\"font-size:22px\">5. Failure-ready&nbsp;Thinking<\/h3>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">Innovators know it takes a few wrong turns before you take the right one. Innovation-led business cultures encourage trial &amp; error and chase success at the risk of multiple failures.&nbsp;<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">It isn\u2019t easy to run a business that focuses on innovation, because you\u2019re often doing it at the risk of&nbsp;taking&nbsp;an unsafe route that&nbsp;may or may not&nbsp;guarantee success&nbsp;for small business growth. <\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">To truly innovate, however, you must make the thought process a part of your culture,&nbsp;within&nbsp;the limitations&nbsp;of your small business budget.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">With these characteristics in mind, let\u2019s get down to&#8230;&nbsp;&nbsp;<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity is-style-default\"\/>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"htoc-5-ways-and-tips-to-innovate-on-a-small-business-budget\"><strong>5 Ways and Tips&nbsp;to Innovate&nbsp;on a Small Business Budget<\/strong><\/h2>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/kylas.io\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-4-1024x860.png\" alt=\"What an Innovation-led Small Business Growth Looks Like\" class=\"wp-image-6972\" width=\"201\" height=\"169\" srcset=\"https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-4-1024x860.png 1024w, https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-4-300x252.png 300w, https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-4-768x645.png 768w, https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-4.png 1500w\" sizes=\"(max-width: 201px) 100vw, 201px\" \/><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\" id=\"htoc-1-hire-creative-and-out-of-the-box-thinkers\" style=\"font-size:22px\">1. <strong>Hire&nbsp;Creative and&nbsp;Out-of-the-Box&nbsp;Thinkers<\/strong><\/h3>\n\n\n\n<p class=\"has-white-color has-text-color\">.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Let\u2019s revisit&nbsp;the earlier point about hiring people who think innovatively. Yes, you can\u2019t replace your entire workforce, but you don\u2019t need to. What you need are just enough out-of-the-box thinkers to shake things up and get everyone excited about innovation and doing things differently.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">Here\u2019s how to identify innovative thinkers-<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"has-vivid-cyan-blue-color has-text-color has-medium-font-size wp-block-heading\" id=\"htoc-a-they-re-resourceful\">a. They\u2019re&nbsp;Resourceful&nbsp;<\/h4>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">Innovative thinkers know how to get things done, and in the cases where they don\u2019t, they are fast learners. They will&nbsp;go beyond their line of duty to learn and add value to a situation and the company. They are just the right people for identifying newer, better ways of getting things done.&nbsp;<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"has-vivid-cyan-blue-color has-text-color has-medium-font-size wp-block-heading\" id=\"htoc-b-they-don-t-need-hand-holding\">b. They Don\u2019t Need Hand Holding<\/h4>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">In fact, they probably hate it. Micromanagement and spoon-feeding&nbsp;are&nbsp;a big deal-breaker for them \u2013 they&#8217;ll come to you for guidance, but they are great at exploring and discovering better solutions to problems you may not even know existed.&nbsp;<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"has-vivid-cyan-blue-color has-text-color has-medium-font-size wp-block-heading\" id=\"htoc-c-they-love-to-learn\">c. They Love to Learn<\/h4>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">Everyone who\u2019s innovative has a small business growth mindset \u2013 they are ready to accept what they don\u2019t know and eager to put a learning curve to it. Because they are quick to learn, they enjoy the process and look at it as a challenge, usually lending a new perspective to the solutions they learn.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"has-vivid-cyan-blue-color has-text-color has-medium-font-size wp-block-heading\" id=\"htoc-d-they-are-constantly-thinking-beyond\">d. They Are Constantly Thinking&nbsp;<em>Beyond<\/em><\/h4>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">They don\u2019t accept the known solution at face value, and they\u2019re constantly looking for innovative ways to solve problems. Neither are they sticklers for \u201cgoing with the flow\u201d or simply agreeing with everyone\u2019s opinion. In&nbsp;fact, a productive heated discussion is a breeding ground for their&nbsp;quick minds.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"has-vivid-cyan-blue-color has-text-color has-medium-font-size wp-block-heading\" id=\"htoc-e-they-are-highly-engaged\">e. They are Highly Engaged<\/h4>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">Not all your employees are going to be engaged and productive. Out-of-the-box thinkers, however, don\u2019t take up a job unless they\u2019re ready to give it a 100%, because that is what fulfills them. <\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">Because they are intrinsically motivated, you don\u2019t need to worry about&nbsp;them jumping ship as easily as you might with other employees&#8230;just offer them a great work culture, some leeway, and plenty of opportunities to innovate.<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/kylas.io\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-6-1024x860.png\" alt=\"What an Innovation-led Small Business Growth Looks Like\" class=\"wp-image-6965\" width=\"213\" height=\"179\" srcset=\"https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-6-1024x860.png 1024w, https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-6-300x252.png 300w, https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-6-768x645.png 768w, https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-6.png 1500w\" sizes=\"(max-width: 213px) 100vw, 213px\" \/><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\" id=\"htoc-2-hold-frequent-company-wide-meetings\">2.  <strong>Hold Frequent Company-Wide Meetings&nbsp;<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"has-white-color has-text-color\">.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Collaboration and open communication are a big part of innovation \u2013 without them, people tend to resort to working in siloes. The most obvious way to increase collaboration, of course, is to break down barriers that might exist in the company by bringing everyone&nbsp;together.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">Town halls are usually a quarterly affair, but company-wide meetings can have a variety of purposes. While most companies are working from home now, an in-office work situation calls for activities such as Fun Fridays and&nbsp;open mic&nbsp;nights where the whole&nbsp;company&nbsp;can participate and mingle, generally building an environment of bonding.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">Here are a few instances where you can bring the whole company together, or conduct an activity that increases company bonding-<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"has-vivid-cyan-blue-color has-text-color has-medium-font-size wp-block-heading\" id=\"htoc-a-formal-company-meetings\">a. Formal Company Meetings<\/h4>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">These include the aforementioned town hall, where you take the time to brief everyone about the progress and accomplishments of the quarter, along with the business goals and planned efforts for the coming quarter. This helps everyone feel aligned with the company,&nbsp;its&nbsp;goals, and each other (and it increases team spirit toward achieving common&nbsp;successes!).<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"has-vivid-cyan-blue-color has-text-color has-medium-font-size wp-block-heading\" id=\"htoc-b-fun-events\">b. Fun Events<\/h4>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">This includes Fun Fridays, open mic nights, yoga &amp;&nbsp;Zumba&nbsp;sessions, sports tournaments, and team outings. While a lot of these are now impossible with remote working, you can still hold virtual events over&nbsp;video&nbsp;conferencing&nbsp;software.&nbsp;<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"has-vivid-cyan-blue-color has-text-color has-medium-font-size wp-block-heading\" id=\"htoc-c-workshops\">c. Workshops<\/h4>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">A great way to get everyone thinking in one direction is to hold workshops that add value and growth to everyone\u2019s journey. Identify the right workshops by choosing the right area of learning, finding a trainer who\u2019ll keep things interactive, and taking the effort to get everyone excited!<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/kylas.io\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-5-1024x860.png\" alt=\"Meeting\" class=\"wp-image-6975\" width=\"209\" height=\"176\" srcset=\"https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-5-1024x860.png 1024w, https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-5-300x252.png 300w, https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-5-768x645.png 768w, https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-5.png 1500w\" sizes=\"(max-width: 209px) 100vw, 209px\" \/><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\" id=\"htoc-3-take-your-problems-to-the-masses\" style=\"font-size:22px\"><strong>&nbsp;3. Take Your Problems to the Masses&nbsp;<\/strong><\/h3>\n\n\n\n<p class=\"has-white-color has-text-color\">.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Find yourself faced with a new business goal or target. Invite everyone in the company to send in their ideas and make it an all-hands-on-deck kind of project!<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">Large brands do this all the time; think about when Lays decided to launch a new flavor and turned the decision into a&nbsp;large-scale&nbsp;contest where everyone could send in suggestions (\u2018garlic bread\u2019 won). <\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">It\u2019s easy enough to execute at a company level, even on a small business budget, because all you need are the resources to allocate for the selection process.&nbsp;Do, however, remember to keep the whole process as transparent and fair as you can to avoid conflicts.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">Here\u2019s how it would work-<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\" id=\"htoc-a-identify-a-business-goal-or-problem\">a. Identify a business goal or problem&nbsp;<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">b. Frame it into a challenge or contest statement&nbsp;<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">c. Get together with your HR head and&nbsp;formulate&nbsp;the rules of the entries-&nbsp;<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"has-medium-font-size\"><li>How many ideas per&nbsp;entry&nbsp;<\/li><li>What parameters need to be met&nbsp;<\/li><li>How the winning idea will be chosen&nbsp;<\/li><li>What the winner will receive (besides their idea being put into motion)&nbsp;<\/li><\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">d. Create some buzz and hype with internal marketing communications!&nbsp;<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">e. As a bonus, add in surprise prizes for \u2018best collaboration\u2019, \u2018wackiest thinking\u2019, etc., to encourage innovative behaviors<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/kylas.io\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-8-1024x860.png\" alt=\"Books\" class=\"wp-image-6967\" width=\"206\" height=\"173\" srcset=\"https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-8-1024x860.png 1024w, https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-8-300x252.png 300w, https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-8-768x645.png 768w, https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-8.png 1500w\" sizes=\"(max-width: 206px) 100vw, 206px\" \/><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\" id=\"htoc-4-invest-in-a-learning-amp-development-program\" style=\"font-size:22px\">&nbsp;4. <strong>Invest in a&nbsp;Learning &amp;&nbsp;Development&nbsp;Program<\/strong><\/h3>\n\n\n\n<p class=\"has-white-color has-text-color\">.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">This isn\u2019t the first blog post where we\u2019re making this recommendation, and it probably won\u2019t be the last. An&nbsp;<a href=\"https:\/\/kylas.io\/leadership-growth\/learning-development-small-business-growth\/\" target=\"_blank\" rel=\"noreferrer noopener\"><u>L&amp;D<\/u><\/a>&nbsp;program ensures that everyone is growing and learning something new \u2013 something they will usually be looking to apply in their work.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">That is the idea behind an L&amp;D program \u2013 you invest in the learning to add value to your employees\u2019 careers, and they put the learnings back into solutions for the business. When you\u2019re running on a small business budget, we recommend-<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">a. Skipping the expensive courses unless where absolutely necessary&nbsp;<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">When it comes to learning online, expensive doesn\u2019t necessarily equal good quality. Where there\u2019s great learning to be had, try to get bulk&nbsp;rates, but otherwise, you will definitely have economically-priced online courses to offer employees.&nbsp;<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">b. Call for internal trainers<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">You probably have experts among your leadership that don\u2019t get the chance to share all their knowledge on a daily, because they are so caught up in work. Arrange for informal learning sessions on relevant topics, where employees can interact and ask questions, learning how to apply&nbsp;the takeaways in their work.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">c. Hold workshops to apply learnings<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">You always hope that what is learned gets applied at work, but that may not always be the case. Plenty of times, the new learnings get sidelined to the notebook and work continues as before. <\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">To ensure the learnings are applied practically, hold a workshop after a session\/course where you or other leaders can draw up business cases, mock&nbsp;brainstorming sessions, and mock projects for employees to work on with their new knowledge. Perfect for a small business budget!<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/kylas.io\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-9-1-1024x860.png\" alt=\"Research\" class=\"wp-image-6976\" width=\"206\" height=\"174\" srcset=\"https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-9-1-1024x860.png 1024w, https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-9-1-300x252.png 300w, https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-9-1-768x645.png 768w, https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/Is-Innovation-on-a-Budget-Possible-for-Small-Business-Growth-9-1.png 1500w\" sizes=\"(max-width: 206px) 100vw, 206px\" \/><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\" id=\"htoc-5-invest-in-research\" style=\"font-size:22px\">5. <strong>Invest in&nbsp;Research<\/strong><\/h3>\n\n\n\n<p class=\"has-white-color has-text-color\">.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Have you noticed that the companies that are true pioneers in their fields are great researchers and thinkers? That\u2019s because they\u2019re out there learning, analyzing, applying, and optimizing patterns &amp; trends before anyone else.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">When we say you should invest in research, we don\u2019t mean a state-of-the-art research facility with an independent team that explores the depths of your industry.&nbsp;Let\u2019s be small business growth- and budget-friendly.&nbsp;<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">We mean putting together a team \u2013 or diverting some time for an existing team&nbsp;\u2013 where you explore what\u2019s happening in your industry, the kinds of trends that are shaping it, how consumers are playing a role in it, how it\u2019s evolved over the years, and so on.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\"> Identifying trends in these answers can help raise&nbsp;new&nbsp;correlations and ideas that&nbsp;you can apply in your business.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">Here are a few things to keep in mind when \u2018investing\u2019&nbsp;in research-<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"has-vivid-cyan-blue-color has-text-color has-medium-font-size wp-block-heading\" id=\"htoc-a-always-start-with-a-goal\">a. Always Start with a Goal<\/h4>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">Open-ended research never accomplishes anything. We recommend starting with a SMART (Specific, Measurable, Achievable, Relevant, Time-bound) goal based on your business&nbsp;targets<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"has-vivid-cyan-blue-color has-text-color has-medium-font-size wp-block-heading\" id=\"htoc-b-choose-the-right-people\">b. Choose the Right People<\/h4>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">You want thinkers and deep diggers \u2013 people who will go beyond a customary Google search online<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"has-vivid-cyan-blue-color has-text-color has-medium-font-size wp-block-heading\" id=\"htoc-c-go-multi-channel\">c. Go Multi-channel<\/h4>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">Online research is only one way of exploring the industry and new ideas. How about talking to people in parallel industries, or your clients?<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"has-vivid-cyan-blue-color has-text-color has-medium-font-size wp-block-heading\" id=\"htoc-d-collate-often\">d. Collate Often<\/h4>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">Hold a research meeting every week where findings can be shared and discussed, patterns can be found and ideas shared.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"has-vivid-cyan-blue-color has-text-color has-medium-font-size wp-block-heading\" id=\"htoc-e-involve-people-outside-the-team\">e. Involve People Outside the Team<\/h4>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">Just because you\u2019ve put together a research team doesn\u2019t mean they work in a silo \u2013 remember the mantra of collaboration! Encourage constant collaboration with the rest of the team, and encourage execution &amp; experimentation of the ideas found.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">So, here\u2019s hoping&#8230;Have we gotten your creative juices flowing yet? Have we inspired you to hop to it and make that innovation-led culture happen?&nbsp;<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">Innovation is the cornerstone of every super-successful business today \u2013 in the end, it all comes down to the consumer, and the consumer today is jaded and looking for something new and&nbsp;<em>better<\/em>,<em>&nbsp;<\/em>all the time.&nbsp;The more you\u2019re known to be the brand that offers solutions that are efficient and relevant today, the better your business will be.&nbsp;<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\">So don\u2019t get bogged down by&nbsp;reasons like small business growth challenges as a barrier to&nbsp;innovate \u2013 ironically, it just needs some out-of-the-box thinking!&nbsp;<\/p>\n\n\n\n<p><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sit with a group of&nbsp;small business&nbsp;owners&nbsp;and&nbsp;executives&nbsp;and ask them what barriers they face in making innovation a part of their every day. You\u2019ll&nbsp;probably&nbsp;hear&nbsp;these&nbsp;common reasons that hinder small business growth-&nbsp; \u201cToday\u2019s climate doesn\u2019t really allow for me to take risks\u201d \u201cTime is always an issue \u2013 how do you take time out from your daily work?\u201d \u201cIt\u2019s &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/kylas.io\/en\/business-growth\/innovation-budget-possible-small-business-growth\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Is Innovation on a Budget Possible?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":23,"featured_media":6958,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"ub_ctt_via":"","footnotes":""},"categories":[14,16],"tags":[50,147],"acf":[],"featured_image_src":"https:\/\/kylas.io\/en\/wp-content\/uploads\/2021\/05\/PB-Banner-Guide-Images-ONLY-1.png","author_info":{"display_name":"Shagun Sharma","author_link":"https:\/\/kylas.io\/en\/author\/shagun"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is Innovation on a Budget Possible? | Kylas<\/title>\n<meta name=\"description\" content=\"Is it even possible to experience small business growth on a small budget? 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