It's hard to name anyone who has achieved a great deal of success without first encountering some significant failures along the way. Here's how to start seeing failures as success-catalysts, not setbacks.
What is the right balance between intelligence and social connectivity? From an innovation perspective, this difference is very significant. In fact, it can mean the difference between success and failure.
Matthew Inman of the comic site The Oatmeal just passed the $1 million fund-raising mark, having solicited funds from Elon Musk, among many others, for a new Tesla museum. Never mind that there already is one (or two). Meanwhile, Christian Bale is said to be playing the legendary inventor in an upcoming movie. Why is everyone suddenly mad for the late Serbian superstar?
Serial innovators don't look for opportunities. They look for concrete problems that cause potential customers significant pain--problems with solutions for which customers would be willing to pay. Here are the 3 criteria for knowing you have an interesting problem to solve.
"At the core of an effective team is trust--and this is especially true for innovation teams. Imagine bringing together the quirkiest, most creative, intelligent people you know, and tasking them with coming up with the next best idea. They have to have the trust that the group will created something superior to what they could've created alone. When Thomas Edison was asked why he had 21 assistants, he said, 'If I could solve all the problems myself, I would.' He had the trust that his team could help him achieve his goals." -- Denys Resnick