Based on a report from the U.S. Patent and Trademark Office, the San Diego region comes ninth for the number of technology patents granted with over 34,000, among other metropolitan areas from 2000-2013. The amount of intellectual property has more than doubled in the last decade!
Most of the innovation has been in biotechnology companies established in Sorrento Mesa and La Jolla. But what about non-biotech, non-clean-tech or non-software businesses like yours? What have you done in your organization in the last 1-2 years that has “wowed” customers and has given you an edge? Has it been better productivity? Have you come up with a product, process, or way of delivering your services that has put you ahead? If not, what is stopping you? Is it cash? Better planning? More creativity? Perhaps you are making some decent profits and don’t want to “rock the boat” too much?
A lean, practical and reasonably priced business strategy that uses a combination of virtual services may be the place to start. With many entrepreneurs and solo practitioners, we’ve found that what triggers innovation is when they start to think differently about using professional space or admin support.
Remember: it’s your business and your life. You make it what you want it to be.
