How to Find Trending Products in 2021 | Jeremy Gutsche of Trend Hunter

How to Find Trending Products in 2021 | Jeremy Gutsche of Trend Hunter

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so the concept of trying to find  an idea that has lasting power   is that you are trying to find several examples  that all illustrate a cluster of opportunity   and that's very different than looking  at just one teeny tiny little idea which   might work or not work or a giant mega  trend which everyone sort of knows about hey founder fam nathan chan here ceo  publisher of founder magazine welcome   back to another founder interview if you are new  to this channel you know what to do make sure you   hit subscribe we have some of the best content  out there for entrepreneurs working so hard   to find incredible founders to interview how-to  videos behind the scenes you name it make sure   you hit the like button to give us more views like  we need the views as well and uh leave a comment   below we'd love to hear your thoughts so let's  talk about today's guest his name's jeremy gucci   and he's the founder of a company called trend  hunter they are the number one trend spotting firm   in the world their website gets like over a  billion views a year it is crazy and i'm gonna   talk to him around how do you find a trending  business idea how do you find something that's   hot how do you find something that has lasting  power and how do you know whether the trend has   gone or it's just coming up so if you want to  start a business you want to know how to find   great ideas you want to know how to find winning  business ideas jeremy is the person to speak to   he's done over 10 000 plus projects like he's  done like advisory for a lot of big fortune   500 companies some of the stuff he's done is  incredible you do not want to miss this episode   all right let's jump in jeremy thanks so much  for taking the time to speak with me today the   first question uh that i ask everyone that comes  on is uh how did you get your job well you know   i was always an entrepreneur at heart and it's  so tough to figure out what your little idea is   so as a kid i was always trying this and then you  know every possible little kid business you could   imagine and eventually you can't pick you become  a corporate innovator started working for a bank   i made them a billion dollar business which sounds  good but i didn't find my idea i was getting so   frustrated so in 2005 which was before youtube  and before facebook i taught myself to code and   i coded up trend hunter as a place for people  to share business ideas and truthfully i thought   maybe my new idea will come from some trend hunter  in australia like yourself or someone in south   america asia i don't know and what i didn't expect  was that being so early in that crowd source world   we really grew quickly and there were so many  people looking for ideas that traffic went from   thousands to millions to billions and we  didn't have the way to monetize that but   you know i was a a research guy an innovation  guy in the in the bank from the past so i knew   what people or big corporations needed so  when we turned it into a research business   suddenly we could use this platform to be about  20 times faster for market research so now we've   done about 10 000 projects for every major brand  disney samsung nasa red bull just pick a brand   we've probably done something for them and it's  been really fun because i didn't in some ways pick   my idea now i just help other people find their  idea yeah wow crazy that's such a cool story   so at founder you know we're really trying  to democratize entrepreneurial education   and we're producing a lot of content around how to  start or grow a business and pretty much like one   of the number one places that we send people to  when people say like i don't have inspiration or i   i want to start a business but i'm not sure  like what what's where to go we always say   one of the places in all of our resources  always is like go to trend hunter um so it's   it's really cool um to be speaking with you and  and i'd love to delve a little deeper around   kind of the idea of finding trending business  ideas you know how do you know if something will   work how do you know if it's too late and all of  that so um where would you like to start jeremy   well i guess um you know what i well recently  i put out a book called create the future which   kind of the answer is part of that question and  what i sort of tackled and create the future is   this idea that is is interesting and that we get  caught on the path that we're on and there's a   term path dependency it goes back to the 1950s  but it sort of explains why it's difficult to   take the entrepreneurial leap and what you need  to figure out because what happens is that you get   so comfortable and maybe successful at whatever  it is that you're doing that everything else you   look at seems awkward and clumsy and weird  it doesn't seem like it's the the right fit   and so i think a big part of finding your  entrepreneurial world is to recognize that you   have so much great potential within your grasp but  the the problem is that you're so easily tempted   to just stay with whatever job whatever career  that you have so recognize that those new ideas   when you're first starting out they are clumsy  they are awkward and all great innovations have   always been a little bit off the beaten path  you know what what's really interesting about   trend hunter is there's some really good stuff  on there like some really cool innovative ideas   and these are essentially crowd source  where people are sharing their idea   why do people share it well people all around  the world like you are you know interested in   ideas and trying to figure out what's next and  we find that a lot of people like that social   currency of being the person in the know so they  want to hunt and find ideas before their buddies   others are the entrepreneurs the pr companies  the brands the the actual innovators who want   to get the idea out about their product  um and and you know at the end of the day   it's a little bit different to be someone  that's really interested in the business idea   and if you go to a lot of websites they'll sort  of cover hey this company launched model xyz   but at trend hunter we're very much looking  for the idea so when you go to trender.com   you'll see the title wouldn't say track launches  new electric bike that is 3x1 that would be the   normal title on a bike website but we would be  saying uh ecoelectric bikes and that's sort of   step one so you look at the front page and you  see all of these ideas but the second part is   when you click into that ecoelectric bike it will  show you not computer selected but human selected   similar products or ideas ecoelectric scooters  ecoelectric hybrids ecoelectric mopeds and what   we're actually trying to do is study your journey  as a person that's seeking ideas and also just get   you excited by all the related concepts out  there so when it gets back to your question   about why do people contribute well part of it  is you're in this place where you're discovering   ideas maybe sharing being excited and then  suddenly you realize oh they're missing   you know this this one thing i got to get it in  there and so then people contribute and you know   we don't need a lot of people contributing at  the end of the day we've had a couple hundred   thousand sign up but even just a small number  of people who are really excited account for the   majority of the content and then half of our work  is not really getting the content but studying   how people interact with it what is the crowd  really interested in and i'm curious as well like   you know trend hunter is a great place  to go to to find and source and curate   ideas for a potential business but at the same  time what kind of things should people people   be thinking about when it comes to finding a you  know a hot business idea or a trending business   idea besides going to trend hunter like do you  have a process that you could share with people   yeah so i think that people use the word trend  in a way that sort of ruins it because it can   mean everything from what's trending this hour  on twitter which is whatever donald trump has   last complained about to all the way at the other  end maybe a giant mega trend that everyone in the   world already knows about so there's a pretty  big range and what you're actually looking for   to find an entrepreneurial sweet spot is a cluster  of several ideas a consumer insight would be the   marketer's term but we would look at it as an  example where you see several ideas that are   similar that people are liking that kind of  suggest there might be something more there   so if i gave you an example if we rewind around  i don't know two decades and you saw the first   red bull or monster energy drink  you would see a caffeinated beverage   that's one idea maybe it's interesting maybe it's  not but then if you also saw caffeinated potato   chips and you saw caffeinated chocolate and you  saw caffeinated something else you might look at   them and realize well wait there's something here  like what is it that people really want maybe it's   an alternative to coffee because maybe they don't  like coffee maybe it's a different age demographic   of younger people who haven't gotten into it  or maybe it's telling you about a time-crunched   culture where people are doing anything to get  an energy hit so the concept of trying to find an   idea that has lasting power is that you are trying  to find several examples that all illustrate a   cluster of opportunity and that's very different  than looking at just one teeny tiny little idea   which might work or not work or a giant mega trend  which everyone sort of knows about yeah that's a   really interesting point because yeah trends is a  hot word and it's a hot idea but at the same time   you don't want something like for example  you know hoverboard right that's that's just   over saturated right that it was an extremely  trending product but as fast as it came it went   down just as fast right you want to find somewhere  where it's like it's an up-and-comer or what you   call like it has lasting power but it's not so  much like mass market so how do you work that   out well a trend enter our method is uh and if you  visit the website it's free so i'm not selling you   anything but it's this idea of we look for related  patterns where we could find six to ten examples   of something that that seem to be related but new  and then we would actually try to test that using   our website to see what's interesting and what's  not and if you're navigating the site you'll see   all of our stats we kind of expose you know what's  out there but if you were not using trend hunter   and you're generally looking around the world  you're looking for a pattern when where do you see   more than just one thing that seems to be clueing  you into something else that's new and and it's   an interesting period to even bring a lot of this  up because what has happened in this covid period   is that people around the world  have spent a year working from home   and not able to do all the things they want  that's caused the reshuffling of the deck of   which companies are in the lead it's changed our  market and perceptions and consumer interests   it's sort of leveled the playing field and  once we emerge and we're back out able to fully   resume our lives around the world what you'll  find is that there's companies that are gone   companies that are new and consumers everywhere  that changed what they're interested in   so a time period like this is really interesting  because chaos can seem intimidating but it   actually creates enormous opportunity because of  the amount of consumer needs that have changed   and so if you look historically at time periods  of chaos you'll find some of the most iconic   companies were starting so if i  look at global economic recessions   in those time periods you would find disney cnn  hyatt apple burger king fortune magazine uber   venmo airbnb and i could go on and on this is kind  of my background i study chaos and write about it   but the point would be that those companies didn't  start randomly coincidentally because it was a   recession they were successful because in those  time periods people reevaluate what's important   maybe they're looking to save money maybe they're  looking for a different option maybe their lives   have have sort of changed so we're about to  enter in 2021 what i would say will be one of   the most interesting land grabs of opportunity  a window of opportunity for you to find that   business idea that could be so right for what  you're interested in once you've found an idea   something that looks and appears to have lasting  power it has you know like you said maybe a   pattern of of you know five to six similar type  variations of the product or or you know service   like how do you know if you're onto something  what like is it is it just go you know lean   startup you know like what do you recommend yeah  i mean that's going to depend on the idea that   you're coming up with but what i would say is that  now compared to any other time period in history   you're also able to test your idea in a way that's  very rapid the mega trend on trend hunter that we   use to describe this current period is is called  instant entrepreneurship and it's this idea that   you could instantly become an entrepreneur if my  little niece comes up with an idea for a little   plastic uh dinosaur she sorry she could actually  go to thing first get a 3d printed prototype she   could go to wix and for free in half an hour make  a beautiful website she could go to kickstarter   and sell the product before it's ready so it's  going to be different for whatever your product is   but things like kickstarter all sorts of market  testing platforms up there give you the potential   to actually try something to even see if you  could sell a service or idea before it's ready   how do you know when an idea has hit market  saturation like a fidget spinner like a hoverboard   where it's just too crowded um you know like the  coffee scrub that seems like it's overcrowded   like you know i'm going with this right sure  yeah i think a lot of that is about looking at   how many competitors there are and then trying  to understand if you feel you can make a niche   there's a really unique um disadvantage of our  very rapid culture for an entrepreneur which is   that it's very easy for ideas to be copied and  it's very easy for things to run amok because   of it if i give the example of those shareable  bikes uh there were so many companies that started   competing in the shareable bike market that pretty  soon there are a whole bunch of billionaires in   china that started jumping into the market and  if you look for bike graveyard and google images   you can see pictures from outer space aerial  photos of these dumping grounds in china that   have not thousands of bikes but like millions  of bikes just stacked and it look they look   like lavender fields from from from an aerial  view because so many of these bikes were over   produced that will never be ridden because so  much money jumped into the market right away   so i'd say when you're coming up with your idea  you really want to see if you can make something   where you don't feel like there's too many  competitors you're making something interesting   to a specific group of people and that's the  sort of quote that i would use how do you be   irresistible to a specific group of people  because if i know i could make something   that's useful for a small enough group that  i could actually find reach and sell to   then i could start to build my business get some  potential and actually you know monetize something   without feeling like i'm getting into a market  where i'm just too late into the business so   that's going to be different for every market that  you look at but i but i do think you want to try   and find a way where you're not appealing to the  whole world because then you could be competing   against the whole world but maybe find something  that's a bit contained where you feel you can win   sometimes you know vcs they talk about tam total  addressable market and they want a big big market   what's your take there well you'll also find a  number of vcs who will you know talk about how   the the pitch that they don't want to hear  is for someone to walk in saying ah it's a   10 trillion dollar market and i need just 0.1 and  then we'll have millions of dollars like there's a   double-sided part to that um and i also think that  it can be overly exciting to think that you're   going to go get venture capital money but there's  risk inherent to that too there's a stat that   the average unicorn company in a billion dollar  evaluation the founder is worth 50 million dollars   and and that when i first saw that i was pretty  shocked in a sad way for the entrepreneur in a way   because it just shows you how much of a company  gets gobbled up every time you do another round   of venture capital funding so i think it's useful  to try and think about how far you can push   your minimum viable product your small addressable  market that group you can be irresistible to and   and i think that there's this over glamorization  of quitting your job taking the big leap and   going out to get the big vc funding and you know  then it works or it doesn't i mean maybe this is   me being a canadian and that's the american way  and it feels too risky to me but i know with   myself and trent hunter i actually just started  working away at building trend hunter while i was   still running innovation at the bank so i would  you know do my day job come home and code in the   night and code in the weekends and i went about  a year and a half before i actually took the leap   and i even hired my first hire before i left the  company i was working at because i thought well i   could get a student to be a writer an editor or a  new graduate and then uh they could run it and i   could just work on developing it because i still  have the safety of my bank job and so i took a   very different approach to it and generally when  i'm talking to people thinking who are thinking   about what they want to found i i sort of sort of  caution people to make sure they feel like it's   right or find the ways to test something before  you feel like you have to take that big leap   you know if you feel ready and you're ready cool  you're ready but if you're not and you're thinking   about it there's a lot of ways to start working  on your idea without having to quit your job   yeah i agree 110 i've always said and  this is the way i did it with founder   i said uh i need six months of runway for my  own personal like rent and living expenses   and then i'll give it a good crack for 12 months  and just see what happens but like yeah and just   yeah same same philosophy around bootstrapping um  yeah proud bootstrapper as well okay awesome so   i'm curious what your take is around copying right  because many people would look at trend hunter   and they'll go that's a good idea i'm just going  to copy it um what's your take well i think at the   uh you know when it comes to the big world we're  in there are business models that can work that   are effectively looking at something in one  country and then thinking about what you bring to   another country and uh i did spend a lot of my  time touring different countries when i was 20 21   22 just trying to see if i could get an idea that  i could bring back to my to my home country now   that again could be different based on  the industry you're looking at if i use   my personal experience with trend hunter along  the way we really just made a business model   of giving away as much as possible and then being  selective about where we monetize what it is we do   and so because of that because we give our trend  room a lot of our trend reports for free and our   content for free and our dashboards for free  our assessments for free what has happened   is it sort of made it uninteresting for someone  to really try to compete and it's allowed us to   grow because we've cast a much wider net but then  we're selective of where do we actually monetize   and so we usually are only really monetizing when  we have something big that we're selling a big a   big fortune 500 brand that is able to pay a larger  check and maybe for something more consultative so   that's what we've sort of latched on to and we've  taken the approach of just trying to give things   away for free so answering my own experience  that's sort of how i've thought about dealing with   it is that you can give away more for free and  then you're not worried about someone copying you   but then from the reverse could you find another  idea to copy i do think that there's times where   you could look at what something's doing someone  is doing in another country or you could look at   something someone's doing where you can see the  flaws in it and you feel like you could do it   better and using this particular service feels  almost irritating to you maybe you have a way   to just do it better so it's a really interesting  idea um around the idea of copying and the reason   i ask that is because a lot of people you know  they say i say they want to start a business but   they haven't come up with a good enough idea  yet and then they might see you know they had   an idea or they've made that claim to it staking  the ground then oh somebody else has already done   it okay now i need to think of something else  and they can't think up a good enough idea and   this idea of something it's got to be unique and  i'd love to explore that a little more with you   especially because like you know you're an advisor  to over 400 brands billionaires ceos ranging from   victoria's secret coca-cola like impressive stuff  so you would come across this right where there   there's perhaps a an idea or trending  product or service that is out there but   are you advising usually to tweak it a little or  so there's a couple ways to look at that so first   of all there are examples where you could see an  idea that's successful in one market and maybe you   could bring that to another and that's something  that exists in easily and probably 99 of business   ideas you see a really neat cafe that's paired  with a restaurant that's paired with a coffee shop   it's also a bookstore and it's in milan great you  could bring that to melbourne or perth or wherever   it might be and you're not even competing against  them but that idea could inspire you in a way that   you you could expand on but the uh the way that we  look at hunting trends when you're trying to get   an idea that is maybe at a different scale so  for example for a larger company or something   that you want to take international you can look  at other ideas to try to find the patterns of   what's interesting about them and in that case  i might not look at your idea and think it's   something i want to copy exactly but i might  see five or six ideas that are sort of similar   and i really want to unearth why are these things  being successful and if i really push myself on   why is that successful then it could actually  lead me to an idea that might be even better   the third thing that you could do in  looking at the other ideas in the market   is find out what what is wrong with them and you  might have a favorite business a favorite service   a favorite product uh but there's something that  still irks you about that and maybe that could   lead you to your iteration that that becomes  your your new take on something one thing that   i've learned as well when it comes to uh ideas or  trends is when you look at a product or a service   you can always differentiate it by changing  a dimension so i make no credit to this this   is somewhat something that um one of our  instructors uh greta van real taught me   where basically you can change a dimension  of something whether it's the design   perhaps it's the way the product is sold like  there's many different ways that you can change   how that product or value proposition is perceived  what is your take on that like even just changing   it slightly yeah so i do there's actually there's  a series of six patterns that we use on trend   hunter and you can find them when you sort of  navigate through our menus they appear in a   lot of different places but it's the idea that  as you look at a product there are a number of   different ways you can think to evolve it that are  uh patterns that tend to be successful over time   so for example convergence how could you  combine this product with something else   divergence how might you do the opposite of this  product uh cert cyclicality which is the idea that   maybe there's a retro or a generational twist that  they allow you to interpret it in a different way   a redirection which is almost like a surprise  how do you take this product but cause a new   element of it that's completely surprising to a  person and and the last would be reduction how do   i dramatically simplify this take this product or  idea and remove layers make it simple make it less   cluttered make it more specific to a specific end  user so there's there's different methods you can   use to look at an idea and think about  how you would specifically iterate it   that had consistently worked over time to help  people unlock all sorts of different products   and markets okay so i'm curious you said that  you've worked on over 10 000 projects and this is   north korean for enterprise fortune 500 what are  the kinds of like projects or anything notable   that you'd love to kind of tell us about or maybe  even talk us through that process of how you've   helped some of these big companies like  massive massive massive companies innovate   sure so uh in toronto trenhanter has about 80  people that are uh paired with all sorts of   different brands and our platform allows us to do  market research about 20 times faster for 10 the   price so the concept would be you work in red bull  and you want to figure out if there's a way to   target females with an aggressive sport an  aggressively competitive sport sort of like   a tough mudder or something like that but you want  to try and tap into that female competitive spirit   so we would work with your team and on a monthly  basis we would do a new project a new deep dive   continually helping you figure out maybe that  project or whatever the next one is so if you said   that was what you were diving into our researchers  in that given month might find for someone at red   bull all of the different examples of hyper  competitive female sports over the top female   sports around the world they can the psychology  that's driving that the success levels what's   working what's not and then as that's presented  to our clients it would be presented in a workshop   and they would think through different ways to  twist and turn on what really stood out in that   meeting they might say oh i really liked this um  you know particular angle of female competition   that was really unique i never thought of that can  we dive into that and take a different layer and   we would do this again and again and again and we  have a lot of really cool wins that have happened   some of them have turned into billion dollar  products but there's not too much we're always   uh you know allowed to talk about because you're  working with the strategy teams on on what's next   but we helped nasa prototype the journey to mars  we helped the chicago tribune go from bankruptcy   to most profitable paper in the us uh and we've  got to work on a lot of new product launches for   for all sorts of cool brands so uh sometimes  i wish i could tell more about what's in the   pipeline but for me i'm really living my dream job  to just be working with all these brands knowing   what they're working on that doesn't  come out for the next couple of years   wow that's crazy so like i have to ask like delve  a little deeper on at least one like the chicago   tribune like what did you guys specifically  do how did you get that on track you obviously   changed the positioning of the paper so i had  worked with tony hunter who was the uh publisher   back uh about a decade ago i'd written a  bestseller called exploiting chaos in 2008   and it was about how chaos creates opportunity  kind of along the themes we've talked about   and what happened is i started getting invited  by ceos because the market went really chaotic   in 2009 there was a financial crisis and i would  help one and then all sudden they would ask for   me or they would refer me and i'd get to help  another another another so that led me to some   really interesting career scenarios for the  tribune we'd first worked with tony hunter when   he was publisher in order to help him go digital  that was easy that was right in our wheelhouse   but the interesting thing is one day about four  years after that transformation he gets the phone   call and he's the publisher and the phone call is  we want you to be ceo but but that's kind of weird   because he wasn't ready to be ceo i mean it's  a different job leap but he's excited in a way   and they said great we want you to be ceo then we  want you to lay off 20 of the staff and then we   want you to declare bankruptcy and sell more ads  well that sounds like a terrible job i gotta fire   my friends declare bankruptcy i'm the fall guy  like why would you want to take that but at the   same time you know this is the job he'd put put  26 years of his life into so it was irresistible   he couldn't he couldn't not do it but then in that  process he pushed really really hard uh trying to   think about how to turn the team around so there  were a bunch of things we did on their culture   there were posters all over you know things like  culture and strategy for breakfast there were town   halls where you would bring everyone together  and involve them and co-create in the future   but then there are also hackathons that we would  run where we would take the different teams   and use our patterns of opportunity as an example  to have them iterate again and again and again how   might you rethink what it is that we're doing so  if i give you a couple examples one of the things   that was happening in the media is that every  newspaper that was trying to survive was shrinking   the paper size they're all getting smaller and  smaller and smaller and smaller thinner thinner   thinner thinner the example pattern of divergence  which we talked about is that you do the opposite   of what people are doing so if everybody else is  making their newspaper smaller and smaller and   smaller i get the economics of it i get that's  how you fight digital but if everyone does that   what if you do the opposite so they started making  a tribune paper that was way thicker than it ever   had before it costs more however the point is if  you like news about chicago if you want to know   about the chicago cubs well now there's only one  newspaper you care about because all the others   got tiny and only one matters so everyone started  switching over and uh starting to use the tribune   so it crushes your competitors you do better the  next pattern i'll talk about that's interesting in   their scenario would be reduction so reduction is  when you really boil it down what do you really do   who's your customer actually what do they really  really want from you and if you think about a   newspaper you sort of think the end customer  is the reader but the reader doesn't really   pay for the revenues the revenues come from  the advertisers and there's big advertisers   like mercedes benz and american express and  there's the little guys the local advertisers   the local ones actually pay way more and they  account for the margin of a newspaper business   but the point is the local ads are also the worst  because if you take a look at them they're little   businesses that don't know how to advertise  so they have terrible ad campaigns and their   ads in the newspapers say buy more stuff we need  you to buy our stuff like they're just not good   so the takeaway for the chicago tribune was well  if we use the pattern of reduction and we think   of that as our customer and we think about what  they really need well they need marketing strategy   so what if instead of just selling them ad space  we sort of make it a little bit different where   we're actually trying to give them like a cmo  like marketing services to make them better   so that's what they did and lo and behold that  ended up being their big opportunity of profit   and success and that caused them to go from  bankruptcy to being one of the most profitable   the number one most profitable news organization  in america within a small number of years   yeah wow that's impressive man i could talk to  you all day we have to work towards wrapping up   um i'd love to talk about your latest  book um what compelled you to write it   so the newest book is create the future and  it's actually a double-sided book so on one   side it's create the future and on the other side  it's the innovation handbook which is a rewrite   the site two of my first book ever exploiting  chaos and uh it's half pictures so you know   it's good but really what i wanted to do is  make like a textbook of innovation and change   and take all these lessons that i've learned from  working with hundreds of different brands now   and sort of put in their lessons so people say oh  innovation you've got to go change and you've got   to be ready to fail okay cool but how show me  how like i'm convinced just give me the tactics   so in that example the book is loaded with the  tactics so failure okay well here's what others   do and in adidas they host a project funeral  to celebrate your project that didn't work   at staples our client will give you a written  permission slip to fail that means go try again   we believe that you know in you for what you're  doing at the bbc they put a gambling fund in and   ideas that fail the normal screening process  could still qualify for gambling fun money but   the point is we've been gathering hundreds and  hundreds of these tactics and i've learned a lot   from them but i really wanted to make a resource  that had them all there so that people could   really figure out how do you make innovation and  change actually happen i'm really curious as well   innovation it's an interesting word right like  um from my perspective when i think of innovation   i more think of big business and disrupting  and change but then there's the other side of   it where you know you can have innovation  uh within very very small businesses too   or even as just as an individual i'm curious like  from for the for the people that would be watching   this now majority of our audience uh early stage  startup founders people looking to you know start   a business or they might be working on something  right now or they might have launched it recently   what advice would you have for them when it comes  to innovation for me innovation is the buzzword   for creativity and coming up with new ideas and  i think that the simplest way that i would put   it is that there's a misnomer that innovation  is this unattainable big thing that's happening   in a certain department at apple but really it's  about coming up with new products ideas services   or just a different way of doing things and people  build it up to be some big complicated thing but   actually it's as simple as trying the same  thing that's happened for years and years   in a slightly different way and what's unique  about it is because it's sort of blown up to   be this weird thing people don't really uh invest  their time into getting to be a better innovator   but the end of the day it's not a creative fluffy  thing it's a science and there's all sorts of   tactics and tools and techniques that you can do  to help yourself get better and actually coming up   with these ideas and refining them so i would  invest your own personal effort into actually   trying to learn these tactics and techniques so  that you're more likely to succeed and so that   your product is just that much better which could  be all that it takes to get you to your next level   i love it um what about the balance though because  innovation ideas that's the fun that's the sexy   stuff but then you've got your business as usual  and you've got to keep the wheels turning you've   got to keep the oxygen coming in how do you know  that how do you work at that balance well i would   sort of argue that innovation can be broad and  it's trying to make that day-to-day also more   efficient and one of the weaknesses that sometimes  hits an entrepreneur is this feeling that no i   don't need innovation i'm in an implementation  phase i just need to figure out how to scale and   and and that's quite a trap our motto at trent  hunter little trademark model used to be find   better ideas faster and and why i thought that  was an interesting motto to try and think about   is because it's so easy to think no i have an idea  i'm just trying to get it out there it's like yeah   i'm just trying to make a better idea you know had  a good idea for a smartphone blackberry palm pilot   but apple made it just a little bit better and  then they didn't have to sell it sold itself so   you could always tweak your product to be better  and innovation doesn't just have to be about the   product it can be smarter ways to going to market  motivating your team thinking about all the things   to basically improve your business by adapting and  in a time period of now the chaos that we're in   well all those tactics and tools could really be  helpful yeah i agree it's um it's yeah it's one   of those things where it's a mindset shift right  absolutely it's a sort of continual improvement   but but it's also one that's uh sort of ripe for  this time period that we're in today yeah i agree   so much opportunity right now okay so um yeah  look uh we'll work towards wrapping up jeremy this   has been a fantastic conversation really enjoyed  talking with you been so generous with your time   two last questions one any final words of wisdom  that you'd like to share with our audience of   early stage startup founders and then two where's  the best place people can find out about more of   your work at uh you know trend hunter or create  the future or any of your other books or i know   you have conferences you have all sorts of things  going on well the simplest thing i would say is   that you're capable of more than you think so the  question is what other opportunity you have that's   so close within your grasp and you can get there  but it takes effort so how are you going to push   harder act sooner fail faster and never give up  because you truly can get to those higher levels   if you want to find more from me you can visit  trendhunter.com where you'll find all my contact  

info our free future festivals our webinars all  sorts of keynotes i have and if you want to see   my life work my textbook or visual handbook  on innovation and change is create the future   tactics for disruptive thinking and you can  pick it up pretty much anywhere amazing well   look thank you so much for your time jeremy was  absolute pleasure all right thank you very much   have a great day hey guys hope you're loving our  videos and you're getting heaps of value from them   if you are make sure to hit the like button and  make sure to subscribe to join the founder fam   and if there's any burning questions you have  make sure to leave them below in the comments   if you did enjoy this video and want to continue  to master your skills make sure you click here to   access your free training now we will go into  way more depth with this founder see you there

2021-06-10 16:22

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