Research & Development (R&D) Q&A

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Jef Lippiatt added an answer to this question
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Jef Lippiatt

Jef Lippiatt, Owner at Startup Chucktown

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Thanks for tagging me @Hatty Bell. I think you’ve covered most of them. I do prefer it here on Savvy because the responses are generally helpful and positive and not deriding or snide.
However, from time to time I browse on Quora (I’m not sure how big it is in Australia). It has less focus, meaning there are questions on everything and anything. This is a much better focused community for learning about business and entrepreneurship.
Also, LinkedIn has some good groups that encourage questions, but they aren’t solely Q&A communities. 

Hatty Bell

, Team at

Thanks for the kind words @Jef Lippiatt ! I actually find Quora really hard to read too. The ads, suggested discussions and drop-downs don't nuture a free-flowing reading experience. I didn't know Linkedin had those kind of groups - are they specific to an industry? Have you used these before @Allisha Martin ?

Steve Osborne added an answer to this question
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Steve Osborne

Steve Osborne, director at Stephen Roger Osborne

Put it all on red, marketing.

Peter Drucker, the father of business consulting, once made a very profound observation:

“Because the purpose of business is to create a customer, the business enterprise has two–and only two–basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are costs. Marketing is the distinguishing, unique function of the business.”

With the proceeds, put it all on black; innovation. Re-invest in your business – improve your product, process, people.

Repeat.

Jef Lippiatt

, Owner at Startup Chucktown

Thanks for your answer Steve!

Brad Lyons added an answer to this question
Research & Development (R&D)

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Brad Lyons

Brad Lyons, Consultant at

Top 10%

Do you innovate in your business? Yes


If so, how? By knowing the industry and being passionate about it. Like I mentioned in another post. I don't let my competitors dictate where the industry is heading. I force them to try and catch up with me.

Know the industry you are in, master it and develop the industry yourself. It is a lot easier than most think, all it takes is passion and knowledge of the industry you are in.