The path to successful innovation can be rocky, requiring the right expertise, resources, and strategies to seamlessly navigate common roadblocks. Often, businesses struggle to understand the market, identify growth potential, access funding, manage resources, foster partnerships, and recruit the best talent. The result can leave companies stalled.
Understanding how to maneuver through business and innovation challenges can be overwhelming for entrepreneurs and small and medium enterprises (SMEs), pulling time, energy, and focus from the research and development efforts needed to succeed.
In a survey by Guidant Financial, SMEs ranked lack of capital as their No. 1 challenge. Recruiting and retaining talent ranked second.