EP 65: Innovation as A Business Model with Costa Michailidis
Thriving Practice with Tracy Cherpeski
English - August 10, 2022 15:18 - 48 minutes - 66.3 MB - ★★★★★ - 14 ratingsEntrepreneurship Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In today’s episode, I am really excited to be speaking with Costa Michailidis of Innovation Bound.
Costa shares that his journey to becoming an entrepreneur seems to have been in his blood, since he comes from a long line of entrepreneurs who got their start as builders in Greece before moving to New York, and then becoming well-recognized for their high-end renovations in some of Manhattan’s finest apartments.
Costa helps people use creativity to solve problems, and reminds us that we need to learn how to cope with the rapidly changing environment thorough resilience and innovation. He defines innovation something uniquely new and valuable, or a process that results in something new and valuable. He says that entrepreneurs play a valuable role in bringing new technology to the masses, through innovative methods.
Costa teaches us that we need to test early and often, rather than, say, investing 4 years and $400K only to learn that the market is lukewarm to our brilliant idea or invention. We discussed how iterative development in our business and services not only creates more refined offerings in our business, but also builds resilience within the business in the form of adaptability, AND personal resilience and adaptability.
Costa focuses on 5 Innovation Habits:
Test early and often
Be ready to improvise and adapt
Come up with lots of ideas to go beyond your regular thinking and problem solving
Give and receive feedback as a way to improve your ideas
Ask the right questions
You won’t want to miss when he takes the time to teach us about #3: come up with lots of ideas to go beyond your regular thinking and problem solving.
He’s sharing a reduced-priced resource in his Innovation 101 course, and for the time being, it’s priced at $35, so if you’re wanting to dive deeper into your own innovation, I strongly recommend you take advantage of this opportunity. Innovation 101 Course
I know you’ll enjoy learning from Costa today, and I suspect you’ll want to scroll down and follow the links in the show notes so you can go down the rabbit hole of innovation. So, you know what to do: grab a beverage or a snack and settle-in to listen to Costa and his amazing journey.
Find Costa:
Resources:
Reimagining The Search For Life Beyond Earth With Professor Lee Cronin
Lee Cronin: Origin of Life, Aliens, Complexity, and Consciousness | Lex Fridman Podcast
Costa’s Bio:
Costa began life as a creative misfit, using his imagination to spur havoc, laughter, and the occasional unintended success. Come to think of it, he hasn’t changed much over the years.
Some of his recent adventures include working with NASA scientists to reimagine the search for life beyond Earth, designing innovation tournaments inside of Fortune 500 companies to seed innovation projects, speaking at the United Nations in New York as part of the first TEDx event there, working with a group of cyber security experts (including one of the original creators of the internet—not Al Gore) to make recommendations to the Obama Administration, and that’s just the compulsory who’s who. Some of the most impactful and beautiful work he’s done has been with college students, young entrepreneurs, and nonprofit organizations.
Costa’s passion, and by some cosmic coincidence his job, is to help people be more creative, so they can solve new and meaningful problems in the world. He takes great joy and pride in skillfully priming the human brain, and the human heart, for creative breakthrough.
He cofounded Innovation Bound, and has joined a team of academics, entrepreneurs, consultants, and other creativity & innovation experts just like him to help accelerate innovation efforts in science, business, and beyond.
Costa grew up in the world of competitive gymnastics. To this day, he still chalks up to swing high bar on Wednesday nights. If you spend enough time with him, you’re sure to catch a glimpse of him flying through the air or standing on his hands.
Connect With Us:
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