The development of his company, Innovative X, is the result of much planning and effort. Such developments would not be possible if it weren’t for Gibson’s vision, resourcefulness, and work ethic – qualities that any entrepreneur needs to bring to the table in order to not only survive, but thrive in the business world. Gibson’s story is as unique as the nature of Innovative X, and this is how it started out..
THE START OF THE BUSINESS
Each and every lunch gathering would end with Gibson and his friends going back to their “ordinary” lives, yet a lasting impression had already been made on Gibson himself. Born from those gatherings was the concept of Innovative X. It had started out as a small group that sought to help one another in terms of developing ideas, regardless of what they were. Initial interest in the group was high, allowing room for rapid growth.
TURNING THE IDEA INTO ACTION
Daryl Gibson, greatly influenced by those he refers to the “great innovators of our time”, such as Elon Musk and Reid Hoffman, began to research with the intent of building a process that’s capable of transforming any idea into reality. He conducted intense research by studying the commonalities of numerous methodologies such as TRIZ, lean Startup, Stage Gate, Human Centered Design and many others and combining them with his own observations and experiences. Later on, he assembled a team and began the creation of an online tool that they called Idea Essentials.
Gibson had met with tons of people, but none of those professional partnerships had worked out for most part. His persistence paid off eventually, and he was able to find one that worked out quite well by offering a creatively structured profit sharing arrangement. Another challenge pertaining to the lack of funds was that Innovative X had almost no money to work with. Gibson, however, describes this as a blessing in disguise.
This was achieved by bartering and helping others in identifying with their company’s mission and goals. Then there were those people who believed that their ideas were unique and could never be developed with the use of a program that is built for all ideas. What they failed to comprehend is that every idea shares common requirements which must be performed in a very strict order. The failure of certain people to comprehend this has been quite challenging to say the least.
THE WORD ON COMPETITORS
Innovative X’s drive is to challenge everything and respect teammate’s rights to contribute their input. This creates an environment in which everyone feels comfortable in sharing their observations, concerns, and suggestions, no matter how controversial. This approach to business allows for the improved creation of products and services in a way that competitors would find difficult to match.
THE WORD ON MOTIVATION
THE MEANING OF ENTREPRENEURSHIP