One expert says that it is good for businesses to experience failure.
Herb Sih from Think Big Partners, a Kansas City company that mentors entrepreneurs and promotes new business ideas, said that as the guest speaker at the Blue Springs Chamber of Commerce's monthly luncheon Thursday afternoon at Adams Pointe Conference Center.
“I ask myself, ‘What would you do if you knew you couldn’t fail?’” Sih told the audience.
The Think Big founder’s main point during the presentation was today’s business world should embrace their failures as much as their successes. Failure and impatience create innovation for businesses to thrive in the future, Sih said.
“Commitment to problems is key, not solutions,” Sih added. “Failure is a good thing.”
Sih shared an anecdote about a lawmaker who was devastated about a bill that didn’t pass. The bill’s opposing party simply outworked and outspent their way to victory. The lawmaker’s failure, he said, led to an innovative idea that mobilized voting.
“Innovation is about out thinking.”
Neil Sih, another co-founder, also mentioned that entrepreneurs should not work alone thinking about the next great idea, but to network with others. He explained that you should always protect your work, but discussing ideas with others will be more beneficial.
“The ability to talk more, the more your ideas take shape.”
Also at Thursday's luncheon, Lunar Bowl claimed the Business Innovation Award.
Lunar Bowl and owner Garry Cobb were nominated for offering bowling instruction for individuals, employees and social groups. The winner was selected by an independent panel from the University of Missouri.
Lunar Bowl will receive a $5,000 grant to implement their idea. The criteria for winning the award was based on whether Blue Springs businesses served unmet needs and provided different and better solutions to help make a stronger community.
Other nominees included:
• Data Pros, which presented a technical support line to help customers with computer issues over the phone rather than physically taking the machine to a repair center.
• Christine’s Salon for the addition of a training facility for new hair restoration technology.
• Mid-Continent Public Library for making library services more mobile.
• AniMed Animal Hospital for offering acupuncture on pets suffering from arthritis and neurological disorders.
The luncheon concluded with a video presentation advocating residents to vote yes for the half-cent sales tax ballot issue for park funding. Voters can decide on the issue in the Nov. 5 election. If approved, the funding will go toward improving parks, repairing walking trails and the construction of a new community center near the Target store in Adams Dairy Landing and Adams Pointe Golf Club.
Amenities of the proposed community center include an indoor aquatics center, basketball and volleyball courts, running/walking track, performing arts stage space, children’s playground, meeting rooms and a teen center.
If the issue is passed by voters, the community center is expected to be completed by the end of 2016.