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Most companies that have succeeded by the way they manage new business ideas. Some of the questions that a manager needs to ask are, do you investigate, ignore or stamp on an idea? Most managers make the mistake of viewing people with new business ideas as having found a new way of spending company’s money. Other managers look at the risk involved while others view it as time consuming. This usually happens where there is no history of the idea having worked before. A manager may take a scenario where the idea will require a great deal of time and effort to implement and in the long run be costly to the company. Coming up with new business ideas has seen many people lose their jobs or quitting to start their own businesses. Depending on what kind of business owner you are, you have devised ways of ignoring or embracing new business ideas that are imperative to your business growth. The worst mistake a manager or business owner can do is to overlook the efforts of his employees when they come up with new ideas. The best thing to do is to come up with proper evaluation procedures that will make sure that new business ideas are debated upon and better still improved on. When employees see that their ideas are not valued, they will mostly likely stop being innovative and hence your company will not have freshness that is required to encourage business growth. The best way to motivate your workers is by appreciating their input and with time they will have a sense of ownership in the affairs of the business. Stephen is an Business Organizing Expert . He researches and studies on big and small business strategies . Visit his informative website at:- Business Management Solutions for efficient business operations.
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