Dave Lukas Chats with Bob Roitblat
88: Sailing to Success Through Innovation with Bob Roitblat
This week’s Misfit Entrepreneur is Bob Roitblat. Over 3 decades, Bob has innovated, developed, and successfully exited over a dozen businesses. He has developed a unique way of leading and building a business in that he is a competitive sailor and has used the principles needed to succeed on the water to help his businesses and those he consults with to succeed at the highest levels.
The thing that struck me the most about Bob was his thought process around innovation and the tried and true systems he has created to help companies not only be able to innovate and create opportunities at high levels, but to continue to sustain that innovation over the long term.
Innovating is more critical than it ever has been in business. You can come out with a solution today only to see if become obsolete a short time later. Your ability to innovate as business owner, leader, or even just as an individual in your everyday life is a critical skill you must embrace. And in this episode, my goal is to give you a great set of principles to do that from.
When Bob was a kid, he wanted to be a star and he has actually been on more than 60 tv shows, feature films, and movies – it has been a hobby of his for many years. He also has sailed everywhere from California to Hawaii, the Caribbean, and the oceans in-between. As Bob notes, sailing is a wonderful metaphor for business because of the processes, systems, and strategies you need to follow the not only survive, but make a successful sailing trip with a crew.
Why does competitive sailing translate so well to running a business?
What is the one thing you have taken from sailing and used in your businesses that you would say has contributed the most to your success?
At the 9-min mark, Bob discusses how entrepreneurs can prepare themselves for the storms that come up in business
There are 3 kinds of business owners: Reactors, Managers, and Leaders
We must become leaders and anticipate so we can respond and not just react
Why do some organizations always seem to be on the cusp or innovation, while others stay stagnant?
What steps are needed to have a good innovation process?
Which step is most important? Why?
Insight before ideas. If you don’t have insight into the problem you are really solving, then your idea is much more likely to fail.
“People don’t buy products. They buy results. They buy progress. If your product can deliver the results and progress that people crave, it’s a winner.”
Characteristic of Great Innovators?
At the 34-min mark, Bob talks about what he has learned about creating a business to sell and selling a business
How can businesses best boost their profits?
What is the most important area for business owners to focus on in their business?
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