124: How to Create Value with Million Dollar Ideator Mike Stemple

For any business, regardless of size, innovation is an essential part of growth. We live in the age of entrepreneurs who are disrupting large companies more than the large companies are disrupting each other. Technologies like generative AI are enabling us to create value at a rapid pace. How do we explore new ideas that can drive radical value for your customer?  Succession Stories host, Laurie Barkman, talks with Mike Stemple, the Amazon best-selling author of two books, "Million Dollar Ideator: The Surprisingly Simple Way to Quickly Create Profitable Ideas" and "Innovating Innovation: Why Corporate Innovation Struggles in the Age of the Entrepreneur." His ideas have created millions in revenue and helped millions of people.  Mike's journey of creativity, curiosity, and innovation began with a life-altering event– an accident that ended one chapter of his life but opened another. He's a successful entrepreneur who has built more than 20 companies and products including Skinit and 3M Original Wraps– those vinyl stickers you can put on tech devices like ear pods and phones. Mike shares a unique story about Skinit that will inspire you. It's a moving story that illustrates his belief that innovation is about solving problems for customers. Enjoy this Succession Stories episode that just might inspire your next million dollar idea!   Listen in to learn more about: Rejuvenating innovation in mature companies A philosophical perspective on technology and innovation Building a business driven by innovation and problem-solving Have a radical love for the customer The 200-hour rule for shaping ideas and innovating Buy versus build approach to innovation   Show links: www.mikestemple.com Grab a copy of "The Business Transition Handbook" for yourself at https://amzn.to/3Hqj2eo Download the official workbook to help you plan your transition as you read at https://thebusinesstransitionhandbook.com Follow the Succession Stories YouTube Channel    If you enjoy Succession Stories, please leave a review. Reviews help me reach new listeners, grow the show and continue creating content you'll enjoy.  Please click here to leave a review: RateThisPodcast.com/successionstories   About Succession Stories Podcast Succession Stories is an award-winning podcast guiding entrepreneurs from transition to transaction. Hosted by Laurie Barkman, author of "The Business Transition Handbook: How to Avoid Transition Pitfalls and Create Valuable Exit Options."  Learn more about Laurie's strategic business transition planning and M&A advisory services by visiting: https://thebusinesstransitionsherpa.com  ______________________________ SHOW SPONSOR: STONY HILL ADVISORS Is this the year to sell your company? Don't leave your exit to chance. Stony Hill Advisors works with owners like you to get ready and maximize value when you're ready to sell. Visit www.stonyhilladvisors.com/podcast for a complimentary business valuation.