5 examples of how tough times generate the most impactful innovations
Difficult challenges are sometimes the secret to the best innovations.
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July 3, 2021
4 minutes to read
Opinions expressed by Contractor the contributors are theirs.
As we begin to recover from the pandemic, many entrepreneurs face difficult business setbacks, lost profits, and in some cases, a full restart after having to go out of business. But entrepreneurs are used to being eternally optimistic amid chaos and unpredictability, whether it’s the emergence of Covid-19 or the rebound in personal tragedies, loss of property, lawsuits. or even simply the need to pivot in the direction of their value proposition.
This resilience can serve as fuel and motivation for all Founders and reaffirm that tough times can be a platform for the next big thing. The following examples of founders who have recently created innovative solutions to their own problems – or global challenges – might even inspire you in your own business endeavors.
Related: AI Innovations Continue to Revolutionize Healthcare
Turning disease into a goal
It is often a personal crisis in the life of a founder that can lead to new clarity and a new purpose. Even tragedies near them can have a renewed impact on communities as a whole, simply because their perspectives have changed and they are ready to do more.
Many say that near-death experiences cause them to better assess what they want their mark on the world to be. Daniel Badran is no exception. As the founder of energy efficiency services company Minimize, he started his business after a battle with cancer sabotaged his ability to speak for three years. During this tragic time, he redoubled his efforts to start a business that could help the world from a sustainability standpoint.
Other founders set up businesses to immediately deal with the kinds of personal tragedies they’ve encountered, like Johnny Crowder. Crowder created Cope Notes, a text messaging platform that provides mental health support to subscribers. This service was born out of his own mental health issues, as Crowder had to deal with schizophrenia, OCD and bipolar disorder all his life.
There is no entrepreneur more admirable than one who has overcome the very difficulties which his innovation seeks to remedy. It can have a significant impact when this innovation has a direct influence on the health and happiness of others. Take Dr. Patricia Lawman, CEO of Morphogenesis, a company that helps organisms fight chronic disease on their own. Dr Lawman is also Director of the Division of Molecular Biology of Cancer for the Walt Disney Institute, and her breakthrough technology and service is a tribute to those she knows who are struggling with chronic disease.
Related: 5 Technological Innovations That Are Changing Medical Practice
Meeting the challenges facing the world
In a time of so much mass suffering and so much challenge, entrepreneurs have taken a keen eye on what they can do to help. Companies such as Louis Vuitton have access to factories and supplies and were able to quickly ramp up with PPE equipment during the height of the pandemic.
Jon Fisher is the founder of CrowdOptic, a company he started when he noticed medical demands were increasing when Covid-19 began its deadly spread. Fisher and CrowdOptic have partnered with National Bioskills Laboratories to help all medical communities through AI and bioskills when needed most. The concept was to remove geographic barriers and ensure that healthcare professionals could work together remotely, aided by technology, and immediately apply their findings and new skills to their work in patient care.
Covid-19 has also raised significant financial fears for many. Justin Donald felt called to help others who were struggling financially during the pandemic and beyond, and he channeled everything he learned about creating an income by investing to help others. people to build wealth while looking for a new job. For some, it has even become a secondary activity to support their families.
Each of these examples proves that hard times don’t beat everyone. They can simply provide a breeding ground for big, bold and life-changing ideas, especially when executed in a place of passion. Although tough times are tough, they fundamentally change the way we work and live, and the entrepreneurs who come forward and contribute their talents, time and innovations to make the world a better place are much appreciated by all.