Is the Advice “Don’t Re-Invent the Wheel” Accurate? – A Tip for New Entrepreneurs

Business

The entrepreneur life is incredibly trendy right now among millennials. Maybe it’s the fact that you get to be your own boss, or it’s the allure of high risk and high return life. Due in part to the romanticized life of a business person (no thanks to media) wanting to be your own boss while inspiring and adventurous is also a lot.

Something common I hear a lot from starting entrepreneurs is their struggle to stumble across the “next big thing” or million-dollar idea. And while have a eureka moment can be possible, it is also very very uncommon a groundbreaking, never-before-seen idea – especially if you’re not focused in any one particular field/industry.

The low probability of inventing something entirely new is already a hurdle to overcome let along the many barriers you’re going to face when you publicize your idea. You have to convince people it’s relevant, it solves a problem (and come up with that problem on your own in the first place). You also have to be able to fight criticism with real tangible facts. Plus, how do you know 100% that there is nothing done that is similar to your idea?

Inventing something entirely new successfully can be incredibly challenging, instead, why not select an idea that’s already working? I’ve always assumed that the expression “Reinventing the wheel” was negative. You hear “don’t try and reinvent the wheel” because to do so means that you’re putting effort into a project that’s already been done or optimized.

We are made to believe that everything is already set with little room for innovation. People are criticized for not coming up with any original ideas, but if we stopped better previous processes we would be stuck and never progressing.

It’s rarely ever about who did it first. The business world isn’t grade school. It’s about who does it best. Reinventing something to be better makes you an industry leader, replacing those who are passive and complacent in their time.

So before you think you need to be completely innovative to make it, it could be that the only innovation you need to do is putting your own spin on a classic idea. Here are just a couple of examples of successful businesses that put their own spin on an already created invention.

 

1) Tesla Didn't Invent Electric Motors

Surprise! The electric car is actually a very old concept. Thomas Edison and Henry Ford put their minds together to try and create a low-priced electric car. Sound familiar? Tesla is known for their cutting-edge electric motor technology but they weren’t the first ones who thought of the electric car. For reasons that you can read here, the electric car was killed by Ford and put aside for another day, a day where Elon Musk reinvented a better wheel. Like Elon Musk, if you re-do something, make sure you’re going to make it the most kickass thing you can conceptualize. Be disruptive, and change the industry paradigm.

 

2) Google didn't invent the search engine

As much as Google changed our concept of search engines and created what it is today, they weren’t the ones that came up with the idea. Search engine sites started popping up in colleges most frequently in 1993, but the very first search engine was called Archie and it was made in 1990. Then Webcrawler was created, became popular but died in 2001 letting Yahoo take over as the most popular search destination on the web. But these earlier search engines were messy, unorganized and weren’t very accessible. Wanting to “organize the world’s information and make it universally useful,” a search engine that used to be known as Backrub (before being named Google) was born.

 

 

3) The Wright Brothers didn't invent engines, propellers, or wings!

So what did they do? Well... they made it actually work. Despite these parts being created separately and by someone else, these two American aviators are credited as inventors because they created the SUCCESSFUL aeroplane.

 

 

When you do re-invent the wheel, or at least think of ways to, try and learn from the failures and not the successes. I believe that failure teaches us way more than success stories because you always remember your mistakes. While success stories are heartwarming and great, not everyone remembers everything about them. We don’t analyze, review and dissect successes the way we do when we fail. I’m telling you this because you definitely will fail, and don’t be scared of that fact. Some of you may fail more than others, but no matter what know that success is never a straight line.

 

If you’re scared of failure, you won’t be able to create something that’s similar to what’s been done before. You’ll keep waiting indefinitely until a Eureka moment strikes you with a never before heard of idea. Be open to reinventing the wheel, you never know if your version will actually be the next billion-dollar idea.

 

 

Did you enjoy this blog or have an idea for the next one? Give us a shout at hello@ghostit.co!

 

 

 

Join Our Email List

Thanks! We will only send you awesome things or helpful tips on how to improve your business.
Hmm, something went wrong try again!
Rahul Bhatia

Co-founder of Ghostit

Related Posts

Is the Advice “Don’t Re-Invent the Wheel” Accurate? – A Tip for New Entrepreneurs

Is the Advice “Don’t Re-Invent the Wheel” Accurate? – A Tip for New Entrepreneurs

Author :

Rahul Bhatia

The entrepreneur life is incredibly trendy right now among millennials. Maybe it’s the fact that you get to be your own boss, or it’s the allure of high risk and high return life. Due in part to the romanticized life of a business person (no thanks to media) wanting to be your own boss while inspiring and adventurous is also a lot.

Something common I hear a lot from starting entrepreneurs is their struggle to stumble across the “next big thing” or million-dollar idea. And while have a eureka moment can be possible, it is also very very uncommon a groundbreaking, never-before-seen idea – especially if you’re not focused in any one particular field/industry.

The low probability of inventing something entirely new is already a hurdle to overcome let along the many barriers you’re going to face when you publicize your idea. You have to convince people it’s relevant, it solves a problem (and come up with that problem on your own in the first place). You also have to be able to fight criticism with real tangible facts. Plus, how do you know 100% that there is nothing done that is similar to your idea?

Inventing something entirely new successfully can be incredibly challenging, instead, why not select an idea that’s already working? I’ve always assumed that the expression “Reinventing the wheel” was negative. You hear “don’t try and reinvent the wheel” because to do so means that you’re putting effort into a project that’s already been done or optimized.

We are made to believe that everything is already set with little room for innovation. People are criticized for not coming up with any original ideas, but if we stopped better previous processes we would be stuck and never progressing.

It’s rarely ever about who did it first. The business world isn’t grade school. It’s about who does it best. Reinventing something to be better makes you an industry leader, replacing those who are passive and complacent in their time.

So before you think you need to be completely innovative to make it, it could be that the only innovation you need to do is putting your own spin on a classic idea. Here are just a couple of examples of successful businesses that put their own spin on an already created invention.

 

1) Tesla Didn't Invent Electric Motors

Surprise! The electric car is actually a very old concept. Thomas Edison and Henry Ford put their minds together to try and create a low-priced electric car. Sound familiar? Tesla is known for their cutting-edge electric motor technology but they weren’t the first ones who thought of the electric car. For reasons that you can read here, the electric car was killed by Ford and put aside for another day, a day where Elon Musk reinvented a better wheel. Like Elon Musk, if you re-do something, make sure you’re going to make it the most kickass thing you can conceptualize. Be disruptive, and change the industry paradigm.

 

2) Google didn't invent the search engine

As much as Google changed our concept of search engines and created what it is today, they weren’t the ones that came up with the idea. Search engine sites started popping up in colleges most frequently in 1993, but the very first search engine was called Archie and it was made in 1990. Then Webcrawler was created, became popular but died in 2001 letting Yahoo take over as the most popular search destination on the web. But these earlier search engines were messy, unorganized and weren’t very accessible. Wanting to “organize the world’s information and make it universally useful,” a search engine that used to be known as Backrub (before being named Google) was born.

 

 

3) The Wright Brothers didn't invent engines, propellers, or wings!

So what did they do? Well... they made it actually work. Despite these parts being created separately and by someone else, these two American aviators are credited as inventors because they created the SUCCESSFUL aeroplane.

 

 

When you do re-invent the wheel, or at least think of ways to, try and learn from the failures and not the successes. I believe that failure teaches us way more than success stories because you always remember your mistakes. While success stories are heartwarming and great, not everyone remembers everything about them. We don’t analyze, review and dissect successes the way we do when we fail. I’m telling you this because you definitely will fail, and don’t be scared of that fact. Some of you may fail more than others, but no matter what know that success is never a straight line.

 

If you’re scared of failure, you won’t be able to create something that’s similar to what’s been done before. You’ll keep waiting indefinitely until a Eureka moment strikes you with a never before heard of idea. Be open to reinventing the wheel, you never know if your version will actually be the next billion-dollar idea.

 

 

Did you enjoy this blog or have an idea for the next one? Give us a shout at hello@ghostit.co!

 

 

 

Ready for a content marketing strategy that increases your traffic and conversions?

Read Our Latest Blog Posts!

Employee Advocacy: Attracting and Retaining Top Talent

Discover the benefits of employee advocacy, how it can attract and retain top talent, and practical tips for creating a strong employer brand and showcasing your company culture.

How Starbucks Uses Employee Advocacy To Boost Brand Reach

Learn how Starbucks leverages the power of employee advocacy to boost brand reach and cultivate a positive brand image. Discover their strategies and insights in this insightful blog post. Get inspired to develop your own employee advocacy program and unlock the potential of your workforce.

5 Things To Remember When Sharing Third-Party Content

Learn why sharing third-party content on your website is essential for SEO and how to do it effectively with these five tips, including being thorough, personalizing the content, and giving credit where it's due. Boost your brand and reputation by creating shareable content for your business, and book a call with the experts today!

Where Do You Get Social Media Content Ideas For Your Company's Employee Advocacy Program?

Creating a successful employee advocacy program on social media requires a well-defined employee advocacy content strategy and a steady stream of high-quality content. Learn some of the best spots to get content ideas for your social media in this blog.

How to Build a Successful Blog for Your Business

Learn how to create a successful business blog post that informs and converts customers without resorting to annoying sales pitches, including tips such as understanding your audience, creating consistent schedules, and prioritizing quality content.

The Dos and Don'ts of Employee Advocacy on Social Media

Learn how to execute an effective employee advocacy program with these dos and don'ts. From defining your goals and providing pre-approved content to having a social media policy and measurable KPIs, this guide will help you avoid common pitfalls and get the most out of your employee advocacy plan.

Why your executive team should be active on social media

Learn why executive leaders should be active on social media. With 4.76 billion people using social media platforms, engagement, catching the competition, marketing, building credibility and trust, staying current, and demonstrating leadership are all key to success in the C-suite.

Why You Should Be Working with a Content Agency

Businesses that work with content agencies enhance their content marketing efforts, better understand their brand and customers, capitalize on a content strategy that works, and increase the effectiveness of their SEO efforts.

What You Can Learn From Google’s Digital Marketing Strategies

Imitating the digital marketing strategies of major players such as Google can improve the reach and success of your business. Discover Google's top strategies, including providing a free service, leveraging technology, and building brand recognition, to optimize your own digital efforts and become an authority in your market.