Innovation is crucial for small businesses. Innovation makes businesses competitive, and it helps them better seize business opportunities they encounter.

It’s important to encourage innovation in your small business, but how? Here are some ideas for how you can innovate at your company.

Innovation doesn’t have to be complex, but you do have to spend time, energy, and money on the effort.

Include customers and suppliers in your innovation process by sending out surveys.

When possible, look for ways the government might assist innovation in small businesses, such as through loans or tax credits.