Innovation is the unconstrained combination of risk, thought leadership and timing :: Derek Lawson

What is Innovation?

Derek Lawson, the Founder - Owner of Navigate Financial in Suwanee, GA. Since becoming a Financial Advisor in 2007, Derek has helped his clients, their families, and friends achieve financial confidence by developing strategies focused on their specific financial goals and needs. In this episode, Derek shares his three-part definition of innovation. This episode also dives into the innovation in the world of financial advisory services.

More about our guest:

Derek and his team seek to always maintain a high level of confidence with their clients as a basis of building trust and reinforcing value. Derek believes that planning is much more than the accumulation of assets for a particular goal but more so a process of helping his clients avoid avenues of failure on the road to goal achievement. Derek is passionate about continuous learning to further advance his planning and investment. Derek earned his MBA from Georgia State in 2012. He is a CERTIFIED FINANCIAL PLANNER™ holding the CFP® designation and also a Retirement Income Certified Professional holding the RICP® designation. Derek is the proud father of two sons, Lamarrius and Derek II, and two granddaughters, London and Ryleigh.

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Episode Guide:

0:00 - Intro

1:44 - What is innovation?

2:19 - Defining: Unconstrained

3:18 - Defining: Risk

4:50 - Defining: Timing

7:55 - risk in everything

8:43 - Innovation as a Financial Adviser

13:08 - What isn't innovation?

14:52 - Microsoft and Apple: Combination and it's importance

20:47 - Metrics, companies, C-level, and innovation

21:20 - Understanding business models

23:43 - Consumers and Branding

24:57 - The big players: Walmart, Amazon, UPS

29:56 - Advice for innovators

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OUTLAST Consulting offers professional development and strategic advisory services in the areas of innovation and diversity management.