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In this Monday Mindset episode, Nick and Wil use a humorous comparison to musician “Weird Al” Yankovic to illustrate how iteration on existing ideas can also be a successful form of innovation. Nick notes that while some, like those featured on the television show Shark Tank, might achieve great financial success by presenting brand new ideas, many others find success by improving existing businesses. Wil adds that while he used to think he lacked creativity because he didn’t come up with original ideas, he realized he was good at iterating and improving existing things.

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