Importance of Innovation in Business with Andrew McConnell

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Importance of Innovation in Business with Andrew McConnell
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This episode’s guest is Andrew McConnell. Andrew is the Founder and CEO of Rented,Inc., the leading provider of full-service revenue management as a service (RMS) for professional vacation rental managers. With an expansive network and unparalleled industry expertise, Rented sustainably supports local communities in creating a global reach on their own terms by strengthening and supporting local rental management companies through access to world-class talent, technology, and resources. 

Andrew holds degrees from Harvard College, Harvard Law School, and Cambridge University, and has worked with some of the world’s largest public and private entities as a management consultant at McKinsey & Co., and as a Director, Solutions Design at Axiom Global, Inc. In addition to speaking and writing about vacation rentals and the sharing economy, Andrew also contributes more general business insights and advice to publications like Inc.com, Forbes, and Huffington Post.

In this episode we discuss:

  • Being business minded as a kid  [3:28]
  • Law school [5:16]
  • Working for a consulting firm and how that gave him confidence to start his own business  [7:04]
  • How he started his first  business [10:08]
  • Transitioning to a new business [15:44]
  • Starting Rented  [16:38]
  • Creating an organization that can innovate [18:53]
  • How does innovation help business?  [20:33]
  • How to know when you’re going in the right direction with your business  [23:40]
  • Books about innovation in business that Andrew recommends [26:22]
  • Andrew explains how to plan a new product and using Amazon memos  [28:21]
  • Best ways to connect with Andrew and learn more about their services [31:28]

Links to sources and tools

  • Go to http://rented.com to learn more about their revenue management services
  • Connect with Andrew McConnell on LinkedIn
  • Listen to more episodes here

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