Ep 219: How to know it's time to PIVOT your business.
Dec 28, 2023Did you know that almost 92% of all businesses have pivoted in some way? So don't feel like you're alone if you feel the need to pivot. Today I share with you some tips for determining if it's time to make some changes and pivot your business in some way too!
Today I talk you through these questions to ask yourself before pivoting your business?
1. Is the market changing?
2. Is the competitive landscape changing?
3. Are my products/services not selling - or not selling like they used to?
4. Have you lost your passion and/or purpose for this business?
5. Is there a more exciting/greater opportunity before me?
Then I go into the 3 steps for actually pivoting your business if you're ready to do so!
I hope you realize too that pivoting your business is a GREAT THING! It means you are taking action, doing what you can to make this work - and had an ah-ha moment that for whatever reason you need to shift. This can be MORE MONEY SOON!