Maybe you’ve read articles that say pivoting in business is only for companies that are on the brink of failure. While that may be true, it’s not the only time you might want to steer your business in a new direction.
Why do you think businesses—particularly startups—are always refreshing their business plans?
Times change. Your vision grows. A global pandemic hits. And so on and so forth. If you want your enterprise to stay ahead of the game, you may need to pivot some aspects of your business.
6 Ways You Can Pivot Your Business
A pivot isn’t always a 180-degree turn that completely shakes your business to its core. Sometimes, a pivot is a new idea to tweak something in your business (say, a 10-degree turn) to promote resilience and growth.
1. Using A New Pricing Model
Lowest of the low prices not working out for you? Oppositely,