Business owners have to be adaptable. As much as we like to plan and strategize to reach our goals, sometimes things occur outside of our control, making it necessary to change course. It’s as much a part of business as it is life. So, when it’s time to change direction, how do you develop a pivot strategy? What considerations do business owners have to make to implement a successful pivot? So, let’s take a look at pivot strategies and think through what a successful pivot in business looks like. Follow Along With The Financially Simple Podcast! This week on The Financially Simple Podcast: Why you might need to pivot (1:51) Pivoting doesn’t indicate failure (3:53) Take the long view (8:28) Don’t neglect short-term sustainability (11:41) Listen to outside perspectives (14:31) Communication is vital (17:06) Wrap-up (20:00) What Does a Pivot Strategy Say About Your Business Acumen? Although a business […]
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