Small businesses, particularly startups, frequently discover their initial business plan is not taking them where they want to go. That usually leads to several rounds of “tweaking,” but when that fails, they are faced with more existential decisions: persevere, quit or try something new. When there is a significant change in strategy, a business has… Continue reading The Post-COVID Business Pivot
Tag: Pivot
When NOT To Pivot Your Business
The COVID 19 pandemic is (hopefully) a once-in-a-century economic disruption of global dimensions that continues to challenge many small businesses today. One of the pandemic business survival buzzwords that found its way into the press, business seminars, and social media is “pivot.” Pivot is not a new concept, but it is usually associated with startups… Continue reading When NOT To Pivot Your Business
Time To Pivot Your Business During COVID’s New Normal
The pandemic’s effect on the economy leaves business owners adjusting to the “New Normal.” And that may require significant changes to how you run your business as well as a possible business pivot. What is a pivot? A pivot is a significant shift in a business’ strategy. That shift might include a change in your… Continue reading Time To Pivot Your Business During COVID’s New Normal
What is a Pivot? Know When It’s Time to Pivot
Things aren’t going according to plan. That business plan you put together looked great, but now you’re headed for a big decision. Keep going? Close shop? Try something different or new? If you decide to go a new route, that’s a business pivot. So, how do you know when to pivot or how to pivot? … Continue reading What is a Pivot? Know When It’s Time to Pivot