Know when to pivot

What is “Pivoting”? Pivoting is shifting to a new strategy in your business A new strategy could be changing your pricing A new strategy could be focusing on a different profit center A new strategy could be adding a new profit center A new strategy could be removing a profit center A new strategy could be focusing on a different set of customers A new strategy could be changing your marketing and advertising How to know when you should pivot in your business. Industry Trends Your Company is Always Playing Catch-Up There’s Too Much Competition Your Company Has Hit a Plateau There’s Limited Response from Your Marketplace One Thing Gets the Most Traction How to Pivot your business effectively Do it as soon as you can Listen to your customers Don’t scrap thing that are already working for you Create new systems and procedures or revamp some of the old ones Make sure your pivot presents opportunities for growth I am inviting you to check out my resources page. It is completely FREE and has a ton information and some downloads. You can find it at resources.xpansioncode.com. I will be releasing new episodes every Monday, Wednesday and Friday! If you like this podcast, then check out my newsletter called Xpansion Press. Business content delivered to your inbox. Just click here to sign up.