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The Signs That It's Time to Pivot Your Business Strategy | Talking with Tarashuk
Manage episode 365507375 series 3301710
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In this clip from the Talking with Tarashuk Podcast, I talk to Founder and CEO of Day One Andrew Hutton about when to pivot your business strategy as a founder.
We discuss the factors that indicate that it may be time to pivot, such as a lack of traction, too much competition, and a change in the market. We also talk about how to go about pivoting, including how to communicate the change to your team and customers.
Here are some of the key takeaways from the clip:
1. It's important to be honest with yourself about whether or not your business is working. If you're not seeing the results you want after a reasonable amount of time, it may be time to pivot.
2. There are a number of factors that can indicate that it's time to pivot, such as a lack of traction, too much competition, and a change in the market.
3. When you pivot, it's important to have a clear plan and to communicate the change to your team and customers.
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