Embracing Change: The Thrilling Journey of Pivoting
Listen now
Description
As a mompreneur, knowing when to pivot in your business is crucial to your success. A pivot can be defined as a strategic shift in your business model, product offerings, or target market to better meet the changing needs of your customers or market. Pivoting can be scary, but it can also be the key to unlocking new opportunities and growth for your business. Here are key tips on how to know when to pivot in business as a mompreneur Your customers’ needs have changed If you’re finding that your customers’ needs have changed, and you’re no longer meeting their demands with your current products or services, it may be time to pivot. This could be due to changes in the industry, a shift in consumer behavior, or a new trend that you need to adapt to. Your business isn’t growing If you’ve been in business for a while, and you’re not seeing any growth in your revenue or customer base, it may be time to pivot. This could mean shifting your product offerings, targeting a new market segment or changing your niche. You’re not passionate about your business anymore. As a mompreneur, your business should be something you’re passionate about. If you find that you’re no longer excited about your business, it may be time to pivot. This could mean shifting your focus to a new niche or product that you’re more passionate about. If your market is innovating.  If you find that the innovations are outpacing you in terms of innovations If you’re finding that your competition is outpacing you in terms of innovation in product offerings, or customer service, it may be time to pivot. This could mean focusing on a new product or service that sets you apart from your competitors. You’ve hit a roadblock If you’ve hit a roadblock in your business, whether it’s financial, operational, or otherwise, it may be time to pivot. This could mean changing your business model, finding a new funding source, or outsourcing certain aspects of your business. In conclusion, knowing when to pivot in your business as a mompreneur is important to stay ahead of the curve and remain competitive in the market. Keep an eye on changes in the industry, customer needs, and your own passion and motivation for your business. When you see an opportunity to pivot, don’t be afraid to take it and embrace the new direction for your business. As a mompreneur, you may find that pivoting due to new opportunities can be both exciting and nerve-wracking. However, it can also be the key to unlocking new areas of growth and profitability in your business. Here are some tips on how to pivot because of new opportunities as a mompreneur: Keep an open mind as a mompreneur, it's important to keep an open mind and stay receptive to new ideas and opportunities. Be on the lookout for emerging trends, new technologies, or customer demands that may present new opportunities for your business. Do your research Before pivoting, it's essential to do your research to ensure that the new opportunity aligns with your business goals and values. Research the new market, potential competitors, and customer demand to determine if this is the right move for your business. Once you've decided to pivot, create a solid plan that outlines your new strategy and goals. Determine the resources you'll need to execute your plan, such as financial investment, personnel, or technology and time. Be flexible Pivoting because of new opportunities requires flexibility and adaptability. As you implement your new strategy, be prepared to make adjustments and modifications as you learn more about your new business or business model. Thanks for listening to this episode. If you want to start creating passive income download my free E-book at www.roxanablair.com If your ready to level up your business and go from just an idea to money making online business, book a call at calendly.com/theroxanablair Don’t forget to rate and review this episode so more mompreneurs can get the help
More Episodes
Online coaching can be a profitable business for mompreneurs multiple reasons. By implementing the following tips, you can maximize your success: Listen and ask questions: Understanding the needs and challenges of your target audience is crucial. By actively listening to their concerns and...
Published 06/13/23
Published 06/13/23
In this episode we go into detail about the actions you can take to go from Doubting Debby to Confident queen. 1. Know what you really want. Ask yourself the question: What do I REALLY want? You not everyone around you, not your family not your kids, btut what do YOU really want? 2. Challenge...
Published 06/07/23