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
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
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
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.
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:
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.
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
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 they need.
