With the rise of AI and changing work environments, many businesses have to pivot. But what does that look like and how can you do it so that your business grows.

Summary

In this episode, the team discusses the topic of pivoting in business. They share personal examples of pivots they have made in their careers and discuss the importance of adapting to change. They also mention some examples of businesses that have successfully pivoted. The conversation explores examples of businesses that have successfully pivoted and discusses strategies for businesses to think about pivoting better. Examples include Magical Learning, a business that pivoted during COVID by offering online learning, and Le Bistro, a restaurant that started offering cook-at-home meals. Other examples include Nintendo, which pivoted from playing cards to toys and then to gaming consoles, and Yamaha, a company that has successfully pivoted across various industries. The key takeaways include revisiting the purpose of the organization, being comfortable with risk and failure, experimenting with new ideas, and embracing change.

Chapters

00:00 Introduction and Personal Updates

04:26 The Season of Autumn and Pivoting in Business

05:25 Personal Examples of Successful Pivots

09:15 The Importance of Pivoting in Business and Career

11:49 Lessons from Businesses that Have Successfully Pivoted

18:43 Examples of Successful Business Pivots

24:03 Nintendo: Pivoting from Playing Cards to Gaming Consoles

27:03 Yamaha: Pivoting Across Industries

31:43 Strategies for Better Pivoting

Mentioned was Les Bistronomes, the bistro in Canberra. Here is it's website: https://www.lesbistronomes.net/

Long Track from Jugiong was also mentioned: https://www.longtrackpantry.com.au/

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