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Do you know what pivot is and when to pivot?


Asked by Natasha Jacobs on Dec 09, 2021 FAQ



Because of the numerous factors that must be considered before embarking on a pivot, we’ve created an extensive guide that details what pivoting is, when to know when your company should pivot, and how to ensure a successful pivot. Join the Founder Institute for even more expert startup advice!
Thereof,
If you notice slow (or no) progress in your company’s development, then it’s possible it’s hit a plateau. This may be the result of boredom or an unmotivated team, or simply an inefficient strategy, but whatever the cause, a pivot should be considered.
In addition, You will know how they work under the hood. You will also learn how to analyse your business data. If you have never created a pivot table, or you can create them but it feels like magic to you, this is the right article for you. Even if you are an everyday user of the pivot tables, you can gain a deeper knowledge of their inner workings.
Also Know,
Some of my favorite definitions of "pivoting": When a company makes what appears to be a swift and abrupt change to its Business Strategy and Business Models -- in response to or anticipation of market conditions.
Subsequently,
This may be the result of boredom or an unmotivated team, or simply an inefficient strategy, but whatever the cause, a pivot should be considered. It doesn’t need to be a major pivot, but take an honest, objective look at your company and identify something that can be revamped.