This episode discusses the importance of pivoting in business, sparked by a nostalgic visit to Olive Garden and observations on declining chain restaurants. With small businesses facing high failure rates, the ability to pivot is essential for survival and success.
Key Points:
- Embrace Change: Adapt to evolving market trends, customer needs, and unexpected challenges.
- Stay Relevant: Avoid irrelevance by staying ahead of industry changes.
- Seize Opportunities: Capitalize on new trends and untapped markets for growth.
- Adapt to Customer Needs: Align products/services with shifting customer preferences to build loyalty.
- Effective Strategies: Monitor market trends, stay open-minded, seek feedback, embrace failure, and stay true to core values.
The ability to pivot enables businesses to remain relevant and thrive in an unpredictable environment. The episode encourages listeners to consider if it's time for their business to pivot.
Resources:
The Meeting Place Membership
Rock The Reels
1:1 Coaching
Free Client Welcome Guide
Additional Trainings and Resources
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You can find the complete show notes here:
https://brittnischroeder.com/podcast/when-and-how-to-pivot-in-your-business/