The Prosperous Nonprofit How to Successfully Pivot Your Business
If you’re a small business owner who is considering pivoting in your business, today’s episode is full of helpful information and tips on how to pivot successfully.Most of us will reach a point in our business where we will wonder if we need to make a change. Maybe it’s revenue, maybe it’s a shift in passion, or maybe it’s the temptation of the next big thing everyone else is doing. Stephanie Skryzowski shares her tips for how to pivot with a plan, and breaks down things to consider as well as what to look at from a numbers perspective.
We're all going to pivot, we're all going to shift. And I think that's important to keep us fulfilled as professionals, as creative human beings in general. That is what is going to help us continue to thrive and continue to be lit up by our business. - Stephanie Skryzowski
Key takeaways from this episode:- Consider if you’re thinking about pivoting for a verifiable reason or due to burn out
- Make sure to pivot with a plan
- Pay attention to your instinct but most importantly, run your numbers.
- Run both best case scenario numbers and realistic numbers
- Assess where you are right now
- Determine what you are pivoting away from as well as what you are pivoting towards
Links mentioned in this episode:
- Connect with Stephanie on Instagram
- The Profit Playbook
- The Finance Pro Quiz
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- Download the full episode transcript here