Recognizing the need for a pivot often involves keen observation and analysis. Here are some signs that it might be time to pivot:
Stagnant Growth: If growth has plateaued despite various efforts to scale, it may indicate the need for a change. Customer Feedback: Consistent negative feedback or lack of enthusiasm from customers can signal that a change is needed. Market Shifts: Changes in the market, such as new regulations or emerging trends, may necessitate a pivot. Financial Losses: Persistent financial losses that cannot be rectified through minor adjustments may require a more significant strategy change.