Pivoting is a critical decision for entrepreneurs. It involves changing direction to improve the business's chances of success. Consider pivoting when:
1. Customer Feedback: Persistent negative feedback indicates that your current approach isn't working. 2. Market Conditions: Changes in the market that render your initial idea obsolete or less viable. 3. Financial Performance: If you're consistently missing financial targets, it might be time to pivot. 4. Technological Advancements: New technologies can open up better ways to achieve your goals.