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Adapt, Pivot & Diversify - Where to Start?

Jan 21, 2021

Looking to pivot and diversify your product suite? Tune in for a walkthrough! 

 

Episode Introduction:

In today’s episode, I’ll be talking about pivoting in 2021 and diversifying your product suite so you can be more efficient in generating revenue from multiple streams while being strategic about your business. 

 

Episode Summary: 

Whether you’re looking to extend your product suite, adapt to little changes, or make a major pivot, in today’s episode I’ll be walking you through the process and a step-by-step breakdown for preparing to make a business shift.

 

Main Takeaways: 

  • In 2020, 33.7 million small businesses were recorded in the United States alone.
  • When you start a new business, it’s important to be strategic about it.
  • When starting a business, making a pivot, or diversifying it -- think about what your goals are. 
  • Whenever you have a new idea, whether or not you plan to implement it, note it down for future reference.
  • Vision Casting is an important part of the process where you visualize where you see yourself. 
  • Once you’ve noted down your goals, you want to start categorizing them.
  • Then you want to go ahead and assess the current status of your business and evaluate it. 
  • Listen to find out what your current clients need.
  • Focus on cultivating your strengths. 
  • Use your evaluation to understand how you can serve your clients better right now.
  • Start on a small scale to figure out what impact your idea would have on your business.
  • Understand whether or not your idea is feasible in the long run or if it’s something that will work out only in the near future.
  • Think about a growth and maintenance plan for your business.
  • Determine how you’ll market your business as the seasons change.

 

Get the Post Pandemic Business Planner: https://www.gbplaw.com/goods

Watch the videocast here: https://youtu.be/BamCGnwcI-o

 

Connect With Girija:

Website: https://www.gbplaw.com/

Instagram: https://www.instagram.com/gbplaw/

Facebook: https://www.facebook.com/GBPLaw/

 

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