How To Know When To Pivot Your Business? | Corporate Lab

Every entrepreneur loves their startup, but sometimes a change is necessary. Losing customers, employees, or suppliers can be a sign that a pivot is needed. Stagnant growth, lack of motivation, and spending too much time putting out fires are also indicators that something needs to change. It is important to be obsessed with key performance indicators (KPIs) to determine negative trends in turnover growth, efficiency, and profitability. Being bored can also signal the need for a pivot. It is important to remain nonconformist and strive for exponential growth.