In this episode, Brian Montes discusses the importance of knowing when to pivot your business. He emphasizes that pivoting is not a sign of failure but rather a strategic decision to shift courses and capitalize on new opportunities.
Brian provides examples of successful business pivots, such as Netflix, Instagram, and Slack. He also shares his personal experience with pivoting his own company. Brian highlights the factors to consider when deciding to pivot and the importance of conducting market research. He explains the challenges of implementing a pivot and the need for effective communication. Brian concludes by emphasizing the need for adaptability and continuous innovation in business.
Takeaways
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