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Vedant SD

Finance Geek | Conte... • 1y

Day 67: The Art of Pivoting: Adapting and Thriving in Bengaluru's Startup Ecosystem Pivoting is a common occurrence in the startup world. It's about adapting your business model or product to align with changing market conditions, customer needs, or unforeseen challenges. Here's how to pivot successfully: * Listen to your customers: Pay close attention to feedback and identify areas for improvement. * Analyze your market: Stay updated on industry trends and competitor moves. * Experiment and iterate: Test new ideas and gather data to inform your pivot. * Communicate effectively: Clearly communicate the pivot to your team, investors, and customers. * Celebrate small wins: Acknowledge and reward progress, even during the pivot phase. Remember, pivoting isn't failure; it's a sign of adaptability and resilience. Embrace the challenge and use it as an opportunity to innovate and grow.

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