Mastering the Art of Pivot: Navigating Change
- Kaitlynn Wander
- Jan 11, 2024
- 3 min read
Hey, Upstart Community! Welcome to our hive of learning and sharing.
In the dynamic world of business and coaching, one topic that's been buzzing around my mind lately is the art of the pivot. We've all heard the saying, "Change is the only constant," but let's be real – mastering it can be a game-changer.
In this blog post, I'm diving into the realms of strategic pivoting and drawing on my own experiences and stories.
Why Pivoting Matters: Change can be daunting, but when done strategically, it's a powerful force for growth. I'll be sharing insights on why mastering the art of the pivot is a non-negotiable skill in today's fast-paced business landscape.
Pivot Strategies That Work: From rebranding to diversification there are proven strategies that have worked wonders for businesses and individuals alike. Spoiler alert: it's not about avoiding change but embracing it with gusto. Sometimes you have to scrap the whole play book and try something new, but there are many times where we can reach in our tool belt, keep what works and learn to adjust with the changing climate. Here are a few strategies for you to consider next time you're facing change:
Market Analysis: Regularly assess market trends and customer needs to identify potential shifts in demand.
Agile Planning: Embrace agile planning methodologies to quickly respond to changes and capitalize on emerging opportunities.
Diversification: Explore new products, services, or markets to reduce reliance on a single revenue stream.
Customer Feedback: Gather and analyze customer feedback to understand their evolving needs and preferences.
Strategic Alliances: Form strategic partnerships or alliances to access new markets, resources, or expertise.
Talent Development: Invest in developing a versatile and adaptive team to navigate changes effectively.
Financial Resilience: Maintain financial flexibility and reserves to navigate periods of uncertainty.
Continuous Learning: Foster a culture of continuous learning to stay informed about industry developments and best practices.
My Pivotal Moments: I remember getting hired onto a real estate wholesaling firm right at the tail end of 2019. I'm building a team, we're excited for growth things are looking up and most importantly $$$ money is rolling in. You all know what happens next; pandemic strikes.
People aren't selling their properties and even if they would, investors aren't buying. The real estate market freezes. The world stops and the almighty dollar disappears.
So the choice we have to make: Panic or pivot.
Pivot.
We adjusted our strategies. Took a look at what wasn't working and analyzed how we could work with this abrupt, unpredictable and unprecedented change. It took a mental shift and an actionable change in how we ran the business. I can tell you, everyone didn't make it out unscathed, but those who were ready to adjust didn't just survive, they thrived.
One more pivot that I made was the decision to step into entrepreneurship and be able to take the changes and pivots in my career into my own hands.
If you want to learn more about how we pulled through/pivoted or how I made the shift to business ownership, join our group to get the conversation started.
Community Stories: We're not in this alone! Share your stories from your own incredible journey in our Upstart Group – we want to hear the triumphs, the challenges, and the collective wisdom that fuels our journeys.
Looking Ahead: What's next? I'll be peering into the crystal ball (figuratively, of course) and exploring emerging trends in the business and coaching world. Because being ahead of the curve is where the magic happens.
Ready to pivot like a pro? Let's dive in together! 💪✨
Kaitlynn Wander
Executive Coach & Founder; Upstartcoach
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