Tips How To Pivot For Business Owners

Running a business requires you to be a fast thinker and problem-solver. There are problems you can solve without your presence. However, there are some of them that require you to be there in person. The situation like this can be very challenging especially during pandemic where working from home is the new policy. Brick and mortar business has experience huge impact from the pandemic. Only those who could pivot quickly  were the ones who survived. 

Tips How To Pivot For Business Owners

Pivoting when unexpected things hit your business

Running business won’t always be about sunshine and rainbow. In fact, it is a path where you likely will find various obstacles on daily basis. You can predict and calculate what challenges or problems that may arise when you make a plan or decision. However, it is often that unexpected things happen while running business. The real and fresh example is the global pandemic. No one expected that to hit 2020 yet it still happened. Hence, the ability to pivot is truly essential regardless of the situation. In fact, it comes in handy when your business is hit with the unexpected. Then how to pivot quickly?

Have your mental ready for the change

Business is an uncertain world but one thing is certain; change. It is something inevitable in business regardless of the pandemic. Even if there was no pandemic, your business might have been hit with another form of the unexpected such as health problems, divorce, pregnancy, etc. Hence, it is essential to be mentally prepared for those situations. 

Train your brain to build your future vision

You need to be clear on what you desire in your business and life. Then, practice to connect to that vision using all your senses daily. Your vision will show what it will look and feel when it becomes reality. Then, you can journal it as if it is truly happening now. If you face a stumbling path, try to re-imagine your life in that perspective. Once your brain is trained to this practice, you will be better at adapting to new situation. 

Have your finance ready

Make sure that your business doesn’t rely solely on one income stream. Try to find some ways that can help you bring in more income. Find new sources that can help you build your own financial security. Find a way to earn more income that doesn’t require you to seek out new client. Diversifying your offerings can help a lot when something unexpected hit your business. Instead of being caught off guard, you will be ready to face the situation because your finance is steady. 

Be open minded and let creativity guides you

When you are open-minded, you have more flexibility in you to pivot and adapt even if the situation is scary. Sometimes, the situation is so hard that you need to experience massive hurt while pivoting. However, your open-mindedness and creativity will help guide you to find the best solution for the situation. You will find your success again even if it hurts in the process.