{"id":4196,"date":"2025-03-04T06:08:15","date_gmt":"2025-03-04T06:08:15","guid":{"rendered":"https:\/\/jhco.co.za\/?p=4196"},"modified":"2025-03-04T06:08:18","modified_gmt":"2025-03-04T06:08:18","slug":"6-signs-it-might-be-time-to-pivot","status":"publish","type":"post","link":"https:\/\/jhco.co.za\/upgrade\/6-signs-it-might-be-time-to-pivot\/","title":{"rendered":"6 Signs it Might be Time to Pivot"},"content":{"rendered":"\t\t
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The biggest benefit of small businesses is their adaptability. It\u2019s much easier for a small business to pivot and change course when things are going wrong.<\/strong><\/p>

But how do you know it\u2019s time to change direction rather than hold the line or even throw in the towel all together? These six signs, taken together or on their own, might mean it\u2019s time to go a different way.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\t\"The measure of intelligence is the ability to change.\u201d \t\t\t<\/p>\n\t\t\t\t\t\t\t

\n\t\t\t\t\t\t\t\t\t\t\t(Albert Einstein) <\/cite>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Change can be uncomfortable and often we humans love to avoid it. In business, however, being brave enough to embrace change could be the difference between going under and thriving. All business owners should be constantly on the lookout for opportunities to improve their products, services or offerings.<\/p>

A good pivot into a new area, technology or even target customer base could be just the ticket your business needs to position itself for a very bright future. But how do you know when it\u2019s time to change tack? Look out for these six signs\u2026<\/p>

1. These are not the results you were looking for<\/b><\/p>

Achieving results takes time. But if you\u2019ve held the line consistently for a year and the business isn\u2019t expanding \u2013 or worse, is in decline \u2013 it\u2019s probably time for a change. Don\u2019t let emotions take over \u2013 now is the time to be honest with yourself and take a long, hard look at your marketing plans, and your product. Most good pivots don\u2019t come from hard shifts but from subtle changes to products and offerings. If the customers aren\u2019t biting, now is the time to ask them why.<\/p>

2. The market has changed<\/b><\/p>

We live in an era of technological advancement and massive change. If you\u2019re still doing things the way you did them five years ago (or perhaps even a year ago, depending on the industry) it might be time to start looking at changing. As a business owner, you need to constantly make adjustments to your service or product to suit changing market conditions. If a new technology or way of doing business has popped up, you need to understand how it impacts your business and develop a plan to match the new conditions. If you can\u2019t, then it may be time to think about moving into an entirely new industry or shutting down entirely.<\/p>

3. People can\u2019t see your vision<\/b><\/p>

In business, we often speak about the elevator pitch \u2013 the quick two-minute description of what your business does and how it does it differently. If your elevator pitch is generally met with blank stares, and you never get enthusiastic responses, then you either need a new elevator pitch or a new business model.<\/p>

4. You\u2019re constantly exhausted<\/b><\/p>

Working hard to get a new business going is par for the course, but if you\u2019re putting in the hard hours and it\u2019s not catching on, then something is going wrong. The pivot you need may be something as simple as better marketing, or a slight adjustment to your product \u2013 but it\u2019s important to act sooner rather than later.<\/p>

5. You\u2019ve got cash flow issues<\/b><\/p>

Temporary cash flow issues are one thing, but if you\u2019re permanently battling, then something has gone wrong. Perhaps your pricing structure is wrong, or perhaps you are in the wrong game altogether. Persistent cash flow issues are a sign that you need to rethink your business model.<\/p>

6. New opportunities arise<\/b><\/p>

Even if you\u2019re doing fine, there may come a time when a better opportunity crops up. Is there a new product in a related field that makes more sense? Can you add something new to your service offering that would make more impact? Don\u2019t miss out on new opportunities because you\u2019re still fixating on the old ones.<\/p>

Next steps<\/i><\/b><\/p>

If you feel like any of this applies to you, your first port of call needs to be to your accountant. We can help you with pricing models, trimming costs and rebalancing your budgets. Or we could even help you to free up the funds you need to take your business in a whole new direction. Our door is always open.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

The biggest benefit of small businesses is their adaptability. It\u2019s much easier for a small business to pivot and change course when things are going wrong. But how do you know it\u2019s time to change direction rather than hold the line or even throw in the towel all together? These six signs, taken together or […]<\/p>\n","protected":false},"author":1,"featured_media":4224,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-4196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/jhco.co.za\/upgrade\/wp-json\/wp\/v2\/posts\/4196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jhco.co.za\/upgrade\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jhco.co.za\/upgrade\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jhco.co.za\/upgrade\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jhco.co.za\/upgrade\/wp-json\/wp\/v2\/comments?post=4196"}],"version-history":[{"count":4,"href":"https:\/\/jhco.co.za\/upgrade\/wp-json\/wp\/v2\/posts\/4196\/revisions"}],"predecessor-version":[{"id":4200,"href":"https:\/\/jhco.co.za\/upgrade\/wp-json\/wp\/v2\/posts\/4196\/revisions\/4200"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jhco.co.za\/upgrade\/wp-json\/wp\/v2\/media\/4224"}],"wp:attachment":[{"href":"https:\/\/jhco.co.za\/upgrade\/wp-json\/wp\/v2\/media?parent=4196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jhco.co.za\/upgrade\/wp-json\/wp\/v2\/categories?post=4196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jhco.co.za\/upgrade\/wp-json\/wp\/v2\/tags?post=4196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}