Since I started working in startups, I have been questioning how they can build sustainable business models. After reading several books and articles, I have compiled some tips that you can try for your business.
Being a sustainable Startup is every Entrepreneur biggest challenge. Every entrepreneur strives to build a successful product that creates value and drives growth for their business. However, simply adding more features won’t necessarily contribute to growth. True growth comes from identifying when it’s time to pivot. In other words, successful pivots put us on the path towards growing a sustainable business.
The concept of pivoting is a crucial element in the lean startup methodology, which encourages entrepreneurs to be agile and flexible in their approach. Pivoting involves making a strategic change in a startup’s direction in response to new information or feedback.
These pivots can help startups to adapt and change their business model in response to customer feedback, market trends, or other factors.
Zoom-in Pivot
A Zoom-in pivot focuses on one specific feature or customer segment of the product. This type of pivot is useful when a startup realizes that one particular feature or customer segment is driving the majority of its growth. By focusing on this area, the startup can…
