Tips For Successfully Pivoting Your Business

  • 📰 ForbesWomen
  • ⏱ Reading Time:
  • 45 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 42%
  • Publisher: 51%

Business Pivot News

Modernizing A Business,Pivoting Strategies,Gen Z

I am a documentary filmmaker and the Founder of Studio 15, a socially responsible fashion brand. After leaving behind a 15-year career in the corporate fashion world, I started a company that focuses on doing good and supporting women.

In the business world, adaptability is the key to longevity. There come a time in the entrepreneurial journey when making a pivot is critical to keep a business afloat or to keep it relevant – whether it be to modernize a business to meet the current business landscape, or to address other external factors impacting sales, as we witnessed firsthand during the pandemic.

For many established and traditional businesses, millennials are leading the charge regarding transformative change. An estimated 36% of Millennials are considered to have a very high entrepreneurial spirit, compared to 29% of Gen Z, 33% of Gen X, and 25% of Baby Boomers, according to,. This spirit can help drive change in new and established organizations, breathing new life into traditional models to ensure their business’s legacy and relevance for years.

She also emphasizes the importance of seeking an outside perspective, whether that be through a consultant, focus group, or other means. “They can help identify areas for improvement and guide you through the modernization process.” "Embrace digital transformation by adopting new technologies such as AI tools that can streamline operations, enhance customer experience, and improve efficiency,” adds Zhu.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 477. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How Women Can Build Business Credit Scores Pivoting As EntrepreneursI’m the author of the children’s book series The Happy Habits Club, which helps kids find their happy. Additionally, I’m a working model, international speaker, author and founder of Ready2Roar. For the past 6 years, I’ve studied how individuals pivot in their careers.
Source: ForbesWomen - 🏆 477. / 51 Read more »