Tips For Successfully Pivoting Your Business

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Business Pivot Nachrichten

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.

 

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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.
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