{"id":9124,"date":"2020-09-23T13:19:03","date_gmt":"2020-09-23T11:19:03","guid":{"rendered":"https:\/\/www.dazzlepop.net\/site\/?p=9124"},"modified":"2020-10-12T11:00:38","modified_gmt":"2020-10-12T09:00:38","slug":"a-planned-company-can-save-your-business","status":"publish","type":"post","link":"https:\/\/www.dazzlepop.net\/site\/a-planned-company-can-save-your-business\/","title":{"rendered":"A Planned Company Can Save Your Business"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"150\" src=\"https:\/\/assets.entrepreneur.com\/content\/3x2\/2000\/1600369739-GettyImages-1014178940.jpg?width=700&amp;crop=2:1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"A Planned Company Can Save Your Business\" title=\"A Planned Company Can Save Your Business\" \/><\/div>\n<h3 class=\"wp-block-heading\">A Well-Planned Company Pivot Can Save Your Business<\/h3>\n\n\n\n<p>Take it from <a href=\"https:\/\/www.dazzlepop.net\/site\/category\/business\/\">Twitter<\/a> and Starbucks, among others: A slight tweak to your model can make all the difference.<\/p>\n\n\n\n<p>Sometimes in&nbsp;<a href=\"https:\/\/www.entrepreneur.com\/topic\/business\">business<\/a>, something just isn\u2019t working, despite the best efforts of everyone involved. This is when founders have a choice: Either close up shop, or consider a strategic&nbsp;<a href=\"https:\/\/www.entrepreneur.com\/topic\/pivot\">pivot<\/a>&nbsp;into a new direction. If the founding team isn\u2019t quite ready to call it quits, there are certainly a few telltale signs that a pivot should be considered.<\/p>\n\n\n\n<p>According to Chris Porteous of&nbsp;<a href=\"https:\/\/www.business.com\/articles\/10-signs-to-pivot-business\/\">Business.com<\/a>, some of these reasons could include losing passion, dissatisfaction with growth rates, inability to retain employees, and an unattractive brand. The reason why you decide to pivot will be entirely up to you and your team, but there\u2019s power in the potential of a change in <a href=\"https:\/\/www.dazzlepop.net\/site\/category\/business\/\">strategy<\/a>.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/assets.entrepreneur.com\/content\/3x2\/2000\/1600369739-GettyImages-1014178940.jpg\" alt=\"A Planned Company Can Save Your Business \" \/><\/figure>\n\n\n\n<p>The power may just be in keeping the company afloat. As stated in a 2018 article on&nbsp;<a href=\"https:\/\/www.entrepreneur.com\/article\/308447#:~:text=The%20data%20indicates%20that%208,pivoted%20when%20they%20needed%20to.\">this site<\/a>,&nbsp;\u201cThough pivoting incorrectly can lead to failure, not pivoting at all can be nearly as bad, with 7 percent of failed startup entrepreneurs wishing they would have pivoted when they needed to.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.entrepreneur.com\/topic\/pivots\">Pivots<\/a>&nbsp;will happen in varying sizes and extremities to every business owner,&nbsp;and they can turn out to be the best decision you\u2019ve ever made in your company.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Think of building a business as hypothesizing<\/h2>\n\n\n\n<p>Sometimes, we consider needing to pivot as some type of failure. And while it certainly arises from something that needs fixing within the business, Adam Alpert, the CEO of&nbsp;Pangea.app, which connects companies with remote college talent, offers a different consideration.&nbsp;Pangea.app&nbsp;recently underwent a pivot in strategy that paid off big time,&nbsp;<a href=\"https:\/\/techcrunch.com\/2020\/04\/10\/pangea-app-raises-400k-seed-round-to-help-connect-student-workers-with-businesses\/\">securing<\/a>&nbsp;$400,000&nbsp;in a pre-seed round investment for their new business model.&nbsp;<\/p>\n\n\n\n<p>\u201cIn <a href=\"https:\/\/www.dazzlepop.net\/site\/category\/business\/\">business<\/a>, you start with a hypothesis: a theory about how to solve a problem you know exists,\u201d explains&nbsp;Alpert. \u201cBut most hypotheses are wrong, and in our case, we learned that what we had initially come up with wasn\u2019t the solution the world needed. In running that test, we discovered a solution that actually works and decided to pursue a new direction.&#8221;<\/p>\n\n\n<p>Read more: <a href=\"https:\/\/www.entrepreneur.com\/article\/355864\">entrepreneur<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>A Well-Planned Company Pivot Can Save Your Business Take it from Twitter and Starbucks, among others: A slight tweak to your model can make all the difference. Sometimes in&nbsp;business, something just isn\u2019t working, despite the best efforts of everyone involved. This is when founders have a choice: Either close up shop, or consider a strategic&nbsp;pivot&nbsp;into [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":9126,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_vp_format_video_url":"","_vp_image_focal_point":[],"footnotes":""},"categories":[45],"tags":[31,238,222,11,47,81],"class_list":["post-9124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","tag-entrepreneur","tag-starbucks","tag-startup","tag-strategy","tag-twitter"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dazzlepop | A Planned Company Can Save Your Business<\/title>\n<meta name=\"description\" content=\"A Planned Company Can Save Your Business Take it from Twitter and Starbucks, among others: A slight tweak to your model can make all the 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