Youre Three Pivots Away
The first vision of a business may seem grand and clear.\xa0 Upon launching the business you\u2019ll find it doesn\u2019t exactly fit with the market so you pivot.\xa0 It takes 3 pivots to get to the growth phase of your startup.\xa0\xa0 The first is the Target Market pivot-- you take this when you find the right market. You then have to change your business model to fit the economics of that new market.\xa0 I call this the business model pivot in which you find the right way to structure your business. Next comes the Team pivot-- finding the right people to grow and run that new business model. The originally envisioned business almost never is the one that takes you all the way to a growth stage.\xa0 You\u2019re three pivots away from it. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let\u2019s go startup something today!