Here are 3 reasons why founders fail to pivot on time:
1. ''Vanity metrics'' lead to false conclusions.
Your followers' count doesn't matter as much as your paying subscribers.
2. The absence of a clear hypothesis to test.
Which hypothesis are you testing to ensure you've found your product-market fit?
Without a clear hypothesis, there is no failure.
Without failure, there is no incentive to embark on the radical change a pivot requires.
3. Being afraid of failure.
Acknowledging failure can lead to low morale. It's terrifying to think the vision was off.
👉Pivoting vs persevering can be a real dilemma.
This is why it's essential to trust the data - the actionable metrics.
Acknowledge that:
- You won't fail if your start-up does.
- You are NOT your start-up.
Dissociate yourself from the process.
If you're planning to pivot, this programme might be of interest.
If you're planning to pivot, this programme might be of interest.
Write your awesome label here.
Never miss our news!
Thank you!
Get updates on live streams, news and more right in your mailbox.