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109: How to Survive a Pivot in Your Business

The Creative Hustler Podcast

Release Date: 04/20/2018

133: New Beginnings for The Creative Hustler team! show art 133: New Beginnings for The Creative Hustler team!

The Creative Hustler Podcast

What's Up Creative Hustlers! Steven & Melissa attend SoCal Marketing Club event with Alan and record their final episode! Don't miss it!

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The Creative Hustler Podcast

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127: How to Stay Relevant No Matter Your Age with Chip Conley show art 127: How to Stay Relevant No Matter Your Age with Chip Conley

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125: Disconnect to Connect at The Fireside Conference, An Invite Only Event with Daniel Levine & Steven Pulver show art 125: Disconnect to Connect at The Fireside Conference, An Invite Only Event with Daniel Levine & Steven Pulver

The Creative Hustler Podcast

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124: LIVE Event: Optimize Your Website For Mobile Like A Boss!  show art 124: LIVE Event: Optimize Your Website For Mobile Like A Boss!

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The Creative Hustler Live episode featuring SoCal Marketing Club. [00:00] This episode is brought to you by your Interim CMOs - . [00:16] What’s up Creative Hustlers! [00:47] Live from HOLONIS Studios, it’s the SoCal Marketing Club July Event! [00:55] Great interviews coming up, plus John Bertino! [01:23] We’re back with Marcela De Vivo from SEMRush. [01:30] Marcela’s last name means “Of Life” [02:00] What Marcela is excited about for mobile and tonight’s panel. [02:55] How you search for things on your phone is different then your computer. [03:19] Alan’s perspective on mobile...

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What’s Up, Creative Hustlers! Steven & Melissa here for another BONUS 3oz or Less episode. You know what Melissa, I think from here we’re just going to start calling these “bonus” episodes than 3oz or less. So much easier to say and remember. Plus it’s straight to the point.

Information also provided by Steve Blank’s blog, “Do Pivots Matter?’

  • [1:46] What is a pivot?
    • Steven Blank from steveblank.com describes it as “A pivot is a substantive change to one or more of the 9 business model canvas components.”
  • [2:20] A reactive pivot versus a proactive pivot
    • [2:36] Reactive pivot = making abrupt business changes based off of unforeseen challenges  
      • [3:20] Losing a huge client w/o having a proper business development strategy
      • [3:44] When you’re not being proactive with business development
      • [4:29] Having a key team member abruptly put their two weeks in or stop showing up for work (especially true in the freelancer world)
    • [5:21] Proactive pivot = Planning and putting a strategy behind making a business change
      • [6:18] Validating an idea for a set period and having a contingency plan as a backup
      • [6:58] Creating a 60/90 day action plan to complete a project or task
      • [7:19] Listening and fitting your product / service offering to fit your audience’s needs / wants
  • [8:02] Pivoting within the 9 business model canvas components
    • Key Partners
    • Key Activities
    • Key Resources
    • Value Propositions
    • Customer Relationships
    • Channels
    • Customer Segments
    • Cost Structure
    • Revenue Streams

Thank you to Steve Blank for the great insight!

Follow Steve Blank:

Twitter: https://twitter.com/sgblank
Website: https://steveblank.com/2014/01/14/whats-a-pivot/
Inc: https://www.inc.com/steve-blank/9-most-important-elements-successful-startups.html