A pivot simply means changing your idea, especially when you're at the earliest stages of your company. It should feel lightweight and is a normal part of the process, particularly pre-launch or shortly after launch.

Expecting pivots as a regular part of business is crucial; companies must be prepared to make wholesale changes to remain competitive.

A pivot should be a rare occurrence, typically involving a change in customer or problem, while iteration involves changing the solution.

Successful pivots often involve changing operational processes, such as product development and performance metrics, while maintaining a similar organizational structure.

Pivots are essential to entrepreneurship because they help companies adapt and find product-market fit, whether in the early stages or later on.

Pivots are essential for startups, whether it's to find product-market fit early on or to reinvent the company later for sustained success.

Pivots are a common aspect of entrepreneurship; successful entrepreneurs learn from their experiences and adapt their strategies accordingly.

Understanding the various types of pivots, such as those related to product-market fit, competition, and business models, as well as your company's position in the market relative to competitors and anticipated market changes, is crucial for entrepreneurs to navigate their growth effectively and make necessary adjustments.

When considering a pivot, assess whether you can still grow. If you find that your user base isn't retaining or the business model isn't working, it may be time to change direction.