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The fast-paced global market is always changing and in order for your business idea to succeed you must plan for shifts, or pivots, that can offer new opportunities for diversification and “spin-offs." In this course you will develop a plan for how to stay ahead of the shifts in the market and anticipate new opportunities for your business.
Ask the owners of any sandwich franchise or garbage business if their dream as a child was to grow up making hoagies and taking out the trash. Business builders find success by being open minded and pursuing new opportunities when they arise as long as it makes sense. Though you may not become a garbage man or sandwich maker, every business increases their odds for success by knowing if and when to make the right changes to their products or services.
The topics we will cover in this course are as follows:
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Introduction: Who We ArePreview
|Section 1: Planning for Pivots and Diversification|
Planning for Pivots and DiversificationPreview
Preparing for Critical Pivots
Making Critical PivotsPreview
Adding New Products or ServicesPreview
Justin Gold: Founder of Justin's. New Products. New Markets.
Bill Child - Diversifying the RC Willey Product Line
Pursuing New Opportunities
|Quiz 1||7 questions|
If you can answer "true" to the following questions you have a good grasp of what it takes to diversify your products or services within your business. If not, don't worry, go back and review the lectures again until you do.
Since 1994, we have been meeting with and interviewing successful business builders. We have toured their facilities, met with their employees, observed their behavior, and recorded their stories. Our fieldwork has uncovered the critical practices successful entrepreneurs use to start and build thriving companies. When these practices are used in a new and growing venture, the probability of success goes up dramatically; when these practices are absent, the probability of failure is high. Our entrepreneurial training programs will teach you how to implement these critical practices in your own business. By mastering these concepts, you will greatly improve your odds for success.
Our team is comprised of individuals with extensive experience as entrepreneurs, business consultants and university professors. We also have an in-house film department that has interviewed and filmed hundreds of entrepreneurs around the world.
At The Main Street Entrepreneur, our mission is to provide the most innovative and engaging resources available to help aspiring entrepreneurs and business builders create successful ventures. We help turn ideas into opportunities, opportunities into business models, and business models into thriving organizations. While doing so we pledge to maintain values of exemplary leadership, continuous improvement, distinguishing service, excellent efficiency, total integrity, and a broader contribution.