When to Pivot & When to Quit with Elizabeth McCravy
Ep. 288 - There comes a time in business where you’ll need to pivot or quit something.
This could be a service you offer that needs to change, raise in price or evolve. It could be a wing of your business that needs to be shut down or it could be an entire business model as a whole that needs reworked for any reason.
Personally, I’ve found that times that I needed to pivot or quit something to be some of the most challenging and stressful times in my business.
I think that’s because there’s no right or wrong way to do it. It’s really about what’s best for you, your business and what’ll be best long term for both you and your clients.
That’s why I’m so excited to bring back onto the podcast Elizabeth McCravy to share her insight on the decision to close her membership despite having over 170 members join and how that actually helped grow her business and reduced her personal bandwidth overwhelm.
In this convo, we’ll dive deep into:
How to raise rates on a recurring service
How to not piss your current clients off when you change pricing
How to think long term for what’s best for you and your business
How to structure your offers around what’s most important to you
How to offer additional options if you close a service down
And much more!
If you’ve pivoted or quit something in your business, I’d love to hear your experience. Leave a comment at joshhall.co/288 and if you’ve yet to get to this point in your business…bookmark this episode and come back to it.
Your future self will thank you for it :)
In This Episode
00:00 - Introduction
00:05 - Pivot or Quit in Business
04:48 - Pivoting or Quitting
16:21 - Membership Offering Challenges and Changes
21:21 - Managing Business and Personal Life
26:26 - Managing Priorities in Business and Parenthood
33:39 - Discussion on Decision to Close Membership
41:50 - Pivoting and Learning From Business Challenges
50:35 - Pivoting or Quitting in Business
59:04 - The Importance of Pivoting in Business
Connect with Elizabeth and get all the links and resources mentioned in the episode at:
https://joshhall.co/288
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