Schedule Pivot or Persevere meeting.
This is one of the most difficult decision for the startup and it’s very emotional for the founders. That’s why it must be done in a very structured way.
Instructions
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Schedule this meeting regularly somewhere between 1 and 6 months.
Probably every month is too often and every 6 months is too infrequent. -
This meeting requires both product developers and business leaders.
You can include advisors as well, to help you make the decision. -
For the meeting, you need the complete report from the product and from the business perspective.
Let your team prepare them. -
If you consider pivoting, find out what type of pivot you want to do.
The list of categories is available in the description of this chapter.