A daily email about monetizing and visualizing your corporate expertise. Give me ~1 minute a day, and I'll help you turn what you know into your most differentiated and lucrative asset.
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A few days ago, I shared some new research about the âpivot penaltyâ, proving the decreased probability of success when straying from your expertise. User research coach Stephanie Wu wrote in about a recent pivot of her own, asking: It sounds like youâre generally not in favor of pivots. Have you ever seen cases where theyâve been successful? I probably should have been more clear â Iâm not against pivots. In fact, if youâre getting crickets from your chosen ICP, some sort of pivot is likely in order. That might mean pivoting:
What I caution folks about are harsh pivots away from their genius zone. I still believe that genius zone is where youâll find your most sustainable and differentiated market position. For example, my own solo journey has had several major pivots â not all of which were great moves: Starting point: Course ghostwriting for tech execs Pivot 1: IP development + service design for solo consultants Pivot 2: Coaching retainers for solo consultants Pivot 3: Short-form NicheFinder / IP Builder sprints for solo consultants Of all these turns, the broader coaching retainers (Pivot 2) found the least traction, which in retrospect shouldnât surprise me⌠âŚitâs the one that took me furthest out of my genius zone of done-with-you IP development. Yes, there are a lot of other factors that couldâve been at play. Marketing, pricing, offer structure, seasonality. But likely, those just exacerbated the mismatch in straying from my core. Pivot 3 into short-form hands-on sprints pulled me squarely back into my zone earlier this year and seems to have clicked. But⌠I only got there by triangulation using the pivots before it. So no, Iâm no anti-pivot. I just think the best ones keep one foot planted in what youâre truly great at. Sounds, so obvious, right? But also so easy to forget. đĄ -Wes P.S. Lightbulb #207 from the archive captured my mindset heading into Pivot 2. I still agree with the sentiment, I was just off with the direction. |
A daily email about monetizing and visualizing your corporate expertise. Give me ~1 minute a day, and I'll help you turn what you know into your most differentiated and lucrative asset.