In the world of startups, 'pivot' is just a fancy word for 'our original idea didn't work.'
Mehul Fanawala
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Igor Den@igor_den
Yes, and that's great!
In my understanding, a startup is NOT a business.
A business is a structure with a "stable, profit-generating operating model".
A startup is a temporary structure that is needed to find a “stable, profit-generating operating model.”
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Correct but there's nothing wrong to admit and acknowledge that original ideas can go wrong sometimes.
Well sometimes that's not true...sometimes an idea partially worked and needs just a tiny tweak or two!