Types of Business Model Diversification
Is your organization prepared for potential turbulent times that come from uncertain market shifts?
To create truly sustainable companies that stand the tests of time, we must diversify our market sectors where it makes sense.
Three ways to diversify may include:
Expanding geographically,
Offering complementary services, and/or
Transitioning existing services to new client bases.
The need for long-term planning and relationship-building takes time and effort. No companies can turn on a dime.
Want to learn more? Check out my prior blog post here and/or contact me if I may ever be a resource to you: https://www.dawnflandry.com/articles/can-you-pivot-transform?rq=pivot
— Dawn F. Landry
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