What is inflection point?

When your business comes to a dramatic change, it is considered at an inflection point.This is usually a huge turning point in your business.There are many factors that can trigger an inflection point.

Keep in mind that an inflection point can be either in a positive direction or in a negative direction.The change that occurs is sometimes for the better and you will see a huge increase in your business, other times the dramatic change is for the worse and you will start to see a spiraling downward trend.

For many businesses, an inflection point for the positive comes with much planning.They are looking for a way to create a huge dramatic change that will help their business take off.There are many things that can make this happen.

For a planned infection point there are usually many heads involved and the planning is very intense.They analyze the marketing, sales, and every other aspect of the business and how they work together.They will make plans for change in one area and then see how it will affect the others.Then the team will work hard to see that the overall goal is achieved by the changes that were made.

Sometimes an inflection point can come unexpectedly.This may happen when you start to carry a product and then it suddenly becomes very popular, it may also happen when you repaint the store front and your sign which make your business stand out, bringing in people that never noticed your place before.

When an unexpected negative inflection point occurs, it is usually something that is not foreseen.It might be a shift in the economy or just as simple as competition moving in.Either way, when a business starts to take a negative turn, it is time to just into action.Look at what is happening and create a plan for turning it around.Not all businesses will succeed, but those that don't even try to plan will never succeed.

An inflection point may be in sales, in production, or in any other aspect of your business.There are many different ways that an inflection can occur, but making sure that the rest of the business keeps up is crucial.Technology is one area that many businesses will see numerous inflection points over time.These can once again be planned or just happen by default, either one will have a huge affect.

The most important thing to remember when your business hits an inflection point is to keep it under control.If you are headed up, make the changes necessary to accommodate.If you are headed down, make a plan to turn things around.Just standing by and watching is the worst thing that you can do for your business.Always be active if you want your business to be going the right way.

Since inflection point affects all aspects of your business, you should be involving your entire staff.Even the bottom man on the totem pole can give good insight or simply just use the inflection as a push to do better.Talk to them honestly about what is going on and let them know your plans to deal with it, good or bad.Let them give you ideas and get them motivated to make the most of the situation.

Remember always that whether or not your inflection point was planned, you need to have a course of action to take that will help you to make it through.Plans and goals are what build businesses into dreams.