Business Pivot Strategies: Lessons from Scaling and Near Failure

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Business Pivot Strategies: Lessons from Scaling and Near Failure

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What does it take to build, and rebuild, a business in a constantly changing market? In this episode of From Crisis to Justice, Parag L. Amin sits down with Jessica Rennard, president of New Source and a leader in the resale and secondhand apparel industry, to break down the realities of entrepreneurship, pivoting, and scaling in an evolving business landscape. From her early days working in nonprofit social enterprises to building a thriving resale business that has processed tens of thousands of orders, Jessica shares how she identified opportunity in overlooked markets, and turned it into a scalable business model. This conversation dives into what it really means to adapt as an entrepreneur. From navigating partnerships and losing key contracts to reinventing her business multiple times, Jessica shares the lessons she's learned about resilience, leadership, and staying focused on what actually drives results. In this episode, you'll learn: How Jessica built a business by finding value where others saw none The importance of staying focused on your core competency as you scale When (and how) to pivot your business without losing momentum How to build and maintain trust with your team through change and failure Why diversification is critical to long-term business survival The risks of relying too heavily on one partner or revenue stream How to balance innovation with delivering what your customers actually want Jessica also shares candid insights on navigating male-dominated industries, building resilience through failure, and why sometimes the most important thing you can do as an entrepreneur is return to the fundamentals. If you're a business owner looking to scale, pivot, or simply survive the ups and downs of entrepreneurship, this episode offers practical lessons you can apply immediately. Tune in to learn how to stay adaptable, protect your business, and grow through uncertainty. Connect with Parag: Website: Paraglamin Parag Amin Business Legal Solutions | ParagLAmin.com LinkedIn: Linkedin linkedin.com/in/paragaminesq Instagram: Instagram instagram.com/paragaminesq TikTok: Tiktok Parag L. Amin's Creator Profile Learn more about Parag's business law firm: Website: Lawpla Los Angeles Business Lawyers | Law Offices of Parag L. Amin, PC Facebook: Facebook facebook.com/lawplapc Stay One Step Ahead of Legal Challenges - Join Our Newsletter Today for Expert Insights, Tips, and Updates! https://tinyurl.com/LawPLAsignup

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