When Should a Business Consider Changing Its Focus?

In today's fast-paced world, technological advancements are constantly reshaping industries and markets. Take data storage, for instance. Over the years, we've witnessed a remarkable evolution from papers and tapes to CDs, flash drives, and now the cloud. Businesses once thriving in manufacturing tapes, CDs, or flash drives faced significant challenges with the emergence of cloud storage solutions.

So, how can business owners navigate such transitions effectively? When is the right time to consider changing your business model or focus in response to technological changes or market shifts?