The 'Intuit' Reinvention Chart Provides Tips for Companies

By: Sarah Nazim - Published: • References: facebook and blog.intuit
The 'Intuit' reinvention infographic looks at the importance for small businesses and entrepreneurs to stay innovative in order to keep up with competition.

According to this study, 53 percent of companies are having to embrace change in order to stay in business, and 33 percent of those owners are expecting a 10 percent growth within the next year due to the reinvention that took place. A majority of businesses are innovating on its products and services, followed by the adjustment of infrastructure in staff or technology.

The Intuit reinvention infographic provides five tips to keep in mind, and they include knowing when it’s time to change, keeping help close when needed, identify changes necessary, letting go of old models and lastly to create and execute a plan.