A point at which the focus in a business changes in a major way, for example, when a startup goes from developing and proving the product to serving the customer’s needs and marketing. If you only enjoy the science development phase, this inflection point may be a time to consider selling the company.
The following are examples of inflection points:
- When you develop partnerships
- Make a key hire
- Obtain major funding
- Commit to the requirements of a paying customer, etc.