When To Quit
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When To Quit
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Description
The first thing we've got to understand is that when we ask, when should I quit? We're also asking, when should I persevere? And they often serve as the same...
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This Episode's Top Tips
- We've got to give up the notion that winners never quit. Persistence doesn't guarantee success - we can persist at the wrong things forever and never make progress.
- There are two curves we've got to look for when starting something new - the dip and the cul-de-sac. A cul-de-sac is a dead end. The dip is the point where things start to get hard - we've got to stop quitting things when they get hard and embrace the dip.
- We'll often stick out things we should quit. There are a lot of reasons that we might stick something out like the sunk cost fallacy or the planning fallacy. Regardless of why we're sticking around, once we realize that we're in a dead-end we've got to accept that we need to quit and try something new.
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