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Quit Already: 7 Ways To Know When It's Time To Cut Your Losses
When there is no future
Entrepreneurs are especially guilty of this one. You work and you work and fail to take the time and validate your idea first and see if it truly has a potential. Or maybe you are climbing the corporate ladder, but you’ve reached an impasse.
It helps to take a step back to view the big picture. Talk to someone outside of your usual social circle who can give you an honest opinion about how realistic you are being about the future.
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Key Ideas
Before You Call It Quits
- Make sure you've identified the real causes of your unhappiness. Keep a diary of events and problems.
- Give it a chance. Many things, like diets, require time to work out.
- Try m...
Quit When...
- You're consistently experiencing more frustration than reward.
- You can't envision a possible solution or continuing this way.
- Spending time on this keeps you from more rewarding endeavors or seriously damages your well-being.
- You're staying for the wrong reasons.
- Your friends keep telling you to quit.
- Don't think of quitting as either good or bad in itself or a reflection of your self-worth.
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Key Ideas
"When you quit with intention, you free up more time, money and energy for the things that really matter to your l..."
Thomas Oppong
Quitting is underrated
Successful people quit (or proactively adjust) a lot more often than people who aren’t successful. They stay flexible and open to new ideas or opportunities or ways of getting things done.
But never quit something with great long-term potential just because you can’t deal with the stress at the moment
“Instead of continually trying to force yourself to do things you don’t want to do, let them go. Without the emotional weight and mental clutter of keeping things on your agenda that don’t absolutely need to be there, you’re much freer to rapidly move forward on what you really do want and need to get done.”
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Key Ideas
The Commitment Muscle
Sticking through things longer builds resilience. But sticking through on a bad idea, project or effort can lose you years of your life.
The goal is to increase your ability to susta...
Quitting Points
They are pre-specified periods of time, effort or stress that you decide you’re willing to endure before you step back and re-evaluate.
Pick Your Quitting Point
- Set shorter lengths of projects: set projects that are short enough that committing to them all the way is easy enough to do or break into chunks th bigger ones.
- Set re-evaluation points for ongoing habits and goals.
- Based on impact to other areas of your life. You can choose metrics like: time and how those things impact your life.