Blog May 2 2017 - Knowing When To Let Go of a Bad Idea
When you decide to go into business, the question all entrepreneurs face, is to when to keep going and when to know to change things up. The answer to this is dependent on many circumstances. In order to be successful in business, you need to keep going when things are not going so well. Conversely, success requires you to change things up when the status quo is not working. If you are someone who is not happy with the current results, here are point to decide when to keep going and when to change things up:
1) Is it too soon to quit? - Have you work for a period of time that you feel is enough time to succeed? If you do not think so, then keep working on it. That does not mean not to try and constantly improvement as you go, but it just means do not give up on your plan prior to it having time to succeed.
2) You know that it works! - Do not quit when you see that things are working. Here is one way to know: i) You see that the plan you are working on is succeeding and you know that through experience, if you keep going, things will succeed.
With all these points above keeping you focused to keep going, everything else should be a cue to change your course of action. You have to treat it as you are merely blazing a new trail. And, that the traile is a clear sight for your new plan succeeding. Good luck with an your business endeavours and be sure to be true to yourself and your abilities.