How To Best Use Quitting As An Effective Strategy
Вставка
- Опубліковано 13 лип 2024
- “Winners never quit - and quitters never win” is a popular and well known proverb, yet is it really true that “Winners never quit”? What if the opposite is closer to truth - that winners actually quit all the time. In this video I will be exploring ideas presented by Seth Godin in his book The Dip: A Little Book That Teaches You When to Quit, which argues that quitting is not a bad thing as long as you do it in the right way at the right time.
Were you ever suggested to follow your passion? Do you know why it's a bad advice? Check this video to learn more about it: • Why Follow Your Passio...
How about how achieving your dreams can ruin your life? • Why Living Out Your Dr...
#Winning #Passion #SethGodin
If you'll want to check out Seth Godin's "The Dip", you'll find it here: amzn.to/2EDqyWg
It's a short read by the way, just a couple of hours of listening or reading, but I think it's worth it :)
One of the few "successful" posts I've ever had on LinkedIn was on a similar subject. There was an article making the rounds that said something to the effect of "Planning for failure is setting yourself up for it." The article essentially gave the advice not to plan for failure because that's weak. I rebutted against that article because planning for failure, in my experience, is one of the #1 keys to success.
I work in publishing. If I'm scheduled to publish 25 books in a year, then I had better sign 30 books. Because authors quit, delays happen, material isn't up to our publishing standards when it comes in, and other pitfalls occur. If I only sign 25 books and have to publish 25 books, then I'll fail. Planning for failure isn't weak. It's not a form of "quitting before you've even started". Planning for failure is getting ahead of the pitfalls and being ready to win even if you lose.
The idea of knowing when to quit ties closely to that. Again, if I'm supposed to publish 25 books and I've signed 30, then I need to spot which of those 30 fall into the 5 that aren't going to make it and take resources off of them as quickly as possible. That's not always easy, and sometimes my judgement is wrong. But it's important to recognize what's failing and what's working and then quit the failing projects so that the winning projects can have more of my time and energy.
Love your comment. I'm a big believer in the importance of failure. Allowing myself to fail and not shunning away from it, I consider to be a big part of whatever I success I achieved. Similar to your example I think it was in Angela Duckworth's "Grit" where she spoke about her friend who works as a cartoonist for a major paper and I think their "success" rate of their work that gets chosen is around 30% (and even that is consider a great number in their field). The point is made too, that if you'll try to make only 'perfect' pitches - you'll never make it.
This concept is also supported not only in many of my personal experiences, but also in many of the books I'm currently reading. I've just listened to a podcast with the author of " Win at Losing: How Our Greatest Setbacks Can Lead to Our Greatest Gains", a book that is now on my reading list. He makes a point that losing and failing are two different things - namely - that losing is an "event" while failure is a mind state/perspective. In a similar way Seth Godin argues (a point I don't think I made in this video), that quitting and giving up are two different things. Quitting is strategic, a smart and necessary decision, while giving up is stopping because of internal reasons (fear, doubt, pressure, stress, etc.). I think not enough people recognize the difference and both failure and quality quitting should be taught.
Last point, I am also reading a really cool book right now called "Little Bets" by Peter Sims, where he argues really well the importance of failing and using it as a strategic method. I have a feeling your article would fit in the book perfectly :) And, I'll make sure to make some videos exploring these important subjects too
I hope you will not quit making these videos 😉
Haha, thank you! 😁 This year I did try out quite a few things and was set to quit them quite early when I saw that it's not really where I wanted to go, but with this video (and the three before it) I so far have a really good sense of direction and am quite set that I'll stick with it!
This video reminds me of 'sunk cost fallacy'.
Some people are too emotionally invested to a project or a person because of the length of time they spent with/for them.
True. "Sunk cost fallacy" is definitely on my radar too and something I'm planning to mention in a future video about too. At the same time, I personally think that knowing about such theories as 'sunk cost fallacy' and what it applies, plus too hearing arguments such as made in Seth Godin or this video can influence us and help in identifying earlier when we are indeed in a situation of sunk cost fallacy and to decide to let it go earlier than later.
You opened my mind in some ways with your journey. Thank you for expressing yourself so sincerely in your videos.
Thank you 🙏🙏
@@Rokasleo no, thank YOU
Nice video.
Got me curious to read, as it has concepts that James Clear in the book "Atomic Habits" uses to explain how formation of habits work.
I really loved James' Atomic Habits! Can you tell more about what specifically this video/topic reminds you of the book?
@@Rokasleo My memory maybe a bit foggy but I think it's the Plateau of Latent Potential😅😅