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    Friday
    Dec162011

    Strategic Quitting: Why You're Not a Loser

    I've read lots of material on the concept of strategic quitting before and despite that fact that there is loads of good reading and dialogue out there, the concept itself remains a mystery to so many.  Seth Godin in his book "The Dip" wrote the best piece on the subject that I've ever read (pick up a copy of it HERE).

    It's unfortunate really, that people view quitting as a technique that is 100% negative.  I'm willing to say that there were a few people on THIS, THIS or THIS project that if they were to quit strategically (in that they looked at what was ahead, surmised that it was worse than the current situation and not going to improve, so got out) that some mistakes could have been avoided.

    I've heard it said before "First out, best out" and although many subscribe to it under the right circumstance, I believe strategic quitting is more than just taking the off-ramp at the first sign of trouble.  Whether it was an investment that had signs of distress that were ignored or a project that never could get everything lined up...by strategically quitting, you are doing more than just "getting out," but rather you are looking at every decision with a P&L mindset...Will I be better or worse off in 6months/1year/5years by staying or is a current exit the peak realization of value that I will be able to receive.

    Very rarely do people lose their jobs, lose their relationships, lose their money by strategically quitting...and things working out

    BUT

    If you bet everything and the dog won't hunt...that's a problem.

    Strategic quitting is not for losers...it's for winners...that don't like losing.

     

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      - Blog of Matthew MacDonald - Strategic Quitting: Why You're Not a Loser
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      - Blog of Matthew MacDonald - Strategic Quitting: Why You're Not a Loser
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