All tagged Knowing when to quit
Every deal has a point at which it doesn’t make sense anymore. The point at which the ‘ask’ is just too much.
In a sales deal, it could be when the price is too low, or when the accompanying demands (product add-ons, service level demands, ongoing performance expectations, etc.) aren’t worth the cost.
Of course, this isn’t only the case with sales deals - it happens in all aspects of our lives.
In my last post, I talked about the thought process we (should) go through when deciding if it’s time to quit what we’re doing.
While there were multiple idea threads that inspired that post, one of them was an article by Mariam Naficy, the Founder and CEO of Minted, an online design marketplace. In that article, Mariam talked about how she raised a small seed round from friends and family and then launched the business, originally intending it to be a lifestyle business. And then:
If we’ve labored over a job or an initiative or a project (of any scale) for a concerted period of time, and it hasn’t delivered what it was supposed to, we’ll find ourselves asking that very question, in one form or another.
Am I done? Is it time? When is enough, enough?
Of course, it’s a difficult question to answer.
