afraid

Business 101: Don’t Be Afraid to Pull the Plug

Today’s tip kind of piggy backs off the previous one.  If we know when we expected results than it gives us a clearer view on when it’s time to move on from lack of progress.  We shouldn’t continue investing labor, time, and monetary resources into a plan that isn’t working.  Even if the folks we are working with are good people and trying hard results are results!  A manager at work once told me that you can’t confuse progress with success.  Just because you are slowly improving with your initiative doesn’t mean it’s acceptable to continue to underperform.  The sooner that we can cut our losses and scrape a non-value-added course action, we are able to regroup and reload the next strategy.  Hopefully, we can take what we learned and be better for it.