A poker player has to decide when to quit (fold) so that he can save his stack for the next game. When the odds are really low, and the cash is bleeding, he makes the decision to fail.
Similarly, in business, we have to know when we are wasting our energies and quit something that is draining our resources, pivot our business if required, or start from scratch on a new one.
259
763 reads
The idea is part of this collection:
Learn more about personaldevelopment with this collection
How to adapt to different speaking situations
How to engage with an audience
How to use body language effectively
Related collections
Similar ideas to Fail Fast
A poker player has to live by his decisions, even when he is losing.
In our professional life, we are also on our own with our decisions. No one will be there to sympathize with you, and the pain is yours alone.
We usually believe that effort will be draining and that it's better to save our energy for when we really need it. Yet, more often than not, the opposite is the case: when we really use our full effort for something that truly matters to us, we feel more energized, not less.
...Even when we’re feeling most prepared there is a chance we fail in accomplishing our goal.
An athlete could lead the entire race only to fall just in front of the finish line and lose. This doesn’t mean the athlete should stop competing; on the contrary, he would work even harder for the n...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates