When Winners Lose

There are times you can win simply by quitting. Or, losing gracefully.  You recognize them. Times when there’s been a financial drain. Resources are unavailable. No one is willing to work with you. It’s time to move on. If you’re unwilling to hire a biz advisor and incorporate their ideas, it’s doubly time to quit.

Feeling Bad. Regret rarely makes a difference to your team, investors, boss or customers. While many people will need to process it emotionally, moving forward is important so it doesn’t overwhelm you, your team or the company. If you’re not committed to the goal, consciously and unconsciously, your internal dialogue will stop you! Turn your monologue into a dialogue quickly instead of reinforcing “why it should’ve, could’ve and would’ve worked if only it had been different.”

Get clear. Every success and every failure provide “lessons learned.” These will be repeated in future projects and ventures until they are learned!  Complete a review of what worked from the project or venture. Clarify specifically what didn’t work. Using numbers will often help you see it more objectively. Incorporate these lessons into future plans.

Be Coachable.  Too often, people will give up too quickly due to entrenchment in how it’s always been done, or unwillingness to learn a new method. They might hang on too long due to their boss or leader not moving them forward.  Learn to quit gracefully after talking with a biz advisor to determine if the project, plan or venture can be turned around profitably and fulfill the intended outcomes.

©Jeannette L. Seibly, 2012

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