FBC – 495 – If you have ever been called a quitter you need to hear this

If you have ever been called a quitter you need to hear this.

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Ok let’s be honest, nobody likes to be called a “quitter”

Have you ever been called a quitter in your life? If yes, how did that make you feel?

Probably not your proudest moment right?

In today’s episode, we are going to discuss the hidden side of quitting.

This is something that nobody is talking about and you might be very happy or surprised to hear what I have to say in this episode.

Make sure to tune in and don’t miss this episode

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Here is one of my favorite quotes:

“Ideas are easy. Implementation is hard.”
– Guy Kawasaki, co-founder Alltop

I wanted to talk to you about something that well, it's actually counterintuitive. And this might be some things that I told you not to do, but today I'm going to tell you to do it, OK? I'm talking about quitting.

Yes, quitting.

Well, you know, obviously the term quitting has a very bad connotation. It’s usually a trait of character that you don't want in your life to define you. Oh, this person's a quitter and stuff. Right.

So, you know, because of this, we are always afraid of quitting something because it makes us look bad. But here's the thing.

Sometimes actually I recommend you quit. OK, so I'm going to give you a few examples and we're going to analyse that together.

Anyway, if you've been following me for some time, you'd know that at some point I was in a business venture that I liked in the beginning. But then afterwards it became a freaking nightmare. I hated every single second of it. I hated it, OK?

And so here's the thing. The thing is that I invested quite a lot of money in this venture, you know, some investments and shares in the company and everything. And a lot of people said but you have shares in company. You know, if you stop now, you lose everything.

I remember watching an interview of a guy who was one of the founders of Gojek. There is an app here in Indonesia called Gojek. And I mean, this thing does everything. So it's like Uber. And you can buy your electricity. They can go do your grocery shopping. They do everything. They bring massage therapist, they clean your house. It's ridiculous.

This guy had everything, you know, everything was going well for them, you know? Well, I mean, on the surface, I mean, they actually had a major crisis and he quit. He said, look, I can't do it anymore because it was too much for the guy. He was on God knows how many telegram groups, how many WhatsApp groups, support, blah, blah, blah.

His phone was ringing around the clock and it just wasn't what he wanted in life. And so he had a chat with his business partner. He said, look, I can't do that anymore. And then he was able to quit, I think, while he still has some equity and stuff in the company.

If you have ever been called a quitter you need to hear this

So this rang true with me. I now it’s still a small company and stuff, but I ended up in a situation where, I mean, this thing was killing me, man. I hated it. I absolutely hated it. And the argument that you could make is, oh, yeah, but what about the money? Right. If you stop now, the money is lost.

Well, here's the thing. I invested some money and every month I had to invest more and more money because the business was broken, OK? And so that meant that in order to keep the business alive, I just had to pump money out of my pockets and stuff.

So, yeah, well, if I left now, whatever I put in that business is gone. But if I stay, guess what? I'm going to lose more money every single month.

So this is a common excuse. Oh, I've come this far. I can stop now. Which in some cases works OK, but not always. There is not a set answer of oh well you've done it for quite some time, let's keep doing that. If you're doing something that's wrong, at some point you need to stop. Stop worrying about how long you've been doing it.

If there is a good reason, right, you make a decision, you have a process to make your decisions. And if that process says, look, you know, and you’ve carefully studied it, look, it's best to stop the bleeding now instead of, like, bleed forever, you know?

I learned a great deal from that experience.