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Last Updated on February 25, 2018

Successful People Know When and What — to Give up and Move Forward

Successful People Know When and What — to Give up and Move Forward

“Never give up,” is a common piece of advice that we’re given when we’re facing difficulties. People think giving up is not an option, as we often hear about successful people who plow through obstacles to achieve greatness.

The truth is, successful people give up a lot. They turn knowing when to quit into an art form. Yes, there will be times on your journey when you’ll need to soldier on in spite of difficult odds, but sometimes you have to close one door in order to open another.

    Photo credit: Source

    Steve Jobs gave up a lot of production lines and made 3000 people lose their jobs

    In 1997, Apple was facing strong competition from Microsoft. As Apple’s CEO, Steve Jobs was responsible for spearheading many of the changes that led to the company’s success. Many of the modifications that Jobs made involved axing old initiatives to trim the fat.

    Macintosh was producing hardware, desktops, and servers when Jobs intervened. All of these product lines were cut in order to allow the company to focus on four main products.[1]

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    Looking back, we recognize that Jobs made the right decision. Hindsight is funny that way–we see the value in him making such deep cuts to Macintosh’s initiatives because we know how successful the company became.

    I’m willing to bet that at the time people were fairly disgruntled by these changes. Over 3,000 people lost their jobs and 70% of Apple’s products were discontinued. This might have looked like grounds for disaster because he was giving up so much.

    When we cut things from our lives or businesses, it feels like we’re losing. There’s this shame around giving up on something you’ve worked for. But giving up doesn’t mean that you lack perseverance. Nobody wants to be considered a quitter, just sometimes you have to make cuts in order to realize a broader vision.

    3 things successful people give up

    Sometimes persistence will yield better results than quitting, but you’ll have to weigh your options. There are a few things that you can give up right away to pave the way for a more successful future.

    Things that worked in the past but are no longer viable

    We live in a fast-paced world, and what worked yesterday may not work tomorrow. Whether you’re running a business or managing your life, staying up to speed on what’s happening in the world is essential. Being able to anticipate change can give you a chance to alter your course while incurring less cost.

    Abandoning things that no longer serve you can be challenging. It’s easy to fall prey to the Sunk Cost Fallacy, which is the idea that you need to continue on a certain path because you have already invested time, energy, and resources into that pursuit.

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    The world changes, and you are changing right along with it. Don’t stick to things simply because they worked for you in the past. You may have to break out of your comfort zone, but it will be worthwhile to face the challenge.

    Review your life and business responsibilities on a regular basis to ascertain what isn’t working for you anymore. Keep track of data and anecdotal evidence that could help you decide when you need to change direction. Circumstances won’t change overnight. Some of your actions slowly start to cost you more time and money. Spotting a downward trend early can help you cut your losses and regroup.

    Things that consume their energy without yielding any benefit

    You may take on a project with the understanding that you may have to put in some effort up front to get results later. It is important to avoid the trap of spinning your wheels and waiting for success.

    Set time-bound goals and perform a cost-benefit analysis.[2] Establish how long you are willing to put in that level of effort, and what your outcomes should be. If you don’t see a return on your investment within the time frame that you set, you might need to consider dropping that initiative.

    When something takes up too much of your time, you end up working for free or operating at a loss. Something that takes too much of your energy can also prevent you from taking on initiatives that may prove more beneficial for you.

    The communication company, Slack, is a classic example of this principle. Before the company was a go-to platform for business communication, it was a video game company. The CEO received 17 million dollars to invest in his project, but the video games didn’t do well.

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    The CEO had to make a tough choice: continue with the original objective and go into debt for millions of dollars or try something new and keep what could be salvaged. Slack’s success today would not have been possible if the company had not changed directions.

    Giving up on something doesn’t mean that you’ve failed. It just means that you are opening yourself up to the possibility of being successful in another endeavor.

    Prioritize your schedule and eliminate things that are eating up your time and energy. In some cases, low-value tasks may give you very little benefit, but they could also be negative-value if they take you away from more important tasks.

    People who don’t share the same goals and vision

      Photo credit: Source

      As the saying goes, you’re the average of the five people with whom you spend the most time. You’ll want to make conscious choices about the people that you spend your time with because they can influence you. If they don’t share your vision, you will either end up in conflict with them, or they will take you off-track.

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      When you spend time with people who share your goals, you’ll have more opportunities for growth. Your peers will understand your mission, and you can use your collective brainpower and resources to strive for success. These people can offer you insights and motivate you.

      When you make new friends or apply for a new job, you need to understand the person or entity’s core values. This means that you will have to do more than engage the people around you in small talk. Asking people where they like to go, talking about the weather, or inquiring about their weekend doesn’t tell you much about them.

      Asking philosophical and ethical questions can give you insight into a person’s character. They don’t necessarily have to agree with you on all points in order to be a good match, but if someone responds in a manner that is completely against your core values, then they might not share your perspective about life.

      Asking someone, “What is your favorite quote (or book) and why?” or “What would you do if you won the lottery tomorrow?” can tell you a lot about someone you’ve just met. If you are having a deeper discussion, asking, “Are you religious or spiritual?” or “How do you measure your success?” can prompt people to open up about what is important to them.[3]

      Making the decision to give up on something that isn’t working for you is part of becoming successful. Some of the best-intended moves can consume too much time and energy to be worthwhile. Strategies and that worked for you in the past may need to be adapted or abandoned when they stop being beneficial. People who you thought were your friends could have a negative impact on your work.

      Insanity: doing the same thing over and over again and expecting different results. -Albert Einstein

      When you clear away ideas and initiatives that no longer serve you, you make room for fresh ideas to take shape. Quitting is not necessarily a bad thing. Having a capacity to give up is one of the best-kept secrets among successful people.

      Reference

      More by this author

      Leon Ho

      Founder & CEO of Lifehack

      Have You Fallen Into the ‘Busy’ Trap? Here’s Your Way Out How to Increase Brain Power, Boost Memory and Become 10X Smarter Hard-Working People Climb to the Top, Smart People Hack It Do You Want to Know the Secret to Living a Fulfilling Life? How Much Do You Need to Give Up to Start Over?

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      Last Updated on November 15, 2018

      Success In Reaching Goals Is Determined By Mindset

      Success In Reaching Goals Is Determined By Mindset

      What do you think it takes to achieve your goals? Hard work? Lots of actions? While these are paramount to becoming successful in reaching our goals, neither of these are possible without a positive mindset.

      As humans, we naturally tend to lean towards a negative outlook when it comes to our hopes and dreams. We are prone to believing that we have limitations either from within ourselves or from external forces keeping us from truly getting to where we want to be in life. Our tendency to think that we’ll “believe it when we see it” suggests that our mindsets are focused on our goals not really being attainable until they’ve been achieved. The problem with this is that this common mindset fuels our limiting beliefs and shows a lack of faith in ourselves.

      The Success Mindset

      Success in achieving our goals comes down to a ‘success mindset’. Successful mindsets are those focused on victory, based on positive mental attitudes, empowering inclinations and good habits. Acquiring a success mindset is the sure-fire way to dramatically increase your chance to achieve your goals.

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      The idea that achieving our goals comes down to our habits and actions is actually a typical type of mindset that misses a crucial point; that our mindset is, in fact, the determiner of our energy and what actions we take. A negative mindset will tend to create negative actions and similarly if we have a mindset that will only set into action once we see ‘proof’ that our goals are achievable, then the road will be much longer and arduous. This is why, instead of thinking “I’ll believe it when I see it”, a success mindset will think “I’ll see it when I believe it.”

      The Placebo Effect and What It Shows Us About The Power of Mindset

      The placebo effect is a perfect example of how mindset really can be powerful. In scientific trials, a group of participants were told they received medication that will heal an ailment but were actually given a sugar pill that does nothing (the placebo). Yet after the trial the participants believed it’s had a positive effect – sometimes even cured their ailment even though nothing has changed. This is the power of mindset.

      How do we apply this to our goals? Well, when we set goals and dreams how often do we really believe they’ll come to fruition? Have absolute faith that they can be achieved? Have a complete unwavering expectation? Most of us don’t because we hold on to negative mindsets and limiting beliefs about ourselves that stop us from fully believing we are capable or that it’s at all possible. We tend to listen to the opinions of others despite them misaligning with our own or bow to societal pressures that make us believe we should think and act a certain way. There are many reasons why we possess these types of mindsets but a success mindset can be achieved.

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      How To Create a Success Mindset

      People with success mindsets have a particular way of perceiving things. They have positive outlooks and are able to put faith fully in their ability to succeed. With that in mind, here are a few ways that can turn a negative mindset into a successful one.

      1. A Success Mindset Comes From a Growth Mindset

      How does a mindset even manifest itself? It comes from the way you talk to yourself in the privacy of your own head. Realising this will go a long way towards noticing how you speak to yourself and others around you. If it’s mainly negative language you use when you talk about your goals and aspirations then this is an example of a fixed mindset.

      A negative mindset brings with it a huge number of limiting beliefs. It creates a fixed mindset – one that can’t see beyond it’s own limitations. A growth mindset sees these limitations and looks beyond them – it finds ways to overcome obstacles and believes that this will result in success. When you think of your goal, a fixed mindset may think “what if I fail?” A growth mindset would look at the same goal and think “failures happen but that doesn’t mean I won’t be successful.”

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      There’s a lot of power in changing your perspective.

      2. Look For The Successes

      It’s really important to get your mind focused on positive aspects of your goal. Finding inspiration through others can be really uplifting and keep you on track with developing your success mindset; reinforcing your belief that your dreams can be achieved. Find people that you can talk with about how they achieved their goals and seek out and surround yourself with positive people. This is crucial if you’re learning to develop a positive mindset.

      3. Eliminate Negativity

      You can come up against a lot of negativity sometimes either through other people or within yourself. Understanding that other people’s negative opinions are created through their own fears and limiting beliefs will go a long way in sustaining your success mindset. But for a lot of us, negative chatter can come from within and these usually manifest as negative words such as can’t, won’t, shouldn’t. Sometimes, when we think of how we’re going to achieve our goals, statements in our minds come out as negative absolutes: ‘It never works out for me’ or ‘I always fail.’

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      When you notice these coming up you need to turn them around with ‘It always works out for me!’ and ‘I never fail!’ The trick is to believe it no matter what’s happened in the past. Remember that every new day is a clean slate and for you to adjust your mindset.

      4. Create a Vision

      Envisioning your end goal and seeing it in your mind is an important trait of a success mindset. Allowing ourselves to imagine our success creates a powerful excitement that shouldn’t be underestimated. When our brain becomes excited at the thought of achieving our goals, we become more committed, work harder towards achieving it and more likely to do whatever it takes to make it happen.

      If this involves creating a vision board that you can look at to remind yourself every day then go for it. Small techniques like this go a long way in sustaining your success mindset and shouldn’t be dismissed.

      An Inspirational Story…

      For centuries experts said that running a mile in under 4 minutes was humanly impossible. On the 6th May 1954, Rodger Bannister did just that. As part of his training, Bannister relentlessly visualised the achievement, believing he could accomplish what everyone said wasn’t possible…and he did it.

      What’s more amazing is that, as soon as Bannister achieved the 4-minute mile, more and more people also achieved it. How was this possible after so many years of no one achieving it? Because in people’s minds it was suddenly possible – once people knew that it was achievable it created a mindset of success and now, after over fifty years since Bannister did the ‘impossible’, his record has been lowered by 17 seconds – the power of the success mindset!

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