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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

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      Last Updated on March 23, 2021

      Manage Your Energy so You Can Manage Your Time

      Manage Your Energy so You Can Manage Your Time

      One of the greatest ironies of this age is that while various gadgets like smartphones and netbooks allow you to multitask, it seems that you never manage to get things done. You are caught in the busyness trap. There’s just too much work to do in one day that sometimes you end up exhausted with half-finished tasks.

      The problem lies in how to keep our energy level high to ensure that you finish at least one of your most important tasks for the day. There’s just not enough hours in a day and it’s not possible to be productive the whole time.

      You need more than time management. You need energy management

      1. Dispel the idea that you need to be a “morning person” to be productive

      How many times have you heard (or read) this advice – wake up early so that you can do all the tasks at hand. There’s nothing wrong with that advice. It’s actually reeks of good common sense – start early, finish early. The thing is that technique alone won’t work with everyone. Especially not with people who are not morning larks.

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      I should know because I was once deluded with the idea that I will be more productive if I get out of bed by 6 a.m. Like most of you Lifehackers, I’m always on the lookout for productivity hacks because I have a lot of things in my plate. I’m working full time as an editor for a news agency, while at the same time tending to my side business as a content marketing strategist. I’m also a travel blogger and oh yeah, I forgot, I also have a life.

      I read a lot of productivity books and blogs looking for ways to make the most of my 24 hours. Most stories on productivity stress waking up early. So I did – and I was a major failure in that department – both in waking up early and finishing early.

      2. Determine your “peak hours”

      Energy management begins with looking for your most productive hours in a day. Getting attuned to your body clock won’t happen instantly but there’s a way around it.

      Monitor your working habits for one week and list down the time when you managed to do the most work. Take note also of what you feel during those hours – do you feel energized or lethargic? Monitor this and you will find a pattern later on.

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      My experiment with being a morning lark proved that ignoring my body clock and just doing it by disciplining myself to wake up before 8 a.m. will push me to be more productive. I thought that by writing blog posts and other reports in the morning that I would be finished by noon and use my lunch break for a quick gym session. That never happened. I was sleepy, distracted and couldn’t write jack before 10 a.m.

      In fact that was one experiment that I shouldn’t have tried because I should know better. After all, I’ve been writing for a living for the last 15 years, and I have observed time and again that I write more –and better – in the afternoon and in evenings after supper. I’m a night owl. I might as well, accept it and work around it.

      Just recently, I was so fired up by a certain idea that – even if I’m back home tired from work – I took out my netbook, wrote and published a 600-word blog post by 11 p.m. This is a bit extreme and one of my rare outbursts of energy, but it works for me.

      3. Block those high-energy hours

      Once you have a sense of that high-energy time, you can then mold your schedule so that your other less important tasks will be scheduled either before or after this designated productive time.

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      Block them out in your calendar and use the high-energy hours for your high priority tasks – especially those that require more of your mental energy and focus. You also need to use these hours to any task that will bring you closer to you life’s goal.

      If you are a morning person, you might want to schedule most business meetings before lunch time as it’s important to keep your mind sharp and focused. But nothing is set in stone. Sometimes you have to sacrifice those productive hours to attend to other personal stuff – like if you or your family members are sick or if you have to attend your son’s graduation.

      That said, just remember to keep those productive times on your calendar. You may allow for some exemptions but stick to that schedule as much as possible.

      There’s no right or wrong way of using this energy management technique because everything depends on your own personal circumstances. What you need to remember is that you have to accept what works for you – and not what other productivity gurus say you should do.

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      Understanding your own body clock is the key to time management. Without it, you end up exhausted chasing a never-ending cycle of tasks and frustrations.

      Featured photo credit: Collin Hardy via unsplash.com

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