Navy SEAL Explains the Difference Between Failing and Quitting
AI Overview
Summary is AI-generated, newsroom-reviewed.
The article discusses the importance of knowing when to quit or pivot in business, emphasizing the difference between failing and quitting. The author shares experiences with various online ventures, highlighting the necessity of recognizing when a project isn't working and making a tactical retreat to focus resources more effectively.
Key points from this article:
- The author details their experience with unsuccessful sites like Military Posh and Transition Hero, which were shelved after failing to gain traction.
- How the decision to pull the plug on underperforming sites like Military Posh and Transition Hero allowed the author to conserve resources and focus on more promising ventures.
- Why understanding the metrics for success and having a clear timeline for evaluation is crucial for business sustainability, as demonstrated by the author's six-month assessment strategy.
There is a world of difference between failing and quitting. The concept of quitting simply isn’t in my vocabulary.
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