RT 29 | When Is It Time to Quit?
We have been requested by people in our community to speak about this topic, which is always coming up in conversations with friends and colleagues. During COVID-19, where a lot of people have been impacted, there are conversations about losing money and decisions that need to be made regarding the continuity of a business.
In today’s episode of #REALTALK, our host Cherry Rose Tan will have a conversation with us about money and its relationship to mental health. If you are an entrepreneur, you are probably grappling with the tough decisions on how you can continue to support yourselves and other people in your Inner Circle and in your community.
Quitting can feel like a taboo topic, where startup culture promotes having "more more more" and scaling. However, making a transition (aka. quitting) can be the right move. We talk about what quitting can mean, especially for a business, and the steps you can make a decision that is right for you. Is quitting the right answer?
Be enlightened by this episode. Enjoy!
WHAT YOU WILL LEARN
What are the conversations around money in the entrepreneurial world?
When is it time to quit and/or should we quit?
The three areas to consider around quitting
The 1st area of quitting: A look at “The Dip,” as described in the book by Seth Godin. How can quitting can become a transition to a better thing?
The 2nd area of quitting: What would the impact of quitting be to your Inner Circle?
The 3rd area of quitting - What does success look like to you?
QUOTES
"As entrepreneurs, as leaders, people are often depending on us or looking towards us for how to lead."
"As you progress in that journey, you should expect at one point or another, that there is gonna be something called the dip."
"The quitting is often so related to the conversation of money and both of those things are related to the conversations on mental health."
"Quitting can also be a transition. It can be a transition to something new, to something better, to something that's more aligned to you."
"When you're thinking about quitting or transitioning, it's really important to know who are the people that matter in this decision."
"Success will be different for different people."
RESOURCES