Estimated reading time: 4 minutes, 15 seconds.
TODAY’S IDEA: Understanding when to quit and when to stick
— From The Dip: A Little Book That Teaches You When to Quit (and When to Stick) by Seth Godin
The business world is peppered with quotes and slogans to never give up and never quit. When I wrote about Selective quitting from Chris Guillebeau’s book Born For This, the post highlighted how to quit projects or courses of action that were not in our best interest. In today’s idea, from Seth Godin’s The Dip, we’ll take a look at when to quit and when to stick.
Godin explains that “Most people will tell you that you that you need to persevere—to try harder, put in more hours, get more training, and work hard. ‘Don’t quit!’ they implore. But if all you need to do to succeed is not quit, then why do organizations less motivated than yours succeed? Why do individuals less talented than you win? It involves understanding the architecture of quitting, and, believe it or not, it means quitting a lot more than you do now.”
The author continues, “Strategic quitting is the secret of successful organizations [and individuals]. Reactive quitting and serial quitting are the bane of those that strive (and fail) to get what they want. And most people do just that. They quit when it’s painful and stick when they can’t be bothered to quit. […] Understanding the different types of situations that lead you to quit—or that should cause you to quit—is the first step toward getting what you want.”
Godin shares two curves that define virtually all situations that we face. Understanding them is the basis for success.
CURVE 1: THE CUL-DE-SAC
Cul-de-sac means dead end in French. We’ve all seen it and experienced it: “It’s a situation where you work and you work and you work and nothing much changes. It doesn’t get a lot better, it doesn’t get a lot worse. It just is.” And there’s not much to say about the cul-de-sac other than when you find yourself in it, you need to get out of it as fast as you can. “A dead end is keeping you from doing something else. The opportunity cost of investing your life in something that’s not going to get better is just too high.”
CURVE 2: THE DIP
Image courtesy of Seth Godin.
When you first start something there’s a fantastic rush of energy and excitement: you’re learning by leaps and bounds and making much progress. This growth and rapid learning keeps you going over the ensuing days or months. And then you fall into the Dip.
“The Dip is the long slog between starting and mastery… the long stretch between beginner’s luck and accomplishment… [but it’s] actually a shortcut, because it gets you where you want to go faster than any other path.” Those that stick through the Dip and make it to the other side come out victorious, because “almost everything in life worth doing is controlled by the Dip.”
The important thing to keep in mind is that “just because you know you’re in the Dip doesn’t mean you have to live happily with it. Dips don’t last quite as long when you whittle at them.”
The things or skills that we most value are scarce. Without the Dip, scarcity—and thus value—wouldn’t exist. “What’s hard is getting there… there’s a huge Dip along the way.” If it were easy, everyone would be there already. That’s why “the people who invest the time and the energy and the effort to power through the Dip… are the ones who become the best in the world.”
To sum up, Godin gives the following wise advice: “Stick with The Dips that are likely to pan out, and quit the Cul-de-Sacs to focus your resources. That’s it.”
Both Seth Godin and The Dip were mentioned recently in the Billions TV series on Showtime. Here’s the video clip. (Courtesy of Seth Godin. Note: strong/uncensored language). And I’m absolutely thrilled and very proud that, today, Seth Godin—whose mind and writings I’ve long admired, and who I have the honor and joy of calling a friend—is being inducted into the Marketing Hall of Fame. SUPERCONGRATS SETH!! For these and billions of other reasons, you are indeed on the other side of the Dip as the best in the world: well deserved and hats off!
ACTION
TODAY: Are there any cul-de-sacs among your current life or business projects that you need to quit? Are you experiencing any Dips? Take a moment to think about your future and the goals you want to achieve. And then determine the best course of action for you.
FUTURE: As you periodically examine your goals, quit the cul-de-sacs to free up energy and resources as well as to make valuable room for other endeavors. When you find yourself in a Dip, remember that you don’t have to like it or enjoy it, but you can certainly push through it to get to the other side, and once you’re there, the effort will have been worthwhile.
Know someone who is in a cul-de-sac and needs to quit? Or someone who is in a Dip and needs encouragement to keep at it? Share this post via email, Facebook or Twitter!