Dads Working From Home presents question #10: When should I give up?
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Free PDF Download Are you a Direct Marketing FAILURE? The Barefoot Millionaires present #3 in a 10-Part Series - By Richard Knowles |
I've always thought that boxing is a great metaphor for business. Picture a heavyweight contender, his whole life leading up to this fight, his title shot. Flash forward to the middle of the fourth round. He's taking one hell of a beating. He's determined, though. There's absolutely no quit in this guy, and even if it means the ultimate sacrifice, he refuses to give up.
Suddenly, after a particularly vicious, bloody series of blows, the contender's trainer leaps to his feet and throws in the towel.
Now, in this metaphor you're obviously the boxer, the ring is your business, and the guy pounding on you is your competition. Everything adds up... except the trainer.
The majority of entrepreneurs don't have somebody waiting in the wings to save them from themselves, so we must exercise great care when assessing our chance at success.
I won't bore you with a discussion of spreadsheets, P & L statements, extending lines of credit, etc. That's not the issue at hand. The issue is, when should you quit?
Some say quit when "it's not fun anymore." Horrible advice.
Others say quit when "you no longer think you can win." Cowardly. People who believe this aren't real entrepreneurs.
In my opinion, you never quit. You can adapt, retrench, restructure, or whatever you want to call it. Just don't quit! The world doesn't need another pencil-pushing desk jockey. Your family needs you to be more than average, more than a clock watcher. You took the leap, now see it through.
They say there are only two kinds of pain: the pain of sacrifice, and the pain of regret.
Don't be that guy on his deathbed, eaten up by regret. You have one shot. Take it. And never quit.
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Free PDF Download Are you a Direct Marketing FAILURE? The Barefoot Millionaires present #3 in a 10-Part Series - By Richard Knowles |
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About the Author: Richard Knowles RSS for Richard's articles - Visit Richard's website As the son of an Air Force chaplain, I grew up all over the world (Japan, Germany, and several U.S. states). I went to college at Eastern New Mexico University and now call Wilmington, NC home. I am blessed with a healthy, happy family: my wife, Jenny, and our three kids (Jack, 6, Cami, 5, and Kent, 4 months). Ten years as V.P. at a major corporatin have led me to network marketing, and my hopes and confidence are at an all-time high. If you ever find yourself in Wilmington, please give us a call - we'll have a steak waiting for you. www.stonestreetwealthcreators.com Click here to visit Richard's website. Dads Working From Home presents Ive decided to start a home business Whats the first step Dads Working From Home tip of the day Stocking the Home Office Do I have what it takes to succeed with a home based business Dads Working From Home presents What kind of business should I start Dads Working From Home presents the fifth installment of the tenpart series The Ten Most Frequently Asked Questions About Starting A Home Business |
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