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Running my company for 15 years instead of for 10. After the crash of 2008 it was clear that revenues were plunging and the situation was dire. I could have s
by tjic 10y ago
Running my company for 15 years instead of for 10.
After the crash of 2008 it was clear that revenues were plunging and the situation was dire.
I could have shut it down right then and there and left on a high note.
Instead I slashed my own pay and applied a Herculean effort to keep the firm alive...only to shut it down anyway 5 years later.
That was five years of my life that I have nothing to show for.
Know when to walk away.
- personlurking 10y agoThe following quote comes to mind: “One of the hardest decisions you'll ever face in life is choosing whether to walk away or try harder.” Equally valid for relationships, of course.
- tjic 10y agoI blame myself for 90% of the bad decision, and Seth Godin and his "The Dip" theory for the other 10%.
- restalis 10y agoI keep telling myself that I should apply game theory investment rules on all decisions but it's hard for me to do that in practice, and I know I'm not be the only one with this problem. Our optimistic side does not always eagerly leave the helm to the pragmatic side, but I think this is both a gift and a curse.