Comments on: Paradox: Stay the Course or Bail http://smallbiztrends.com/2009/01/paradox-stay-the-course-or-bail.html Exploring the trends driving small business Sat, 26 May 2012 02:28:25 +0000 hourly 1 http://wordpress.org/?v= By: Kris Bovay http://smallbiztrends.com/2009/01/paradox-stay-the-course-or-bail.html#comment-652579 Kris Bovay Sun, 11 Jan 2009 07:06:23 +0000 http://smallbiztrends.com/2009/01/paradox-stay-the-course-or-bail.html/#comment-652579 In my experience working with clients of small to mid size companies, I have found that often senior management is ready, willing and able to move in one direction or the other (stay the course or bail) but they have a much harder time deciding when to do so. Some bail too early, others too late; and others stick to the plan way too long. The magic seems to be in understanding the timing. In my experience working with clients of small to mid size companies, I have found that often senior management is ready, willing and able to move in one direction or the other (stay the course or bail) but they have a much harder time deciding when to do so. Some bail too early, others too late; and others stick to the plan way too long. The magic seems to be in understanding the timing.

]]> By: Susan Kuhn Frost http://smallbiztrends.com/2009/01/paradox-stay-the-course-or-bail.html#comment-652560 Susan Kuhn Frost Sat, 10 Jan 2009 16:47:10 +0000 http://smallbiztrends.com/2009/01/paradox-stay-the-course-or-bail.html/#comment-652560 Does anyone have a good story of an entrepreneur making this decision? Books and sayings are one thing, but I LOVE hearing how individual people have taken these ideas and actually used them in their business. Doesn't matter what the result was...since we know we all learn from our mistakes. But what does matter is seeing the thought process in action: What specifics about the business environment were important? What part of the decision was analytical and what part was intuitive? What factors about the business were important -- e.g., were there other opportunities, was the CEO just plain sick of it, did a specific person leave so it was too difficult to carry out? The devil (and God, to quote Lavoisier) is in the details. Does anyone have a good story of an entrepreneur making this decision? Books and sayings are one thing, but I LOVE hearing how individual people have taken these ideas and actually used them in their business. Doesn’t matter what the result was…since we know we all learn from our mistakes. But what does matter is seeing the thought process in action: What specifics about the business environment were important? What part of the decision was analytical and what part was intuitive? What factors about the business were important — e.g., were there other opportunities, was the CEO just plain sick of it, did a specific person leave so it was too difficult to carry out? The devil (and God, to quote Lavoisier) is in the details.

]]> By: Martin Lindeskog http://smallbiztrends.com/2009/01/paradox-stay-the-course-or-bail.html#comment-652542 Martin Lindeskog Sat, 10 Jan 2009 11:46:49 +0000 http://smallbiztrends.com/2009/01/paradox-stay-the-course-or-bail.html/#comment-652542 Tim: Thanks again for the book tip. Tim: Thanks again for the book tip.

]]> By: Find Niches Online http://smallbiztrends.com/2009/01/paradox-stay-the-course-or-bail.html#comment-652526 Find Niches Online Sat, 10 Jan 2009 02:42:37 +0000 http://smallbiztrends.com/2009/01/paradox-stay-the-course-or-bail.html/#comment-652526 Excellent content here and a nice writing style too - keep up the great work! Excellent content here and a nice writing style too – keep up the great work!

]]> By: Tim Berry http://smallbiztrends.com/2009/01/paradox-stay-the-course-or-bail.html#comment-652520 Tim Berry Sat, 10 Jan 2009 00:36:40 +0000 http://smallbiztrends.com/2009/01/paradox-stay-the-course-or-bail.html/#comment-652520 @Martin re The Dip: Yeah, you do. Like every other Seth Godin book I've read, short, well written, and thought provoking. Regards, Tim @Martin re The Dip: Yeah, you do. Like every other Seth Godin book I’ve read, short, well written, and thought provoking. Regards, Tim

]]> By: Martin Lindeskog http://smallbiztrends.com/2009/01/paradox-stay-the-course-or-bail.html#comment-652516 Martin Lindeskog Fri, 09 Jan 2009 23:48:47 +0000 http://smallbiztrends.com/2009/01/paradox-stay-the-course-or-bail.html/#comment-652516 We got stuck in the middle and it was painful. But we survived and quit certain things. We will continue with the basic idea, but in a new form and and shape. We have learned a lot, established plenty of contacts that are interested in a cooperation in the future. I got inspired by recent tweets and post I have read on co-working, digital nomads and the idea of a "third place" between your home and office. I have to get The Dip. We got stuck in the middle and it was painful. But we survived and quit certain things. We will continue with the basic idea, but in a new form and and shape. We have learned a lot, established plenty of contacts that are interested in a cooperation in the future. I got inspired by recent tweets and post I have read on co-working, digital nomads and the idea of a “third place” between your home and office.

I have to get The Dip.

]]> By: Chris http://smallbiztrends.com/2009/01/paradox-stay-the-course-or-bail.html#comment-652511 Chris Fri, 09 Jan 2009 23:05:17 +0000 http://smallbiztrends.com/2009/01/paradox-stay-the-course-or-bail.html/#comment-652511 I think if you stay the course, keep yourself focused and learn to make decisions that you've thought through - thought them through into the future - you'll be allright. You'll make good decisions for yourself and your business. Like he said, "Don't get stuck in the middle." Think things through completely. Don't just think of the immediate benefit, think through it long term. And once you do that, mull it over for a while and let the answers come to you. I think the worst thing anyone can do is make an immediate decision about something that will have a long term impact. Just take a little time and you'll feel you've made the right choice. I think if you stay the course, keep yourself focused and learn to make decisions that you’ve thought through – thought them through into the future – you’ll be allright. You’ll make good decisions for yourself and your business.

Like he said, “Don’t get stuck in the middle.” Think things through completely. Don’t just think of the immediate benefit, think through it long term. And once you do that, mull it over for a while and let the answers come to you.

I think the worst thing anyone can do is make an immediate decision about something that will have a long term impact. Just take a little time and you’ll feel you’ve made the right choice.

]]> By: Amanda http://smallbiztrends.com/2009/01/paradox-stay-the-course-or-bail.html#comment-652497 Amanda Fri, 09 Jan 2009 19:31:52 +0000 http://smallbiztrends.com/2009/01/paradox-stay-the-course-or-bail.html/#comment-652497 Quitting is a tough call to make. I agree that experience is an important factor along with sticking with your gut instinct. There can be a lot said for making a decision based on something that just doesn't feel right. Sometimes you just know. Quitting is a tough call to make. I agree that experience is an important factor along with sticking with your gut instinct. There can be a lot said for making a decision based on something that just doesn’t feel right. Sometimes you just know.

]]> By: Click and Inc http://smallbiztrends.com/2009/01/paradox-stay-the-course-or-bail.html#comment-652495 Click and Inc Fri, 09 Jan 2009 19:09:41 +0000 http://smallbiztrends.com/2009/01/paradox-stay-the-course-or-bail.html/#comment-652495 That is a tough question to answer and I think its a combination of knowledge, experience and a little bit of faith. Thanks for the advice. That is a tough question to answer and I think its a combination of knowledge, experience and a little bit of faith. Thanks for the advice.

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