Know When to Quit, Pivot or Persevere (FS017)

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Episode 17: Know When to Quit, Pivot or Persevere (FS017)

We all face what Eric Ries calls the hardest part of any startup: deciding whether to quit, pivot or persevere. Why is it the hardest part? Because most of us don’t know what the hell to do!

In this conversation we walk you through our own experiences with pivots, quits and perseverance.

By the end you’ll be setup with 3 tactics to help you know what the right decision is for your business and when to make it.

You’ll also get a surprise blogging pro tip from Corbett and an answer to a listener question about free vs paid stuff online. Enjoy!

Ask us a question for the next show:  Speak It   |   Write It

We’d love to include your business and question in the show. Let us know what you’re struggling with.

Show Notes

How Scott Dinsmore Re-Launched his Blog and Doubled His Readership“Sometimes you have a website that just isn’t going exactly where you want it to or is growing at a sluggish pace.”

The Dip by Seth Godin“Winners quit fast, quit often, and quit without guilt—until they commit to beating the right Dip for the right reasons. In fact, winners seek out the Dip. They realize that the bigger the barrier, the bigger the reward for getting past it.”

Rick Perry’s list botching — let he who’s really nailed their presidential debate throw the first stone.

How The Wrong Metric Sinks Your Business (& How The Right One Saves It) (FS011) — Think Traffic“What if you built a website with a ton of traffic only to realize it could never end up supporting you?”

Good Life Project: Seth Godin On Books, Business And Life – YouTube — around 16:50 it get’s into the stuff Caleb talks about. The whole interview is excellent.

Chain Smoking Your Projects — great insight here from Austin Kleon. More from him on this topic here.

Freakonomics » The Upside of Quitting — a stellar exploration of quitting through the lens of illuminating situations and rigorous economics.

Shaq’s Kazaam and Jordan’s Space Jam are two great examples of a pivot. Or, was this actually a way to quit? naw, you don’t think you’d call this perseverance would you?

Shittin’ in tall cotton“When you have to relieve yourself outdoors, nothing makes better toilet paper than a few cotton bolls… The implied meaning is that things are going well for you, or that you have joined a group of elite folks.” .

Ron Conway is an angel investing superstar. Here’s some data he collected from 500+ startups. It’s not gold standard research, but he found a fail rate of 40%, and entrepreneurs are 20% more likely to succeed on their second venture. Again, small sample size and highly culled (to be speaking with Ron), but interesting stuff regardless.

Build a Better Blog in 31 Days — this is the book Corbett mentions in his blogging tip.

big yellow taxi – Joni Mitchell in concert 1970 – YouTube. And if you really want a proficient jam session, check out this crew.

Closing Thought:

Earn a living doing something you love.

Grow an audience and get paid for your work as an independent creator. Fizzle is where creators come to learn, share and make progress toward their online dreams.

I’ve taken a lot of courses and been involved in several paid communities since I started my business, but I’ve never ever felt like anyone CARED as much about seeing my reach my goals as the Fizzle Team. They show up for me as much as I show up for myself. Thank you SO much, you guys!

Claire Pelletreau

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