Chapter
To Persist or Abandon: When to Make the Decision
22:59 - 32:12 (09:12)
In this podcast episode, the host discusses when to persist in a venture versus when to abandon it. He shares the story of a successful podcast that eventually ended after running for 177 episodes, and offers insights on persistence in business, writing, and even games like chess.
Clips
The CEO of a website-building company discusses his decision to sell the company when he felt the ability to create websites was going to become commoditized and the company had received numerous acquisition offers at the height of its success, with the internet bust happening soon thereafter.
22:59 - 24:48 (01:48)
Summary
The CEO of a website-building company discusses his decision to sell the company when he felt the ability to create websites was going to become commoditized and the company had received numerous acquisition offers at the height of its success, with the internet bust happening soon thereafter.
ChapterTo Persist or Abandon: When to Make the Decision
Episode#254: When to Quit - Lessons from World-Class Entrepreneurs, Investors, Authors, and More
PodcastThe Tim Ferriss Show
In determining whether to abandon a project, having a clear vision of the future is essential.
24:48 - 27:20 (02:31)
Summary
In determining whether to abandon a project, having a clear vision of the future is essential. Feedback and the ability to deliver value to an audience are also important factors to consider.
ChapterTo Persist or Abandon: When to Make the Decision
Episode#254: When to Quit - Lessons from World-Class Entrepreneurs, Investors, Authors, and More
PodcastThe Tim Ferriss Show
Co-hosts of the successful podcast "Question of the Day," Stephen Dubner and James Altucher, decided to end the show after 177 episodes despite its profitability, as they noticed its number of downloads was not increasing, and it consumed creative effort from their other projects.
27:20 - 29:35 (02:14)
Summary
Co-hosts of the successful podcast "Question of the Day," Stephen Dubner and James Altucher, decided to end the show after 177 episodes despite its profitability, as they noticed its number of downloads was not increasing, and it consumed creative effort from their other projects.
ChapterTo Persist or Abandon: When to Make the Decision
Episode#254: When to Quit - Lessons from World-Class Entrepreneurs, Investors, Authors, and More
PodcastThe Tim Ferriss Show
Even when it feels like progress has stalled, persisting in learning and improving can yield significant rewards in areas such as business, writing, and even sports.
29:35 - 32:12 (02:36)
Summary
Even when it feels like progress has stalled, persisting in learning and improving can yield significant rewards in areas such as business, writing, and even sports. However, it's important to objectively assess when to abandon an idea or venture that simply isn't working.