Small Business Focus

When to stop throwing good money after bad

Steve Jobs said that most businesses fail because people eventually give up. It’s not about giving up. It’s about doing things differently.

Pavlo Phitids, Aurik Business Accelerator

Build leanly… take many, many small steps… you can change direction quickly…

Pavlo Phitids, Aurik Business Accelerator

Find someone who can take you for a ‘desert drive’… You can’t get out, you have to listen… Find someone you respect, and who will let you get angry without taking it personally…

Pavlo Phitids, Aurik Business Accelerator

Many entrepreneurs get attached to dreams and pour their most value resource – time – into it.

So said small business guru Pavlo Phitidis on Bruce Whitfield’s The Money Show.

  • How do you know if you are going down a cul-de-sac?

  • How do you get out of one?

  • How do you find the courage to move on?

For more detail; listen to the interview in the audio below (and/or scroll down for more quotes from it).

It’s not only happening in Government. I see it frequently with entrepreneurs.

Pavlo Phitids, Aurik Business Accelerator

There’s a very big difference between persistence, and bashing your head…

Pavlo Phitids, Aurik Business Accelerator

…simply change tack a little bit, but don’t do the same thing again and again…”

Pavlo Phitids, Aurik Business Accelerator

As corny as it sounds – keep a journal!

Pavlo Phitids, Aurik Business Accelerator

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This article first appeared on 702 : When to stop throwing good money after bad


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