Everyone can fall into the trap of the Sunk Cost Fallacy. Today we define what this is, and we talk about how to walk away in strength if a situation is no longer serving you.
Show Notes:
[09:54] #1 Just because you’ve invested time and money on something doesn’t mean you have to continue investing your resources on it, even if it doesn’t work.
[18:20] #2 Competing or finishing something that’s not helping you will not make it start helping you.
[21:21] #3 The most successful people implement fast and have a method of measuring the results of their work, make decisions fast and have a quick trigger to push the delete button.
[25:19] Recap
Episodes Mentioned:
1662: When To Walk Away In Strength https://dreallday.com/1662-
2133: Implementation Over Invention https://dreallday.com/2133-
1560: Relentless Implementation https://dreallday.com/1560-
1445: Why You Need To Implement With Speed https://dreallday.com/1445-
1392: Fast Implementation: A REQUIREMENT https://dreallday.com/1392-
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