"I always get to where I am going by walking away from where I have been." Winnie the Pooh
My daily tips are usually inspired by ground breaking research, successful global leaders or history making change creators. However when I watched 'Christopher Robin' with my 8 year old daughter Bree I felt inspired to quote Pooh.
The movie surprisingly speaks to the world so many business leaders get caught up in.
A world where 'sunk costs' too often sink our dreams.
We hold on to the past too long and it becomes a weight holding us down from the future. This takes many forms.
An investment that isn't paying dividends but we keep investing in it hoping it will turn around.
An employee that isn't the right fit or is under performing but we don't let them go to avoid issues.
An idea that market testing proves irrelevant but we keep working on it to avoid a sense of failure.
Great leaders know when to double down and when to let go. As Seth Godin says in his book 'The Dip' winners are quitters. They cut their losses allowing them to reallocate their time and energy to the things that do continue to move them forward.