QUITTING made me MILLIONS! - How to QUIT your way to success!!! | Summary and Q&A

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August 4, 2021
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Simon Squibb
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QUITTING made me MILLIONS! - How to QUIT your way to success!!!

TL;DR

Quitting can be a good thing, whether it's quitting a job or quitting your own business, as it can lead to greater success and personal growth.

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Key Insights

  • 👨‍💼 Quitting a job can be advantageous if done strategically, such as discussing a business idea with your boss or planning your exit to build reserves and networks.
  • 🕴️ Quitting your own business can lead to success by bringing in someone better suited for the growth stage or pursuing new opportunities.
  • 👨‍💼 Recognizing when to quit is crucial for personal and professional development. Continuing to push through when a business is failing or getting complacent in a successful business can hinder growth.
  • 🤪 Quitting should be a thoughtful decision, not driven by ego or fear, but with a focus on personal growth and finding the right path forward.
  • 🦟 Taking breaks from things can be helpful, but sustained quitting without follow-through may hinder progress.
  • ❓ Learning from failure and embracing it as part of the entrepreneurial journey is important for future success.
  • 🦟 Seeking advice from those who have successfully quit and moved on can provide valuable insights and guidance.

Transcript

Hi everybody! Simon Squibb here. Today I want to  dispel a myth that quitting is bad quitting - it's   not bad - it's a good thing! If people tell you  not to quit perhaps they don't understand the   power of quitting now i think it's very important  for you to watch this video to the end because   the concept of quitting is quite nuanced and if  y... Read More

Questions & Answers

Q: How can quitting a job lead to success?

Quitting a job can lead to success if you approach it strategically. You can discuss your business idea with your boss, potentially receiving support and investment. Alternatively, you can plan your exit, building up cash reserves and a network, or fully commit to starting something new by burning the boats.

Q: Why would someone quit their own business?

There could be various reasons to quit your own business. For example, if you've trapped yourself in a job-like situation and lost sight of your original passion, bringing in someone better suited for growth can be beneficial. Additionally, if your successful business has made you complacent, quitting can open doors for new opportunities and personal growth.

Q: When is it time to accept that your business is failing and quit?

Accepting that your business is failing can be difficult, but it's important to recognize when it's time to let go. Continuing to pour resources into a failing business out of a fear of failure can hinder your growth and prevent you from finding new opportunities. It's important to learn from failure and move on to something else.

Q: Is sustained quitting or taking breaks from things advisable?

Taking breaks from things can be beneficial for personal growth and avoiding burnout. It allows you to reassess your goals and come back rejuvenated. However, sustained quitting without commitments or follow-through may prevent you from making progress and finding long-term success.

Summary & Key Takeaways

  • Quitting a job: Quitting a job can lead to success if you approach it in the right way, such as discussing your business idea with your boss to potentially receive support and investment, planning your exit to build up cash reserves and a network, or burning the boats and fully committing to starting something new.

  • Quitting your own business: Quitting your own business can also be beneficial, especially if you've trapped yourself in a job-like situation and lost sight of your original passion. It can be a chance to bring in someone better suited for the growth stage or to pursue new opportunities.

  • Recognizing when to quit: It's important to know when to quit, whether your business is failing and it's time to let go, or if your successful business is making you complacent and hindering personal development.

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