It’s tough to know when to give up as a leader. All eyes are on you, especially during challenging and stressful situations. Here are 3 guidelines you can use when deciding the appropriate time to give up.
Give Up Quickly
If things aren’t going well with an employee, project, or any type of initiative, the goal is to figure this out as soon as possible. In order to know as quickly as possible, you should have the appropriate expectations or data to point to that is separate from your intuition.
Although most leaders can sense when things aren’t going well, it’s always good to have validation and that validation should be in the form of factual information.
For instance, if you hired a new employee and you feel like they’re not working out, you should also be able to point to why. What is their job description and what are your expectations? Has this information been clearly communicated to the new employee and have you coached them through challenges?
What about the products or services that you’re providing? Are you gathering data that will help you see what exactly is going on?
Giving up quickly makes the most sense when you are able to see with both intuition and facts that whatever is going on will not succeed. The sooner you can find this out, the better because the longer it’s prolonged, the more damage it will cause both to your wallet and emotions.
Just because something isn’t going exactly how you thought it would, doesn’t mean it’s worth giving up. There are numerous ways to accomplish things and it’s up to you, as a leader, to figure that out.
This is why expectations and data are so important.
If things aren’t going as planned, look at your data and determine exactly where the failure is taking place. Change a price-point, modify your target audience, or conduct A/B testing to see what will work best for your business situation.
If it’s an employee or a team member, identify where things are going wrong, point to an expectation, and coach them through the challenge. Because the expectation has been communicated, there should be no question what needs to be worked on.
Don’t Give Up At All
When thinking about giving up at a high level, this really isn’t an option as a leader. It’s up to you to find a new solution, make adjustments, and find what it will take to help push through challenges. Just because you are facing challenges or things are hard, doesn’t mean the answer is to give it all away.
For Inspiration: Listen to Joy Hoover discuss how she pushes through challenges