It's been a while since I wrote something... been having other things on my mind and I keep forgetting what i wanted to write about anyway...
As i was talking the other day with the FI group, we talked about failing fast. We were discussing it on the context of starting our own company and knowing when it is time to pull the plug. It's not about failing but to know when is not the time to push things through.
I think this is quite relevant in our daily lives covering everything from fixing the leaking pipe to the light bulbs and to some extent, even our relationships. We must know when it is time to pull the plug and call for help! We can't do everything alone and even if we can, it probably is not good for our mental health.
Many times in our lives, we will always try to make things work out. We will work harder to complete projects, burning the midnight oil just because we have to. We will tolerate behavior from our colleagues that is detrimental to ourselves and yet we persevere because we are afraid of what may happen. End of the day, we have to learn to let go when the time comes. To fail fast.
A case in point we were discussing the other day were some start ups that have been around for 2-3 years but nothing major has materialized out of it. The idea when it was founded a few years ago was great but with the world and technology evolving at such a rapid pace, it has now become an OK idea. So is it time to fail? It will always depend on the founder and how much emotional attachment he/she has on the project. And also how much money the person has.
End of the day, we need to know when it is time to move on. When to look at other things and when to push to complete things. It is a choice we have to learn for ourselves...
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Techie tuned entrepreneur... wonder how the journey will be like and will I be able to succeed?