Knowing When to Fold ‘Em

In May I wrote a post about going back to your original plan. For this post, I want to talk about knowing when to let your plan die and move on to another plan.

The art of knowing when to fold ’em is not an easy art. Sometimes we mistake struggle or resistance as a sign that we should stop going down the path. You can’t completely escape struggles or resistance to your plan. There are too many variables to contend with such as other people, changing environments, and the economy to say it’ll be smooth sailing. That being said if you find yourself struggling to the point that you’re making zero progress it’s time to evaluate your path. Struggle and minor setbacks are one thing, but overall progress is the main goal.

Too often we believe in the idea that as long as we work hard progress will be made. Accomplishments don’t come from working hard, but a combination of working harder and smarter than what you have done. If you’re fighting tooth and nail for something you thought was your passion and aren’t progressing and even regressing you need to reevaluate your plan.

Sometimes it’s just about the willingness to let go of our original plans. This is especially true if you have invested a lot of money and time into this thing that isn’t reaping any benefit for you. It can be hard to let go of something when you put so much of yourself into it. But you have to let go for your own sake. You’re letting yourself be dragged down and keeping yourself from moving on to better prospects.

So, how do we know when to fold’em and know when it’s just doubt clouding our judgment? I have a few suggestions:

  • Ask for a second opinion. Sometimes an outside point of view can give us a better insight concerning the situation.
  • Calculate how much time and money you spent on this path and compare it to others. Granted, there’s no set timeline, but if you find yourself spending way too much money and time compared to others, it’s time to leave it behind.
  • Write a list of pros and cons for sticking with this path. If you have more cons than pros, time for a new plan.

It can feel like a game of poker figuring out whether your path is worth it or not. Remember that you don’t have to figure it out alone. If you have any suggestions for knowing when to move on leave a comment.