GIVING UP is the shortest of all short cuts BUT, no pun intended, GIVING UP is NOT always the sure cut to fix a challenge OR a problem. On the other hand, psychologists always underscored that, generally, human decisions are correct and good enough. As such, once we determine that leaving OR GIVING UP a situation is in your own best interest, you can then view your ability to recognize WHEN it's time to quit and NOT as a weakness. Accepting a harsh reality that you CAN'T control everything is another pragmatic approach cutting our losses OR reducing the damage that may be inevitable to happen OR hit us anyways๐๐๐
No question about one's perseverance as it is one of the most admirable qualities we can have as persistence and determination are key for us to be reaching our goals and eventually achieving success [especially WHEN we are like swimming against the tide, facing stiffer challenges head-on]. And although meeting and achieving the goals we earlier set may seem like the only option, the real truth is that in certain circumstances, GIVING UP is sometimes a viable option to take๐ฅ๐ฅ๐ฅ
True, GIVING UP is a damn hard concept to accept, since giving up is often equated with failure. Having said that, knowing WHEN to walk away is more than just a skill worth developing and even embedding within us. The more difficult question is HOW do we change our perspective on leaving a specific endeavor OR pursuit behind and moving forward instead???
In the simplest practical terms, once we can confirm that we are skidding OR things are 'GOING SOUTH', let's pull the brakes for us to deeply reassess the situation, specifically comparing the costs, LIKE WHAT it has already cost you and WHAT it will likely cost you more in the future if you persist and DON'T GIVE UP. All too often, we tend to continue pursuing our goal that is NOT obtainable OR seek to improve a situation that will NOT improve because of a concept called 'SUNK COST' fallacy and that is a decision-making bias tat causes us to spend more time, effort and even monies on an activity simply because we already invest so much in it❌❌❌
Our takeaway: Our chronic dilemma in decision-makings WHEN we hit rough patches is that 'SUNK COST' fallacy WHEREIN WHEN the stakes are high enough and we have poured so much time, effort and resources, we tend to remind ourselves that there's NO GIVING UP because of all the 'SUNK COSTs' to date. BUT to simplify things, if your 'SUNK COSTs' now has a ballpark of US$1 million and if persisting on that losing proposition, you will rack up losses breaching US$10 million, think about it. GIVING UP may be the most pragmatic decision you can ever make for you to STOP THE BLEEDING. Note that GIVING UP does NOT mean that you're a quitter, a weakling๐๐๐