The Dip: A Little Book That Teaches You When to Quit (and When to Stick)
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5%
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Sometimes we get discouraged and turn to inspirational writing, like stuff from Vince Lombardi: “Quitters never win and winners never quit.” Bad advice. Winners quit all the time. They just quit the right stuff at the right time.
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Most people quit. They just don’t quit successfully.
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Extraordinary benefits also accrue to the tiny majority with the guts to quit early and refocus their efforts on something new.
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So if I’m looking for a freelance copy editor, I want the best copy editor in English, who’s available, who can find a way to work with me at a price I can afford. That’s my best in the world.
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Best is subjective. I (the consumer) get to decide, not you. World is selfish. It’s my definition, not yours. It’s the world I define, based on my convenience or my preferences. Be the best in my world and you have me, at a premium, right now.
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Just about everything you learned in school about life is wrong, but the wrongest thing might very well be this: Being well rounded is the secret to success.
21%
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Twenty years ago, I read a book that changed my life. It was called The Magic of Thinking Big. I actually don’t remember anything about the book at all. What I do remember is that in one quick moment, it changed the way I thought about success.
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Strategic quitting is the secret of successful organizations. Reactive quitting and serial quitting are the bane of those that strive (and fail) to get what they want. And most people do just that. They quit when it’s painful and stick when they can’t be bothered to quit.
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It’s easy to be a CEO. What’s hard is getting there.
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The Dip creates scarcity; scarcity creates value.
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The Cul-de-Sac and the Cliff Are the Curves That Lead to Failure If you find yourself facing either of these two curves, you need to quit. Not soon, but right now. The biggest obstacle to success in life, as far as I can tell, is our inability to quit these curves soon enough.
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a competitive world, adversity is your ally. The harder it gets, the better chance you have of insulating yourself from the competition. If that adversity also causes you to quit, though, it’s all for nothing.
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And yet the real success goes to those who obsess. The focus that leads you through the Dip to the other side is rewarded by a marketplace in search of the best in the world. A woodpecker can tap twenty times on a thousand trees and get nowhere, but stay busy. Or he can tap twenty-thousand times on one tree and get dinner.
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Simple: If you can’t make it through the Dip, don’t start. If you can embrace that simple rule, you’ll be a lot choosier about which journeys you start.
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If you want to be a superstar, then you need to find a field with a steep Dip—a barrier between those who try and those who succeed.
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The Dip is actually your greatest ally because it makes the project worthwhile (and keeps others from competing with you).
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Not only do you need to find a Dip that you can conquer but you also need to quit all the Cul-de-Sacs that you’re currently idling your way through. You must quit the projects and investments and endeavors that don’t offer you the same opportunity. It’s difficult, but it’s vitally important.
45%
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Whatever you do for a living, or for fun, it’s probably somehow based on a system that’s based on quitting. Quitting creates scarcity; scarcity creates value.
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EDUCATION DIP—A career gets started as soon as you leave school. But the Dip often hits when it’s time to go learn something new, to reinvent or rebuild your skills. A doctor who sacrifices a year of her life for a specialty reaps the rewards for decades afterward.
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The next time you catch yourself being average when you feel like quitting, realize that you have only two good choices: Quit or be exceptional. Average is for losers.
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When the pain gets so bad that you’re ready to quit, you’ve set yourself up as someone with nothing to lose. And someone with nothing to lose has quite a bit of power. You can go for broke. Challenge authority. Attempt unattempted alternatives. Lean into a problem; lean so far that you might just lean right through it.
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Short-term pain has more impact on most people than long-term benefits do, which is why it’s so important for you to amplify the long-term benefits of not quitting. You need to remind yourself of life at the other end of the Dip because it’s easier to overcome the pain of yet another unsuccessful cold call if the reality of a successful sales career is more concrete.
70%
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Winners understand that taking that pain now prevents a lot more pain later.
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It’s okay to quit, sometimes. In fact, it’s okay to quit often. You should quit if you’re on a dead-end path. You should quit if you’re facing a Cliff. You should quit if the project you’re working on has a Dip that isn’t worth the reward at the end. Quitting the projects that don’t go anywhere is essential if you want to stick out the right ones. You don’t have the time or the passion or the resources to be the best in the world at both.
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Getting off a Cul-de-Sac is not a moral failing. It’s just smart. Seeing a Cliff coming far in advance isn’t a sign of weakness. Instead, it represents real insight and bravery. It frees up your energy for the Dip.
75%
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If he leaves and joins another company, he gets to reinvent himself.
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Quitting is better than coping because quitting frees you up to excel at something else.
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“Never quit something with great long-term potential just because you can’t deal with the stress of the moment.”
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Best-selling author Michael Crichton quit as he was on his way to a career at the top of his profession. When he gave up medicine, Crichton had already graduated from Harvard Medical School and done a postdoctoral fellowship study at the Salk Institute for Biological Studies, guaranteeing him a lucrative career as a doctor or as a researcher. He traded it for the unpredictable life of an author. Crichton had no stomach for cutting people open, and he decided he didn’t relish the future a medical career would bring him, regardless of how successful he might become at it. So he quit. Crichton ...more
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Quitting a job is not quitting your quest to make a living or a difference or an impact. Quitting a job doesn’t have to mean giving up. A job is just a tactic, a way to get to what you really want. As soon as your job hits a dead end, it makes sense to quit and take your quest to a bigger marketplace—because every day you wait puts your goal further away.
87%
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Write down under what circumstances you’re willing to quit. And when. And then stick with it.
94%
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Are you avoiding the remarkable as a way of quitting without quitting?
96%
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This book is really short. Short books are hard to write, but you made me do it. My readers are excellent correspondents, and this is something I’ve learned from them along the way: Write less.
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All our successes are the same. All our failures, too. We succeed when we do something remarkable. We fail when we give up too soon. We succeed when we are the best in the world at what we do. We fail when we get distracted by tasks we don’t have the guts to quit.