The Dip: A Little Book That Teaches You When to Quit (and When to Stick)
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Winners quit all the time. They just quit the right stuff at the right time.
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If you learn about the systems that have been put in place that encourage quitting, you’ll be more likely to beat them. And once you understand the common sinkhole that trips up so many people (I call it the Dip), you’ll be one step closer to getting through it.
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Quit the wrong stuff. Stick with the right stuff. Have the guts to do one or the other.
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In order to get as far as she’s gotten, she’s quit countless other pursuits. You really can’t try to do everything, especially if you intend to be the best in the world.
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With limited time or opportunity to experiment, we intentionally narrow our choices to those at the top.
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Scarcity makes being at the top worth something.
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If your micromarket is “organic markets in Tulsa,” then that’s your world. And being the best in that world is the place to be. Best is subjective. I (the consumer) get to decide, not you. World is selfish.
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But if you’re sold on being the best, but you’ve been frustrated in the route you’re taking to get there, then you need to start doing some quitting.
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In fact, the people who are the best in the world specialize at getting really good at the questions they don’t know. The people who skip the hard questions are in the majority, but they are not in demand.
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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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The Dip is the long slog between starting and mastery. A long slog that’s actually a shortcut, because it gets you where you want to go faster than any other path.
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Academia doesn’t want too many unmotivated people to attempt medical school, so they set up a screen. Organic chemistry is the killer class, the screen that separates the doctors from the psychologists. If you can’t handle organic chemistry, well, then, you can’t go to med school.
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It’s easy to be a CEO. What’s hard is getting there. There’s a huge Dip along the way. If it was easy, there’d be too many people vying for the job and the CEOs couldn’t get paid as much, could they? Scarcity, as we’ve seen, is the secret to value. If there wasn’t a Dip, there’d be no scarcity.
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IMPORTANT NOTE: Successful people don’t just ride out the Dip. They don’t just buckle down and survive it. No, they lean into the Dip. They push harder, changing the rules as they go. Just because you know you’re in the Dip doesn’t mean you have to live happily with it. Dips don’t last quite as long when you whittle at them.
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That’s it. Two big curves (a bonus, the Cliff, follows). Stick with the Dips that are likely to pan out, and quit the Cul-de-Sacs to focus your resources. That’s it.
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smoking is a marketer’s dream come true. Because smoking is designed to be almost impossible to quit, the longer you do it, the better it feels to continue smoking. The pain of quitting just gets bigger and bigger over time. I call this curve a Cliff—it’s a situation where you can’t quit until you fall off, and the whole thing falls apart.
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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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When it comes right down to it, right down to the hard decisions, are you quitting any project that isn’t a Dip? Or is it just easier not to rock the boat, to hang in there, to avoid the short-term hassle of changing paths? What’s the point of sticking it out if you’re not going to get the benefits of being the best in the world? Are you overinvesting (really significantly overinvesting) time and money so that you have a much greater chance of dominating a market? And if you don’t have enough time and money, do you have the guts to pick a different, smaller market to conquer? Once you’re doing ...more
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The people who set out to make it through the Dip—the people who invest the time and the energy and the effort to power through the Dip—those are the ones who become the best in the world.
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A few people will choose to do the brave thing and end up the best in the world. Informed people will probably choose to do the mature thing and save their resources for a project they’re truly passionate about. Both are fine choices. It’s the last choice, the common choice, the choice to give it a shot and then quit that you must avoid if you want to succeed.
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In 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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When Jack Welch remade GE, the most fabled decision he made was this: If we can’t be #1 or #2 in an industry, we must get out.
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Jack quit the dead ends. By doing so, he freed resources to get his other businesses through the Dip.
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The fact that it’s difficult and unpredictable works to your advantage. Because if it were any other way, there’d be no profit in it. The reason people bother to go windsurfing is that the challenge makes it interesting. The driving force that gets people to pay a specialist is that their disease is unpredictable or hard to diagnose. The reason we’re here is to solve the hard problems.
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If I could offer just one piece of inspiration, it’s this: The Dip is the reason you’re here. Whether you’re lifting weights or negotiating a sale or applying for a job or lunging for a tennis ball, you’ve made a huge investment. You’ve invested time and money and effort to get to this moment. You’ve acquired the equipment and the education and the reputation…all so you can confront this Dip, right now. The Dip is the reason you’re here.
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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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People who train successfully pay their dues for the first minute or two and then get all the benefits at the very end. Unsuccessful trainers pay exactly the same dues but stop a few seconds too early.
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The challenge is simple: Quitting when you hit the Dip is a bad idea. If the journey you started was worth doing, then quitting when you hit the Dip just wastes the time you’ve already invested. Quit in the Dip often enough and you’ll find yourself becoming a serial quitter, starting many things but accomplishing little. 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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enough. 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.
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When faced with the Dip, most people suck it up and try to average their way to success. Which is precisely why so few people end up as the best in the world.
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Quit or be exceptional. Average is for losers.
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The Dip is flexible. It responds to the effort you put into it. In fact, it’s quite likely (in almost every case) that aggressive action on your part can make the Dip a lot worse. Or a lot better.
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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.
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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
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insight and bravery. It frees up your energy for the Dip.
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The time to look for a new job is when you don’t need one. The time to switch jobs is before it feels comfortable. Go. Switch. Challenge yourself; get yourself a raise and a promotion. You owe it to your career and your skills. If your job is a Cul-de-Sac, you have to quit or accept the fact that your career is over.
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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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Quitting when you’re panicked is dangerous and expensive. The best quitters, as we’ve seen, are the ones who decide in advance when they’re going to quit. You can always quit later—so wait until you’re done panicking to decide.
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When the pressure is greatest to compromise, to drop out, or to settle, your desire to quit should be at its lowest. The decision to quit is often made in the moment. But that’s exactly the wrong time to make such a critical decision. The reason so many of us quit in the Dip is that without a compass or a plan, the easiest thing to do is to give up. While that might be the easiest path, it’s also the least successful one.
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Here’s a quote from ultramarathoner Dick Collins: Decide before the race the conditions that will cause you to stop and drop out.
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You don’t want to be out there saying, “Well gee, my leg hurts, I’m a little dehydrated, I’m sleepy, I’m tired, and it’s cold and windy.” And talk yourself into quitting. If you are making a decision based on how you feel at that moment, you will probably make the wrong decision.
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If quitting in the face of the Dip is a bad idea, then quitting when you’re facing a Cul-de-Sac is a great idea. The hard part is having the perspective to
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see this when you’re in pain, or frustrated, or stuck. That’s why setting your limits before you start is so powerful.
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Consider the bicycle tire. The first ten pounds of pressure you put into a completely flat tire do no good at all. And adding ten extra pounds to a full tire will burst the tire, defeating the entire purpose of your effort. No, it’s just the last ten pounds, the ones that get it to full that really pay off. When it’s down five or ten pounds, it might as well be flat. A 10-percent change in pressure makes it defective. If it’s up five or ten pounds, though, the entire wheel is threatened with a blowout. Obviously, it’s the pressure right around full that has the most impact.
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Figure out how much pressure you’ve got available, then pick your tire. Not too big, not too small.
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The lesson is simple: If you’ve got as much as you’ve got, use it. Use it to become the best in the world, to change the game, to set the agenda for everyone else. You can only do that by marshaling all of your resources to get through the biggest possible Dip. In order to get through that Dip, you’ll need to quit everything else. If it’s not going to put a dent in the world, quit. Right now. Quit and use that void to find the energy to assault the Dip that matters. Go ahead, make something happen. We’re waiting!
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If it scares you, it might be a good thing to try.