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The 5 Signs That Tell You It's Time To Quit & Move On

by Martin Dasko & Sahil Mulla | DYEH Podcast

quit_poker_chipsBusiness is like poker, and sometimes it might be smarter to cash your chips in and move on.

In today’s episode we talk about the 5 indicators to look for which tell you it’s time to move on with your life and spend your energy on more worthwhile projects.

A Quick Look At The 5 Indicators

  1. When you’re seeing no results – Been working out for 3 months and see no progress? Something’s wrong!
  2. When key metrics aren’t performing – Your site is getting traffic, but no sales? Writing tonnes of content but people are not sharing and leaving your site? You might be finding comfort in the wrong metrics.
  3. Your life is falling apart – people can see it clearly, but you can’t. Stop being so emotional with your business
  4. Critique from smarter people  – Shark tank is a great example of when businesses are told to cut losses and move on
  5. When you can’t become the best and seriously lack talent – You might want to become a UFC fighter, and train your ass off, but if you have a glass jaw then  you need to find another career.

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Episode Shownotes

  • 0:00 – 2:30: Sahil & Martin talk about the 5 signs to look for and why sometimes quitting could be the smart option.
  • 2:35 – The first sign is when you see no results. Also, we talk about the type of results you need to pay attention to, and audit.
  • 4:25 – Martin talks about the blog that he started which failed and what he did about it to pivot and turn the content into something more productive.

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  • 6:00 – Sahil talks about the launch of the Hustler’s Success Kit, what’s inside it, and the fact that it’s available for download RIGHT NOW!
  • 7:00 – Martin talks about the tangible feedback.
  • 7:25 – Sahil talks about which metrics to look for, and why you shouldn’t waste your time on the unimportant ones by sharing a story about when he tried to help someone improve their website.
  • 8:50 – Obviously sales is a good key metric to look at, but when you having nothing to sell, Sahil & Martin talk about the second best metric to look for. Can you guess what it is?
  • 10:10 – The importance of popups and their conversion rates
  • 10:20 – Why keeping an eye on your “rate of change” can give you a view into your future and where your site is headed.
  • 11:00 – Martin talks about his eBook launch and why it failed. He noticed where the “leak” in his funnel was and fixed it. This tip alone can save you thousands in sales.
  • 13:25 – Martin talks about the next sign of when you should quit: When your life is falling apart.
  • 15:00 – Sahil talks about why it’s important to treat your business as a dating partner and not your child. This is a very key and distinct point you need to pay attention to
  • 15:15 – The fourth sign to look for: Find an expert in your field. Sahil talks about how to get them to give you their time in order to help your business grow
  • 18:00 – Martin talks about what to do when you can’t become the best. Obviously it’s hard to become the best UFC fighter, but you CAN get good enough to be in the company and get fights. It’s more about reaching that top 1%.
  • 18:48 – What you should do AFTER you launch your business
  • 23:40 – Our very first commercial break ever! You should definitely tune in just for this 🙂
  • 24:37 – And we’re back! Martin talks about when quitting DOES NOT make sense. If you’ve ever wondered whether you should “hang in there” then listen to this
  • 27:45 – The longterm goal for DYEH and why we are predicting losses for the first little while. This shows you guys our business mentality in action and how we run things.
  • That’s all for now, tune in next time. And be sure to check out Episode 16 with best selling author Jon Goodman!

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