The Dip: The extraordinary benefits of knowing when to quit (and when to stick)

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Extraordinary benefits accrue to the tiny minority of people who are able to push just a tiny bit longer than most.” Emerging from the dip also implies perseverance. When you start to build a new business, be prepared to struggle for years. Today people wait for new products to be reviewed as high-quality ones before spending their precious money on them. Hence even if you created the most fabulous product, you can be required to spend a very long time in the Dip of getting enough customers. In both cases, it’s about being the best in the world. About getting through the hard stuff and coming out on the other side. 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.” 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. (pgs. 59-60)

The Dip by Seth Godin PDF - Free PDF Books The Dip by Seth Godin PDF - Free PDF Books

Some systems are dependent on dips. Use this knowledge to decide whether to start pursuing something. Seth Godin outlines eight dips with each relevant to a specific field:Actually, quitting as a short-term strategy is a bad idea. Quitting for the long term is an excellent idea.

The Dip: The extraordinary benefits of knowing when to quit

Godin gives motivational and practical advice about the benefits of strategic quitting. He says that “we fail when we get distracted by tasks we don’t have the guts to quit.” He tells how to choose the right tasks to begin, then how to push through obstacles (the Dip) to reach success. The book is short and concise; you can read it in a day. It's not enough to survive through the dip. You get what you deserve when you embrace it and treat it like the opportunity that it really is.

CONCLUSION

The dip is your best friend. The brave thing to do in life is tough out the dips and end up on the other side. On the other side, you will benefit from being the best in the world. As well as being brave, you also have to be smart. Godin suggests the smart thing is to not bother starting tasks that are too difficult. If you do, you will be too ill-equipped to make it through the dip. Several people do what Godin calls the ‘stupid thing’ when encountering the dip. The stupid thing to do is start something and waste time and money into overcoming the dip. Then, quitting right in the middle of the dip. Never quit until you fall off. If your pursuit is worth doing, then it is worth fighting through the dip.

The Dip by Seth Godin: Summary, Notes, and Lessons - Nat Eliason The Dip by Seth Godin: Summary, Notes, and Lessons - Nat Eliason

It’s easy to BE a CEO… what’s hard is GETTING there. There’s a huge dip along the way. If it were easy, there’d be too many people vying for the job, and the CEOs wouldn’t get paid anywhere near as much. Scarcity is the secret to value. If there wasn’t a Dip, there’d be no scarcity. If It’s Worth Doing, There’s Probably A Dip. The Dip creates scarcity, and scarcity creates value. What To Do About Them The thing is, a profession in selling isn't like smoking cigarettes. Neither is making it as a singer or building a long-term relationship with someone you care about. Most of hte time, the other two curves are in force. The Dip and the Cul-de-Sac aren't linear. They don't spoon feed you with little bits of improvement every day. And they're just waiting to trip you up. However, it is extremely important to the individual. You may either be one of the no-hopers in the longer tail, selling one CD every year, or you can work your way up to the short head, where your chances of success are tenfold better. Decide in advance when to quit. Decide before the race the conditions that will cause you to stop and drop out.” CONCLUSION Key Takeaways

Skim through the questions and answer the easiest ones first, skipping ones you don't know immediately." Bad advice. Superstars can't skip the ones they don't know. Most of the time, we deal with the obstacles by persevering. 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. While in school we had to be quite good at many things, in the post-school world it’s better to be excellent at one thing. When looking for an accountant, people don’t care if he can also play the piano. They just want him to provide a great service. Specializing is essential for you to withstand the dips you may face in your life! Lesson 2: Being the best is so much better than just being good. I think the advice-giver meant to say, ‘Never quit something with great long-term potential just because you can’t deal with the stress of the moment.’ Now THAT’S good advice.” Final Thoughts

The Dip Quotes by Seth Godin - Goodreads The Dip Quotes by Seth Godin - Goodreads

the wrongest thing might very well be this: Being well rounded is the secret to success. How often do you look for someone who is actually quite good at the things you don't need her to do? How often do you hope that your accountant is a safe driver and a decent golfer? If we were looking for an editor for our weekly blog posts, then we are looking for the best freelance copy editor who speaks English, who is available to work now and work for a few hours each and every week, and who we can find to work with us at an affordable price. That’s our “best in the world”. If you want a hernia doctor, then your world probably shrinks from anyone you can access over the internet to anyone you can access face to face that can perform the procedure. But then, Godin explains that you reach the Dip. And this Dip occurs during the period between starting, and the period where you’ve truly mastered your new task. It may feel like a really long slog. But Godin explains that this ‘slog’ should be considered more of a shortcut, because essentially it will get you to the destination the fastest. Without the slog, you’ll never reach mastery.Quitting when you hit the dip is a bad idea. If the journey you started was worth doing, quitting now will just waste all the resources you already invested. One of the reasons is to make it harder to break into the field. If we want to do so, we have to push through the Dip to get there. Godin says: firstly: we should have exit plan for our business for example determine the exit time during my job and answer to this questions: in which situation i have to leave my job? The important thing to remember about these seven things is that you can plan for them. You can know BEFORE you start whether or not you will have the resources to get to the end. Most of the time, if you fail to become the best in the world, it’s either because you planned wrong or because you gave up before you reached your goal. If you realise that you DON’T have the resources (the time, the money, the courage, the enthusiasm).