Struggling to Scale? Discover How Letting Go Can Lead To Growth
Steve Goranson, MBA
★ Coaching Business Owners & Executives to Work Smarter, Not Harder to Enjoy More Life ★ Create a Business that Works without You ★ Executive Coach ★ Team Development & Engagement Specialist ★ Public Speaker ★
As a business owner, scaling your business can feel like climbing a mountain—every step upward seems harder, heavier, and more uncertain. But what if the real solution isn’t about pushing harder, but rather letting go?
Sometimes, the key to moving forward is knowing when to quit. Whether it’s an underperforming product, a struggling team member, or an outdated strategy, letting go of what isn’t working can free you to focus on what truly drives growth.?
Here’s how to recognize when it’s time to quit and why it’s one of the smartest moves you can make for your business.
The Hidden Barrier to Growth: Sunk Cost Bias
We’ve all been there: sticking with something because we’ve already invested so much in it—time, money, and energy. This is called sunk cost bias, and it’s a trap many business owners fall into.
Instead of focusing on what’s best for the future, we cling to what we’ve already put into the past. We tell ourselves:
But here’s the truth: holding on to what’s not working doesn’t recover your investment—it only increases your losses.
What Happens If You Don’t Let Go?
Refusing to quit when something isn’t working comes with real costs. Consider these potential consequences:
Why Letting Go Is a Power Move
Letting go isn’t about admitting defeat—it’s about being strategic. When you free yourself from what isn’t working, you open the door to better opportunities.?
Here’s what happens when you quit smartly:
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A Real-Life Example
One of my clients had a team member who just wasn’t the right fit. They’d invested time and money into training and recruitment, and the idea of letting this person go felt like admitting failure. But the underperformance was dragging the whole team down.
Eventually, my client made the tough call to let the employee go. The result??
The team’s productivity soared, the former employee found a better-suited role elsewhere, and the business saved countless hours and dollars by hiring the right person for the job.
Sometimes, letting go is the kindest and smartest decision for everyone involved.
How to Know When It’s Time to Let Go
Not sure if it’s time to make a change? Start with these three steps:
A Fresh Start Leads to New Growth
Saying goodbye to an old strategy or idea is never easy. But remember: every “no” to what’s holding you back is a “yes” to what can move you forward.
So, where in your business are you holding on to something that’s not working? Is it a product, a team member, or even a market strategy? Take a moment to reflect—and if you need help making the tough call, click the link below to schedule a free strategy session.
Ready to Grow? Let’s Talk!
If you’re struggling with knowing when to quit or how to pivot, schedule your free strategy session today to discuss how you can let go to grow in your business. Don’t stay stuck—take the first step toward unlocking your potential.
The sooner you let go, the sooner you grow. Let’s take that step together!