Peter how do you know when it’s time to quit your business and start something
quit your business and start something
quit your business and start something else would quitting be a sign of defeat
else would quitting be a sign of defeat
else would quitting be a sign of defeat people used to say we want to go and
people used to say we want to go and
people used to say we want to go and probably used to fail and the kind of
probably used to fail and the kind of
probably used to fail and the kind of that tremendous tenacity and
that tremendous tenacity and
that tremendous tenacity and perseverance to overcome adversity yeah
perseverance to overcome adversity yeah
perseverance to overcome adversity yeah i think you know reality is if it’s a in
i think you know reality is if it’s a in
i think you know reality is if it’s a in the end you gotta work it’s a dumb idea
the end you gotta work it’s a dumb idea
the end you gotta work it’s a dumb idea there’s no value for the customers or
there’s no value for the customers or
there’s no value for the customers or the market then it’s really important to
the market then it’s really important to
the market then it’s really important to say actually stop that idea but the
say actually stop that idea but the
say actually stop that idea but the experiences of games will pound me into
experiences of games will pound me into
experiences of games will pound me into a different idea of where my passion is
a different idea of where my passion is
a different idea of where my passion is I’m actually an angel investor in two
I’m actually an angel investor in two
I’m actually an angel investor in two businesses where they have brilliant
businesses where they have brilliant
businesses where they have brilliant ideas for the market just changed
ideas for the market just changed
ideas for the market just changed against him and they actually are
against him and they actually are
against him and they actually are fantastic you know startup management
fantastic you know startup management
fantastic you know startup management team loads of innovation in the business
team loads of innovation in the business
team loads of innovation in the business but the market just wasn’t there but
but the market just wasn’t there but
but the market just wasn’t there but having said that the third time that
having said that the third time that
having said that the third time that then she went and became successful
then she went and became successful
then she went and became successful refocus in their ideas on a new market
refocus in their ideas on a new market
refocus in their ideas on a new market they were passionate about they’ve had
they were passionate about they’ve had
they were passionate about they’ve had success so I kind of think there’s two
success so I kind of think there’s two
success so I kind of think there’s two things one is kind of pursue when you
things one is kind of pursue when you
things one is kind of pursue when you determine you’re going to quit the best
determine you’re going to quit the best
determine you’re going to quit the best way to validate that is unless socially
way to validate that is unless socially
way to validate that is unless socially or directly to consumers talk to the
or directly to consumers talk to the
or directly to consumers talk to the customers to try to set if they say it’s
customers to try to set if they say it’s
customers to try to set if they say it’s a crazy idea and there’s nobody or it
a crazy idea and there’s nobody or it
a crazy idea and there’s nobody or it might be too early to the market loads
might be too early to the market loads
might be too early to the market loads of ideas are too early for the market
of ideas are too early for the market
of ideas are too early for the market and then all ready for prime time um
and then all ready for prime time um
and then all ready for prime time um then kind of pause due course correction
then kind of pause due course correction
then kind of pause due course correction determine where you can move get back to
determine where you can move get back to
determine where you can move get back to your passion and come up with an idea
your passion and come up with an idea
your passion and come up with an idea it’s going to work I guess my curve
it’s going to work I guess my curve
it’s going to work I guess my curve balance would be up in your business
balance would be up in your business
balance would be up in your business then it’s time to move on and that may
then it’s time to move on and that may
then it’s time to move on and that may not be quitting the business I could be
not be quitting the business I could be
not be quitting the business I could be selling the business to this loads of
selling the business to this loads of
selling the business to this loads of entrepreneurs who build it up their
entrepreneurs who build it up their
entrepreneurs who build it up their company to a certain size and then they
company to a certain size and then they
company to a certain size and then they get bored and then they start looking
get bored and then they start looking
get bored and then they start looking for other things to do whether it’s
for other things to do whether it’s
for other things to do whether it’s invest in a new companies to start if
invest in a new companies to start if
invest in a new companies to start if you know when that happens your current
you know when that happens your current
you know when that happens your current business just kind of stagnates because
business just kind of stagnates because
business just kind of stagnates because you’re not pulling the love energy
you’re not pulling the love energy
you’re not pulling the love energy passionate you were pouring in before
passionate you were pouring in before
passionate you were pouring in before and so the answer for me is if you lose
and so the answer for me is if you lose
and so the answer for me is if you lose the
the
the fire it’s time to move on if it’s at the
fire it’s time to move on if it’s at the
fire it’s time to move on if it’s at the point where you can sell it to somebody
point where you can sell it to somebody
point where you can sell it to somebody else great do that and make do something
else great do that and make do something
else great do that and make do something that makes you come alive again and it’s
that makes you come alive again and it’s
that makes you come alive again and it’s at the point where it’s not something
at the point where it’s not something
at the point where it’s not something that anybody would want to take on
that anybody would want to take on
that anybody would want to take on because it’s to embryonic and the market
because it’s to embryonic and the market
because it’s to embryonic and the market wasn’t there you couldn’t get customers
wasn’t there you couldn’t get customers
wasn’t there you couldn’t get customers then close it down and go do something
then close it down and go do something
then close it down and go do something else and there’s there’s lots of
else and there’s there’s lots of
else and there’s there’s lots of failures that you’ll have along the path
failures that you’ll have along the path
failures that you’ll have along the path failure isn’t the enemy the enemy is
failure isn’t the enemy the enemy is
failure isn’t the enemy the enemy is keeping on doing something because you
keeping on doing something because you
keeping on doing something because you feel you should but you don’t have
feel you should but you don’t have
feel you should but you don’t have passion for it you’re never going to be
passion for it you’re never going to be
passion for it you’re never going to be able to build anything great if you
able to build anything great if you
able to build anything great if you don’t have that energy and excitement
don’t have that energy and excitement
don’t have that energy and excitement that week separately morally go and pour
that week separately morally go and pour
that week separately morally go and pour into your company
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