Knowing when to cut the cord; It happens in business, sports, parenting, and anything else that involves leadership. Once you start going down the road of hope versus certainty, you must be willing to get out.
I see it with deals that I work on and I see it with relationships that people are in. Once they start hoping that that person will come back to them or that deal may close if we do this. At that point, it's too late. You have to be proactive beforehand versus worrying about it after the fact; it should have been done six months ago.
The most important decisions a leader can make is timing and understanding when to get out. Because you don't want to be the person who always "buys high, sells low". You want to be the person who "buys low and sells high". You don't want to be on the downward trajectory. You want to be on the upward trajectory.~ Ken
Ken, that is a great "Once you start going down the road of hope versus certainty, you must be willing to get out." Well done.