She’s not the only one. But let me not get ahead of myself.
As to Hillary, some say yes, she should quit. Others say no.
Here’s part of the dilemma, writes our friend Seth Godin:
“One of the most important lessons they teach in business school is to ‘ignore sunk costs’. It doesn’t matter how much time or money or effort you’ve invested in something, if that project no longer makes economic sense, you should stop.”
So, should Hillary Clinton quit?
“Certainly, there are a lot of sunk costs. Years of effort, dues paid, heartaches endured. This might be her best window of opportunity, after all. And yet, all of these sunk costs should be completely irrelevant to the decision. For every brand and for every person, yesterday is irretrievably gone and tomorrow is worth a great deal.”
True. And way way easier said than done.
Who hasn’t stuck with an idea, a relationship, and career or business – longer than we should have? Because we were so vested in it, so identified with it – financially, socially, mentally, family-wise and most of all, our ego said, stay the course?
I’ve stuck with a certain mission because my ego says “You’re the one to make this happen.” E.g. help change the image of network marketing. It’s been a mission for almost 20 years.
But like the man says, when you start becoming someone you don’t want to become, when it stops making economic sense, it’s time to make a change. I’ve made two.
One, I’m part of a new start up. (Industry consultants are not supposed to do this – or certainly not tell.)
Two, the new company I’m part owner of has just let go of the multi-level pay plan. We’ve adopted a two tiered affiliate type pay plan instead. Two things are happening now:
First, no more closed doors just because of the type of business we are (“one of those things”).
Second, with no monthly financial qualifications of any kind, people with the deepest downlines are earning more now than before. Because most weren’t meeting the usual mlm monthly qualifications and so, didn’t pick up commissions on all those levels regularly anyway.
This is not a pay plan for the experienced deep mlm builders. It’s a plan for people who must buy more product in each month than they qualify to earn, no matter how deep their lines are.
Future uncertain, as always. But yesterday is irretrievably gone and tomorrow is worth a great deal.