My goodness, I had more to say on this than I thought!
Thanks for coming back to read this third part.
I got a letter in the mail a couple of weeks ago, from a company who asked if they could sell my company for me. As one of the things they wanted to discuss with me, they had listed my exit strategy for when I wanted to sell my company. I told them I would #neversell , but I would be happy to hear what they thought the company would be worth. They didn’t respond.
Anyway, it reminded me about something I always used to try to install in my teams when we embarked on large projects in the corporate world: Exit strategy.
I have observed, as well as been a part of, teams or projects that keep going long after any sane and remotely objective person would have called it quits. Why? Because it is hard to say “I give up”. And it is even harder to do it in a corporate environment where nobody wants to be pegged as being negative or pessimistic.
So what is the responsible and strategic way to go? Make an exit plan. (And then hope you never have to implement it!)