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No one should be ashamed to admit they were wrong, which is but saying, in other words, that they are wiser today than they were yesterday.” – Alexander Pope

Rationally you all know to do this. But emotionally, it’s hard to admit defeat and cut your losses. Virtually every analysis comes up with the same conclusion. You, your team, your organization, your customers, and the world itself will be better off the faster and more decisively you can cut your losses to free up resources to invest more in your winners to make them best in class.

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