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In life, we often find ourselves at a crossroads, facing the tough decision of whether to hold on or let go. Today, I want to take you on a journey through my own experiences and share the invaluable lessons I’ve learned about when to cut your losses and walk away.

A Costly Venture

Let’s rewind to 2009 when I ventured into the nail polish business, a dream I was ready to invest thousands of dollars in. I recall building a website for this venture, that set me back three to four thousand dollars. I dedicated months and months to achieve that coveted first-page rank for ‘nail polish Australia.’ Sure, I had some customers, but it wasn’t enough to make ends meet.

The Weight of Unhappiness

As time passed, the initial excitement of my nail polish business waned. I was actually never passionate about this business idea in the first place, it was the first opportunity that came to me and I took it. I woke up each day feeling unmotivated and depressed. The more significant dilemma was whether to persevere, given the substantial effort I’d poured into the venture, or cut my losses and walk away.

The Struggle of Holding On

I’m sure many of you can relate to the emotional turmoil of holding on to something, be it a business or a long-term relationship. I was no exception. Spending years with a partner can create a deep emotional bond, making the decision to let go seem like a tremendous waste.

A Glimpse Into the Future

The pivotal question I faced was, “Would I be happy in the long run if I continued down this path?” I contemplated the prospect of spending the next 60 years in a situation that no longer brought me joy. Was it a waste to let go now, or would it be an eternal waste to hold on?

Embracing Change and Finding Happiness

In my journey, I learned that it’s essential to step back and evaluate your situation honestly. Whether it’s a business, a relationship, or any other circumstance causing you to ponder your next move, the critical question to ask yourself is, “Am I still happy? Is it still enjoyable?” If the answer is no, then it might be time to cut your losses and walk away.

The Road to a Brighter Future

My story is a testament to the transformative power of making that tough decision. After closing the nail polish business, new opportunities emerged that I couldn’t have foreseen. The relief I felt was like a weight lifted off my shoulders, and it was a feeling I didn’t even realize I needed until I embraced it. Nothing was a waste. Everything I learnt from my nail polish helped me to start the second business, a marketing agency. Sometimes, your failure in something is a stepping stone to your next success.

Conclusion: My Personal Journey

So, when you find yourself standing at that crossroads, remember that letting go doesn’t equate to failure. It can be the first step toward a brighter, happier future. Knowing when to cut your losses and walk away is an art, and I hope that my personal journey can inspire you to make the decisions that lead to a more fulfilling and successful life.