Tag Archives: Kenny Rogers

Managing By Cliches, Part 1: Knowing When To Cut Your Losses

Picture of hole cards in a game of texas hold 'em

Knowing "when to hold 'em and when to fold 'em" makes all the difference in "not throwing good money after bad"

I came to the realization not long ago that managing my work by cliches wouldn’t be a bad idea.  I mean, cliches might be considered trite, boring, and unexceptional — but they became cliches because there is truth in them, right?  I mean, as odd a saying as it might be, can any mature adult really disagree with the notion that “you can’t have your cake and eat it, too”?

With this in mind, I thought that I’d begin a short series of posts exploring the work-related implications of a number of cliches.  Today’s post focuses on the notion of knowing when to cut your losses (or not “throwing good money after bad,” or, in the words of the Kenny Rogers song, “knowing when to hold ’em and when to fold ’em”).

Cutting Your Losses: Backstory

As with most people, I have a wealth of answers to the standard job interview question, “Tell me about a failure you experienced — and what did you learn from it.” (LOL – or “laughing out loud,” as they say in the texting world).  This particular case involved building a database to manage the HR side of my former company’s frequent acquisition activity.

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