Tag Archives: lessons

When to Pull the Plug: 3 Steps to Take Before You Discontinue a Product

While I was reading the other evening, I came across a tremendous metaphor. Conner Forrest, a writer for TechRepublic, equated admitting your own business’s failures to calling your own child ugly. No one wants to admit that their ideas aren't all that revolutionary or innovative. Acknowledging flaws in our products — ones we have built, invested in, and grown — can be a painstaking process.

However, our success is often defined by how well we handle failure. Not one successful person has achieved their goal without encountering several setbacks and learning experiences along the way. It's certainly difficult to feel like we're on the road to success in the face of a languishing product, but we can refocus our efforts to learn why our product is failing and how we might push it through to market success.

Let's take a look at a few ways to accomplish this:

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