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CREATIVE CAFFEINE

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When not letting go impacts your business

Last week I wrote about having to let go of our much-loved and well-used record collection and vinyl turntables. (The turntables went yesterday. Boohoo. See photo at the end of this post.) Since then, many of you have reached out to say that you are experiencing something similar, so the story seems to have have hit a chord.    

I’ve been digging deeper into the importance of letting go and I think you’ll be interested in my findings. It seems businesses have an even harder time letting go. I guess in business there is the multiplier effect of not just one, but many minds unwilling or unable to let go.

Is your business making the mistake of not letting go?

 Are you limiting creativity and innovation in your business by hanging on too tightly?

Here are three ways that not letting go can hold your business back from innovation and growth:

  1. Incapacitated learning
  2. Functional fixedness
  3. Sunk cost bias

1. Incapacitated learning

‘Incapacitated...

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