- Rachel Gets It Done
- Posts
- When To Kill Your New Business Initiative
When To Kill Your New Business Initiative
Three months in. Still waiting for results?
You launched something new. A process, a tool, a strategy. Maybe it was supposed to streamline operations or boost revenue. Maybe it was going to solve that nagging problem that's been eating at your productivity.
Now you're sitting there wondering if you should keep pushing or cut your losses.
Here's the thing about timing in business. Most of us get it wrong. We either bail too early when success is just around the corner, or we throw good money after bad for way too long.
After years in operations roles, I've seen both mistakes destroy businesses. The key is knowing which timeline actually makes sense for what you're trying to accomplish.
The 90-Day Sweet Spot
Strategic business planning experts have identified 90 days as the optimal evaluation period for most business initiatives. It's long enough to see real progress but short enough to avoid prolonged investment in failing strategies.
Think about it. Ninety days gives you time to implement, adjust, and measure meaningful results. You can move a major initiative forward, launch something new, fix a process, or hit a revenue milestone in that timeframe.
But here's what most business owners miss. Not every metric responds at the same speed.
Some changes show immediate impact. Others need time to compound. The trick is identifying which type of initiative you're dealing with before you start the clock.
What Actually Takes Time
Revenue-generating initiatives often need longer runway than operational improvements. If you're testing a new marketing channel, customer acquisition might start slow then accelerate. If you're implementing a new project management system, you should see efficiency gains within weeks.
Process improvements typically show results faster than cultural changes. Technology implementations fall somewhere in between, depending on complexity and team adoption.
The harsh reality of business timing hits hard when you look at the numbers. 20.4% of businesses fail in their first year, and 49.4% fail within five years. Poor evaluation cycles contribute to these failures.
You can't afford to get timing wrong.
Your Evaluation Framework
Start with clear success metrics before you launch anything. What specific outcomes will tell you this initiative is working? Revenue targets, efficiency gains, customer feedback scores, whatever matters for your specific goal.
Set three checkpoints. Thirty days for early indicators, sixty days for trend confirmation, and ninety days for final evaluation. This gives you data points instead of gut feelings.
Document what you're seeing at each checkpoint. Are the early indicators positive? Are trends moving in the right direction? Is progress accelerating or stalling?
Most importantly, identify your deal-breakers upfront. What would have to happen for you to kill this initiative regardless of timeline? Sometimes red flags appear early and you need to act fast.
The Smart Business Owner's Rule
Smart business owners use quarterly reviews as their general rule for strategic initiatives. This allows enough time for meaningful progress while maintaining agility.
But quarterly doesn't mean rigid. If something is clearly failing at day 45, don't wait for day 90. If something is showing promise but needs more time, extend the evaluation period with specific new metrics.
The goal is informed decision-making, not arbitrary timelines.
When To Pull The Plug Early
Kill an initiative early if you discover there's no market need for what you're building. This is the number one reason businesses fail, and waiting won't fix fundamental market problems.
End it if you realize you don't have the resources to execute properly. Half-hearted implementation rarely succeeds, and you're better off focusing energy elsewhere.
Stop if early results show you're moving in the wrong direction despite proper execution. Sometimes good ideas don't work in practice, and that's valuable information.
When To Give It More Time
Extend your evaluation period if you're seeing positive trends but slower progress than expected. Market education, customer behavior change, and team adoption often take longer than we anticipate.
Keep going if leading indicators are strong even if lagging indicators haven't caught up yet. Website traffic might increase before sales. Employee satisfaction might improve before productivity gains show up.
Continue if you've identified specific obstacles that can be addressed with targeted adjustments. Sometimes initiatives fail because of execution issues, not fundamental problems.
Making The Call
At your 90-day evaluation, you should have enough data to make a clear decision. Keep, kill, or modify with specific changes and a new timeline.
If you're keeping it, set new goals and timeline for the next evaluation period. Success breeds success, but you still need ongoing measurement.
If you're killing it, document what you learned. Failed initiatives aren't wasted if they provide insights for future decisions.
If you're modifying it, be specific about what changes you're making and why. Vague adjustments rarely improve outcomes.
The Bottom Line
Timing business decisions well separates successful companies from failed ones. Give initiatives enough time to work, but not so much time that you waste resources on lost causes.
Ninety days works for most strategic initiatives because it balances patience with accountability. But the specific timeline matters less than having a systematic approach to evaluation.
Set clear metrics, establish checkpoints, and make data-driven decisions. Your business survival might depend on getting this timing right.
The weight of these decisions can feel overwhelming when you're running everything yourself. But with the right evaluation framework, you can make confident choices about what to keep, what to kill, and what to modify.
Trust the process. Trust the data. And trust yourself to make the call when the time comes.