Business English from All Ears English BE 482: Give Your Business Idea One Last Chance with this Vocabulary
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Oct 26, 2025 The hosts delve into the challenges of knowing when to give up on a business idea, discussing emotional attachment and pivotal decisions. They introduce the term 'last ditch effort,' unpacking its meaning and usage in both business and life. Personal anecdotes highlight the struggle between investing time and recognizing when to move on. The conversation also includes alternative phrases for final attempts and the importance of viewing projects objectively. Ultimately, they encourage listeners to embrace pivots and learn from failures.
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Give It One Final Push
- Use the phrase "one last ditch effort" to describe giving a project one final chance before ending it.
- Try one final push when small additional actions could realistically change the outcome.
Balance Regret Against Sunk Costs
- A last ditch effort often comes with low confidence but avoids later regret about not trying something small.
- Companies balance extra attempts against product lifecycle decisions and sunk costs.
The "One More Block" Rule
- Michelle describes the "one more block" rule they use while traveling to keep looking for better options.
- This illustrates a small, repeatable decision tactic to decide whether to keep searching or stop.