EVEREST

In the early hours of May 10th 1996 after several weeks of acclimatising eight climbers including Doug Hansen guided by Rob Hall made attempt to climb Mount Everest. All of them were very experienced and accomplished climbers. At the Hillary Step three climbers decided to turn back. Gradually, other climbers reached the top of Everest one by one except Doug Hansen. After a moment of celebration they started descent. On his way back down, Rob encountered Doug struggling just above the Hillary Step and ordered him to turn back since it's too late to keep going, but Doug expressed that he won't get the chance to do this again and said he must go on. Knowing how important it is to him, Rob agreed and went with him back up, and they reached the top.

In any project or business adventure, some external forces may play a decisive role. The weather began to worsen; supplemental oxygen ran out, there were no emergency tanks where Rob had asked. Doug falls unconscious from lack of oxygen. Rob asked base camp for help and ordered Doug to stay put. Walking ahead of Doug for a moment, Rob didn't notice him attempting to follow. As he buckled and unbuckled his carabiner from the guide rope, he failed to reattach himself and fell off the ridge to his death. Eight climbers die on Mount Everest during a storm on this day in 1996. Some of them die after reaching the summit while descending some have never got to the summit.

In business is similar. Some companies reach the top some not. But in any case having an exit strategy is crucial. Whether you still climbing to the top or your business is slowing down it is vital to know how and when to quit. What worth is an ecstasy of achievement if soon after everything collapse and cease to exist?