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Great entrepreneurs often talk about persistence -- pushing past ridicule and doubt to achieve success that no one believed possible. But successful leaders have another skill that often slips under the radar: the wisdom to let go of ideas that fail or lose their luster.

As an entrepreneur, how do you know when it’s time to let go?

Sadly, there's no formula for making that decision. "Many successful people have had success because they pivot and others because they persevere," says Jason Calacanis, a serial entrepreneur, angel investor, and founder of Mahalo.com. The choice depends on the leader and the situation.

To read the original article: Is It Time to Let Go of Your Business Idea? | Entrepreneur.com