Edit vs ReWrite

Someone found my blog yesterday googling the question: will I make a lot of changes to my first draft?

If this was you, I hope my blog didn't scare you. I make no secret about the countless hours of revisions that go into each round of edits I make. My first draft only resembles the current version in that it has some of the same characters and the central conflict is mostly the same.

Even the constitution had a rough first draft CC

The question did make me start wondering about a piece I'm working on right now. I only got about 1/3 of the way through the story before I ran out of steam. As much as I love the story, I'm not that excited to keep working on it because I know how really (REALLY) rough what I have so far is.

Is it worth it to keep going or should I stop and start over? Do I keep building on a story I recognize as fundamentally flawed or scrap it and pick up the story with a fresh perspective?

I'm loathe to dismiss what I've got so far, but even I can recognize it's not good.

Has this ever happened to you? Ever gotten part-way through a story only to realize it's not working? Did you shoulder through and finish so you could clean it all up nice and shiny in revision? Did you cut your losses and embrace the blank page?

Let me know, because apparently I'm not the only one with the questions.