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Give your complete attention
Understand what you're hearing
Confirm the appropriate follow-through

Here are 3 sample exit statements that will politely help you out of an unfocused conversation and invest your time elsewhere.
"Things seem to have gotten busy. should we continue this later?"
"Why don't we brainstorm some more on our own and discuss this in a while?"
"Well, so far this sounds exciting [complicated, great, etc.]. I'll let you get back to [whatever the person was doing prior to talking with you] and I'll touch base with you again shortly."
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