Yesterday, I talked about
how we should plan for
best case,
worst case,
and
most likely scenarios.
But, but, but…
we’re building businesses.
We don’t have the money
to prepare
for all these scenarios.
By prepare,
I mean plan.
We think about
what we might have to do
under the three scenarios.
We write down the things
we have to consider
and the steps we might take
to deal with those situations.
When the scenario happens,
we can then
immediately implement our plans.
We don’t have to think about it
in the panic
of the moment.
We put our plans in place.
THAT is when
we might have to spend some money.
Planning requires time
but it doesn’t often require money.
Plan for best case,
worst case
and
most likely scenarios.
Put the thinking into it now
so you can focus on implementing it later.