Articles

Tips to create your future

July 27th, 2014

‘We cannot predict the future – but we can create it’. So says Jim Collins in Great by Choice. So how does that relate to your business?

It’s easy to have the ‘it won’t happen to me attitude’ & at times we can be too busy dealing with the here & now, so what’s the advantage in planning ahead?

In his book (which you should try & read) Collins looks at Scott & Amundsen’s race to the South Pole. Amundsen’s philosophy was: don’t wait until you’re in an unexpected storm to discover that you need more strength & experience.

It’s the same with being in business – focusing on the day to day & not giving much thought to that unexpected storm. It might be a loss of a key customer (or having a customer that you are so reliant on), people not paying you, not having enough cash yourself, some getting hurt, having the wrong people on your team – the list can just go on & on.

So what are some ways to prepare for that uncertainty?

  1. Know where you are heading
  2. Be disciplined & have consistent activity
  3. Have some key KPIs that give an early warning
  4. Plan for the worst & hope for the best
  5. Have a plan b

The advantage for Amundsen was that when things went bad not only had he given those things consideration but he’d thought of ways to confront the challenges & how he was going to deal with them head on.

In business when things aren’t going according to plan sometimes it’s easy to bury your head in the sand & hope that it will get better (it doesn’t normally)! When you’re in the middle on the Antarctic though you either deal with it or potentially die.

So confront those challenges head on & ask yourself what can you do that will make your business stronger?   Take some time to have a wider view over your business & even though you can’t predict the future remember, you can influence how you react to it.

If you’d like assistance in preparing for uncertainty please contact PlanA Consulting

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