Contingency Planning

Posted by Dave Lorenzo - Business Coach

No matter how carefully we plan, we can never know the future. Even the best-laid plans fall through. Successful people are aware of this and always have a backup plan in place. They have a Plan B, Plan C, and maybe even a Plan D. Thinking strategically and always having other options is a critical element of Career Intensity.

The first step in contingency planning is to consider every possibility in any given situation. Next, weigh the likelihood of each of these options. Finally, prepare yourself mentally for each potential outcome, starting with the most likely and working down to the least likely. Decide what you will do in each situation. What will you need? How will you push forward through a less favorable outcome?

Working through all possible outcomes in your mind may sound too time consuming or difficult. However, strategic thinking is a skill that you must learn and develop in yourself. The more you do it, the easier and more natural it will become. Eventually, you will do it automatically, without even thinking about it.

Being aware of potential outcomes grounds you in a place of strength and awareness. If you’re never—or rarely—surprised by events along your way to success, you will experience fewer setbacks and be less likely to be derailed from the track.

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© 2007 David V. Lorenzo - Business Coach and Advisor