From the course: Leading in Uncertain Times

Unlock this course with a free trial

Join today to access over 22,600 courses taught by industry experts.

Plan for contingencies

Plan for contingencies

From the course: Leading in Uncertain Times

Start my 1-month free trial Buy for my team

Plan for contingencies

“

- Things don't always turn out the way we expect. Your new hire can't hack the new job and has to be terminated. Your competitor just launched a new product that's way more advanced than yours. Or maybe things has been great and demand for your services are up 40% this year. Whatever it is, it's not exactly what you thought it would be and whether the problem is good or bad, you have to adapt quickly. In the moment, it can be hard to have the necessary perspective to figure out the right move. That's why it's so important to master contingency planning in your business. Whenever there's an inflection point or a choice you have to make, here's how to do it. First, write down what your expected outcomes are. What do you think is going to happen? Most companies and individuals don't take the time to do this and it's to their detriment because over time your original thinking gets foggy. Why did that seem like such a…

Contents