Have you heard the saying, “Rome wasn’t built in a day”? Well the same goes for any financial plan whether you’re planning to start a business or planning for retirement. Planning is everything. Regardless of what you are attempting to build or accomplish there will always be unforeseen challenges working against you. The idea is to create a plan that not only gets you to your destination, but one that’s prepared to mitigate as many problems as possible.
“There’s no point in having a Plan B because it distracts from Plan A” – Will Smith
The Easy Part
Planning for what you want is easy. Figure out exactly what you are going to achieve, map out exactly how you’re going to get there, and be prepared to go after it as if your life depends on it. If you continue to live by those three steps no matter what is thrown your way, you can literally have all the success in the World. The trouble is life is not always that black and white.
There will be roadblocks and walls along the way trying to keep you from achieving your goal. Whether these problems trying to stop you were placed there by other people or even yourself, if you’re prone to self-sabotage or doubt, continue to push through and follow the plan. If the plan is not going to work think of a new way to make it work.
The Hard Part
One of the most important steps you can take in the planning process is to create a list of contingencies. What are you going to do when something goes wrong? What exactly do you think can go wrong? Make a list of every possible scenario you can think of that could be problematic no matter how insignificant. Put yourself in your competitors’ shoes. Where are you the most vulnerable?
Once you have wracked your brain do it all over again in case you missed something because you probably have. Now take that list of problems and make a list of solutions. Not only are you prepared to resolve a whole list a problems that may never cross your path, but you now know that you can tackle any problem that comes your way just as easily.
Success is 90% preparation. Know exactly what you want, know how you are going to get it, and accept that there will be bumps along the way. You may not know where or how big those bumps may be, but at least you are as prepared as possible to deal with them.…