Integrity Moments - June 2, 2015

 

 

Planning for Uncertainty
By: Rick Boxx
June 2, 2015

A friend of mine’s business is closely tied to the oil and gas industry. Since oil is a commodity, and prices can wildly fluctuate, how can he know what to expect?

It would be tempting to eliminate planning altogether, but I believe that could be foolish. Without planning it would be hard to know when to begin shutting down portions of your operation.

When there are many possible scenarios I recommend developing a “probable plan,” a “best case plan,” and a “worst case plan.” If things change you can immediately default to the more appropriate plan, allowing your company to adjust rapidly.

Proverbs 22:3 teaches, “The prudent see danger and take refuge, but the simple keep going and pay the penalty.”

If your business is in uncertain times, consider developing alternative plans.

 

Learn more about Rick Boxx and Integrity Resource Center

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