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<< Integrity Moments with Rick Boxx

Integrity Moments - June 2, 2015

  • 2015 Jun 02



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.


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