Planning ahead – what’s the point? It’s provisioning that we need

Every professional project manager knows that the secret to a successful project lies, for a very large part, in good planning. And I for one would say nothing to suggest otherwise. However, there’s a very poignant Jewish joke that sometimes returns to haunt me. Question: “How do you make God laugh?” Answer: “You tell him your plans”.

This is not the kind of joke that has you rolling over with laughter but a kind of double action joke that affects you on multiple levels. On the one hand the idea of God being able to see your future and that he cruelly takes pleasure in being able to laugh out loud as to how wrong you are. And on the other hand, on a more cynical level, where you yourself can look back and laugh (or cry) at the vision you once had and how it has turned out so differently.

I guess there maybe some people (purely based upon the law of averages) that for them, everything goes to plan? But for the most of us, this is clearly not the case. This does not however mean that things necessarily turn out for the worse – quite the contrary. Even in our biggest tragedies comes new hope, new ideas, and even new life.

The point I am making is this: Both in our business and in our personal life, there is no point in making very detailed, long term plans for the future. If you have ambition and you know what you want you should set out a strategy, not a plan, to best try and reach it. I suggest the following:
1. Understand very clearly where you are right now
2. Work hard on developing a clear and plausible vision as to where you want to be
3. Formulate a very clear strategy
4. Ensure you maintain discipline and follow rigorously your short term planning
5. Make provisions for the future

Every adventurer knows that they need a plan, but every adventurer quickly realizes that plans need to be constantly adjusted and revised in order to keep the long term vision in sight. But more important than plans are provisions. We need just enough provisions to keep us going through the rough times but not too much that they weigh us down or make us lazy. And this is the delicate balance that most businesses are facing right now.

So when planning for the future, think in terms of strategy and not detailed plans. And when you have plans, be prepared to change them for the sake of the long term vision. However, the one thing you should never compromise on is ensuring that you have sufficient provisions for yourself and those that depend upon you. Only a fool risks their own life, let alone, the lives of others by setting off with insufficient provisions to reach their next base.

Have a good week,

H.

The Profits of doom are staring at their dashboards

Over the past few weeks we have been confronted with so many negative images and stories about the financial crisis that it is making me wonder if some of us are spending too much time staring at our dashboard indicators, rather than at the horizon ahead of us?

The secret of successful entrepreneurship is anticipation and adaptability. Anticipation involves keeping your chin up and keeping your eyes wide open, scanning for the best way forward, seizing (if not inventing) opportunities as you see them. Staring at your feet, to where you are right now, will not help you.

We have spent so long looking at our reliable indicators that I think we all have a pretty good indication as to exactly how deep and wide the crisis is and how much bigger it is likely to become? Now is the time to build bridges, to find new ways of avoiding further disaster by looking for creative strategies to forge a new way ahead.

The tools we used to create this crisis are not the same ones that we will need to circumnavigate it or even to kick start the flow of cash again. I can understand that politicians and business leaders do not want to create false hope or be disrespectful for those hardest hit by the current crisis. But we simply must remember that financial crises have come before. Perhaps not as bad, but we know that the first communities to recover are those that accept their reality and adapt to it the soonest. Now is the time to sit with younger minds and to take on board the fact that not only is the world economy fundamentally changing, but so are our business processes.

We are living in a world where many of the most successful and cash rich companies are giving their products away for free! The old rules do not necessarily apply anymore. Sure we have ‘traditional’ businesses that produce essential products for the world to consume, but the leaders of these industries must also look for creative ways to act more locally by using the power of their global information communication systems and trading methods to discover new efficiencies and opportunities. Cost saving on current overheads alone will not inspire the creation of a new frontier.

On Thursday I looked at my Huygens barometer only to notice that the alcohol was reading off the scale (see the image above). Being my normal arrogant self I assumed that this was down to some kind of fault in the apparatus. But then logic kicked in: Huygens barometers can not ‘go wrong’, they have been working accurately for the last two hundred years or more – so what do I conclude? That I am witnessing an extraordinary event, the likes of which almost never happen, I conclude that I am still alive, my house is still standing and my cat is still asleep on the radiator, oblivious to the panic in my head. The reason I do not feel the storm is because I am in the very heart of it, in the centre of the low depression, where the wind is still. On the edge everything is in chaos – the devastation is merciless. Where I am the sun is still shining and everything is calm – now is a good time to think and make plans, knowing that things will change and that I will need to change with them.