In the colder regions of the country, the windshield gets frosted over during the night. In the morning, it should not be a surprise when you can’t see out of the windshield, but for many it is. A typical morning starts by rushing out, starting the car and realizing there is not enough time to defrost the windshield. We have all been guilty from time to time using the washer fluid (not so successfully), or simply driving away despite not being able to see clearly. The real answer is preparation. This would include waking up a bit early and starting the car a few minutes before it is time to leave. In doing so, the windshield would be clear as day when we were ready to leave.
To be successful in any arena, preparation is one key component. Some people rely on luck, winging it, or simply hoping for the best. None of which associate with success. The 5 p’s seem applicable; Prior Preparation Prevents Poor Performance. Going into a new year, let’s plan ahead. Let’s prepare for what lies ahead.
In business (and in personal finance) there are many components that need attention to have a successful recipe. One of which is planning for growth and another is planning for cost cutting measures. I once heard someone say “good habits are formed in bad times and bad habits are formed in good times”. In order to navigate the volatile market conditions and the unpredictable business growth within that volatile market, one must begin to plan for a market slow down by being responsible with expenses. If a slowdown happens, the good times will be over. By intentionally preparing now, one will be forming good habits as it relates to expense control. They will be ahead of the curve by being proactive and will be able to see clearly when others cannot.