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South Burlington, VT

Value Creation Blog

4 Reasons You Need To Do Scenario Planning

Scenario2 resized 600Many people think scenario planning is only for business or government.  There’s no doubt that both of these groups need to do it.  So do you.  Scenario planning allows you to think about changes that could upset your life. 

As a good friend of mine is fond of saying, “You’re only one phone call away from disaster.”  Wouldn’t it be a good idea that you’ve thought about what some of those “disasters” might be?

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Topics: retirement planning, personal value, scenario planning

7 Ways To Create Value Through Scenario Planning

Scenario Planning   For Business Owners resized 600Scenario planning allows you to test how different events can influence your business.  Sometimes you should test scenarios that could cause you real problems and sometimes you should test scenarios that can provide great opportunities.

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Topics: for business owners, Change, scenario planning

Scenario Planning Allows You To Love Change

Prepare for change   scenario planning resized 600Right now business is pretty good for the clients I work with and my conversations with them include the question about what we’re going to do if things reverse and aren’t so good in the future.

Business is good right now and yet at the same time the amount of optimism from some of my clients is pretty darned low.  I find I’m having more alternate scenario conversations than I’ve had in years.

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Topics: for business owners, Change, scenario planning, disaster plans

3 Scenario's In Financial Planning for Burlington, Stowe, VT

financial planning burlingtonMany advisors do a financial plan with one option.  It’s the one they believe is likely to happen.  Unfortunately what we believe is going to happen often doesn’t and the plans we assemble are inaccurate.

I think it makes more sense to think about the financial planning process as one where we build several scenarios that could happen and stress test each scenario to see if the plan gets you to your financial goals.  None of us know what’s going to happen in the future.  Using scenario planning allows you to think about what could happen instead of trying to predict the future.

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Topics: financial planning, Change, scenario planning, disaster plans

Want To Create Better Business Value? Use Scenario Planning

scenario planning resized 600I’m a big fan of scenario planning.  I’ve found that over the years building a scenario, or better yet a series of scenarios, is an effective way of testing an idea to see if it makes any sense. 

The simplest form of scenario planning is doing an annual budget.  Your company might do a probable case, worst-case, and best-case budget.  When you do this you are testing three scenarios that could happen so they can see the range of results that would come from each situation.

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Topics: value creation, scenario planning, megatrends

Your Exit Planning Strategy Is Likely Obvious

Exit Planning StrategyIf you work with an Exit Planner, they will tell you there are four ways to leave your business.  Often, during this conversation your planner will lead you to the conclusion that all four are open and the decision is up to you.

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Topics: financial independence planning, exit planning, business exit planning, scenario planning

Business Exit Planning Is About Flexibility

Exit PlanningPutting together an exit plan is about having plans that are flexible and fit your needs.  In fact, most of the time we believe that business exit planning and scenario plans go hand in hand.

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Topics: enterprise value, business exit planning, value, succession planning, scenario planning

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