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Business is fun

Stormy weather

When you first engage a financial advisor as distinct from an accountant, one of the topics of conversation is about your attitude to the risk profile of your preferred investments. And you will have this conversation more than once during that relationship. I almost wonder if I should have that conversation with my clients because there are times when the approach they take to getting receipts for things is high risk. But enough about that, I'll tackle that with those concerned.

Business is not a risk free zone at the best of times. Simply doing business on credit can be risky these days even with a credit check, and then where do you sit in the supply chain? You need to remember that it's not only your customer you have to think about, it's also their customers or their other suppliers. Of course YOU can't do anything about those people but how much interest do you take in them so you are better prepared?

Cartoon #3911 - 'And later in the day winds gusting in from the west for those of you looking to throw some caution.'

Up periscope!

When you get to be as old as I am you almost get to the point where nothing surprises you. Now I don't know whether that's because I know there is no point in thinking life or business will be predictable since I know that it isn't or because I could care more. But a lack of "surprisability" depends I think of having had experience of the event that fails to evoke any interest. So the first time you get snow in May, even in Scotland that is a surprise, but now I've experienced it, it is no longer going to be a surprise if it happens again. ANd I think that's why the older you get the less surprising life is.

Supposing though you lived your life neither expecting excitement or surprises or trouble, just imagine what the effect would be on you when something hugely out of the ordinary occurred? How would you react? What would you do?

Business planning is all about removing the negative or downside on surprises or indeed thinking about how you would cope with the upsides, often more difficult. You can never plan for every eventuality but you can at least set out some ideas about how you might react if x happens