I wouldn’t recommend you to constantly worry about how you should run your business. Successful business owners don’t fret about what’s going wrong with their operation. On the other hand, there’s fine line between optimism and pessimism that’ll help you make better sound decisions in the future.

One of the smartest moves you can make to guarantee that your company continues to expand is to foresee any hurdles ahead of time. If you’re always thinking in the future, you already know how many options you have when the time comes to deal with an unexpected incident. This will leverage your risk against the rest of the crowd. Most business owners don’t even factor in the amount of risks they might face. Here are some tips to help you spot your risks – and work a plan to handle them – in about a day or two.

Plan it out

After you’ve assessed your risks, outline a plan to limit their impact with the rest of your management team. For instance, let’s assume you have to let people after losing a client who puts $250,000 a year into your company. You probably have to go that extra marathon to keep that customer happy.

Think about all the details that might lead you up to that point and how you can avoid them in the first place. For example, if the customer wants a project done in one week and you’ve been completing projects 10 days, what options do you have to make sure it’s done in six days?

Go crazy with your imagination

Hit the brew button on your coffee machine, have a seat with your team, and, with the help of a whiteboard, write down and potential pitfalls you can think of – power outages, bad weather, taxes, embezzlement, and identity theft. I know it’s going to seem crazy, write it down anyway. After you’ve gone through a bunch of scenarios, you’ll be better prepared to handle your more realistic circumstances. It might include losing your best client, losing a dependable supplier, or being fined for an unforeseen technicality.

Promote criticism

What if you believe half of the risks won’t even happen, but a couple of people on your team doesn’t agree with you? Make sure you clearly state why you think it’s highly unlikely and point out any gaps in their argument. Be at the ready to change up your opinions. Sometimes you won’t even know that you’ve started to think wishfully.

Know your odds

Most small business owners usually realize that the 80-20 rule works when it’s used to assess potential risks. You’re going to see that a couple of scenarios take up 80 percent of the risk you’ll face. For instance, you might see that losing your best client as one of the scenarios. Talk with your team to help gauge the situation to see what your odds are of it actually coming true. If you all agree that it’s high up there – let’s say 30 percent or more – you’ll know what you’re next steps are.

After you’ve gone through the planning stage, write it down on paper so you know who’s suppose to take care of each process. Then have your management team act on these guidelines. That way, you’ll sleep better at night to give yourself more time to dream the dreams of dreams…