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Tuesday, December 23, 2008

Handling difficult times - 2

Though I am continuing the series, I have decided not to force myself to maintain any continuity, which means you can expect these posts to be random and readers will have to make the connection.

One very important skill necessary to handle difficult times is planning. We are experts in corporate planning and very easily make assumptions about different variables but when it comes to planning in personal life, we act in a completely different way.

We don't want to take any risk in personal life and can only visualize a straight path almost all the time. There is no contingency planning, which means even a small unforeseen event can throw us into a negative spiral. Instead if we assess the bottom of a downfall (even the stock market can't go negative) and then be prepared for it, I think the shock will be minimal and we can fight the negative spiral.

Like in corporate planning, we need to make assumptions in our personal life and should weight the probability of different outcomes and come up with the expected outcome. If we are either too optimistic or too pessimistic, then we are in for some kind of trouble.

That's all for today. Meanwhile I am back in Delhi after a whirlwind sleepless four day trip to Hyderabad. I have done some very interesting things during this trip apart from meeting my classmates at Solstice 2008 that included giving a treat to my friends by getting them all together for the first time.

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