Doomsday Scenario
This is a preview of a concept contained in The Personal MBA by Josh Kaufman, a book that will help you master the fundamentals of business, hone your business instincts, and save a fortune in tuition. The Personal MBA distills the most powerful principles of business and delivers them quickly and concisely. Order your copy now…
What is “Doomsday Scenario”?
“What looks large from a distance, close up ain’t never that big.” — Bob Dylan, songwriter and musician
Key Points:
- A Doomsday Scenario is a Counterfactual Simulation where you ask the question: “what’s the worst that could happen?”
- Doomsday Scenarios are pessimistic to make you realize that in most cases, you’ll be ok.
- Remember: most threats nowadays are no longer life-or-death situations.
- By Externalizing your worst fears, you realize what they really are: irrational overreactions.
- Once you’ve imagined the Doomsday Scenario, you can work to improve upon the worst case.
Questions for Consideration:
- Imagine your armageddon scenario – what happens, and what can you do prevent it from happening or mitigate the impact if does happen?
- How can you improve upon your worst case scenario?
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True leaders aren’t made by business schools – they make themselves, seeking out the knowledge, skills, and experiences they need to succeed. Read this book and you will learn in one week the principles it takes most business professionals a lifetime to master. Buy The Personal MBA by Josh Kaufman now.
