Close your eyes to the present and scout the whole future terrain
When a national nonprofit asked me to help them budget around grant applications, their initial list read like a shopping catalog: ‘Here’s a $100k ask, here’s $200k, here’s $50k.’ They prioritized only by size—and often burned time chasing big grants that had little chance of coming through. I suggested something radical: let’s scout the future. Could they win each grant? At what odds? Some $50k requests were virtually locked down; others weren’t. Rewriting those applications almost overnight, the team shifted energy to mid-sized grants where they had a 70% shot and gained $35k on paper, instead of a 10% chance at $200k. The result? The actual awards smashed projections by 20%.
That’s scenario planning in action: imagining each path forward, from best to worst, then ranking by both likelihood and impact. All those possible futures turn a messy field of guesses into a navigator’s map.
It wasn’t magic—just a simple exercise of listing “what if” scenarios, assigning them odds, and weighing their stakes. As they rolled this out across other departments, everyone from the CEO to the program managers learned to think like a scout: foreseeing pitfalls and spotting the hidden high-probability wins that get lost in an unexamined to-do list.
Take your next major decision—big purchase or career choice—and treat it like a pitch book. List every ‘what could happen,’ give each outcome a rough probability and impact score, and see which forks in the road deserve the most focus. You’ll spot pitfalls months in advance and turn fuzzy hopes into clear targets. Start this afternoon; bring your map to tomorrow’s meeting.
What You'll Achieve
You’ll gain confidence by replacing wishful thinking with a realistic map of possibilities, enabling you to allocate resources where they’ll likely yield the highest return. You’ll preempt surprises and respond nimbly when the unexpected occurs.
Map out every future before you act
List every 'what if'
For a decision you face now, jot down all possible outcomes you can think of—don’t censor; let ideas flow, even if they feel far-fetched.
Estimate their chances
Next to each outcome, assign a percentage chance of happening. Use past experience, research, or gut sense—no precise formula needed.
Rank by impact
Score each outcome by how big a win or loss it would be. Multiply chance by impact to see which branches matter most.
Reflection Questions
- Have you ever jumped into a project without listing its true range of possible outcomes?
- Which low-probability, high-impact scenarios have you ignored?
- How will adding odds and impact scores shift your next big choice?
Personalization Tips
- Launching a startup? List scenarios from breakout success to early shutdown, and estimate each probability.
- Planning your weekend? Imagine perfect weather, cancellations, or car trouble, and budget your time accordingly.
- Buying a condo? Consider market swings, renovation delays, or a perfect resale—then weigh your down-payment plans.
Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts
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