Lori Harder advises entrepreneurs to explicitly plan for worst-case scenarios early in their business. She argues that having a survivable plan for even extreme losses ("losing everything") removes a persistent anxiety story that otherwise consumes mental energy, freeing focus and reducing stress.
In the beginning of your business, looking out every year of what are all the things that could go wrong and actually putting yourself in worst case scenario. Yes, that has been one of the most powerful things I've done for myself. Because if you have a plan for worst case scenario, and you can survive it, and you know, you can survive it, even if it means losing everything or, you know, your partner stealing or whatever that looks like, then you're actually taking away this big story in the back of your head that's actually consuming so much energy that you guys don't realize.
