Options and Plan Flexibility

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Options Flexibility is having one master plan, but deliberately developing a number of tactics to achieve it, not just relying on one tactic. Sports teams often win games by changing their tactics during the game. Under dynamic competitive conditions, so do companies.

A student who wanted to enrol at a university but not incur a high student debt (tuition and accommodation debt) might consider each of the following tactics;

  • Work first and save to pay their fees.
  • Study and work part time together.
  • Get their employer to sponsor them while they study (cadetship/apprenticeship).
  • Start a small side-business to partly fund their studies.

Plan Flexibility is having several master plans at once. That way if one fails, you can activate another one quite quickly, because the options you’ve built up already, work well for each of your master plans.

The master plans might be to be the best ‘you’ that you can be & be the best partner you can be. By building up a strong personal network of trusted friends, generating goodwill with your partner’s family, taking some personal development courses and/or doing some activities outside your comfort zone, you’ll build confidence, insight and skills. These things give you options to help you achieve both or either master plan.

Someone might reach a ‘watershed moment’ where they need to move from Options Flexibility to Plan Flexibility. For example, becoming a refugee and having to flee their native country. Deciding whether to come out, or finding they need to change career.

In any case, when conditions are especially uncertain, or likely to change rapidly, why not boost your personal flexibility by using both Options and Plan Flexibility together?

Simon

Published by

myflex1

I have strong interest in flexibility the subject and in promoting its use more widely. Professionally, am a science graduate, chartered accountant and MBA-holding business adviser. Over three decades of work experience, I've worked in three countries, parented three genders, become involved in three lots of people rescues and quite like three course meals...

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