Backup Plan


Hi Brooke!
I have a question regarding having a “backup” plan if my business doesn’t work out. About a year ago, I quit my job to start a business. My backup plan all along has been “if the business doesn’t work out I will go back to the workforce…”

However, I’m having conflicting thoughts about having a backup plan. Part of me feels like having a backup plan makes me feel relieved because I know I’ll be ok if the business doesn’t work out. But at the same time, I feel like having a backup plan could also be hurting me because, in a way, it’s like I’m expecting to fail by having a backup plan. If I knew 100% that my business was going to work out, a backup plan would be irrelevant. I’ve often heard that when you truly make a decision, you cut off all other options (i.e. “backup plans”) and find a way to make it work no matter what.

So is having a “backup plan” hurting me more than helping? Is it better to go all in with my business & forget about any other options/backup plans?

Here are my conflicting models:

C- N/A
T- If my business doesn’t work out, I can just go back to work and I’ll be fine.
F- relieved/comfortable
A- don’t work as hard on business as I should because I don’t really NEED to
R- my business doesn’t work out

C- N/A
T- If I have a backup plan, then I’m basically expecting to fail
F- discouraged
A- spend time worrying instead of working on biz
R- the business fails

Here’s a better model that I came up with, but I’m having trouble believing that the business is going to succeed because I don’t know that with 100% certainty…

C- N/A
T- My business is going to succeed, so I don’t need a backup plan b/c it’s irrelevant
F- Confident/empowered
A-Show up and work on business
R- Business succeeds

Your help and insight are greatly appreciated!