An Ounce of Prevention Really Is Worth A Pound of Cure

When is the best time to prepare for a worse-case scenario in your organization?

You got it…before it happens.

REAL STORY

During a board consultation, I pointed out an organizational risk. I explained the problem and provided the solution.

While it was one of ‘those things’ that wasn’t a problem until it becomes a problem, it was also one of ‘those things’ that if it becomes a problem it becomes a very bad problem.

The board ignored my recommendation and said, “it has never been a problem before so why worry about it now”.

Six-months later the organization’s executive director called me and said, “Hi Beth. You know that thing that you said we needed to fix, and we didn’t? Well, it happened. Can you help?”

Me, “Of course I will help. I’ll be there tomorrow.”

Fast forward to today.

The financial cost to deal with the problem was over $32,000.

Cost to the organization’s public trust, unmeasurable.

LESSON
It is far less stressful, expensive, and damaging to an organization to eliminate a risk than it is to ignore it.

2 thoughts on “An Ounce of Prevention Really Is Worth A Pound of Cure

  1. Karen 03/25/2019 at 5:31 AM Reply

    Yes, exactly right! What some label “worrying” about was has never happened before is really responsibly preparing and protecting the center. Thank you for sharing this. No doubt that many will relate to this experience.

  2. Beth E. Chase 03/25/2019 at 6:23 AM Reply

    Need to mention that there are many brave boards are out there who are digging deep into risk and making the appropriate changes to mitigate such risks. Blessed is the organization whose board gets it about dealing with risk.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: