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Some pitfalls to avoid

Don't fall into the trap is to be paralyzed by the multitude of possibilities. Keep it simple and focus on two major uncertainties.
Don't believe that you have to choose one particular scenario and build your strategy around it. Scenario planning is not about choosing just one option for the future but rather dealing with all of the possible outcomes to develop a strategy that will stand the test of all scenarios.
When developing your different scenarios, try to not look at the short term. Do not hesitate to look far ahead, anticipating what the market and competitors are going to be over the next years.

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@markdd

created an idea from a article:

SMESTRATEGY

What is Scenario Planning and How to Use It

smestrategy.net

MORE IDEAS FROM THE SAME ARTICLE

Scenario planning

It aims to define your critical uncertainties and develop plausible scenarios in order to discuss the impacts and the responses to give for each one of them. If you are aware of what could happen, you are more likely to deal with what will happen.

How to use scenario planning

Identify your driving forces: the big shifts in society, economics, technology and politics in the future and see how it will affect your company.
Identify your critical uncertainties: pick 1-2 of the driving forces (with the most impact).
Develop a range of ...