The New Normal for a Successful Mindset

the new normal for a successful mindset

What is the new normal for a successful mindset?  The pandemic has forced us to think differently and to quickly adapt to changes we would have previously considered very unlikely. It is not good luck, rather a strong and responsible leadership ethic of any company fully prepared to change to a Work-from-home scenario when the Corona Virus hit.


The New Normal Mindset #1 – We are Chasing Technology

Technology is ahead of where we think it actually is. The learning curve of human beings has been overtaken by technology in the past couple of years, but due to exponential growth, it is now getting uncomfortable for some of us to accept. If we give credence to the fact technology is going to get a lot smarter than most humans, we need to learn how to utilize technology to apply it to our needs. When the steam machine took over muscles and hard men’s work, engineers utilized that power and used it to their advantage.

The New Normal Mindset #2 – Flexibility is the Ultimate Perk

When the pandemic hit the world, our leaders were unclear how to handle it and the Nation’s population were forced to make decisions based on trial and error. There was less stability in our daily lives and confusion about what and who we could trust and rely upon. As human beings thrive on routine and security, we are accustomed to a world where we need not take unnecessary risk. Now that the world around us is constantly changing, flexibility has become the new golden thread which guides us through the uncertainties. Flexibility keeps our thought processes agile and without realizing it, or perhaps even believing it, moves us forward.

The New Normal Mindset #3 – Be a Futurist
Technology, business methodologies, environmental challenges, Work-Life-Balance, it comes down to building a system around oneself. The assistance and guidance of one’s career, family and friends influence one’s personal success and even their downfall. Each of us needs to be a futurist by both looking forward to where we want to be in 10 years and looking back to where we were 10 years ago. Mostly likely any person would say they have changed quite a bit in the last decade, so we need to embrace the idea that change will continue to occur in the world and in our personal lives. Therefore, live in the present but think like a futurist!


The New Normal Mindset #4 – Create Change

Many of us would accurately describe the last year in words of despair, sorrow, anxiety and anger. Conversely, change may be the best word to describe the year 2020. We must learn from the past to understand that change has always been how our world and environment evolves. Change is necessary and constant. Just as a gardener switches out the crops he grows with the changing seasons, we must be adaptable to change in order to survive.  If we ethically use technology to our advantage, allow flexibility in our positive goals and look to the future with adaptability, we will not only survive, we will each be part of making the world a better place.

We hope you enjoyed this article about the new normal for a successful mindset. If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page  or our website at www.GROCO.com.  Unfortunately, we no longer give advice to other tax professionals gratis.

To receive our free newsletter, contact us here.

Subscribe to our YouTube Channel for more updates.

Considerately yours,

GROCO, GROCO Tax, GROCO Technology, GROCO Advisory Services, GROCO Consulting Services, GROCO Relationship Services, GROCO Consulting/Advisory Services, GROCO Family Office Wealth, and GROCO Family Office Services.

Alan Olsen, CPA

Alan L. Olsen, CPA, Wikipedia Bio

Posted in
IRS UPDATES PROCEDURES FOR REOPENING CLOSED CASES

IRS Updates Procedures for Reopening Closed Cases

IRS Updates Procedures for Reopening Closed Cases IRS issued Rev. Proc. 2005-32 On May 20, 2005, the IRS issued Rev. Proc. 2005-32, which updates procedures for reopening closed examinations under §7605(b) and describes when a case is deemed closed after examination. It also provides a nonexclusive list of contacts and actions by the IRS that…

Year-End Tax Tips For Investments

Year-End Tax Tips For Investments

Year-End Tax Tips For Investments By Glenn Dahlke Yes, its that time of year again, time for every financial column to drum into your head all the year-end investing tax tips. It’s the equivalent of your list to Santa. You either take care of it by year-end or you take your chances. Consider yourself warned.…

THE PYRAMID: ORDERING YOUR INVESTMENT OBJECTIVES

The Pyramid: Ordering Your Investment Objectives

The Pyramid: Ordering Your Investment Objectives Investment planning is not like trying to win the lottery — it’s not a matter of luck.   Crafting an investment strategy requires an assessment of resources, development of objectives, analysis of choices and opportunities, and, finally, matching of those alternatives to long-term goals. 1. Safety and security of…

Why I Didn't Accept Venture Capital

Why I Didn’t Accept Venture Capital

Venture Capital Financing: Structure and Pricing “Financing a venture can be structured using one or more of several types of securities ranging from straight debt to common stock.” Introduction Types of Securities Disadvantages of Debt to a Company Advantages of Debt to a Venture Capitalist Percentage Ownership Needed Case Studies Conclusion Introduction A venture financing…