RSS Adapting to a New Economic Reality

Okay, I’ll say it. The world will never be the same again. The world economy is a mess; the national economy is a mess; and, our organizations, while surviving, are not performing as well as we want or expect. These facts make it likely that as individuals we are not achieving personal or professional goals we have set for ourselves. I get it. In fact, I think we ALL get it.

My question to you is, “What are you going to DO about it?” Recently, I wrote about the Occupy movement, which I think is a very noble effort by those who are choosing to take action.  I personally admire and respect them very much for doing something, even though I expressed concerns about the lack of a formal strategy.

I’d like to offer a personal perspective on how I am choosing to deal with the new reality, in hopes that you might find some shared value.

  • Take stock of what you can and cannot control. For me, it’s pretty simple. I CAN control how I think, speak, and advocate. I can choose how to spend my time and financial resources, both at home and at work. And, I can choose who I am friends with, or who I seek for advice from when I need it.  What I can’t control is everything else, such as how the world around me operates.
  • Simplify things. I am getting rid of the clutter that has built up around me. Not only the things in my desk that I haven’t referenced in years, but also perceptions I may have about others that are outdated or just plain wrong. I have also simplified my personal and professional goals and the variety of tasks that accompany them.
  • Prioritize. Both at home and at work, I am much more focused and realistic, about what I can and cannot accomplish. Years ago, I learned the importance of a “to-do” list at work, but became lax about sticking to it as I went about my work. This is not so today. I know what I want and need to accomplish, and I have a plan to make it happen.
  • Live, Learn, Love. Okay, this may be a bit cliché. However, I can control these things. I choose whether to be happy and satisfied, or sad and frustrated. I choose whether I exercise, read or write.  I can express my appreciation or affection to people, or remain detached and disinterested.
  • Giving Feels Good. This is true no matter how you choose to “give.” I fully invest in my relationships. I will absolutely be there when my family, friends or teammates need me. I will give everything I have to my employer. Additionally, investing both time and money in organizations I truly believe in, like Rotary for example, bring me great joy and satisfaction.

When all is said and done, we can either allow our environment to affect us, or we can choose to shape our environment. I prefer the latter, and look forward to hearing your thoughts and opinions. How are making the best of the new economic reality?

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One Response to “Adapting to a New Economic Reality”

  1. John Braxmeyer says:

    Good message Mitch, especially at this time of year. I particularly liked your first tip about taking charge of what “I” can control – just a great reminder for all of us.

    John Braxmeyer

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Home About Archive Mitch HagstromMitch Hagstrom
Executive Vice President
Chief Banking Officer
Pacific Continental Bank

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