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April 09, 2009 - Image 34

Resource type:
Text
Publication:
The Detroit Jewish News, 2009-04-09

Disclaimer: Computer generated plain text may have errors. Read more about this.

BUSINESS & PROFESSIONAL

career coach

The Reset Button

p

road, but we will see a lot

No one could have predicted it would

of growth and a great deal
of new opportunity in the
face of adversity.

have become the largest search engine
in the world, let alone a common verb.

erhaps GE Chairman and

that really helped propel the eco-

CEO Jeff Immelt said it
best this past February in a
poignant five-page letter to

nomic engine for a long period of
time. He's right about resetting
without credit expansion being

Soon we will all be read-
ing newspapers on our

shareholders. "I believe we are going
through more than a cycle," he wrote

the propellant for the economy."
Immelt and Buffett are onto

in the 2008 Annual Report. The global

something real. While it may be

and magazines on Kindles,
hosting reunions online on
Facebook and getting 24-7

economy, and capitalism, will be 'reset'
in several important ways."
Wherever we turn, this phrase coined

scary to think about a future in
which nothing will ever be the
way it was, we must consider Immelt's

by Immelt continues to pop up. It's

message. As a nation, we have lost
sight of a few things. Our zest for inno-

a way to use windmills, solar-power and
other types of power plants in our every-
day lives. Just like the cartoon charac-

vation made us great and we've put
that on the back burner.

ters lived in the futuristic TV show The
Jetsons, we won't be able to leave home

been the subject of interview prompts,
talked about on blogs and Internet

chat rooms and has made its way to
the board room in business meetings.

Ro bert Sher

Co Iumnist

The future is exciting if you want to
stay in front of the parade. To get there,

Twitter news updates on
our cellphones. We will find

network, over-deliver on your prom-
ises, keep up with the changes and get

things done. Only then will you survive
in the downturn and keep working

while we wait for the world to reset.
Are you prepared for reset? Pause

for a minute, then hit reset, and you will
be ready to jump to restart.

without being wired to our tech toys.
No matter what transpires, we will

Why? Quite simply, it just makes sense.
I first heard it on NBC's Dateline when

to take a long time to see any real
changes from the economic stimulus

Tom Brokaw asked business legend
Warren Buffett if he agreed with the

package. We have to be patient and
we must seek out new opportunities in

summation that we are in reset mode.
We have lived in one way in one type
of economy and we're now deleverag-

a reset world. So while we are waiting,
let's focus on the future and find ways
to adjust to the evolving landscape.

"We're gonna have to live without the
same impetus from credit expansion

growth markets and healthcare. We just
need to reset our thinking, be innova-
tive and hunt for opportunity.

laptop computers, books

All the experts predict it is going

ing that economy," Buffett told Brokaw.

For you, the prospects are endless
in the areas of clean energy, emerging

Change is not a bad thing. The world

is not coming to an end. There may not
be three cars in every garage down the

always need services and we will
always need innovation. Bill Gates
started Microsoft while he was in col-

Robert Sher, CPA, is a Certified Executive and

Business Coach and former CFO and partner

for Schostak Brothers & Company, Southfield.

lege. Now he is one of the most influ-

He has been a delegate from the Michigan

ential individuals in the world. Google
was just a concept when it began as

Association of Certified Public Accountants

to the National Future Forum, working on

a start up not too long ago and it has
changed the way we search for every-
thing, but who knew that at the time?

the CPA "Vision" Project. He serves on the

boards of numerous organizations. His e-mail

address is: info@bobshercom.

Choose the right
tools for the task
at hand.
You can borrow
our toolbox.

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MELLEN, SMITH S PIVOZ PLC
Certified Public Accountants

Serving our community for 37 years

30600 Telegraph Rd. I Suite 1131

Bingham Farms, MI 48025-4531 1

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Robert E. Mellen, CPA
Michael A. Pivoz, CPA
Mark L. Smith, CPA
Jeffry A. Campeau, CPA, ABV
Peijin Harrison, CPA
Lori A. Wigler, CPA, CFE

Gerald A. Kirschner, CPA
Lynne E. McKelvey, CPA
Elizabeth M. Pietrangelo, CPA
Jason L. Pivoz, CPA
Dennis A. Reef, CPA
Kevin S. Terry, CPA

1472440

A34 April 9 • 2009

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