Adjusting to a New Reality

A sunset in the Arizona desert near Scottsdale...

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It’s a new season for me.  A  lot of changes are happening with amazing force and speed.  I started Shelton Business Services, LLC, a new executive coaching and management consulting business in 2011.  My daughter left home for the U.S. Air Force in June.  Today I’m adjusting to another new reality.

I invited my mom to move from Wisconsin to Arizona after we moved here.  Now, after 19 years of being the go-to-guy for her, she recently decided to make another move from Arizona to Texas.  What drove the decision?  Choose from the possibilities: the record summer heat in Arizona this year, a string of hospital visits, rehab center experiences, my layoff and the uncertainty of the future with a business startup, the changing colors of life’s autumn, I made her mad, all of the above, none of the above…

Yesterday we loaded the moving trailer with the accumulations of her life.  It was a noble effort thanks to my wife, brother, his friend and my sister and some hired hands who came together as an efficient moving team.  It was a long and SWEATY day of packing and taping, marking and moving.  But at 8 p.m the doors closed and the caravan pointed east towards Texas.  I’m still here in Arizona adjusting to the new reality.  God‘s blessings on your journey mom and sissy.

All of this leads to my point for borrowers.  The recent lending and capital markets reports indicate a potential new debt season.  Banks are relaxing credit conditions for businesses.  Loan pricing and terms are moving towards pre-2008 crisis levels.  But, where will the borrowing discipline come from this time around?  From the lenders, the government or, preferably, from the business leaders themselves?

Borrowers, there’s a chance to make a difference but it will require a fundamental business debt lifestyle change.  No longer can you sign up a for a loan simply because your lender offers it or because your competitor got the same terms.  No.  Businesses leaders can choose to make smart borrowing decisions that dial into strategic business and capital plans.  Be more durable by borrowing conservatively instead of running your debt coverage engine to the redline.  How will you choose this time around?  Get ready for the coming capital season.

About Michael Shelton

Your Business Coach Facilitating Delegation and Work Group Engagement Michael Shelton has over twenty-five years of business and military accomplishments, including extensive experience with one of the largest, publicly traded real estate investment trusts (REIT). He is a qualified business coach with assignments in cross-functional work group management, strategic planning, unit leadership, joint venture acquisitions, executive education, mentoring, training and merger integration. Michael has accumulated best practices for building committed work groups from more than $4 billion of capital markets transactions and commercial property development. He served as a commissioned officer and helicopter pilot in the U.S. Army, and earned his MBA from The University of Arizona. Michael has served as a major conference panelist and is the author of Cash Flow Rich, Winning Ways to Evaluate and Finance Real Estate. Today, he helps business owners get more work group engagement as President and CEO of Shelton Business Services, LLC in Scottsdale, Arizona. Disclaimer: I don't offer investment, legal or tax advice. Talk to your broker, accountant or lawyer for investment, tax and legal help. I might own stock in the companies I mention on-line. My posts, tweets and other on-line activity are my personal thoughts and don't represent my employer or company.
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1 Response to Adjusting to a New Reality

  1. Pingback: Give me Borrowing Discipline or Give me Death! | Borrowing Money: Your Handy Guide

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