At times we must move people into decision-making mode or they will forever do nothing about their situation. Occasionally, we must force people into action. When this situation occurs, we can never be certain as to exactly what people will do, what decisions they will make, what the outcome will be... but we do know that whatever the results are, we will be prepared to channel them into the conclusion we want. Opportunities open up, people commit themselves and we respond knowing exactly what to do the moment we see the opening. We call this "throwing a hand grenade into the kitchen".
Bold, daring, aggressive and creative methods, yes, but built on confidence, experience and skill.
There are only so many responses that can occur, thus we are usually fully prepared for any that we get. We are experienced, so we are very good at predicting the likely outcome. Sometimes, however, we need to flush someone out and get them to commit and this is one way we do it. A "controlled train wreck" we call it. While daring, it works for us when we need it.
Debt workouts are part science, part art form. This is where it comes together, and this is what it takes to do a workout: science and art. Taking risks, but with skill and confidence. What a combination. Does it always work? Yes, of course. While we may not know in advance exactly what will happen, we do know what is likely to happen and are prepared for whatever fallout occurs.
Are we ever totally surprised? Very seldom. But, should it happen, it's no problem as we have written the script and even if a player malfunctions on us, the strategy supports success no matter what. There is little risk in blowing up the kitchen and whatever happens accelerates a conclusion. This is part of the art form of engineering a successful workout.
Because we usually know what will happen in advance, any twists and turns are recognizable and acceptable. They're only road bumps in our path, never road blocks. Join us for the ride; it will be the ride of your life! A loan workout will save your economic and business life. Sometimes we just need to blow the place up!
Published by Don Todrin
Donald Todrin is the CEO and Founder of Second Wind Consultants, Inc. who specializes in SBA Loan Workouts, business debt forgiveness and solving difficult business problems in general. Don has authored... View profile
- Business Debt Workouts: The Benefit of Your File Collecting Dust in a Workout Nego...A Don Todrin article on Business Debt Workouts - As discussed elsewhere, when negotiating a workout, it is best to present the highest and best offer you can that makes sense and is reasonable under the existing circu...
- SBA Loan Default: Do Not Water Down Your Mission, Specializing WorksA Don Todrin article on SBA Loan Default - If Ray Krock, the founder of McDonalds, had expanded his fast food concept to serve pie, and meatloaf, fish sandwiches, soup, etc., he would have been a diner;
- SBA Debt Forgiveness: When You Have a Minority Ownership of Real Estate, when in D...A Don Todrin article on SBA Loan Default - It happens frequently, you go into default on your primary SBA guaranteed loan, or any secured bank loan, and when the bank examines your financial statement and tax returns
- Our SBA Loan Default Workout Guaranty: We Will Never Have to Pay it Out!A Don Todrin article on SBA Loan Default Workout - Our guaranty is a direct reflection of our success. In short, with the appropriate support from our clients including adequate financial strength
- Defaulted Bank Loan WorkoutsA Don Todrin article on Defaulted Bank Loan Workouts - We frequently speak about SBA guaranteed loan workouts which have their own specific requirements.
- SBA Loan Default: Workouts Are Not a Get Rich Quick Plan
- SBA Loan Default: The Single Most Self Destructive Force in an Entrepreneur's Life
- SBA Loan Workouts: Fifteen Months, 3 Lost Sales, and We Are Just Now Getting Someo...
- SBA Loan Default: Please Stop Believing Your Franchisor's Projected Numbers, Do Yo...
- SBA Loan Default: Business Decisions Are Exactly That, Not Moral or Ethical Issues
- SBA Loan Workout: What Happens to an SBA Loan when You File for Bankruptcy?
- SBA Loan Workout: How Lawyers Sometimes Inadvertently Prevent Business Conclusions
- A successful workout requires gaining the attention of the players involved, bank and clients...
- Debt workouts are part science, part art form.
- A loan workout will save your economic and business life.




